All Forum Posts by: Larry Moore

One of the problems I have run across with FHA short sales is that they often require that the property be MLS listed at full appraised (not BPO) value first before they will consider discounting the appraisal. They can accept 88% of appraisal for the first 30 days it is listed ( 88% of 95K is about 84K), but if the negotiator is a dick, I mean, aggressive, he will tell you that they don't have to accept it and that they want the property listed at full appraisal first. You can try appealing it to a manager, but you are going to have to pay at least the 88%.

As a final follow up, Dean recommended a book that is the basis of his negotiating style, "Start with No", by Jim Camp, that I am half-way into. Interesting read. I have seen his system before in other applications. And the best part is only $15.61 at Amazon.com! A savings of $981.39!

If the house is upside down, then no realtor will list a property with no chance of being paid. So, is BOA agreeing in advance to accept whatever the market dictates short of the payoff by listing it on the MLS? Doesn't make sense, particularly when there is already an offer on the table.

They must have; still don't see it. Guess they can't handle a little constructive criticism.

I clicked the link, but didn't see your comment. Of course, I am computer and internet challenged.

Only $997, and no bonuses! Pass.

When a preforclosure prospect calls me, one of the questions that I always ask, if they don't volunteer the info up front, is if they have tried a loan mod. Regardless of their answer, I make sure that they have completely eliminated that as an option before I will go forward. I will even go as far as advising that they try a loan mod first if they want to try and hold on to their home and see what their response is. I would look at this homeowner as a new prospect, since the loan was sold, who obviously wants to try again for a loan mod. I would tell them to call me back if they are unsuccessful and I will reconsider it at that point. However, I would never work a short sale with a Realtor in the middle, so this would not be a prospect I would consider from the start.

Damn, and I was looking forward to the $22,301.22 in bonuses!

No doubt. But he has been much lower key with his marketing: I only received one e-mail from one guru touting his product. He also has provided some decent material on his site for free, so I am HOPING that it will be somewhat cheaper than $1997. Maybe $1997 slashed to $997, but if I order in the next 17 seconds, only $69. I have to go now, I am losing consciousness from holding my breath.

Wondering if anyone has heard of this guru, or purchased any of his material. He is launching a program in a few days that provides recordings of his negotiations with Loss Mitigators on short sale deals. I listened to one gratis on his site, and it was actually pretty good. Don't know what he is charging yet for the full library of calls. If it is reasonable, I may consider if I don't hear anything negative.