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Updated almost 6 years ago on . Most recent reply

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Mark Enriquez
17
Votes |
49
Posts

Short sale negotiator in or around Cleveland

Mark Enriquez
Posted

Hello,

I'm looking for someone experienced with negotiating short sales. I have a ton of questions, and I'd like to learn more about the negotiation process. I'm looking up articles online, reading what I can, but I'd love to actually speak with someone, hear experiences. 

I also have a LARGE number of leads on short sales, thousands of them in Cuyahoga county. I have been tossing them to the side because my lack of knowledge in the area of short sales, but I feel like that might be a mistake to do. Trying to figure out what to do with them. 

One of the main questions I have is, if there are a few additional liens attached to the property, how are they dealt with? I'd imagine in some cases they will kill the deal, but is that always the case? Am I asking the right questions about additional liens?

thanks in advance,

mark

Most Popular Reply

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28,321
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
19,369
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28,321
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James Wise#5 All Forums Contributor
  • Real Estate Broker
  • Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
Replied
Originally posted by @Mark Enriquez:

Hello,

I'm looking for someone experienced with negotiating short sales. I have a ton of questions, and I'd like to learn more about the negotiation process. I'm looking up articles online, reading what I can, but I'd love to actually speak with someone, hear experiences. 

I also have a LARGE number of leads on short sales, thousands of them in Cuyahoga county. I have been tossing them to the side because my lack of knowledge in the area of short sales, but I feel like that might be a mistake to do. Trying to figure out what to do with them. 

One of the main questions I have is, if there are a few additional liens attached to the property, how are they dealt with? I'd imagine in some cases they will kill the deal, but is that always the case? Am I asking the right questions about additional liens?

thanks in advance,

mark

 Short sales in Cleveland are a friggin nightmare. The overwhelming majority are extremely low value assets in distressed condition. Typically the bank is going to want every short sale listed on the open market with an agent. Since the assets are already so low in value the commissions start off small & usually end up being cut at the last minute by the bank anyway......Very difficult niche to make any money in so finding yourself a short sale expert is gonna be a long shot.

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