I have an appointment this week to list a short sale. Loan is with First Federal Bank. 1)Has anyone had any experience, good or bad dealing with First Federal on short sales? 2) Any advice on listing a short sale, it will be my first.

Use the search bar-myself and others have wrote volumes on short sales. Many posts in the REO section below.

call them asap. get the short sale requirements and get everything they ask for. price the home at the lowest justifiable price, then call once a week and check up on it.

Dig around and find out who the loss mitigation specialist is on the property then work on getting the lead on the file to approve a price point that they will except. Also find out if there was Principal Mortgage Insurance (PMI) on the property. If there is a PMI policy then you need to work on finding out who will be handling the file. If you can get the PMI account exec. to commit to a price point as well then you will be leaps and bonds ahead of where you would be using traditional approaches