When is a Good Time to Update Your Documents with the Bank?
Hey, I’m Saul Carter with Others Realty, Modesto’s leading short sale team. I wanted to talk today about updating your documents. When you’re in a short sale, there is the short sale package which is bank statements, financial statements, pay stubs, taxes, and all that stuff. Well as we go through the transaction, we’ve gotten an offer; we’ve sent off the short sale package, the bank is going to ask for updated documents. I’ve actually had some clients recently who have asked how things were going, and I’ve had to tell them I’ve been waiting for documents from them for two weeks now. I remind them that I’ve sent several emails. Well, things get put on hold if you are asked by the bank for documents and you don’t provide them.
It’s important, and one of the things I always have my sellers sign is a seller’s expectations document. It outlines the short sale process and all of the things that are required of them. I take it seriously. I want them to be just as involved as I am to get this done for them. No matter you try to help somebody, if they aren’t involved it’s not going to happen. Basically if there have been any short sales that I haven’t gotten approved; I can specifically point to sellers not being engaged in why that happens.
Anyways, here’s to doing real estate the Others’ way where we are Modesto’s leading short sale team. If you do have any documents to get to me, get them to me and we’ll get your short sale done. If you have any other questions, please give me a ring or fill out the getting started form here on the website. I hope to talk to you soon. Thanks, bye.
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About Saul Carter
Graduate 1995 BA in Business Administration, Marketing from California State University. Started in Real Estate 2002, sold residential for 9 months before moving into Commercial Real Estate, Specialized in Retail and Office space in the Central Valley of California. When the market turned in 2007 was caught off guard as commercial real estate dried up. Starting in late 2008 started pursuing short sales as a business strategy. Has Closed 50 short sales since January 2009. A combined total of liens negotiated: 82. Negotiated forgiveness of Debt: over $11 million. Has been an independent real estate broker since 2006. Started Others Realty in mid 2009.