It seems like every short sale with Citimortgage has been a challenge lately. Maybe it's because most of these are short sales with Citimortgage in second position instead of first position. That makes a difference. They're just battles. After we pass all the hurdles with the first lender, we still need to get past the problems presented by the second lender. This East Sacramento short sale was no exception.
It was a bit of a struggle to find a buyer in the first place because not every buyer for homes in East Sacramento is willing to wait through the short sale process. Not every buyer can wait. Some need to buy a home in East Sacramento immediately. There are few guarantees with a short sale as to the time frame. It can be 2 months or 6 months or a year -- the year timeframe is more likely if it's a Bank of America HAFA. Darn those 3rd party vendors at BAC. Those drag on until people are ready to poke out their eyes with hot pokers.
Read more about how Citi Almost Thrwarts Short Sale Home in East Sacramento.
Certified HAFA Specialist
Sacramento Real Estate Listings
Elizabeth Weintraub is an author, home buying expert for About.com, a Land Park resident, and a veteran real estate agent who specializes in older, classic homes in Land Park, Curtis Park, Midtown and East Sacramento, as well as tract homes in Elk Grove, Natomas, Roseville and Lincoln. Weintraub is also a Sacramento Short Sale agent who lists and successfully sells short sales throughout the four-county Sacramento area with an emphasis on Elk Grove. Call Elizabeth Weintraub at 916.233.6759. Put 40 years of real estate experience to work for you. Broker-Associate at Lyon Real Estate. BRE License # 00697006.
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Photo: Unless otherwise noted in this blog, the photo is copyrighted by Big Stock Photo and used with permission.The views expressed herein are Weintraub's personal views and do not reflect the views of Lyon Real Estate. Disclaimer: If this post contains a listing, information is deemed reliable as of the date it was written. After that date, the listing may be sold, listed by another brokerage, canceled, pending or taken temporarily off the market, and the price could change without notice; it could blow up, explode or vanish. To find out the present status of any listing, please go to elizabethweintraub.com.