Sure you have! I believe everyone who posts on the Internet! No reason I shouldn’t believe you! LOL
As I said before, there are a lot of wannabes who just parrot what the “gurus” proclaim without ever actually having done a deal themselves. Easy to lie and masquarade on the Internet as an “expert” as long as you have a guru manual at your desk to read from as you post. But actually doing the deals is when you see reality.
Your funny. I have never been to anything teaching me short sales…I think you have if I read that right…not to brag…Ive closed more deals prolbably than you have in the last year this last 2 months…i don’t claim to be a GURU or something…I just like to help people…do you? why are you the one asking questions on here if you know so much about it…huh?? have you seen me ask questions on here??? NO… so quit the b.s…and start helping people…
Awfully defensive, aren’t you? I asked the original question since I don’t know the answer and am not too proud to admit it. My question isn’t one not answered by any of the typical “gurus” and not one they care to actively address. I’ve asked the help of one guru, Graham Treakle in NC, who is one of the few I do respect and he gave one of my offer packages to a staff member (a former loss mitigator hired by Graham to work his own short sales). I was told that my offer package was one of the best he’s seen but he’s still thinking about why the lenders won’t accept less than 100% of the BPO, in my area and situations anyway. I hope to get some insights before my present ongoing short sales go to auction.
I consider any further responses from you to be worthless and mere noise as you’ve done nothing but parrot what the less respectful short sale “gurus” teach over and over again just to sell their courses, and you sure haven’t “helped” at all. Very unhelpful for a person who “just likes to help people”. Now move on, little boy, and get a life. Do some deals for a change. Learn what happens in the real world instead of what you’re reading from that “guru” manual at your desk. As I type this in amusement, I’m on hold with Countrywide on another soon-to-be short sale attempt as the bankruptcy for this borrower was just dismissed and is now officially in pre-foreclosure.
I have done nothing but try to help. Your an idiot! Try my method…and again…I HAVE LEARNED FROM EXPERIENCE, NOT FROM SOMEONE ELSE…THANK YOU! SO QUIT YOU B.S. TALKING AND START CLOSING DEALS…AND DEALS? KID? ALL OF THESE COMMENTS YOU HAVE MADE ABOUT ME ARE CHILDISH…YOU ARE A GROWN MAN…NOT A KID…STOP WITH YOUR BS…I DON’T NEED YOUR HELP…OR ANYONES…I THINK I CAN HELP PEOPLE…I DON’T CARE WHAT YOU THINK ABOUT ME OR ANYONE ELSE ON HERE…I WAS JUST JUMPING IN THE DEFENSE OF THE PEOPLE YOUR TALKING ABOUT…AGAIN I DO NOT HAVE A GURU MANUEL OR HAVE BEEN TO ANY CLASS’S…YOU WANT TO HANG WITH THE PRO’S? START ACTING LIKE ONE…GENIUS!!
Folks,
Calm down.
No reason to have the blood pressure shoot up and
hit that Caps lock 
I think that unless we have some inside information on
the default related performace of a given bank and their
portfolio, it is hard to predict when we can get a great
deal.
Like i hear, Loss mitigators don’t care. Sometimes, the
3rd party ones are nice, but its their bigwigs that make
the decision.
On other instances, it is the Loss mitigation handled by
some attorneys office that are arrogant. HSBC in
particular. In other instances, the inhouse LMs again
are arrogant. Based on my experience with Accredited home loans.
When banks are motivated, they will call ya. This is
something i have seen. One another deal that i am
currently working on with a realtor, the bank is calling
her.
My guess is that, the best deal probably will happen
when a single bank holds the entire loan of 100% or
there is a mortgage insurance underwriter to it.
Well, keep trying. I don’t see a science to it.
Now, i have seen a post from “green queen” that a
second was unwilling to take less, but on conferencing
her mentor in, they accepted.
I was hoping to ask for those magic words.
Good luck folks
-Krish
Funny you mention that, Krish. One loss mitigator called me very upset at my offer. She asked why so low (just over $20K) and I said it needs close to $40K in repairs. She asked if I was willing to pay $600 for an inspection and BPO to postpone the sale date, and I said no unless I was sure I was going to get the deal. She said no guarantees, so I said I hope we can work a different deal later and she said ok then hung up. Five seconds later, she called back and said they would pay for the BPO and go from there. I met the broker and did all the “guru” stuff. In the end, this house went to sale, the bank took it back since nobody bid on it at the auction, and a deficiency judgment was slapped on the owner. This loss mitigator had told me I had to raise my offer $60K to get the deal. Hmmm, let’s see. ARV = $95,000, repairs = $40,000, and she would only approve the short sale if I coughed up $80,000? I don’t think so.
The homeowner had long since moved out and made it clear to me, but not to the lender, that he didn’t want the house. I’m just sorry the homeowner got hit with a deficiency judgment. I think I could have helped get him out of paying taxes from a 1099 if they had hit him with that instead.