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Updated almost 15 years ago,

User Stats

48
Posts
3
Votes
Brandon Gadish
  • Real Estate Investor
  • Pasco, WA
3
Votes |
48
Posts

Increase the probability that a Lender Says "YES" to your short sale offer

Brandon Gadish
  • Real Estate Investor
  • Pasco, WA
Posted

Here are some things I do when putting together a short sale that I believe improve my chances of the lender saying "Yes"

1. I write the hardship letter with the seller. I want it to be as personal as possible in a manner that makes the lender have sympothy for the situation.

2. I send the short sale packet to the lender in a bright folder. I dont want mine to blend in with the rest of the manilla folders

3. I build raport quickly with the agent in the loss mitigation department as quickly as possible,letting them know I am a person and not just an investing machine.

These are some, but I'm interested in knowing other's strategies.

Brandon Gadish
Landlord Technology LLC

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