Outsourcing Short Sales

They have 2 services--1) you take the listing and they do all the work and you split the listing-side commission 50-50. Or 2) you take the listing, gather the short sale information, and for $175 they will review it, package it and send it to the banks, but you negotiate with the bank.

They said they close 95% of their deals, but I don't know if that is accurate.

Edited: 06/26/2010 at 06:06AM

Dave P.

Real Estate Consultant

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Icon_minipost Oct 10 '08, 04:49 AM

There was a recent thread on this theme not too long ago. I have used a short sale company to outsource short sales. It's a miserable (for me anyway).

They just aren't that good and don't really save you the time you think you will save.

Edited: 06/26/2010 at 06:07AM

Rita Temple

· Sacramento, California

46 posts
10 Influence
1 Award

Icon_minipost Oct 10 '08, 05:48 AM

Originally posted by Shari Posey

I just attended a seminar today by a company that sounded very good. It's called Short Sale 4 Profit. (That is also their website address)

They have 2 services--1) you take the listing and they do all the work and you split the listing-side commission 50-50. Or 2) you take the listing, gather the short sale information, and for $175 they will review it, package it and send it to the banks, but you negotiate with the bank.

They said they close 95% of their deals, but I don't know if that is accurate.

Thanks for the info! I actually found a guy last night at my local REI that does short sales and he's going to teach me. So I'll just have another tool on my tool belt! :mrgreen:

Edited: 06/26/2010 at 06:07AM

Account Closed

4 posts

Icon_minipost Nov 09 '08, 04:25 PM

who knows any details on how to make a short sale ? I have properties that I can get cash out from to purchase other properties during this decline in property values and I heard about shor sales but have no idea as to the details if you know I would appreciate it
Thank you......

Edited: 06/26/2010 at 06:20AM by Administrator

Dave P.

Real Estate Consultant

826 posts
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Icon_minipost Nov 10 '08, 01:45 AM

Robby,

I suggest you read all related threads on this forum. There are countless different threads devoted to this topic alone.

Dave

Edited: 06/26/2010 at 06:20AM

Yoshio Sugawara

Homeowner · Bellevue, Washington

30 posts

Icon_minipost Dec 24 '08, 05:07 AM

Rita,

I'm not sure what you exactly mean by 'outsourcing', but if you are looking to facilitate short sales for a profit, here's another tool I hope you find profitable. The program is called Home Seller Assist started by John Alexander.

Go to the link in my sig for a much better explanation, but he has an investor network willing to fund short sale purchases for you. Cost of funds is 1%. You have to line up a buyer, who takes possession at a double close.

Yosh

Edited: 06/26/2010 at 06:45AM by Yoshio Sugawara

Ruben Ortega

Residential Real Estate Broker · Round Rock, Texas

7 posts
9 Influence

Icon_minipost Dec 24 '08, 10:50 PM

Yoshio,

Have you utilized the loan programs available through Home Seller Assist. If so, how has your experience been with them? Inquiring minds would like to know. Thanks!

Edited: 06/26/2010 at 06:45AM by Ruben Ortega

Yoshio Sugawara

Homeowner · Bellevue, Washington

30 posts

Icon_minipost Dec 24 '08, 11:03 PM

Ruben,

Unfortunately I haven't yet had the time to put any of their programs to work. I'm particularly interested in their non-performing asset program. But since I work a full-time job at a web development company, I'm always working during the day when banks are open. I am taking time off during the Xmas/New Year's weeks, so I hope to be able to get that program started. I'll keep you posted.

Edited: 06/26/2010 at 06:45AM