Comments about the Negotiator interview Part 2
It brought to my attention on the Negotiator interview a comment that the negotiator did and that was that last thing that MI or Investors wants is to send a home to foreclosure sale.
I believe that you have heard these rumors or comments before, this is real and has happened to many realtors before including me, if the last thing that a MI company or an investor wants to do is to send homes directly to foreclosure sale, then why they have left some or many homes go to foreclosure whether at the end many times they’ll get less for what they wanted in the short sales process, spent more time, incur on more expenses as some others factors as well.
I remember before several years ago one bad experience was with OCWEN and the other one was with Washington Mutual doing short sales of course, I had several offers on the table for both properties and I gave them the highest ones, the offers were rejected by the short sales negotiator and they ended sending these homes to foreclosure sale and guess what? Those homes were sold for less when it was as lender owned, It did not matter how many facts you could give and yes if you were wondering if the offer was too low, not the offer wasn’t too low, the offer was fair.
Why this has happened? BAD BPO’s companies that they get the wrong inexperienced realtors to do the BPO? Negotiators based on that BPO including the wrong systems as Zillow.com and eppraisal.com? Was a lousy personnel working for the investors? Or a mix of both.
What do you really believe that are the most important factors that took or are still taking homes to foreclosure sale? Please, I’m not talking about when you sent something incomplete or when someone does not have enough experience doing short sales, I’m talking about when you do everything on your hands to try to open negotiator’s eyes and as negotiators they say “there is nothing that I can do, that’s the investor or MI final decision”.
I don’t know if some of you have experienced these lately, it will be interesting to know about your experiences, lender’s or servicer’s personnel need to understand that we are not here to waste our time and we’re here to help people to get out in a distress situation, so why don’t get the right personnel if they want to avoid a foreclosure sale?, some agents can lie about they sent the highest offer when they were not, but this is not the case, that’s not ethical and professionals and many of us won’t play these games, our aim is to help the seller, and close a short sale transaction.
Note: I’ve not experienced this lately, but I was just wondering if it was on the past or it is still happening, your contribution shall be appreciated on advance