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Calling short sale lenders: can you answer the $100,000 question?
Coaching
Disputing a property’s value in a short sale: turn a no into a go
During a short sale, there may be various obstacles, with misaligned property values ranking near the top, but it doesn’t have to be a dealbreaker!
Coaching
Short sale standoffs: how to avoid getting hit
The short sale process can feel a lot like a wild west standoff, but there are ways to come out victorious, so let’s talk about those methods:
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Short sale approval letters don’t arrive in the blink of an eye
Short sale approval letters may look like they’ve been obtained simply by experts, but it takes time and doesn’t just happen with luck.
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Sheila Rasak
August 3, 2010 at 10:16 am
Looks like a typical day in the life of a Realtor (sans slang). I typically use all my come backs as soon as the handset is placed on the cradle. These short sales are proving to be a battle of the wills. Even finding your negotiator weeks after the package has been submitted can feel like winning the lottery… then try to collect.
Benn Rosales
August 3, 2010 at 12:29 pm
lol I’m sorry, I don’t mean to laugh, but professional and human is a very fine line. People get frustrated. You lived to tell about it, and so did the operator- maybe you should let them fly more often AND have all of the numbers at the same time. Two birds, one stone. 🙂
Jason Improta - Calabasas Homes for Sale
August 3, 2010 at 2:22 pm
We typically nice them to death and it works for the most part but I have heard many associates who gain traction with expletives and anger. Guess we will use it if we have to. Sure want to sometimes 🙂
Zipporah
August 3, 2010 at 4:50 pm
Sometimes frustration takes over and you have to give in a little bit. Sounds like it would be hard to keep one’s cool in that situation. No point in beating yourself up over one incident. Sounds like you recognize it might not have been the best approach, and that’s all you can do. Oftentimes if I’m frustrated on a call dealing with someone who has no idea what I’m talking about I will get angry and remind them “I’m not mad at you, but at the situation I’m dealing with here,” and then they usually sympathize.
Nadina Cole-Potter
August 3, 2010 at 11:53 pm
From what I have heard, verbal information from the lenders’ reps is not reliable. In Arizona we can check with the foreclosure trustee. In our county, we can also access the Recorder’s records to see the Notice of Trustee Sale online. It is usually reliable unless the sale is postponed temporarily. I suppose if no trustee sale is scheduled, then there isn’t a trustee either.
Trust but verify.
John Horne
August 4, 2010 at 5:08 pm
Calling short sale lenders: can you answer the $100,000 question? https://bit.ly/aW4yoJ