

1,766,398
Not a word, but a phrase, "The buyers' attorney is..."
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Bob Crane
Stevens Point, WI
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Kathleen Daniels, Prob...
San Jose, CA
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Lyn Sims
Schaumburg, IL
2,235,596
1,019,748
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/
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Jessie Cochran
Panama City, FL
5,477,216
292,735
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...
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Nina Hollander, Broker
Charlotte, NC
3,346,783
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.
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Nina Hollander, Broker
Charlotte, NC
6,852,555
1,555,750
3,468,485
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.
5,642,516
No secret word. Depends on the level of intelligence the person at the bank has!
1,881,248
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.
921,504
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.'
3,075,301
Escalate to their "C" level executives. Want to know more? Send me an email through AR...
943,139
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.
4,845,211
3,417,775
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
4,322,995
Jackson Stieb - if the case is genuine, you do not need trigger words. Let the real hardship speak...
3,230,358