Jackson Stieb, eXp Reality (eXp Reality)

Spam prevention
Rainmaker
1,636,242
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Lend Smart Mortgage, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Not a word, but a phrase, "The buyers' attorney is..."

May 03, 2016 09:39 PM
Rainmaker
1,879,335
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Not really

May 03, 2016 09:45 PM
Rainmaker
916,373
Jennifer Mackay
Counts Real Estate Group, Inc. - Panama City, FL
Your Bay County Florida Realtor 850.774.6582

The secret for me - a SS negotiator!

It takes way too much of my time to deal with these. so I hire someone and have the buyer pay their fee/

May 03, 2016 09:38 PM
Rainmaker
4,064,122
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Sorry, don't know of one.

May 03, 2016 09:10 PM
Rainmaker
292,535
Jack Lewitz
Exit Strategy Realty - Evanston, IL

You should call the bank together with your seller and ask them if a short sale is an option. I just had a conversation with one bank representative who said his bank has now decided to foreclose on loans that are deficient and no longer want to do short sales. With inventory so low and prices rising they make more money doing foreclosures? Good luck...

May 03, 2016 09:09 PM
Rainmaker
3,333,845
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

It sounds as though there is a lack of experience in handling short sales...Why were the offers "not accepted" ...were the countered ...was the information incomplete...were the Sellers really not distressed ? From our experience...having closed hundreds...no bank refuses a short sale...they may counter the price.

May 03, 2016 04:00 PM
Ambassador
5,366,352
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Norms solution works for many things.

Jun 10, 2017 11:17 PM
Rainmaker
1,381,523
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

No trigger words.  You can't pressure them and you can't negotiate.

May 04, 2016 03:23 AM
Ambassador
3,038,566
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

No trigger words.  The banks do what they want when they want it. Persistence is the name of the game.  Re the commission ... good luck with that. I've had many cut mine ... indicating they need to meet their NPV. All bull shit to me.  They screw the hard-working agents that are helping them as they could not do it without us.  Banks are not licensed to sell real estate nor do they want to ... that is not their business. 

May 04, 2016 02:39 AM
Rainmaker
4,166,296
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

No secret word. Depends on the level of intelligence the person at the bank has!

May 04, 2016 01:08 AM
Rainmaker
1,717,254
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

I don't understand your post. No, the bank doesn't have to accept a short sale but the gov says they have to proceed in a certain way & it's been established for a few years now.

May 04, 2016 12:09 AM
Rainmaker
883,287
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

Short Sales.

The issue is there are simply too many things taking place behind the curtain for a magic word to be effective at the end of the line, which is the loss mitigation official.

Get together with your investors and fish further upstream, where all the behind the curtain stuff is. 

Then the story is "Let me take this problem off your hands.'

May 03, 2016 11:02 PM
Rainmaker
3,069,934
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Escalate to their "C" level executives.  Want to know more?  Send me an email through AR...

May 03, 2016 10:36 PM
Rainmaker
6,553,924
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

No.

May 03, 2016 10:25 PM
Rainmaker
846,420
Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

Each bank is different, and you need to know up front what the maximum commission is that they pay. Many decisions are made by the investor, not the servicer. You need to follow the rules and guidelines for each bank. Most have instructions on their website these days. Many times you can get a stay of foreclosure, but it's good to have a contract, attorney, and even a debt counselor involved. Too many factors involved to cover them all here.

May 03, 2016 10:25 PM
Rainmaker
4,065,750
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

I likely woudn't ever use the word "trigger" and "banks" together.  

May 03, 2016 10:14 PM
Rainmaker
3,322,796
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

The secret is having a negotiator that knows what they are doing. Not anyone can just call a bank and think they are a negotiator. The banks do not have to accept a short sale, they dont want to and only lose money. The seller has to fit their qualifiections first off to even do a short sale. The property has to be upside down and sold at what the current market value is. Banks wont take less theses days. Next is daily, yes daily calls and emails, every day of the week. As far as commission, they tell you what they will pay, you dont tell them and lastly, the days of underpriced short sales are long done

May 03, 2016 10:04 PM
Ambassador
4,312,753
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Jackson Stieb - if the case is genuine, you do not need trigger words. Let the real hardship speak...

May 03, 2016 03:52 PM
Ambassador
3,035,150
Tammy Lankford,
Lane Realty Eatonton, GA Lake Sinclair, Milledgeville, 706-485-9668 - Eatonton, GA
Broker GA Lake Sinclair/Eatonton/Milledgeville

sellers having a legimate hardship has been key in my successes

May 03, 2016 03:23 PM