As of the writing of this post, there are 40 potential short sale residential real estate properties in Walnut Creek, California. The process has greatly improved over the past several months. Banks are very willing to attempt a “negotiated short sale” with their homeowner. This means that buyer and seller have a good idea what the bank will settle for in an approved escrow.
Some Walnut Creek real estate agents like myself have created relationships with responsible companies that have trained Loss Mitigation Manager that act on our clients behalf to do the negotiation with the banks and lenders.
If you are in a position that may require a short sale, there are a few simple documents that will be necessary. Make sure you are dealing with a real estate agent that has the knowledge and experience with this process.