Things Need To Change In The Short Sale Industry

Short Sale Power Hour

We are essentially asking for the audience to bring some ideas to the table today. We would like the spectators of Short Sale Power Hour to give us some indication as to what scares you most in the short sale business. Furthermore, what would you love to see altered right now to help the short sale procedure?

Fred would like to see the government put into motion uniform deficiency laws across all 50 states. Someplace, you could find a way to deal with the deficiency language so that realtors know what they are doing for their customers.

Kevin would love to see the assessment process of the short sale become standardized. Basically, everybody should share their figures. If everyone shared the facts, this doesn’t become such a guessing game for most agents. The BPO is a big secret right now, but why is it a huge secret? It would be nice if the bank would share the BPO and the realtor could share his information with the bank as well.

So, that is it. Those are Kevin and Fred’s thoughts, just off the top of their skull. Let’s see what the rest of the short sale planet has to offer. What do you think? Put your remarks below.

Also, don’t forget that Group 4610 will be having a Crush It short sales class in Maryland and Florida in October. Check it out or get signed up on the events page at shortsalepowerhour.com. It is simply the most informative class you can possibly find regarding the challenges and execution of the short sale business. And the best part, it’s taught by two guys that have been in the trenches, completing short sales.

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