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Any short sale negotiators out there have some lender stories?

UserPost

January 31, 2011


Michael Borger, Big Rock Investments, Hawaii Real Estate

Honolulu, HI

Admin

posts 15

If you're into short sales, then you probably know how much they can drain you. Yeah, there's profit to be made but you really have to be in them for the long haul – or at least expect to be. Plus, if you don't get your approval, then you might have wasted lots of energy (and money) for nothing. I'm finding some lenders to be a bit more on the ball than others. My experience is that I MUCH prefer working with the smaller, regional lenders than the big ones like Bank of America and Wells Fargo. Sometimes, I really wonder if the patients are running the asylums over there with what they expect to get back for a house and how they decide whether to postpone trustee sales.


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