San Jose Short Sale Agent is now a preferred Wachovia Short Sale partner.
An advantages of being a Certified Distressed Property Expert (CDPE) is the connections and networking opportunity this certification and my successful experience affords me. One of those opportunities was the preferred partner opportunity with Wachovia Mortgages. I now have direct access to a local Short Sale Manager who can expedite the process for me.
Wachovia is one of the smarter lenders which understands that, generally, a short sale is a money saving opportunity for them when compared to when the homeowner is forced into foreclosure or bankruptcy. They also understand that one of the biggest reasons why typical short sales only close at 23% rate (Campbell Communications Survey, February 2009) is that the process takes too long and even if there is a good offer in hand, the long delay often causes the buyers to back out or simply lose interest and move on to another property.
Wachovia has committed to reaching out to successful short sale agents in a given area and working with them to expedite the process so good buyers don’t walk away from a deal because of the long delay associated with short sales. Remember, Wachovia isn’t necessarily doing this completely out of sense of compassion, they are doing this because their acturaries have detertmined expedited short sales will net them more money. They are setting the new standard in efficiency: 45 days or less is their goal to close escrow from receiving the offer.
If you have attempted a loan modification with Wachovia but were not successful, or have received a Notice of Default or simply do not have other options or solutions, please feel free to contact me. I can give you a no-obligation consultation as to whether a Wachovia Expedited Short Sale may be an option available to you and your family.
