Finding A Buyer

Where do you find buyers for an exit strategy?

Also, is it more difficult today to get a buyer in a market

that has declining sales prices?

Comments(6)

  • TheShortSalePro28th February, 2007

    What was the offer to the second?

  • daryl123417th August, 2006

    In North Carolina, once homeowner is in default, most of the time the lender issues a BPO.

    So my question is do I stand a better chance of listing a net sheet (banks true holding costs) to them as part of my justification for my offer.

    The time is coming, I agree, for lower auction amounts. In the meantime, what is the best way to handle this situation.

  • TheShortSalePro17th August, 2006

    In the servicing of first mortgage loans owned &/or insured by major portfolio investors.... it is SOP to order monthly drive-bys, and BPOs during the delinquency, default, and foreclosure stages. The majority of mortgage loans serviced are impacted by boilerplate servicing criteria.

    The servicer reports to the investor occupancy status, condition, comparable props on the market in the immediate market, and approximate value,

  • charlotteinvestor17th August, 2006

    Daryl,

    That is a good idea using a net sheet to show the lenders expenses. The only way i can see this working is by sending in two settlement statements.

    One that reflect your offer and one that shows the alternative.

    Brilliant idea. I think i might try that one on my next short sale opportunity.

  • sickofcallctrwork28th February, 2007

    Defend your stand on the FMV yes but, I still think its a novel idea to provide the alternative.

    Does anyone have a list or letter that has given them success with ss approvals?

  • RamRE127928th February, 2007

    Make a new topic to see if anyone has had success..... I am intrested too.

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