West Sacramento Short Sale Information – Green Tree Short Sale Process

Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us.

Green Tree Short Sale Process. What’s it look like? The Green Tree Short Sale process is very similar to the other lenders and the time frames can be longer or shorter solely depending on the number of files the negotiator has and their current work load. Much like any other industry, there are efficient negotiators and there are the less than efficient negotiators. For the most part I have found most of the Green Tree Short Sale negotiators to be pretty good overall.

Ok – back to the topic of the Green Tree Short Sale process. We prefer to list the property and secure an offer before submitting the short sale package to the Green Tree Short Sale department. Depending on current market conditions we like to have an offer in front of the Green Tree Short Sale negotiators within two to three weeks of having listed the property.

With an offer in hand we submit a complete Green Tree Short Sale package. When I say complete I mean complete. All I’s are dotted and T’s are crossed. The cleaner the package we submit the quicker the approvals come.

Once the Green Tree Short Sale package has been submitted it generally takes 1-2 weeks for the file to be assigned to a Green Tree Short Sale negotiator. The negotiator will order an appraisal, also referred to as a BPO, to determine value. While the value is being determined the negotiator will review the short sale package to ensure it is current and complete. If documents are dated or missing it will hold up the file until everything is current and complete so attention to detail is critical.

OK so once the Green Tree Short Sale negotiator knows the value, the file is complete, and the offer meets the investor’s minimum net, the file is submitted for final approval. The investor can ask for changes or approve the file outright. Even after the file is approved it can take up to another week the get the approval letter. All told, currently the Green Tree Short Sale process is taking right about 45 – 60 days on a first lien, must less on a second.

Is a West Sacramento Short Sale Right for Me? Give me a call and let’s find out. We also offer a short sale lease back program for those who qualify allowing you to short sale and stay in your home. Call me for details

To get a better idea of when your West Sacramento home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest West Sacramento short sale information. Call me today and sleep better tonight; you’ll be glad you did.