Posted by Dell Webb on March 11, 2006 at 17:28:51:
THAT’S THE DIRTY SECRET OF SHORT SALES. THEY DO NOT WORK EVEN 50-PERCENT OF THE TIME!!! Read that again, and again and again. I don’t give a damm what the “experts” like Kaller claim, cuz they KNOW better. If they have a 50% success rate it’s because they cherry pick ONLY those short sales with banks their mitigators have relationships with or worked with. I have used his mitigators, and a LOT of deals get rejected because his mitigators don’t have a buddy or insider to work with.
The gurus (and I hate these hucksters) want everybody to buy their courses. They can’t be honest about the fact that foreclosures don’t work in a great majority of the contracts you get (unless you’re really cherry picking deals with huge seconds) because then, no one would buy their courses to find out you can’t really quit your job in 90 days and continue to eat (and make YOUR mortgage payments) without having a rich daddy or some such thing.
One of the people in my area of Michigan-Ohio sells a short sale course and bootcamps. BUT, he recently confided to a friend of mine that he and his wife hadn’t done a short sale in some time…the next weekend however, guess what? They were putting on a boot camp on the subject of short sales and raking in the money. SEE WHERE I’M GOING HERE?