Banks Aren’t Logical In Short Sale Procedure
Kevin and Fred have a special message today. In discussing what the theme of today’s episode would be, they decided that it was time to tackle the things that occur in a short sale deal that don’t make any sense. Reason and common sense can be thrown out the window in a short sale. Numerous times Kevin and Fred find themselves saying “why is the bank doing that?” There are so many examples of positions that cause you to ask that precise question.
A lending institution is apparently anything but rational. Banks charging a fee to put money in an account are not logical. Taking a loan from a bank for $200,000 and then agreeing to repay them $100,000 isn’t logical either. The entire short sale process is not logical. Acknowledge that idea first, and you will be one step ahead of everyone else.
To deal with all of this irrational behavior, we need to comprehend that there are lots of things within this transaction that do not make sense. As Coach Collard says, we need to put off the desire to know why. Remember that true answers come from a place of not always attempting to understand. There are solutions and answers that are just not rational.
The point of the story is this. This is every so often an unreasonable world. Short sales are also not a totally rational procedure. The banks do some very unreasonable things in the midst of these short sale transactions. So, if you are going to be a short sale broker and take on a client to help them elude foreclosure, you need to be sure that you can deal with the all of the unreasonable behavior.
Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona
