Investor Short Sale Marketing Guidelines

The investors are servicers are enforcing guidelines on short sales when it comes to marketing time frames. If the guidelines are not followed it can result it delays, re-marketing, buyer denials, or blacklisting from a particular servicer or investor.

Short Sales Must Be Listed On The MLS And Open Market!

Some parties do not want the properties on the MLS or open market for various reasons. Short sale packages include listing agreements and MLS listing sheets. Without those items the short sale will not be able to move forward. In order to protect the investors interests the property must be marketed to certain standards. For example Freddie Mac and Fannie Mae require short sales to be on the market for at least 5 business days and a weekend prior to accepting an offer. To my understanding FHA may want a property on the market for at least 15 days. Having an offer dated or executed prior to a property being listed or shortly after can be construed as a red flag for investors.

Its important to structure transactions for success and to mitigate potential issues from the start. For support or questions please fill out the form below and you will be contacted within 24 hours.