Your agent must gather, send and manage the ENTIRE process, from the inception of the listing to the close and recording. Faxes and paychecks are often misplaced (by the bank). Your agent must follow up and confirm receipt, daily if necessary. At any given time a payment arrangement, may turn ugly. Your agent must manage expiration dates and be sure to ask for extensions if necessary.
Some examples of things that can inhibit or add issues to your file closing: back taxes, no seller credits, HOA dues, property vandalism and the like. If you don’t keep a tight rein on the process, it can get away from you. Maintaining ongoing and efficient communication with the buyer/seller is critical to your success. A good negotiator will review and submit documents supporting your claims and help make sense of the information.
Call Jennifer 916.230.3880 to find out! For 11 more potential short sale pitfalls get your FREE REPORT, SELLERS BEWARE at http://JenKlein.com