I've been through the short-sale prcoses twice, once successfully, and once where it fell through.It's a huge drag when it falls through. Waiting 3 months to hear the bank wants $20k more than the listing price (and $10k more than the zestimate) is very disheartening. BTW, that house still hasn't sold. I'll be monitoring it until it does, probably for less than we offered, as it's slowly starting to fall into disrepair (unoccupied for over a year, now.)The second short sale (which we just closed on) went better. It still took 3 months, had some pretty bad days. We ended getting a nice, turnkey house for $20k below assessed market value (on an overall mid $200 house).Do I recommend it? If you know what you're getting into, and are good with dealing with stress. (this house is going to be our residence) We knew what we were getting into, and it was still pretty darn stressful. If this one had tanked, we wouldn't have gone through the prcoses again.EDIT: Pegasus, quit trolling. Rate this comment: 0 0

by Mark 06:41:47 AM 2012.12.09