Is the Sky Falling With Short Sales? (Part Duex)
Ok, so a couple of days ago I posted part 1 of a private coaching call with short sale guys Shaun McCloskey and Cory Boatright.
The short version is, it was an important, info-packed call with nothing to sell. If you’re in the real estate investing business, then I urge you to give it a listen.
While these calls are typically private (meant for a small group of people) we decided our conversation was too important to the state of real estate investing today not to share with anyone else in our industry who’s willing to listen.
If you remember from part 1, we discussed…
- What the heck’s going on lately in the short sale industry?
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- Is the sky starting to fall around us? Rug being pulled out from under us?
. - What about a certain little ”title company memo” going around that seems to have taken pretty harsh stance against short sale investors?
And in the end, we left off with the question…
What’s going on with simultaneous closings these days? Some are saying you can hardly get them done anymore, and soon they’ll be a thing of the past. Is this true? And if so, what do we do then?
And that’s right where we begin “part duex”. Enjoy…
…Oh, and after you give it a listen, leave us a comment to tell us what you think about all this.
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So…any thoughts?
Leave your comment below…
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February 7th, 2008 at 9:39 pm
Awesome!!! The info was not only informative but was educational.
February 7th, 2008 at 11:01 pm
Hello from Indy,
This has been the best conference call I’ve listened to in a long time. It answered so many of my questions, Thanks so much for putting it up so all could hear. You guys rock!
-Ryan
February 7th, 2008 at 11:41 pm
Thank YOU! Great info and motivation! I am trying it out!
February 8th, 2008 at 10:15 pm
Thank you for sharing this info with all of us outsiders! I definitely learned a lot in a very short time and my wallet is not squealing!
Now, I think that it won’t take very long for these non-cooperative title companies to figure out that they are going to go out of business real quick when they turn away these transactions (since there are now tons of them being done)because the investors that do short sales won’t use them any more for ANY of their other types of transactions either. Also, they’ll lose referral business because bad word-of-mouth is actually quicker than good word-of-mouth advertising.