All Forum Posts by: Caleb Whitney

I was talking with a buddy of mine today. He is a broker out of Las Vegas and he has tie-in with upper management BOA lost mitigation. He has informed me via his contact that the reason why banks are making is so difficult to get short sales complete or at the very least why it's very difficult is because the government is pressuring them to NOT do short sales right now. Apparently the government didn’t realize just how expensive the $8k tax credits where going to cost. Of course this is just hearsay, nothing that I can personal confirm. I thought it was interesting none-the-less.

Nick,

I think the biggest issue with high end homes is "time on market". How long will it take you to sell the property. In AZ we focus on homes between $80k-$225k.

I never said that I didn't want to answer the phone. I'm interested in knowing how you guys handle all the calls.

I have a certain list of 1500 homeowners that I will be sending out over a 6 day period starting soon. I'm anticipating receiving between 35-60 calls within a two week period. That averages out to be about 3-5 calls per callable day (not assuming calls on Sunday). I'm not sure how to handle the calls as I've heard that the average call can be around 15-20 minutes. How are you screening calls to assure you aren't on the phone all day? Are you just letting the calls go to VM and letting the message educate the caller to your service? Do you use a calling service to answer the calls? What is the best method other than actually answering the call (not an option) or hiring someone to (not an option at this time)?

i have been focusing on newer pretty houses and have stayed away from older run down houses. Reason: I keep coming back to the idea of, "who is going to want to purchase this property from me and if they are interested they are going to want a big discount".

Is there a certain year "range" that you look for?

Thanks smit, but I'm looking for a little more detail than that. Dig deep! :)

In regards the

1) the mortgage(s) (do you prefer 1 lien or 2)
2) the actual property (age, repair level, location, etc)
3) lenders
4) never listed? dropped off (or expired SS listing)

I know there's not a "perfect" SS, but what does a very good lead look like?

You pretty much want to be hands off when it comes to dealing with the homeowner if working with Realtors. The Realtor works with the homeowner to get the short sale package compiled and then back to you.