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I Don't Think You Want to Talk About Short Sales in Here
A client called me about his short sale on Friday, to talk about the chances of success our third time around with his bank and to thank me for continuing the fight for him. You see, sometimes banks say no, but they will say yes with the next offer. I think it depends on their menstrual cycle. Sometimes, buyers say no to a bank's request, but the next buyer says yes. This is why I never give up. As long as I can see the other side of the river bank, I'm swimming over there.
Speaking of water, I could hear what I thought was a faucet running while I was talking with this guy. But I was paying more attention to the numbers he tossed in my direction as possible seller contribution amounts than I was to superfluous background noise. We'd already received short sale approval on his property twice from the bank. The two approval amounts formed a wide gap from each other. The latest offer was pretty low, and our new strategy was to bridge that gap, rather than look for a new offer. After all, the bank was releasing the seller from personal liability.
Suddenly, I heard ... more

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