Wow, 3 so far this week. I love the idea of the deals I now have in my pipeline as long as I can get them to close! I highly encourage all who take on these tedious listings to get the education and knowledge needed to bring them to the closing table. Make sure your buyers agents know how the handle their buyers too. They can really kill the deal!
Sometimes I wonder if it wasn't just that heads up penny I found earlier this week.............
Good Luck and much success short selling!!!!
Hey Folks!
Just wanted to post a little feedback about Freddie Mac. I currently am working on a short sale submitted to Bank of America. Well, the investor is Freddie Mac and we are currently waiting on their approval.
After waiting over 30 days for that to happen, I finally broke down and called Freddie! I was not on hold forever, and the customer rep was very nice and understanding. I am supposed to get an update in the next 48 hours. I will post my experience about that later.
This is just a little post I wanted to share. I will add their phone number later. I encourage agents to contact Freddie Mac or Fannie Mae about the files being reviewed. Maybe we could push the short sales through a lot quicker and our Buyers wouldn't be walking!!!
Blog ya later!
Over the past year, my area of expertise has been concentrating on the "short sale" or pre-foreclosure properties. I list them, then try and help the sellers avoid foreclosure by negotiating a short sale with their lender.
I hear many many times that agents "avoid" showing their clients these listings because they either have had a negative experience, or they just don't know enough about short sales to feel confident that they are looking out for their clients best interests.
I will tell you this, if you are working with buyers who want that deal, and ultimately have to show short sale listings, make sure that listing agent knows what they are doing! Call them up and interview them! Ask them how many successful short sales they have negotiated. What is their track record etc. There is no reason they shouldn't cooperate and understand your concerns. I have agents at my office who come to me EVERY DAY and tell me their horror stories. Asking me what I would do in their situation.
Folks, there is no quick fix, just at least educate yourself about the process and that knowledge alone will help.
If you want a hassle free transaction, just show my listings! ;-)
Happy Labor Day to all!
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