Master the 1st 30 Days
Kevin and Fred are coming to you from Tempe, Arizona to talk about the first 30 days of a short sale. It all begins with a wholly executed contract on your short sale listing. This is followed by sending in the packet, getting it verified, and then acquiring a negotiator and getting the BPO ordered.
So, at present we would like to focus on getting a manager assigned. This process actually just boils down to being a excellent detective. So, this begins with asking questions to get yourself aware with the lender process in working with short sales. Gathering contact information, lender policies and procedures and verifying the contact information all fall below the realm of detective work.
It can not be stressed enough. Every single time that you make a call to the lender you ought to be asking questions. Don’t presume that you know all and certainly don’t assume that the lender will keep their procedure the same all the way through the process.
You ought to be doing these things every time you call. If you’re not, you ought to get out of short sales. Essentially, if you desire to close short sales you ought to do things properly. Tomorrow we’ll talk about getting your file assigned to someone at the lender Taking the outback mindset when you go through this method is vital. See ya tomorrow!
If you have questions, get your Short Sale questions answered by Short Sale Specialists.
Watch this and more short sale videos by Kevin and Fred at Short Sale Power Hour
Also, follow Group 46:10 on their blog at Foreclosure Help – Foreclosure Short Sale Phoenix

Fred Weaver is a founding co-owner of Group 46:10. He has been working in the financing/real estate business for over 7 years. Fred began his real estate career by working for a large wholesale bank as a processor and rate/lock specialist for home mortgages. After 2 years in the business, Fred transferred from the banking side of home loans to the mortgage side. While on the mortgage side of financing, Fred gained experience originating mortgages and processing files for Morgan Capital of Arizona, Inc.
Kevin is a founding co-owner of Group 46:10. He began working in the real estate business in 2007 after spending 8 years working in the finance industry for companies such as Bank One, Green Tree Financial, & GE Capital.