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19 Comments on short Sales
Don't know of any Jim, but I would encourage you to read a post I placed on AR recently on the effect of short sales to a seller. I know it is the popular thing at the moment to avoid foreclosure, but the results can be MORE devasting to a seller than a foreclosure. CLICK HERE to read and I hope the information will help you and your sellers that are in mortgage trouble.
I'been looking. . .
My last two short sales went to closing because I got involved. .
I have currently 8 short sales being negotiate by one of my staff. .and it looks like I will have to dive in to get it done!
Dont know them but my question is why would you want to give up the control... I know they are a pain in the a## but we get them closed by doing them ourselves. Everyone I talk with that farms them out ends up unhappy and takes them back...
I've known the owner of that company for 37 years and I can't think of anybody who I would trust more with my short sales! Of course, I am a little biased....
Timely post.
Jim
Well we'll all be an expert in this regard before long...
Jim. have you tried shortsaleexpress.com. I learned about this through one of Roger Butcher's seminar. I've never tried their service but I did attend the course.
Hi Tina, thanks for the advice, I have not tried them! I'm thinking Mark Ryan might be right, "why give up the control?"
Hi Jim: I handle my short sale listings myself. I recently had a BUYER short sale deal fall through, because the listing agent didn't know what he was doing and never even talked to the bank himself. He had hired someone to "handle" the details for him on his short sales...WHAT A JOKE! I was NOT impressed.
I feel your pain. Let us know if you get a great idea from the others
One shortsale company that seems to be doing quite well is Bigger Gains (BGS3). They are based in Kentucky. One nice thing with them is that they use SureClose transaction management software and they provide the agent with a login and password so the agent can view correspondence and status updates on the file.
Hello Jim,
Yes, I handle the short sale myself like many others. Seems like since half the work and phone calls you and seller do, you might as well follow thru. There is no easy cure out there but you might as well jump in and learn the process. Also, for all there follow up phone calls you make to a negotiator, wonder if its worth it. Good Luck
my two cents... do it your self and/or hire a team member to do it. All I hear are bad experiences with any of these companies...
Just human nature... they will work the easiest files first, just like the banks... if they have enough volume then the "hard" files are just not worth the effort...
Check into harris real estate university coaching and do it yourself...
yeah, i just closed one and it was just me and my wonderful escrow officer Lorie Bullard at Placer Title in Fairfield California. I can't see any short sale company doing anything different than what we did,
We closed an escrow after starting with our first offer in February!
Jim,
I can tell you that coaching and/or a company (without knowing all the facts) could have closed that deal a lot sooner then 7 months... that is a crazy long time...
Jim:
I guess I am a control freak, I would not be comfortable relying on someone else to do the job. How would you know all the little tiny details?
www.stopmfo.com
stopmyforeclosureonline.com
Get your free Ebook.
Currently my partner and I have nailed the system here in California. We have @40 deals together and are working toward 100 deals. We are mostly focused in Northern Bay Area, but have also set up deals in other states, hawaii, Indiana, Ohio, Georgia.
We are currrently closing deals April 2009. We are working on automating this system and if you are interested in working short sales together give us a call 707-398-4110.
If you are able to do ground work we will set this deal up for you to close. You can even use our title company and our real-estate agent/brokers, or we will help you in the process of filtering and working with an agent.
Remeber you dont have to be a lawyer to go to court. Just hire one to be on your side.
Dont try to master everything in this life other wise you will be all over the place.
www.stopmfo.com
Find more deals put these into the pipeline, find a buyer at below retail. and wait for the acceptance letter.
You find the buyer we split the deal 50/50.
We find the buyer 65/35.
We will make sure thier is enough room to pay back all the taxes and any other leins on the property.
707-398-4110
www.stopmyforeclosureonline.com
CALIFORNIA stops foreclosure
It has been over a year since this posting.
Many of the homeowners we had a file open with are now coming to a close.
Stoping foreclosure online has never been easier.
www.stopmyforeclosureonline.com
707-319-9222
AGENT BROKERS Welcome
HOMEOWNERS Thier is a very Strategic way out of this mess.
www.88me.info