How to beat a bank in 5 days: Part I

Challenge Time

A good friend of mine calls some of the near impossible short sales I complete “trophies”.  Similar to a hunter who mounts his kills throughout his house, I collect short sale victories despite overwhelming odds and limited chance of success.  This may sound a bit egotistical, but it helps preserve what little bit of sanity I still possess.  Please take this with a grain of salt as the amount of empathy and sympathy I feel for each and everyone going through the process of losing their home, nearly sends me to emotional therapy sessions.  The sadness of what so many have lost takes its toll on my heart and soul every day.

Although I have faced many difficult situations with previous short sales and fighting tooth and nail with banks and loan servicing companies, I now face quite possibly the most challenging task thrown at me in the last 10 years of my real estate career:  Stop a foreclosure in 5 days.  The people are emotional.  The burden is heavy.  But the opportunity…the opportunity to help, the opportunity to take on another lender, and the opportunity to preserve some pride and instill some hope in another family; a family bleeding from economic carnage and the effects of a collapsed housing market, has never been greater.  This situation reminds me of the old adage “Never take a knife to a gun fight”.  Sorry Mr. Banker, you better be pretty good with a knife…End of rant.

p.s.  if I do get this done, you can bet I will blog about it and share everything I can to help the next person facing a similar situation.

Other parts of this series:

Part I:  https://movetobend.com/2011/03/how-to-beat-a-bank-in-5-days-part-i/

Part II:  https://movetobend.com/2011/03/how-to-beat-a-bank-in-5-days-part-ii/

Part III: https://movetobend.com/2011/03/how-to-beat-a-bank-in-5-days-part-iii/

Final Chapter: https://movetobend.com/2011/06/how-to-beat-a-bank-in-5-days-final-chapter/