Huntington Beach CA – Yesterday I gave you a good example of why you should “escalate” a short sale file. The Stop Foreclosure Institute took a short sale that wasn’t going to be approved, pushed for an approval, and received it.
As a result a homeowner avoided foreclosure, a buyer was able to buy the home they wanted, the bank reduced their losses, and we made a little money.
There are a few problems you may run into when you attempt to escalate a file. Sometimes the negotiator won’t give you their supervisor’s info. They won’t order a new appraisal or help you out.
Most people would be at a dead end. Here is how to get their supervisor’s contact info.
Call the lender’s short sale 800 number. Tell the person answering that you are working on a file with the short sale negotiator and you need to talk to their supervisor.
Say something like, “We’ve talked to the buyers. They will not raise their offer. We’ve had this house listed for 94 days and this is the best offer we have received. The buyers asked me to call and plead their case.”
Most of the time, they will give you the supervisor’s name and e-mail address. Always ask for the fax and phone number as well. Most of the time you won’t get that, but sometimes you can.
Before we escalated a file, we were scared to do it. What if the negotiator got mad? This held us back, and honestly it hurt everyone
The reality is that the negotiators don’t get mad at all. When we are at a logjam with a file, and we have a good case on why they should accept the offer, then we do the logical thing and escalate the file.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at Tony@HunthausenGroup.com. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail. If you prefer, then you can call me at 714-334-7808.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Huntington Beach Loan Modification Kit has the instructions you will need to get a loan modification approved with your lender. Click here to request a copy.
Thanks for reading this, Tony Hunthausen.
Tony is a Real Estate Broker Associate at Remax Select One.
Phone: 714-334-7808. Tony@HunthausenGroup.com.
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Tony Hunthausen specializes in loan modification assistance and short sales in Huntington Beach California. Huntington Beach Loan Modification Help, Huntington Beach Short Sales. Huntington Beach Short Sale Realtor Short Sale Realtor. Huntington Beach CA Short Sales. Huntington Beach Realtor.
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Tony Hunthausen’s personal views and do not reflect the views of Remax Select One. This information on Huntington Beach Short Sales: What to do when they won’t allow you to “escalate” the short sale file is provided as a courtesy to our viewers to help them make informed decisions.