Take Authority Of Short Sales – Winning Every Time
March 2, 2012 / /
http://shortsalepowerhour.com
Fred and Kevin discuss the ridiculous message that bank executives are telling real estate agents.
HOW TO CLOSE AT LEAST 3 DEALS IN THE NEXT 90 DAYS
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HOW TO CLOSE AT LEAST 3 DEALS IN YOUR NEXT 90 DAYS
Get instant access to our online masterclass to learn the simple steps.
About the Authors
Kevin Kauffman & Fred Weaver
Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
Thanks guys, I needed that. One of my short sales went to trustee sale today, first one in a long time that didn’t go through, and I pulled out all the outback tricks I had. Fannie Mae wanted an $8k cash contribution from our client and wouldn’t postpone the trustee sale unless he agreed to do so. It felt like a ransom request. This was his first sale date, no postponements. Do you think Fannie Mae may be shifting their strategy with our low inventory levels? This one had an unreasonably high credit bid for trustee sale. It appears that they want to take them back as REO’s so they can get many offers and bid them up. I guess that’s a good way to boost the recovery, although it seems counter-productive for the struggling homeowners trying to short sale.
I do think the market has an impact on some of Fannie’s strategies (and other investors), however, I still think we’ve seen they want to do more short sales based on their actions.
Glad you enjoyed it Paula!
You couldn’t summarize the purpose of short sales any better. If you truly believe that “everbody wins if I get this short sale closed”, then you will go “the extra mile” to get it done.