Banks Have the Hardship
May 12, 2010 / /
Fred Weaver of Group 46:10 talk about the hardship of the bank.
That’s right – the banks hardship.
Remember the bank is loosing money not the homeowner.
At the end of the day – it’s about savings over foreclosure.
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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.
Never did prefer the color gray.
Agree. Been saying that since the beginning pertaining to the oftimes difficulty of getting a short sale approved when the homeowner is not in default. The bank was not experiencing a hardship so file was relegated to second drawer.
Much easier now, as the banks are clued into “the business decision”.
Mitigate the loss sooner rather than later saves the bank money. Money is the name of the game.
Good job.
GREAT perspective guys! Thanks for sharing… loved the added voice overs too – perhaps this could be utilized for subliminal messaging in future episodes!
LOL…thanks for the idea Erik…I like it =)
Nice. Someone needs to send this to Obama.
EK, great idea!
Good stuff, and very relevant. Savings over foreclosure! I wonder if we should start requesting hardship paragraphs from the loss mitigators and SVPs??? 🙂
You have to check out this blog post
http://mandelman.ml-implode.com/2010/05/freddie-mac-has-a-message-for-strategic-defaulters-yeah-well-i-have-a-message-for-freddie-mac/
@short sales – well said dude…relegated to the 2nd drawer. So true!