All Forum Posts by: Gena Gonzales

It is clearly stated to the agent that I am bring all cash.

I take the lowest comps, take the average of those multipled by the sqft, take an average of the price per sqft adn come up with a value for the home. I then subtract the repairs. So, in other words, 65% of the arrears minus repairs. However, it all depends on the porperty. And, for that matter, my team of loss mitigators do all that work for me.

Basically, I say that I have a team of Loss Mitiagtors that will do the short for me. I will bring all cash to the table. I will give the listing agent who give me the lead a 4-6% commission at closing. I also tell them that I do not intent to keep the house. I make a profit from the discount, and when that price is met, this is when they get a chance to earn their commission. I want over-leveaged high end homes, that has a potential of doing a short.

:cry: I've emailed lots of agents in the San Francisco Bay Area, and found that they do not want to give out their leads, because most of them think I will take away thier commission. I even offered to give up to 6% at closing. What am I doing wrong?

I explain exactly what I am going to be doing. How do I get them to trust me? :oops:

Hello!

I typically have at least 3 a month, however, I want to increase that amount. I have a buddy in Florida, and he is closing close to 5 a week. We typically close in 3-4 months from start to finish when doing a short. I would say typically we get around 60 LTV about 90% of the time.

I am always seeking realtors in the Greater Bay Area who can bring me leads of high-end homes which has a potential of doing a short. I get paid on the discount.

By the way, we have no intentions in keep the property. Once we get our price met, the agent gets their chance to earn their commission. If I bring in a buyer, they get a 3% commission, if the agent bring in a buyer they get a 4-6% commission.

Hello! :D

I belong to a team of short sale/foreclosure experts. If anyone in the Bay Area want to Network and share ideas

[Post Edited by ADMIN to remove solicitation and email. Please create a signature if you want your website to appear on your posts]