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The Phantom Short Sale Buyer - Do You Believe in Ghosts??
So you get a call from a frantic homeowner who you have been marketing to. She waits till the last minute to contact you and ask for your help as her home will be auctioned off at a Trustee's sale next week. Assume that you exhausted all your options, such as using your investor contacts AND your client has no money to file for Chapter 13 Bankruptcy to stall the foreclosure. Let's also assume you feel like you can get a 200k offer on a short sale and (23 comments)
Dear Southern California short sale agents. Have you obtained a short sale listing in which your clients will not: 1. Clean up their home? 2. Be flexible on showings? 3. Allow lockboxes or signs? 4. seem reasonable to you? Well then, please do the right thing and refer them to an agent who knows what they are doing. One that understands the mentality of someone who is in a foreclosure situation.
Dear Southern California Short Sale Owners. Don't hire the wrong agent to (6 comments)
I've been doing short sales for close to four years. I've come across some debates with other agents who discredit my stance based on the fact that they are a Certified Distressed Property Expert and I am not. When confronted by my arguements, they are usually quick to whip out their CDPE credentials. Am I supposed to be impressed by the fact they sat at a training room for a few hours/days and some schmuck printed them out a piece of paper that carries no weight or value in the world of short sales? (28 comments)
If you haven't seen this blog, let me give you a brief synopsis. The author expresses frustration on buyers who submit multiple offers on REO properties. The purpose of this reblog is to state that buyers can and should submit multiple offers on REOs and here is why: Every bank REO that you submit a purchase contract on will be countered and/or addendums will be given to your clients. Once this happens, your purchase contract becomes null. At that point your buyers can walk away if they want to. In the extreme rare cases which your offer gets accepted and (8 comments)
So the story goes... It's a busy Monday morning. I get a call from one of my buyers. He's excited, a new listing came on the MLS and he tells me that it is listed very low and he wants to see it TODAY! I said that I will look into it and call him back. The listing is a condo that is located on a four level complex next to Irvine Valley College and there is no view. So basically every unit will be relatively the (14 comments)
I've been on Activerain for a couple of years. During my time here, I have run into a lot of short sale hacks. Some of these proclaimed agents make ignorant or illogical comments. Then you have the ones that make asinine blog posts that get featured that do no justice to the world of short sales. Now, luckily, for those short sale agents that really do know their stuff, they do sometimes get featured. Very rarely does it happen, but a miracle does happen on Activerain time to time! ;) Anyway, back to (2 comments)
I love ActiveRain. It's a great community to learn, debate topics, build relationships and generate business. Because of ActiveRain, I have become a better short sale broker through the knowledge and experience of others in my line of work. Because of the comments I made on one public blog, I was contacted by someone in my area for a short sale opportunity which will earn my company a commission check over $25,000 (details in which I will blog about when the transaction closes). Just remember, there is a lot of different personalities (9 comments)
Sally & David Hanson wrote a great blog about short sale marketing. You can read it by clicking here!
Very interesting blog about marketing your short sale listing. Obviously, Sally and David Hanson made very good points about their opinion as to why an agent should market the property. Their main point is that regardless if this is a short sale or a retail listing, an agent should put together a marketing plan to try to sell the property. I, on the other hand, (6 comments)
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.