There are a few problems you may run into when you attempt to escalate a file. Sometimes the negotiator won't give you their supervisor's info. They won't order a new appraisal or help you out.
Most people would be at a dead end. Here is how to get their supervisor's contact info.
Call the lender's short sale 800 number. Tell the person answering that you are working on a file with the short sale negotiator and you need to talk to their supervisor.
Say something like, "We've talked to the buyers. They will not raise their offer. We've had this house listed for 94 days and this is the best offer we have received. The buyers asked me to call and plead their case."
Most of the time, they will give you the supervisor's name and e-mail address. Always ask for the fax and phone number as well. Most of the time you won't get that, but sometimes you can.
Before we escalated a file, we were scared to do it. What if the negotiator got mad? This held us back, and honestly it hurt everyone
The reality is that the negotiators don't get mad at all. When we are at a logjam with a file, and we have a good case on why they should accept the offer, then we do the logical thing and escalate the file.
Thinking about a short sale? I can help you short sale your property and never pay the bank another penny. Send me an e-mail at deenofziger@bex.net. I will contact you for a free consultation.
When we talk, I will explain how the process works in detail. If you prefer, then you can call me at (419) 260-1435.
Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.
Thinking about a loan modification? Our Loan Modification Kit has the instructions you will need to help get a loan modification approved with your lender. Click here to request a copy.
Thanks for reading this, Dee Nofziger.
Dee is a Real Estate Agent at Danberry Co., Realtors.
Phone: (419) 260-1435. dee@danberry.com.
View My homes for sale at ToledoRealEstateResource.com
Dee Nofziger specializes in short sales in Toledo Ohio and loan modification assistance by providing market values for your home. Toledo Loan Modification Help, Toledo Short Sales. Toledo Short Sale Realtor Short Sale Realtor. OH Short Sales. Realtor.
Copyright 2010 SFI Marketing Institute, LLC. All Rights Reserved. This is not intended as legal, technical, or tax advice. Please speak with a licensed professional before making any decision. Information is deemed reliable but not guaranteed as of the date of writing. The views expressed here are Dee Nofziger's personal views and do not reflect the views of Danberry Co., Realtors. This information on Short Sales: What to do when they won't allow you to "escalate" the short sale file is provided as a courtesy to our viewers to help them make informed decisions.
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To Always...
...Live by the 'Get By Giving' philosophy
...Make my clients #1 goal, my #1 goal
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...Be willing to work toward a common good
...Do what I say I will do, sometimes more, just never less
Dee Nofziger is a full time, residential real estate agent in the North Coast of Ohio, more commonly known as Toledo and Northwest Ohio. She serves the real estate needs of home owners and home buyers in Lucas, Wood, Fulton, and Ottawa Counties, among others. With nearly 3000 days of experience (she really does work 7 days a week) in Ohio real estate, Dee Nofziger is proudly licensed with Danberry Company Realtors, Northwest Ohio's largest independent real estate company. With professional relationships all over the country, Dee Nofziger is able to refer you to real estate professionals in your area who will make your home buying or selling experience the best you can imagine!
Dee Nofziger is a Certified Distressed Property Expert (CDPE) who advises homeowners about their short sale options and assists buyers through the difficult roads of short sale purchases. Only 25% of short sales offers ever get to the closing table; but when the transaction has a CDPE involved, a closing happens 85% of the time. Increase your odds by calling Dee for a FREE consultation.
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Dee Nofziger is also an Associate Trainer with the Floyd Wickman Team.
