Who does the work in a short sale?

I have been reading this forum for a while and I am a short sale buyer.  So far I haven't heard ANYTHING in rgds to our short sale. Who does the work for me, my lawyer, my agent or the seller's agent? Who is more involved with this process and who should I hold responsible for keeping us updated??

Thx. 

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Permalink Reply by TOP END Properties on August 12, 2012 at 5:00pm

Typically it is the Listing Agent or the Sellers Attorney's Paralegal.  You should contact the Listing Agent every 2-4 weeks for an update.  You want to know if/when the BPO was completed, the sellers financials were submitted, and when the offer was submitted.

Permalink Reply by Esperanza Agbayani on August 13, 2012 at 6:50am

Yes! The key to the success of a Short Sale Listing is the Listing Agent who holds main Third Party Authorization that represents the seller who still have the control over the property. 

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