TCC Enterprises

Usually the saying goes… ‘The Job isn’t finished until the Paperwork’s Done.’

With Short Sales…’The Job doesn’t start until the Paperwork’s Done.’ and throw in a decent offer, too.

• What is a Short Sale Package? 
• How Big is it?
• What is in it?
• What is the capacity of your sheet feeder on your fax/scanner? at least 50 pages…
• Can I trickle the Paperwork in?
• Can I send a generic Package?
• Do you have 70 Lender Specific Packages?
• Do you want to wait on hold for an hour, on 3 consecutive days to get a fuzzy copy of a Lender Specific Package…what? we lost the connection?
• Why do they keep losing my Paperwork?
• Why do they keep changing who I talk to?

What a Short Sale Package isn’t?

• It is not standard.
• It is not one size fits all, even if you have the Lender Specific Package…
• Does it include pictures? Maybe…
• Does it include Contractor Estimates? Maybe…
• Should I make it concise and brief? Maybe…
• Should I really lay on the BS?  …

The answers to these Questions are to found at the end of long boring journey…

possibly with or without a rainbow and pot of gold…that you can answer for yourself….

or you can find a Short Sale Specialist or Short Sale Processing Company to Outsource this tedious and sometimes unrewarding task.

Short Sales Knoxville - a blog

Written by Craig Thibodeaux, a Short Sale Specialist.

It depends…

A straight forward pretty house retail listing? Not Much.

A distressed wholesale priced to move listing with equity or no mortgage? Not Much.

But…

• a pretty or distressed home with a family that has just lost the family income 
• a home with a single mother who refinanced the family home after the divorce into a toxic ARM that has just reset to $500 a month more…
• that same single mother whose loan or loans were written with a no equity position, so now there is no equity to pay real estate commissions, much less the 6 months of back payments and the attorneys fees, and penalties, and interest…
• a home with a loan with….COUNTRYWIDE
• a home with 3 Loans, and first mortgage holder is…COUNTRYWIDE
• a home with 3 Loans, Countrywide, a mechanics lien, an IRS lien, and Mold, and Structural Issues…and the homeowner is now living out of State…and FHA, and PMI, and the homeowner is comtemplating Bankruptcy and the Foreclosure Sale is in two weeks…

A Short Sale Specialist with the right Short Sale Management System can be a very handy member on your team.

What if…

• you didn’t have to talk to the lender?
• you didn’t have to become a Loss Mitigator, and practice Loss Mitigation?
• you were able to log-in on the Internet to an account for your listing that showed the current progress of the Short Sale?
• you were able to download and upload all documents pertaining to the Short Sale to the Specialist without having to meet at the office, or at Starbucks?
• you were not the one standing over the fax machine, having to send the same 50 page Short Sale Package three days in a row to three different people…and on the fourth day…no one can find it? 
• you were not the one on the phone on hold for an hour instead of showing that new listing?
• you were kept in the loop with a email note every time the Short Sale Specialist touched the account?
• you didn’t have to do all of the above games for 4 months to have a clerk on the other end of the phone tell you that yes, your Short Sale is Approved….but…you are going to have to reduce your commission?

This is the future of Short Sale Listings…Outsource them…Let someone else do the Negotiating and all the rest…Do what you do best…List and Sell Homes, and have someone else fight the lender to pay your earned Commission.

Short Sales Knoxville - a blog

Written by Craig Thibodeaux, a Short Sale Specialist. 

Realtors, want an easier way to do and get paid for the extra work involved in Short Sales?

The local Knoxville answer 

Check it out…give us a call.