Confessions of a Short Sale Expert in Reno

Superb photo by: JaredPallesen

(Note:  If you want to read my posts about short sale, kindly scroll down at the bottom of the page.)                              

                      Confessions of a Short Sale Expert in Reno
                                                                                         By: Joe Salcedo

              “Genius is the art of taking pains” - Jane Hopkins

Working on a short sale listing was never on my short list.  Many horror stories have been told.  We were advised to stay away from it, if we can.  Much to my surprise a few people came to us asking for help on their homes.  And with hesitation, I leaped into the world of selling short sale homes.

Here's what I learned so far:

• It takes me thirty minutes on the phone(on hold) for a simple 'Yes or No' answer.

• Yesterday, I faxed a letter (asking for authorization) to the bank five times before I got what I needed.

• You can be sure that delays will happen in the deal.

• However great the need, you can't be a jerk. You're at the bank's mercy.

But at the end of the day, I realized the rewards for sellers far outweighs the difficulties.  It is still worth a shot.

If you, or anybody you know need answers to your questions about short sales, you can call me directly: 775.338.7653. Or if you want to know more about me
go to: www.RenoHomeBlog.com

 

Note: Joe currently has 25 short sale listings 11 of which are in contract (updated:4/3/2009).

See also:

• To Short sale or to Foreclose? I share my experiences

• Why do banks take so long to approve a short sale?

• Introducing a simple guide to short sale

• Randi Bennett talks about short sales and foreclosures

 

Comments

[Edward T.]

Simple but concise. It's not hard to understand what you are telling us people.

It would be nice if you added more copy to have a greater persuasive power.

[Joe Salcedo]

Edward,

Your right. It would be a lot more potent if we can tell the whole story.

Unfortunately, I only had a one 8 X 11 white bond paper quota to fit all the words.

Thanks for the suggestion.

[Ann Onn]

Congratulations on the fourth quarter sales! Keep up the good work.