Los Angeles Real Estate Market

You've no doubt heard horror stories about Los Angeles short sales that took months to close – or that went into foreclosure before the short sale was approved. Those stories are true, but preventable, because the primary cause of extreme delay is failure to submit a complete and correct short sale package. We won't pretend that a correct package will make your Los Angeles short sale close as fast as a normal sale. Under the best of circumstances, the banks are slow about communicating and giving approval. But submitting an incorrect package sends your short sale to the bottom of the stack. Once you've made the decision...

Once you've examined your other options and determined that a short sale is the best course of action for you, contact your lender and ask for their short sale package.They'll send you paperwork to fill out and a list of documents you must provide. Your agent can do this for you, if you wish. Since...