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Updated over 14 years ago on . Most recent reply

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Edwin De leon
  • Investor
  • bronx, NY
41
Votes |
265
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How To Select / Interview Short Sale Negotiation Company

Edwin De leon
  • Investor
  • bronx, NY
Posted

What questions should we ask to find out who to work with and who not to work with, seeking a short sale negotiation company

Most Popular Reply

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James Ward
  • Real Estate Investor
  • Ocala, FL
463
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742
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James Ward
  • Real Estate Investor
  • Ocala, FL
Replied

Edwin,

If you are going to Interview a Negotiation company here are a few items you might want to inquire about:

1) How is the personal information of the home owner handled?
2) Who is actually negotiating the Short Sale?
3) How many Short Sales have they received Acceptance Letters?
4) How do they handle multiple Lenders/ Liens?
5) What do they charge and when is payment due?
6) Any Lenders they do not work?
7) Any locations/ states they do not work?

This should be a great start in a interview. But, also be prepared to be interviewed. You must be prepared to answer questions posed to you about your experience, knowledge, and business plan.

Make sure that you let the Negotiation Company what you expect of them. Make sure that you have fully covered everything before you move forward.

I hope this helps get you started!
James

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