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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: Real Estate Agents make poor short sale negotiators Posted by Rachel on April 16, 2008 at 4:37 PM In Reply to: Real Estate Agents make poor short sale negotiators posted by CC in OC on April 16, 2008 at 12:34 AM : Which is why the bank pays me to do it for them. : Here's the way it works, folks: : 1. Lenders don't negotiate short sales with homeowners unless the homeowner has an end buyer in place. : 2. The homeowner must be behind in payments before the lender will begin negotiations. : 3. The lender won't approve a short sale unless and until there's a new buyer for the property. : 4. Real estate agents who take listings and expect the lender to approve a short sale without an end buyer standing by will fail miserably at short sales. : 5. The lender will pay a short sale negotiator's fee provided that the real estate agent doesn't expect a full 6% commission. : I've been doing short sale negotiating for several months now, and this is the way it works at this time. Hi CC, Everything you state is true, however I fail to see how it makes RE Agents poor SS negotiators. Thanks for clarifying, Rachel Follow Ups: Re: Real Estate Agents make poor short sale negotiators CC in OC 7:21 PM, 04/16/08 (0) Post a Followup: Name : E-Mail : Subject : Comments: : : Which is why the bank pays me to do it for them. : : Here's the way it works, folks: : : 1. Lenders don't negotiate short sales with homeowners unless the homeowner has an end buyer in place. : : 2. The homeowner must be behind in payments before the lender will begin negotiations. : : 3. The lender won't approve a short sale unless and until there's a new buyer for the property. : : 4. Real estate agents who take listings and expect the lender to approve a short sale without an end buyer standing by will fail miserably at short sales. : : 5. The lender will pay a short sale negotiator's fee provided that the real estate agent doesn't expect a full 6% commission. : : I've been doing short sale negotiating for several months now, and this is the way it works at this time. : : Hi CC, : Everything you state is true, however I fail to see how it makes RE Agents poor SS negotiators. : Thanks for clarifying, : Rachel [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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