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kensmith
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Joined: 07 Jun 2006
Posts: 107
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 Posted: Mon Jun 19, 2006 1:53 pm Post subject: Short sales |
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Does anyone work the pre-forclosure market? I have a client who does this, but they aren't really willing to share how they do it. Would like any feedback about working this market and how you get banks to give short sales.
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teamsage
Junior Member
Joined: 22 Jun 2006
Posts: 34
Location: Temecula California
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| Posted: Thu Jun 22, 2006 8:48 am Post subject: Short Sales |
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Ken,
Where are you located? I may be able to give you a hand with this.
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kensmith
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Joined: 07 Jun 2006
Posts: 107
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| Posted: Thu Jun 22, 2006 1:59 pm Post subject: |
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| I'm in the Chicago area. |
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teamsage
Junior Member
Joined: 22 Jun 2006
Posts: 34
Location: Temecula California
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| Posted: Thu Jun 22, 2006 2:49 pm Post subject: Short Sales |
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Ken,
The reason I asked is each area has a different policy. Here in California I solicit home owners that need to get out to stop the Foreclosure process. When dealing with the bank I have found the best apporach is to call the banks lending and property department. In most cases the bank will not want to pay full commission. I offer a dual commission to banks. Mean this. If I bring the buyer I will discount my commission by up to 1/2 my commission. But if I'm only representing the seller, then I charge 1% less than my mormal 6% commission.
Hope this helps. Please let me know if I can help you further. |
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magma
Junior Member
Joined: 07 Jul 2008
Posts: 15
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| Posted: Thu Jul 31, 2008 12:38 am Post subject: Re: Short Sales |
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| teamsage wrote: | Ken,
The reason I asked is each area has a different policy. Here in California I solicit home owners that need to get out to stop the Foreclosure process. When dealing with the bank I have found the best apporach is to call the banks lending and property department. In most cases the bank will not want to pay full commission. I offer a dual commission to banks. Mean this. If I bring the buyer I will discount my commission by up to 1/2 my commission. But if I'm only representing the seller, then I charge 1% less than my mormal 6% commission.
Hope this helps. Please let me know if I can help you further. |
This is Really helpful teamsage Thanks 
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