Suggestions for Expediting Short Sales
Putting together a team can make selling short sale homes profitable, says Jason Baker, whose business ShortSaleSuccessInc.com specializes in helping practitioners manage short sales.
Baker says the biggest mistakes practitioners make in processing a short sale include failing to check bank guidelines, low-balling the offer, and neglecting to follow up. He urges practitioners to assemble a team of bank underwriters, escrow officers, BPO specialists, and processors who are motivated and who can be counted on to respond.
He also urges practitioners to make sure that the package of information they submit is carefully prepared and complete. “I have seen firsthand that most of the frustration that can be attributed to the short-sale stigma is self-inflicted and can be avoided. If the file is complete, organized, and you follow the proper steps, you can ensure short sale success,” he says.
Source: RISMedia, Jason Baker (12/30/2009)
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