Extreme Escalation Procedure
Prior to having to move the short sale process to the escalation point, you must consider pre escalation. You need to consider a few things. Does the bank worker that you are working with have the power to aid the progression? Have you closed all of the necessary steps through the procedure thus far? You have to be sure that the details are taken care of before you make a decision to escalate.
Brian Gubernick is constantly talking with his group about asking questions. There are numerous general questions that need to be asked. For instance, who is the investor on the loan? Is there mortgage insurance mixed up with this property? These could produce a potentialy lenghty process. Does the bank have the authority to make a decision? As we pose questions, we are gathering information but we are also generating a report with that bank employee so that we can keep ourselves in the forefront of the banks mind. Keep in mind that the majority of these lender workers are respectable people. They get screamed at all day by people like us.
Essentially, we like to slow it down and permit the lender to understand that we are professionals with a high level of knowledge. Get the bank employee comfortable with you before you begin hounding them for information. It is astounding what the bank will tell you if they feel relaxed with you.
In addition, we try to communicate with a file every other day. Send off an email. Make a telephone call. Do something that puts your file at the forefront of their mind.
http://group4610shortsale.com” title=”Arizona Short Sale Specialists Answer Questions”>Short sale FAQs and more.
Get powered up by Kevin and Fred at http://shortsalepowerhour.com/short-sale-escalations-with-brian-gubernick-short-sale-power-hour-030910/ title=”Short Sale Escalation With Brian Gubernick”>Short Sale Power Hour by the Short Sale Specialists of Arizona
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