Promissory Notes From The Servicer? Really?
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.
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.
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.