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How Much Time Do You Spend On A Short Sale File?
Hi folks. One of the biggest myths with Short sales is that it takes a lot of time to work them. I have been asked numerous times why I don't outsource my files and use a 3rd party negotiator instead of handling the process myself.
Well it's simple........I enjoy working short sales!! I like doing paperwork and I love negotiating with the lenders. Short sales fit my skill set perfectly.
Time wise I spend about 30 minutes per week per file unless I have something out of the ordinary going on. I can handle about 35 files without too much of an issue and I handle ALL of it. The most time is spent at time of listing during document collection. After the property is under contract I follow up with the lenders once a week and preferably by email if able.
My sellers are updated simply by copying them on all correspondence. The buyer's side get's a weekly update via email.If I ever reach the point where I can't do it myself the first thing I would do is hire a virtual assistance to do the paperwork. I would still want ot be in charge of the entire process ... more

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