Mistakes
Investors inexperienced in the area of short sales often make some common mistakes.
A frequent mistake among beginners is low-balling. You’ll have a greater chance of success through valid, properly constructed offers.
Not doing your homework first.
Not identifying the right lender or servicer.
Failing to contact and properly negotiate with junior lien holder.
Unreasonable offers.
Improper documentation
Sending offers blindly to loss mitigation departments without securing appropriate contact information first.
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Mistakes
Investors inexperienced in the area of short sales often make some common mistakes.
A frequent mistake among beginners is low-balling. You’ll have a greater chance of success through valid, properly constructed offers.
Not doing your homework first.
Not identifying the right lender or servicer.
Failing to contact and properly negotiate with junior lien holder.
Unreasonable offers.
Improper documentation
Sending offers blindly to loss mitigation departments without securing appropriate contact information first.