SME’s = (subject matter expert)
Fill in the blanks:
To make your mark in the short sale industry of real estate one must
be/have _____________________ because
______________________.
I’m currently an IT professional getting ready to dive into this arena. My husband and I do have rental propery (3 rentals) and due to the current flux of the real estate I see Short sales as the way to go.
What say you to the above?
Thanks
LT
To make your mark in the short sale industry of real estate one must
be/have Negotiating skills___ because
You’ll be selling your idea to the bank on why it is in their best interest to short sale and not end up with a reo____.
Have all of your ducks in a row before you just go wandering into the loss mitigation department and throwing your weight around. Ask the person if they’re the one who will be making the decision. If they’re not in that position to do so, find the person who will be. Try to cut the middle man out. Obtain a written letter from the home owner explaining their financial hardship and why they cannot conceivably pay their mortgage anymore. There are some excellent free audio books on this site that will explain how to talk to banks and the whole short sale process in general.
Link please.