Thanks for the short sale lead capture ideas. My husband & I are on track to complete 8 short sale sides this year, last year we did 4 sides.
ShortSales are definately a bear. However, one Seller told us that he loved us. That made us feel good. He's had a bad time of it. Still we did not give up on him (like his parents, x wife, kids and previous employer). We invited him into our kitchen and just listened, numerous times. This sale is scheduled to close next week after being on the market 13 months, through 3 contracts and a foreclosure filing.
Is it worth it? Seems like everyone in this situation needs someone that they can trust. The emotional toll taxes us. We ignore our house, our lawn, our needs, to be available for the lenders who wanted every form yesterday, perfectly uploaded; for the broker who still needs to make a profit on homes that are in inventory one to two years; to remind the Buyers that a short sale isn't going to close before school starts or that being holed up in their parents basement while they wait on a short sale bargain, probably will not work out.
The jury is out. Currently we are working with a Seller who has received a foreclosure notice. Finally a Buyer came along who was willing to accept the property in it's present condition. He made his offer and waited. 2 months into the escrow the would be Buyer called to say that he was taking a trip into the desert mountains of New Mexico where he would get no phone reception. He called again, before he climbed into the mountain, to see if there was any news and to tell us that he would be out of touch for 3 days. That afternoon the short sale lender emailed us and gave us 72 hours to respond to their counter offer. After the Short Sale Buyer did not respond within the alloted 72 hours, the contract was cancelled and kicked out by the Short Sale Lender. Hopefully the Buyer will submit another offer. Meanwhile, the Sellers wring their hands as the foreclosure timer continues to tick. How frustrating is that?
We are hoping that one day this rollar coaster real estate market will all be part of the past. But not likely very soon. For now, we are trying to enjoy the ride.
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Laura, if you aren't on it yet, make sure you get on this short sale lead generation webinar this coming Thursday with several of the top short sale agents in the country sharing their tips. This will be a regular series. Go here to register - http://www.theshortsaleguide.com/forum/topics/short-sale-mastermind.... You can also check out www.ShortSaleHosting.com for our program, which is being relaunched next week and KICKS BUTT!