Short Sales
Short sales are among the most complex transactions in real estate, with timeframes that can be unpredictable and processes that vary significantly from one lender to the next. Having a closing team that specializes in short sale closings is critical, and at Chicago Title, our closers have the experience and expertise to navigate these transactions successfully.
Coordination Services
Most brokers we work with choose to hire a short sale coordinator to facilitate the extensive paperwork and ongoing communication with the bank, and to keep the closing process moving forward. Coordination services can look different depending on whether you work with a local individual coordinator or a national company, so it is worth having a conversation about how compensation is structured: does the bank typically cover coordination fees? What happens if the bank does not pay? Who is responsible for the cost in that scenario? These are important questions to ask before getting started.
We partner with several short sale coordination experts, from local individual coordinators to national companies. Below are two trusted resources we recommend.
Short Sale Cooperative
Short Sale Cooperative is a company specializing in short sale coordination. They bring a structured, systematic approach to managing the short sale process, working directly with lenders on behalf of the listing broker and seller to keep the transaction moving toward closing.
Interested in learning more? Fill out the form below to connect with Rachel Winchester at Short Sale Cooperative.
Tana Stevenson, Licensed Short Sale Coordinator
Tana Stevenson is a licensed short sale coordinator here in Colorado, with her license held at Kentwood Real Estate. With more than 1,500 short sales coordinated throughout her career in Colorado, Tana brings a level of experience and local market knowledge that is hard to match. She understands how to work with lenders at every level and has a proven track record of getting short sales across the finish line.
Want to connect with Tana? Fill out the form below.
Questions About a Short Sale?
If you have a short sale and want to talk through how Chicago Title can help, reach out anytime. I am happy to connect you with the right closer and the right coordination resources for your situation.