Short sales and some experiences

Real Estate Agent with Exit Realty Talbot and Company, Inc

I have realized after doing many a short-sale that alot of agents don't like doing them because of the time and effort they take. I have come to learn from 2 of my short-sales, that persisitance is all that is needed. I have had 2 short-sales that have lasted more than 120 days. One of them still hasn't settled, but is going to. I learned that sometimes as buyer's agents we have to call the 3rd party lender ourselves to get action. You might ask how is this possible if we don't have permission from the seller to talk to them? You can get permission. This doesn't always help. So another idea I have come up with is to get all the information I can from the listing agent, call the 3rd party lender, then tell them the reason for my call. BE PERSISTANT!!! Eventually, you will find someone, who will put you in touch with someone who can get results. Alot of times, all I did was ask to speak to the President's office and I got transferred. These companies are so overwhelemed that they have people designated to help us. They don't want these properties to goto Foreclosure because of the money it costs them. From these experiences I have accumulated some names and numbers for people in President's offices that can help in getting your short-sale expedited. Please contact me if you would like this information. Also, this is my first blog, so I hope it is helpful. thanks.



Comments (17)

April Hayden-Munson
Brookfield, WI
Brookfield Wisconsin Real Estate

Hi Ned, I just put up a blog on whether or not to take on a short sale listing.  Your experience of persistence works gives me more hope for a possible closing.  Thank you.  I will find out what banks I will be working with and check with you to see if you have any numbers that may help me.

Sep 05, 2008 05:43 AM
April Hayden-Munson
Brookfield, WI
Brookfield Wisconsin Real Estate

Oh I forgot to WELCOME you!! Welcome to Active Rain, this network is great.  Be sure to read the guidelines and check out the groups to join.  ONe I particularly like is "Whacked" - tell Richard I sent you.  Happy blogging.

Sep 05, 2008 05:44 AM
Dwayne West
Atlanta Real Estate - Canton, GA
Canton Georgia Real Estate

Welcome to the Active Rain community. You have chosen a great site with tons of information you can learn from.

Sep 05, 2008 06:15 AM
Todd Clark - Retired
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

As someone who also deals with shortsales you are correct, patience and persistance is the key!

Great first post and welcome to the rain,

Todd Clark, Helping Families Home -

Sep 05, 2008 07:11 AM
Breanna Ochoa
Metro Realty Partners - Houston, TX
Realtor - Houston, Sugar Land, Pearland

Welcome to Activerain! Congratulations on starting your blog. Keep up the good work. It is a great way to meet peers and gain new clients.

Sep 05, 2008 08:54 AM
Scott Magaw
The Bill Kennedy Team - Keller Williams Realty - Spartanburg, SC

Welcome to active rain! By joining our community, you have made a great choice, and a very profitable choice. This is a great site for learning as well as sharing. Check out some blogs, join some groups, and enjoy! -- Scott

Sep 05, 2008 03:36 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Ned,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to you!



Sep 05, 2008 04:49 PM
George Sanchez
California Housing Realty - Corona, CA

Short Sales.....what a drama.  I am not afraid of them and have done a couple myself from a buyer side and seller side.  But you are correct, persistance, patience and composure will get you through your deals.  I try my best to only show foreclosures and will show a short sale as a last option or if a clien brings it to my attention.  Welcome and good luck.

Sep 05, 2008 05:17 PM
Ron Martin
Keller Williams Realty - Spartanburg, SC
Ron Martin Team

Good morning & welcome to Active Rain, You have joined an excellent site to receive free marketing, absorb more information from others, share ideas.  Be a blogger and have fun. If you have any clients moving to the Greenville, Spartanburg, & Anderson South Carolina area we are your team. We are on all three MLS. Great blog!  Keep it up. Again Welcome!!

Sep 05, 2008 11:27 PM
Nance Burdette
Keller Williams Realty Partners - Spartanburg, SC

Congratulations...and Welcome on signing as a new member of ActiveRain. Being a new member myself going on my fourth week and only posting a few blogs so far, I truly see the awsome advantage that this truly can be; (and it's fun) and only the beginning of a healthy and wealthy relationship of abundant professionals. Everyone has been so very kind. And so much to read!!! Hope to see your blogs in the future.   Best of Luck to all of us,  Nance

Sep 06, 2008 12:08 AM
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi and welcome to Active Rain, a great site to network, share, learn and have fun.

Good Luck...

Sep 06, 2008 01:36 PM
Steve Vennemann-Hennepin-Dakota-Anoka contract for deed property-Ramsey-MN
BoardWalk Premier Realty INC - White Bear Lake, MN


On behalf Http://  we are happy you became a member of action rain and we wanted to welcome you to . It is a very good site to learn and network.


Sep 06, 2008 01:45 PM
Peg Gilliland
Charlottesville Solutions - Charlottesville, VA
Broker, GRI, CDPE

I see that you are new to Active Rain and I just wanted to welcome you. I hope that you enjoy it as much as I do and that you find it a great resource.

Sep 07, 2008 10:51 AM
Sasha Miletic - Windsor Real Estate
RE/MAX Preferred Realty Ltd. - Windsor, ON

Hi Ned, Welcome to AR, Be a Blogholic and start writing your own blog soon on AR. All the best for your RE business. This is the right place for customers, friends, realtionships etc.

Best - Sash 

PS: FREE blog traffic strategy video...Hope this will help you... click here

Sep 11, 2008 12:33 AM
Glen Russell


Great Blog, really interesting posts. Keep it up!

Oct 02, 2008 01:11 AM
Neal Barnes
Starstate Realty - Killeen, TX

Hi Ned - Welcome to ActiveRain.  I look forward to networking with you and reading your future post.  Have a great day!!!

Jan 27, 2009 04:38 PM