Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Why Do Top Real Estate Investing Courses Include the Role of Short Sale Negotiator?

243 views

Published on

The best real estate investing courses will teach you the importance of the Short Sale Negotiation Manager. Here’s what you need to know.

Published in: Real Estate
  • Be the first to comment

  • Be the first to like this

Why Do Top Real Estate Investing Courses Include the Role of Short Sale Negotiator?

  1. 1. Why Do Top Real Estate Investing Courses Include the Role of Short Sale Negotiator? The best real estate investing courses will teach you the importance of the Short Sale Negotiation Manager. Here’s what you need to know. There are real estate investing courses and then there are Real Estate Investing Courses! The latter will give you the foundation you’ll need to establish your own real estate business, along with tips for how to make that business a big success. A top-
  2. 2. notch course will teach you, among many other worthwhile things, the role of the Short Sale Negotiation Manager. Why focus on such a seemingly obscure position? Truth is, this position is critical to the success of most real estate investment companies. In order to understand the position of the Short Sale Negotiation Manager, we should touch on their responsibilities and what they do to insure the success of your business. Here are some key things you should know about this critical position: What Does the Short Sale Negotiation Manager Do? This important member of your real estate investment team performs a wide range of duties as a member of the Liquidation Department. He or she is someone who is going to help get properties out the door. If you’re doing a lot of marketing, you will inevitably get properties in which the homeowner is fully leveraged or over-leveraged with mortgage debt. The home may be worth far less than what they owe the bank, in which case you need someone who can negotiate with the lender. That person is your Short- Sale Negotiation Manager. Their job is to negotiate and process all of your company’s short-sale properties. Usually a Short Sale Manager can handle about 20 properties at any one time. There are a lot of technical details and special know-how that this person must possess in order to do their job effectively. The Short Sale Manager’s Key Responsibilities: Negotiation: They must understand the complexities of short-sales and be able to effectively negotiate the short-sale with the bank in order to get the best deal possible for your company. Communication: Communication is a big part of their job. They must follow-up with the bank and communicate with your sales manager or listing agent. They must interface with the listing agent and the buyer’s agent about how the bank negotiations are progressing. They must also communicate with the renovation project manager, and with you, the owner of the business, to secure the funding. Coordination: The Short Sale Manager will handle the closing coordination; so that once the offer gets approved they will need to order title work from your title company. They will also work with the title company to set up a closing date. In addition, they will coordinate the funding, and insure a smooth handoff after the closing to the next step in the process.
  3. 3. Paperwork: The Short Sale Manager will collect and organize all paperwork, and submit all paperwork to the bank. It’s easy to see why top real estate investment courses teach you how to get the most out of key individuals within the organization, rather than trying to do all of this on your own. This is especially true of the critically important Short Sale Negotiation Manager. ABOUT THE AUTHOR Josh Cantwell of Strategic Real Estate Coach teaches real estate investment courses and produces a weekly podcast that takes listeners behind the curtains of his own investing business and teaches them the critical elements they must have to become profitable. Tune in to learn more about working with a Short Sale Negotiation Manager. http://www.strategicrealestatecoach.com/short-sale-negotiator-7-figure-freedom- business-real-estate-investing-made-easy-podcast/

×