It’s F’d up Friday and that means we are going to share one of your more forgettable moments with you. Kevin Kauffman of Group 46:10 - Arizona's Premier Short Sale Team shares with you numbers from inside a of bank. He also shares an “F’ up'” that he and Fred made almost 2 years ago that they will NEVER make again, and they hope you won’t either.
Amazing stuff… good choice of F’d up option. $47k versus $78k…that will expand your box to the Outback!
Also, much better cheer today….!
Well yeah that will expand your box! Are you kidding me?
And did you expect anything less of me for the cheer?
Great job. So why are the banks so anxious to forclosures on short sales? Do REO’s sell faster?
Hi Stuart – trust me the banks aren’t…however the poorly untrained employees that do not understand the difference between loss mitigation and collection cause a lot of the sticking points. And in my humble opinoin, its the agents fault for allowing a banker to stop them from thier goal of avoiding foreclosure not making sure the deals get done =)
another sup-eee-rb (in my best French impersonation) episode.
Ok guys, here’s the other piece that would be great for you to touch on. What the banks gain from the losses? There are tax benefits and write-offs that are balanced amidst profit – I think for most Realtors being educated even on a high level on that subject can sometimes make the difference in pushing their short sales forward thru the gate keepers who i assure you have no clue of what it is themselves.
When escalating to a “cocky bastard” VP at some random bank who thinks he’s a hot shot, suddenly dropping this bomb along with it’s ramifications to the SEC, Wall St. public opinion etc. can be a great bluff tactic as well. Anyways it worked for me
So, let’s hear it boyz…
There’s NOTHING better than your “war stories”–they’re the best way for me to learn WITHOUT HAVING IT HAPPEN TO ME (!!) Keep on keepin on. R
Thanks Roger =) And we have plenty of “war stories” we can share with you.