Hey mods, is there any chance that we could have a separate board for short sales. They are a huge part of the business today and will likely be for several years to come. I believe if short sales had their own board, it would be one of the most active on this site.

Not sure if this has been suggested before, but I've never seen the question come up. I know I would frequent it often. We have some great real estate minds here and I'm always looking to learn more... especially in a niche that is ripe for the picking. Thanks.

I second this request!

me too!

Hm they are getting less, I do not think is worth it to open it for one more year.......Let's keep it on REO...

I disagree. More and more people are being told to try a short sale as an option against foreclosure. A short sale board would be appreciated.

Bumping as this would be incredibly valuable for those of us in markets where a foreclosure is a rarity and 90% of the inventory are short sales.

No short sale is a big part of the listing process however less then 10% of the actual closed bussiness.
Plus the issue with short sales is everyone claims to be an expert yet no nothing about short sales.

Short sales are big and growing over REO as lenders see the benefit. We have years of short sales left. We havent even touched the tip yet. A board to discuss would be great.
There is not many places to discuss short sales amongst my peers. I feel this would be the perfect platform and would help to grow the site.

Where do you find short sales

In your street, on the next block, everywhere...

I was going to request that we have a Short Sale forum section seperate from the REO section a while ago. I truly do specialize in short sales and they are 70% of my local market here in Las Vegas. I would like to be a moderator in this new section as well. I have been a major contributor to this board for the past 5 years and would love to moderate a Short Sale forum.

Admin, please get back to me on this and let me know if I can do this.

That will be fantastic, I'll vote for you to do so : )

Wow, those are some extremely high numbers on your market. Our market sees about 15 to 20 percent in short sales. However, with more incentives for banks to avoid foreclosures perhaps that number will rise a bit.

We are at about 65%-70% here also but only about 40% of those are actually closing. Agents are pricing them too low and the bank is saying no and it goes REO anyway in the end.

Agent does not have to price them low. This is a mistake. I usually price them around or little under the market. After I receive the bank counter, I list it on the right price. If the bank ask for a lot of money, which happens often, because of the wrong BPO, I just drop the listing. Actually I object the BPO or order independent appraisal, but some times that does not help s well.

The Short Sales Division USA is currently seeking out active realtors who are tired of the run around with their short sale business. We have a proven system to help you actually close your short sale deals and get paid on them! We have highly trained negotiators waiting for your files. The minimum of 40 hours you spent dealing with your client’s lender can finally be eliminated. With our back end log in system, it allows you to remotely access your files and see the whole process from beginning to end and keep your sellers in the loop. Our attorneys also take all the liability from you. We do not charge you or the seller for our services and we fight to keep your commissions up. Best of all we do all the negotiating for you to free up time to sell more homes. With the way the economy is headed why not jump on now and make money on short sales while everyone else is running away from them?

If you are looking for help with your short sale please send me a message and i would be happy to assist you.

Thanks, nice of you to stop by Shorty - JK - everyone gets a nickname at some point

But there is a special section setup on AgentsOnline.net made explicitly for companies to promote their businesses to the real estate community - that's a pretty god gesture in my eyes. We strongly urge everyone to read those pesky rules and play nice.

I would also suggest you post in the REO, BPO and Foreclosure forum - in short sale threads, and be informative about the short sale process, rather the hawking your wares.

I am curious though, are you an attorney, in Michigan or any other state? You state, and I quote; "Our attorneys also take all the liability from you.". I think hat is a pretty bold statement, I'm just wondering if your business is big enough to be able to back that up?

All in all, welcome to AgentsOnline, please don't forget to read the rules, promote in the right areas, and participate in conversations appropriately and you'll do just fine. I am eager to learn much more about the short sale process from you, as I am sure others are as well.

I look forward to the answers too.

I've been away for a short period due to losing my password. I couldn't even get the temporary passwords sent to me to work for some strange reason. Today, I finally found my original password and I just noticed this old thread. I'm glad to see that we now have a new short sale board to share and learn from. A huge thank you to Pine and all those involved in making this happen.