Has anyone had any experience with HSBC and short sale negotiations? I just took a listing and HSBC is the only lien holder. What is their time frame for negotiations? Will they push back the foreclosure date if they are working with an offer?
Any feedback would be appreciated.
Thank you
Elise Fay
602-329-7782
{ 4 comments… read them below or add one }
Hello Elise,
We have had a lot of experience with HSBC(Beneficial) over the last couple of years and needless to say have built up a plethora of contacts at HSBC. Their time frame ranges from 3 to 6 weeks depending on outside forces such as possibly having MI to who the investor is. Most every bank will push the foreclosure date as long as you have a valid offer will all documents needed to facilitate the short sale. Please feel free to contact me with anymore questions. Also see our link below and check out the realtor programs we have to offer. Take care and good luck!
Chris Lopez
Homehelper Consultants
Chris@homehelperconsultants.com
480-767-3061
Realtor Programs
http://homehelperconsultants.com/custom6.shtml
I am currently waiting on a short sale that I bid on in March and have not heard anything but that the negotiaters have it now. If I saw something else better I would have moved on already. It is really crazy that it is taking this long.
Oh, I forgot to mention. I am in Florida.