Do You Know How To Slow Down Your Short Sale Approval!
Many agents do it all the time and don't know that it is happening. Do Not Mail, FedEx, or Hand Deliver your Short Sale Package! I do not care how pretty it is or how much stuff you have in it, FAX it! That right fax it to the lender. Because of the volume that the lenders are doing they are utilizing high speed data imagining systems. This system takes the fax and converts it to a PDF then assigns the file to the correct loan number (loan numbers secret#2). If you mail the package it gets sent to the scanning department and someone else is going to fax your file to the imagining system. (I will bet you they don't care that much about keeping your file in order.) (order that's Secret #3)
I can hear it now, but my file is 128 pages! So! I have faxed short sale packages as large as 259 pages. This is how you get short sales closed Fast.
How do I know this? I have closed over 120 short sales and you learn as you go. So Fax them in! Until the next secret.
Sherman Smith & Associates