Short Sales and Approval Extensions
October 19, 2011 / /
http://shortsalepowerhour.com
Kevin and Fred are back today for a bit of discussion regarding approval extensions.
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
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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.
Great video- my fav when the letter expired a few days before it was issued, cracks me up every time I see it. Good point, once a letter is issued, it can be extended everytime in our experience as well =)
Ha ha.. gotta love the approval letter that is expired before you even get it.
ps- nice picture of that girls gross hair extensions… haha
I love the picture choice as well – we have a clever webmaster 🙂
Hello Kevin and Fred
First of all, thank you for your fantastic videos and for sharing your wealth of information.
I have had several extensions on a short sale, therefore I know for a fact what you are saying is absolutely true.
My question to you is, If my extension has expired and the buyer was unable to close will I have to start the short sale over again because I am replacing the buyer? This is what the current negotiator is telling me I have to do.
Anything heard from a negotiator should be held in question!
It’s really up to what you negotiate with the bank. They all have “policy” on what to do if a Buyer is lost but I can tell you that we never start back at “point A” – we always make sure the file is worked much quicker once we have a 2nd buyer.