All Forum Posts by: Scott Schmitz

I'm looking for ways to "pump up" my marketing. What are advice can you give? I'm house and note buyer in FL.

Thanks!

Hello, did you get your offer accepted by the seller yet? If you have a fully executed offer, the listing agent/negotiator has to get it to the short sale lender for review. The negotiator/listing agent must request the short sale lender to do an appraisal on the property to get the current value. Once the valuation is in, short sale lender will determine if your offer is in line with the value they have or if its acceptable to present to the investor. Most likely, if you're coming in at a low price, ask the listing agent if they have comps to support their listing price and/or if they have a list of repairs needed to be done and a quote for the price to pay in order for you to have a rebuttal in case the short sale lender rejects your offer. Most of the time it boils down how the listing agent or negotiator handles the negotiations. You may ask for a variance review and present your comps and repairs quote to justify your offer. Short sale lender will counter you back saying how much they want - you can accept it and raise your offer OR you can negotiate coming back how much your highest and best offer is.

Thank you for your input.  After reviewing all options, you are correct.  We will keep them with our currentservicer and look into the note servicing center.  Thanks again!

We have been successful in brokering mortgage notes for the last 2 years that we have started to buy our own with our own money and investors money.  We do have most of them boarded with a servicer but as we start to do the math.  Paying $3000 a month in servicing fees alone is getting silly. We are aware of notesmith and Mortcare as servicing platforms but we would like to know if there are any other software out there that anyone uses?  Are there any softwares that are low cost or free?  We are not cheap but if it does what we need it to do and it is inexpensive or free,  well why not.   Does anyone have an opinion on this subject??