Top 5 Reasons Why Short Sales Crash

by Dave on November 13, 2009

Buying a short sale can be very lucrative. However, the process is very challenging. It is important to know why most of these transactions fail.

{ 9 comments… read them below or add one }

Anonymous 11.13.09 at 11:13 am: BPOs are not 250!! they are from 50-100
Anonymous 11.13.09 at 11:13 am: Send that letter to the CFO CEO PRES VP of the 2nd company asking them to make a good business decision. You can only do this one time and if it’s a fair offer but why work on a short sale the 2nd is not going to let close. I have never not had this work yet.
Anonymous 11.13.09 at 11:13 am: How I do that is is to give them 48 hours to call and fax the acceptance of that offer or I will change the listing to off market. I will work with the first because they will have the property sold at trustees sale then they have accepted the offer and it will be done in 27 days in (Utah) unfortunately you will get nothing and a 2nd loan.
Anonymous 11.13.09 at 11:13 am: Very good info right on. The only thing I would all is working with 2nd is a art and one way to put pressure on the 2nd to accept the offer the first has given $1,000 for FHA & VA or what ever the first has approved for conventional.
Anonymous 11.13.09 at 11:13 am: do you train people? whats the best way to get training in short sales?
Anonymous 11.13.09 at 11:13 am: REO’s is the way to go
Anonymous 11.13.09 at 11:13 am: dimondghost,

Thank much. Let me know if there is anything else about short sales you would like to see put together.
Anonymous 11.13.09 at 11:13 am: Good points! Especially on organization!
Anonymous 11.13.09 at 11:13 am: Good information about short sales.