You can find great local Pleasanton, California real estate information on Localism.com Mike Jackson is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Two short sales that I have successfully closed.Date: 15 Sep 2007 When the down market started to take place in the summer of 2006, I had a property listed in Manteca, CA. ... http://www.squidoo.com/shortsalesincali Fri, 17 Feb 2012 17:10:57 -0600 FeedCreator 1.7.2 Fri, 16 Jul 2010 18:42:15 -0600 http://www.squidoo.com/shortsalesincali You can find great local Pleasanton, California real estate information on Localism.com Mike Jackson is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business. Two short sales that I have successfully closed.Date: 15 Sep 2007 When the down market started to take place in the summer of 2006, I had a property listed in Manteca, CA. This home sat on the market with a list price of $455,000 since my seller owed approximately $430,000. I did several open houses and I received a lot of inquiries and walk ins buit no offers. So I decided to look at the local listings in the area and one in particular came up on the market at the time and the owner wanted a quick sale to move into his next property so they priced the home at $409,000, so then I thought ouch how do I break the news to my seller that there is no way we can compete. Luchily I have a broker that's been in the business for 8 years and she told me I should short sale the property. This home did have to loans so the first was getting all of their money but the second was taking a substantial hit. The second happened to be with countrywide. After 3 offers and about 2 weeks to get t he short sale approved we finally closed escrow in October it was relieffor me and the seller and he will not have a foreclosure on his credit and everyone is happy.  My second successfully closed short sale was in San Francisco, California. It was a condo that was valued at around $535,000 at the time of the listing agreement. After four months of nothing we definetly had to drop the price, and it took a total of 3 offers to get this closed. This was a big relief because the lender was New Century andduring the middle of one of my offers they said the loan was sold to a private lender, but it was a miswtake and it cost me a buyer because it took 3 weeks to find out they made a mistake. The condo finally sold for $485,000 in July 2007. For more information regarding how to legally represent an investor on a short sale feel free to contact me.  APPLY FOR A SHORT SELL BY CLICKING HERE     MLS SEARCH Fri, 16 Jul 2010 18:42:15 -0600