http://kevinandfred.com/
Kevin and Fred discuss a rarity in the short sale business, promissory note requests from the servicer. They're also offering a discount on their Short Sales Uncensored Class. To take advantage of that 25% discount, use the discount code HHC4610.
Guys believe it or not, I have called on many Short Sales for a buyer recently and when asking more info, the listing agent reveals the seller is contributing cash. That’s why the banks keep asking. Just say NO to Cash Contributions & Promissory Notes!
Exactly. Just say NO!
good information, if you push back on the contribution it tacks on a week or so but it works! Thanks! I like the new look.
Thanks for the feedback Shannon!
Where are you guys setting up shop in So. Cal??
Hey JB – we’re likely setting up shop with the Keller Williams office in Chula Vista for starters (until they open the KW Mission Valley office).
How many lenders are applying this tactic? I havent run into it yet.
Couldn’t give you a number but a fair amount for sure!
I’ve been saying no to a 5% (from the sales price) seller contribution to Green Tree but they keep telling me “we’d rather foreclose”
Wes = “Jackrod” Love it! These get better and better every week.