Maintain The Right View with Short Sales

Short Sale Power Hour

We have all heard tales of files being lost and lenders not returning telephone calls. It is crucial to remember that the banks are inundated with short sale files and they are often doing the best that they can do. Here is an illustration of only 1 scenario that Brian Gubernick encountered with a popular bank. In calling this particular bank, Brian found that the staff member who was dealing with his folder had more than 300 files on his desk at the current time. The bank employee also was satisfied that he had achieved his best 30 days yet, closing 30 short sales. What does that tell you? Essentially, the lender is completing ten percent of their short sales. So, you better work hard as an agent to be one of the ten percent that get closed.
Trent Chapman has seen comparable results when he talks to lenders. There are between 300 and 500 folders per negotiator in most banks, while Trent does not permit his staff to keep more than fifty to 70 per person maximum. So, there is a real fear that the banks do not have the workers to deal with the short sale files that they are receiving.
In Kevin’s conversation with a manager at Citi, he discovered that the Citi negotiators carry anywhere from 330 to 350 folders. They begin receiving bonuses when they complete 30 or more files per month. So, they are just expected to make a verdict on ten percent of the folders in front of them. Check out the video to be told more.

http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.

Get powered up by Kevin and Fred at http://shortsalepowerhour.com/trent-chapman-brian-gubernick-short-sale-power-hour-03-10-10/ title=”Trent Chapman & Brian Gubernick”>Short Sale Power Hour by the Short Sale Specialists of Arizona