Short sales are supposed to be a win-win that gets the seller out of a tight spot, a buyer a good deal and the bank off the hook. But they can turn into a minefield of frustration for sellers, potential buyers, real estate agents and lenders. According to David Knight, vice president for Wells Fargo & Co.’s default and retention division, the key to a successful short sale is: “First thing is to contact your servicer and let them know you intend to sell.”
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