Sherman Smith Successful Short Sale Secrets (Secret #1)

By
Real Estate Agent with Sherman Smith & Associates 00682119

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

Sherman Smith & Associates

Sherman@shermansmith.com

(714) 544-5445

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Rainmaker
347,278
Pat O'Reilly
RE/MAX..214-289-6176 Irving and all of Dallas Fort Worth - Irving, TX

Interesting..thanks for the tip

Jun 05, 2009 02:27 PM #1
Rainmaker
1,082,280
Sharon Alters
Coldwell Banker Vanguard Realty - 904-673-2308 - Fleming Island, FL
Realtor - Homes for Sale Fleming Island FL

Thanks, Sherman. We have always faxed ours because that's what they say to do.

Sharon

Jun 06, 2009 05:37 PM #2
Rainmaker
312,450
John Occhi
Mason Real Estate - Temecula, CA
SRES,CPRES.ePRO - Temecula-Murrieta CA Real Estate

Thanks for this - I was actually planning on putting together a nice binder for my first short sale in over 2 years.  I was an early pioneer back in the Spring of 2007 with Short Sales (search me on AR).  Then I got into REO's and pretty much ignored the Short Sales - well times are slow and I am now picking up short Sales again - so applying the old ways to the ways of today...I know they have changed dramitically, so I really do appreciate your wisdom.

John

Dec 09, 2009 04:13 PM #3
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Rainer
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Sherman Smith

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