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bob lachance chris bowes foreclosure indymac invest Investment north shore enterprises one west bank Preforeclosure Short Sales
This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “The Drummer” Bowes discuss the latest change from IndyMac Federal Bank and the best ways to keep a short sale buyer from walking! Listen in as we go over the most common buyer’s objections and how to counter them in order to keep these buyers on board! Visit www.PreForeclosureDailyGrind.com for more videos or to ask questions visit www.AskBobLachance.com. Please leave your comments and questions so we can address them on future videos!
I watched your video and was concerned about one of your tips. You stated that you submit all offers to the bank. You had upto 12 offers at one time. I have found and in conversation with the banks they really don’t want more that 1 offer submitted at a time. It is a lot work and time, and stops the process everytime a offer is submitted. Also you can’t sell a property to more than 1 buyers anyways. I always have an executed contract, deposit in escrow and then submit. Conducting business that way has really keep the buyers in line.Would like to hear your comments.
Linda,
Please listen to the video again. We said that the listing agent BROUGHT IN up to 12 offers, but we DID NOT say that we sent all 12 to the bank, just that they were sent to the agent. The comment that they sent is correct in that only one offer should be sent in at a time, as in any other case the seller can only approve ONE offer. And that is exactly what we do as well. The only exception to that is if we receive multiple offers at the same time at the same price. In that instance, we usually ask the negotiator if they’d like to review all three, and in some cases they have said yes and have also requested we submit all three simultaneously. Hope that clears up the confusion! Thanks, Bob Lachance