I'm going to pat myself on the back. I've earned it the hard way. Short Sales! I just made Short Sale Centurion! 100 short sale LISTINGS sold and still have a 100% success rate (National avgas. 30%). I cannot do better than that. Of course, to sell 100 short sales require 250 lender/investor/MI company approvals because homes have to be resold 2.5 times before we can get one to the closing table. In the last 60 days, I've close three short sales that took over two-years. The key to success is persistence, knowledge and experience. It pays off the read the HAFA Manual too. We sell the homes 2.5 times over because of buyer frustration and tire of the long waits to know if they are going to be home owners and walk and/or we are getting a lot of bad pre approval letters from lazy or inexperienced mortgage loan officers who are not properly qualifying the buyers before writing pre approval letters. Most of the culprits are with the major lenders. On another note...Help! I have 70 closed and pending this year and everything I've listed I've sold! I am out of business and need your help. I handle regular sales, short sales, condos, vacant land, businesses and small commercial from West Palm to Homestead. If you know anyone selling I pay a 30% referral fee and your referral is money in the bank. Please contact me at 954-605-8427 or www.EdGoldfarbRealEstate.com (underwater home owners click on "Foreclosure Alternative". Thank you.
Congratulations on both accomplishments! And thank you for your service to our nation!
Question from a former Marine to a former Navy pilot: Between the carrier landings and the short sales, which ones were the most stressful?
I would like to thank all of you all for your kind words. To answer Doug's question, from a former Marine to a former Navy pilot (FYI, the only difference between a Marine pilot and Navy is the uniform). Short sale are definitely much more stressful and difficult. I'd rather launch into a thunderstorm with a partially cold cat shot in 60' seas with just enough speed to fly if I carefully nurse her along in ground effect, be struck by lightning, have to rendezvous with hydraulic failure, then have a night plug (in air refueling) in sever turbulence, lose TACAN, have three wave offs two bolters and finally a one wire. Hope that answers your question. I flew A4's how 'bout you?
Somehow I knew that would be your answer. In the military, we all work as a team and do our part to accomplish the mission. In a short sale, the bank seems to be working against everyone at all times. No one wants to take responsibility, there is no urgency and no consequence if they fail.
The first 100 carrier launches and recoveries were a great accomplishment but the first 100 short sales definitely had the odds against you. Congratulations on both.
The way most servicers and investors handle short sale smacks of them NOT wanting them to work as only 20-30% close on a National basis. I had a negotiator tell me 60 - 70% of his deals fall out. When I have to resell homes over and over before a buyer hangs around long enough, not to mention all the other obstacles we have to overcome to get a deal to the closing table is nothing less than abusive. The lenders and investors hyper-greed is directly responsible for creating this mess. They were making billions or is it a trillion or more in loans and all the time knew they would never be paid back. In doing so they sold America out. Their Ponzi Scheme has long since ended and now it has come time to "pay the Piper". IT IS THEIR RESPONSIBILITY TO STOP F'ING AROUND AND CLEAN IT UP THEIR MESS!!!!!!!!!!!!!!!!!!!!

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