Comment

Comment by Paola Martinsen on March 15, 2010 at 4:33pm

I would go higher up than a supervisor. Their immediate manage is always going to back the negotiator so they will always give you the same answer as the negotiator. Go to a manager or an VP.

Comment by Jean Beymer on March 15, 2010 at 3:14pm

We offer $500. The buyers will actually pay a little more to help. This was the response we received.

When you say "escalate"..is this asking for a supervisor?

Comment by Paola Martinsen on March 15, 2010 at 2:57pm

http://www.brokeragentsocial.com/GoodmanRE/blog/4631/

Negotiate the note down or better yet have the "borrower" do a small contribution. So that way the negotiator feels like he did his job and that all parties are trying to make it work. If that doesnt work, escalate.

Comment by Jean Beymer on March 15, 2010 at 2:47pm

We had another response from negotiator. They said that the borrower's credit score is too high to approve the short sale without either a $10,000 payment or a note for $32000 over 20years. If not...they will close the file.

The seller is broke. He has missed over a year of mortgage payments...I don't understand.

We expect to hear from them again on Wednesday...any other idea?

Jean

Comment by Kent Dills on March 9, 2010 at 10:56am

You can always offer to bring some cash to closing, but if you client doesn't have any money and you can prove it - that's a better option. Secondly, I'd much rather offer to have client sign a small prom. note over bringing cash as it's much easier on the low assets and low cash flow that is the case with most short sale clients. Of course, every situation has it's own particulars.

Comment by Jean Beymer on March 9, 2010 at 10:47am

We have done that...but was wondering if any one has had any luck with any other approach...like...throwing a little money at them "couple hundred dollars"? or...

Comment by Kent Dills on March 9, 2010 at 10:35am

Jean, I know this is going to sound like - duh - obvious; but, tell them the seller's don't have $10K and refer them to the Financial Statement you submitted. Then see what they say!

Comment by Jean Beymer on March 9, 2010 at 10:31am

I have had two offers presented to Aurora. Ist offer was accepted but buyer walked. Second offer netted Aurora the same as the first offer. Have a oil tank leak that needs DEQ clean up cost $3500. Buyer lower price accordingly.

We have received a letter from Aurora asking the seller to pay $10K. Seller doesn't have any money.

Any thoughts on best way to proceed with Aurora?

Jean

Comment by Lee-Anne Strickoff on March 8, 2010 at 4:55pm

Just had to go back to square one after they lost a pay stub. Claimed the template has been deleted. It took 30 days instead of the quoted 60 for them to deny based on this. Anyone have ideas on how to stop the 'paper loss' so this doesn't happen again?

Comment by Matha Lewis on March 8, 2010 at 4:51pm

Mori, thank you! Another question on the days/weeks to close. Normally how many weeks Aurora will give to close?

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