Against Training

thealmon profile photo

TCI Forum, May I ask about the lender ( Norastar ) not sending a Short Sale package ?

They hold the 1st and 2nd, totalling $158,000 on a property worth that.
Since the 1st is $ 126,000, but " backed by a third party ", which I got out of them means PMI, on this one, they where saying they wanted the 1st taken care of.

But, saying they know that they'll be taking a bath on the 2nd, of $ 32,000.

Would you make your offer to them not trying to short the first, since " they'd need all the financial statements ", with a little above $126,000 or is this a game, you think they're playing ? They said just send them something in writing ; That's how we're trained to get Them where We want Them, so we can negociate them our way.

Something in writing. See, this one is a little against our training. Have you done one like this ? Would you send them - What ? Intent ? Purchase offer and HUD ? or full blown package ?

( Owner behind 8 of 13 months on both and now - after I'd talked to him and got release - in jail on unrelated for long term - family wants to avoid foreclosure and don't want anything out of it ).
Thank you, Alan

Also, what's a beginner to do ? Marketing doing well. People entrusting me. I don't want to drop the ball. Anyone mentor driven ? I sure would like to know someone that can call the ball, the shot and the pocket. Partnering OK, but coaching is cost prohibitive - without landing them, first. I'm in Central Kentucky, where the foreclosures are.
Thank you again.

Comments(2)

  • jorge12111th July, 2003

    Huh? What exactly are you asking, if anything at all? I can't understand if this is a question, a poem, or a limerick.

  • thealmon11th July, 2003

    All it says is, " what's a double closing ? "

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