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Short Sale Pitfalls to Avoid: Inadequate Communication and Follow Up

Good followup can make or break a short saleShort Sales Require Good Communication

A short sale process can be a lengthy one, but one problem to avoid during this long process is inadequate communication and follow up with the lender. Failure to continue communicating with the lender may result in the denial of the transaction. Delays can occur along the way, but communication can keep everyone informed about what is going on with the process.

Choosing a highly qualified agent can help buyers ensure that the agent knows how to follow up and communicate with lenders while going through this process. This way any issues that come up are addressed quickly before they jeopardize the transaction. Good communication can also help to prevent any unnecessary delays, making the process go much faster and smoother for all involved.

Next: Short Sale Pitfalls: Failing to inspect the property