Easy.
Get an agent experienced in shorts and have them list it and there you go.
It usually does not actually have to go on the MLS.
Note:
sdr and I are experienced in shorts but you can find loads of other reputable short agents. We aren’t here to harvest clients. I recommend AGAINST going with a large short sale factory type agent.
The point is that time is of the essence here.
There won’t be any trouble stalling the repo date as long as the bank knows that there is a short sale happening.
Very rarely a bank will refuse a short just because they don’t want to reschedule but generally larger banks are very happy to put it off.
And everyone wins:
You: If the bank approves the short sale, you get the property.
Seller: They get to stay there for free until the approval gets processed (usually a few months)
The bank: They don’t have to repo another property (which is actually very expensive to do) and instead get the money.
But seriously, Step 1 is getting an agent to stall the repo date. If you really feel brave you can try it yourself. Most agents find it really difficult and irksome. It is not for the faint of heart.
