Join our FREE Investing in Real Estate Class Sign Me Up
Select Page

Short Sales to get Shorter

by | May 7, 2012 | How to Guides, Market Reports

With short sales accounting for 20% of the market buyers and sellers already know they are anything but a short process. Short sales often take 3-6 months just to get an answer on an offer. With good news about shorter timelines coming to short sales is our real estate expert Nick Krautter with Keller Williams Real Estate and

Q. What’s the good news about shorter waits on short sales?

A. Fannie and Freddie which own or insure half the mortgages in the USA are requiring that responses be made to short sale offers within 30-60 days.

Q. That still sounds like a long time, is that really better?

A. MUCH better. In most cases short sales take 3-6 months and in many cases longer just to get a yes or no on an offer.

Q. How many short sales did Fannie and Freddie approve last year

A. In 2011 they did 125,000 short sales.

These new rules take effect June 15, 2012


Learning Center:

Advice, Opinions, and Market Reports about the Oregon and Washington Real Estate Market

Portland Luxury Condo Market Analysis

  2020 was a rough year with the pandemic, social unrest, and the closure of many restaurants and retail businesses. Nowhere was the impact more acute than in downtown urban areas across the country. Read the full  luxury condo report here to view the pre and post...

How To Buy & Sell at the Same Time

  How to buy a home when you already own a home: Have you been dreaming of your next home, but you’re not sure what to do with your current home? You’ve heard that it’s a sellers market, but what does that mean if you also need to buy?  There are three options to...

How To Retire for Real Estate Agents

Our CEO and Best Selling Author of The Golden Handoff, Nick Krautter, talks with Justin Stoddart on the Think Bigger Real Estate Show to review his revolutionary model that helps real estate agents grow their business while simultaneously helping other agents rapidly...

Start Your Search Today

For a Confidential Meeting contact:

Nick Krautter, CCIM

Principal Broker in Oregon/President

Managing Broker in Washington