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CONTEST: What can be done to help make the Short Sale process run smoother? In my opinion...

Posted by Wanda Kubat-Nerdin on December 31, 2009 at 1:55pm
Banks should hire seasoned agents as consultants to train bank personnel from the ground up. Cross train to ensure everyone is on board, especially when people go on vacation or change departments or move on to other banks. Out-of-state banks need to stop thinking properties are worth much more than they are by holding out for that ‘perfect offer’ that will never come. A universal short sale form packet should be designed for all banks to use – no more than 5 pages. Give a deadline of no more than 60 days from the time a complete file is turned in to wrap it up and to be held accountable and charged a per diem if they do not perform.
Tags: In, Sale, Short, What, be, can, contest, done, help, make, my, opinion..., process, run, smoother?, the, to
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Comments

  • Wendy Rulnick January 2, 2010 at 5:19am
    Wanda - I really like the per diem penalty part of your idea!
  • Bryant Tutas January 2, 2010 at 2:31am
    Hi Wanda. Thanks for entering the contest.

    Wouldn't it be great if there was a 60 day limit to give us an answer on short sales. Sounds like Utopia.
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