July 24, 2011
Smooth (Short) Sale-ing?
I’ve been surprised and impressed with Bank of America, the lien holder for a client’s short sale at Cristalla. They agreed to a short sale on May 19 and we listed at their approved number. By June 16, we were at their second approved number of $407,633. On July 14, we are at their third approved price, $395,404. There are still short sales out there that can drag on for ages, and this one isn’t done yet, but…I’ve been impressed at how engaged and realistic the bank is about market dynamics.