1.  We normally only work with properties that have one loan or two loans if they are with the same lender. 
2.  We also only work with properties that will have a sale price of $100,000 or more. 
3.  The above figures show you, these homes have a better than 50% chance of closing no matter what the end price is.
4. It takes about 60 hours either on the phone on gathering and sending paperwork for each offer on a property.
5. The average time per file is over 100 hours.  The average commission 2.5% is before Broker split
6. The average time to sell a regular home is about 15 hours & the average commission is 3% before Broker split
7. When there are 2 loans, the time table jumps 2.5 times or about 150 hours or about 250-300 total hours.
8. 3 loans will take about 400-500 hours.
9. This does not include the time showing, answering questions, giving showing instruction to other agents while answering their questions concerning a short sale and what it is as well as how far we are in the short sale process.
10.We work with the short sales even though we make less money and work 10 times as much time, because we care about helping the people that are in a short sale situation.
11.Why not work with homes with 2 or more loans?  As you can see there is less than a 50% chance that the short sale will be approved.  Since we only have so many hours in a day, we try to work with the ones that we know we can get accepted and can go to a closing. 
12.We care about our clients and want to help as many as we can.  We can help 3 clients with only one loan in the same time that it will take us to help 1 client with 2 loans and then it still may not close.

1.  We first have to get the information from the seller and then make copies and make sure that we contact the lender and get the right fax number or email address to make sure that it gets in the right hands.
2.  Paperwork has to go to our office as well as sign has to go up and we spend about 6-8 hours in setting up the marketing for the property. 
3.  We have to wait about a week and then call the lender to get a stacking order and any forms that they may require. 
4.  Once we get an offer, we have to get a title company to do a HUD1 for the amount of the offer and any concessions that the buyer may be asking. Taxes are prorated.
5.  We take the HUD1 and put it with the offer and send that into the lender. 
6.  We wait for about 3-5 working days and call to make sure that they got all the paperwork and see if they will be requiring any additional information.
7.  Sometime during this time frame, we have to get in touch with any homeowners association to get payoffs and per diem fees so that we will be able to get a good estimate as to what it will cost the lender on any given closing date.
8.  It takes about 10-15 calls to get the above process to a point where we can make sure that we have lender approval.
9.  During this time we have to keep all Realtors with offers in, as to what is happening so that they can keep their clients from looking for something else.
10.There is always the chance that the lender will lose the paperwork and we will have to resubmit it all again and that adds time to the process.
11.The above process will take between 2-5 months depending on the offer and the lender.  This is just one loan.
12.When more than one loan is on the property, there is always the chance that one lender will take too long on replying and the other lender will close the file and we have to work to get it reopened and that will add about a month to the process.  Timing is everything in a short sale.