We think we’ve unlocked the secret to actually achieving success and making money with short sales! I’ve worked hard all year on a variety of “Short Sales” with a variety of circumstances and a huge variety of lenders.
After 6 full months of diligently pursuing the listings, contacting the lenders, presenting the offers, thousands and thousands of pages of faxed and re-faxed contracts, and following through with the escrows: these are the final results … ( Drum Roll Please!!!)
7 Short Sale Listings.
11 Offers to Purchase.
8 Accepted Offers that were submitted to Lenders.
10 Different ‘Negotiators” or “Loss Mitigators” or what ever else they call themselves.
5 Frustrated Buyers who walked after the time for Lender approval had come and gone, usually weeks and weeks after the approval time had expired..
2 Contracts still pending that we are trying to obtain “Lender Approval” on and close.
And …
1 (count it … ONE) Closed Escrow!
So … after considerable reflection on the matter … We have come to the conclusion that the success stories surrounding “Short Sales”, are the agents who are teaching and selling the “How To Make Money with Short Sale” Classes.
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1 comment:
Those are very impressive numbers. It sounds like you have it down to a science.
Jonathan Christopher of Short Sale Way
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