Positioning Yourself For Success
The topic of the day revolves around the significance of the first 30 days. As we’ve declared earlier, short sales are won or lost in the first thirty days. It is plainly not reasonable to think that you can hold a buyer in a transaction for six months. It just will not happen. That is why getting things completed as swiftly as possible is critical.
To be honest, a short sale could be concluded in 3 days if the banks had a structure in place to deal with short sales. Keep in mind that if you show the lender that there is an necessity to close a short sale, they will comprehend that you may ultimately escalate the procedure and perform in a more timely manner. Still, it is important to note that people inside the bank dealing with your files are conducting 500 to 1,000 files at any given time. So, you have to find some way to get your folder approved through all of the rest in thirty days.
All of this is where pre escalation comes into play. When you find out who is handling the folder, find out who that person answers to. In this way, if you have a crisis, you have left yourself the alternative of moving up the ladder. It is viable to get the contact information of the negotiator, their controller, the lender manager, the vice president, and the president all in the 1st phone call. This is where playing detective becomes mega vital.
So, when you run out of options at one stage, you can robotically shift to the next level. With Group 4610, if they do not have a BPO value, they do not advance the file. They stick to the identical rule with contact information. If they don’t have that contact information, they will not advance the file. Basically, you should try to put yourself in the best circumstances possible when you are moving in the course of the short sale process.
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/pre-escalation-short-sale-power-hour-02-11-10/ title=”Pre Escalation”>Short Sale Power Hour by the Short Sale Specialists of Arizona
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