2 Years, 800 phone calls, 900 faxes, 1200 e-mails and 6 Buyers later......

By
Services for Real Estate Pros with Ben Benita

 

OK, so I did NOT count all the calls and faxes (though we do track them online), BUT, today we FINALLY got approval on a NIGHTMARE B of A short sale (and we DID go through 6 Buyers).

Lessons learned:

1 - Never Ever Quit on your client - many times the client had had it, as had we, but, persistence gets it done

2 - Condo Fees - the Investor WILL pay them.  My negotiator said they would NOT pay any delinquent condo fees, that the Investor never pays condo fees in Virginia.  A few calls directly tot he Investor (circumventing B of A), and, condo fees are being PAID (If you want to see proof, email me at BBenita@Comcast.net).  My approval letter has more than $9600 in condo fees APPROVED on a $115,000 short sale

 

To All,

Remember this:

The people you deal with at the banks are called "negotiators" for a reason, hang in there.

 

If you need help with ANY of your short sales, please contact me (no charge for our processing and negotiation services)

My team of 15+ processors are some of the best in the industry, 90%+ closing ratio and all files are touched no less than twice per week......let us help you help more homeowners.

 

Sincerely,

Ben Benita                                                                                                                             

National Short Sale Negotiations Expert and Speaker

www.ShortSaleBeach.com

 Office – 703-754-7551                                                                         

 

Best Selling Author - "Are You More Likely To See Bigfoot Or A Short Sale Approval Letter?"

Available on www.Amazon.com

 

National Radio Guest and CBS Radio Co-Host

  

Publisher - "News From Short Sale Beach" - the Metro Area's leading newsletter for short sale stories, negotiation tips, and, monthly motivation, SIGN UP NOW at www.ShortSaleBeach.com

Comments (6)

June Piper-Brandon
Houwzer Inc - Baltimore, MD
Piecing Dreams One Home at a Time

Ben, Thanks for the encouragement with short sales.  I know they can be a challenge and you can't win them all but in the end there are some great deals to be had with short sales. 

Aug 08, 2012 01:42 AM
Bud & Beth McKinney
RE/MAX UNITED - Cary, NC
Cary/Raleigh/Apex NC - The Team That Cares, RE/MAX United

Congrats! Sounds like it was quite a process, but when you show persistance your clients pick up on the fact you won't give up on them and in return they will not give up on you!

Aug 08, 2012 01:43 AM
Lucas Taylor
Keller Williams Miami Beach - Miami Beach, FL
Thank you for the great education.  I learned so much from your post.
Aug 08, 2012 01:43 AM
Stephanie Lim
Ponte Vedra Beach, FL

Congratulations, Ben!  I've had my own B of A nightmare going on as well, I'd be interested to know if it is the same investor.  Glad to hear this one worked out in the end!  :-)

Aug 16, 2012 12:30 AM
Ben Benita
Ben Benita - Gainesville, VA
Speaker, Author, Game Changer, Coach

Hi stephanie,

Just saw that you are local, thanks for posting......

Send me an e-mail - BBenita@comcast.net so we can talk about working together (and hopefully I can help you get through your B of A nightmare)!!!!

Thanks (and we can help ANYONE across the country)

Sincerely,

Ben Benita

www.ShortSaleBeach.com

ATC Financial

Aug 16, 2012 01:54 AM
Artie & Paulina Stowell
Century 21 New Millennium - Haymarket, VA

Great job Ben! I know we will all be soooo happy on Thursday morning after we FINALLY go to closing on this condo!!!! Thanks for your hard work!

Sep 04, 2012 11:54 AM