Foreclosures
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated almost 15 years ago,
Increase the probability that a Lender Says "YES" to your short sale offer
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