What do I do if a bank won’t take my lowball short sale offer to buy for cash?

Good question.

There is no magic bullet to this. You can try a few things like trying to explain with some written communication why your offer is so low. Any sort of pictures showing damage can help. You also can try to contact other people that know people that work at the bank and ask them to talk to the person making the decisions.

But, at the end of the day, you need to move on to another short sale if the bank won’t take your lowball offer, you can either accept the price they come back at or negotiate a little more and move on.

Not every deal can be closed. The key is to work each deal properly and when the amount of time invested becomes too costly for the gain, cut the deal loose, and move on to another deal.

In the time you spend arguing with the bank or trying to convince the bank to accept your lowball offer, you could have found another deal at a different bank. Sometimes in order to move forward you have to let go of something in your hand to try and grab at something better.

You should start going to the weekly investor meetings on Sunday where I educate investors on these and other topics. You also can meet sometimes very wealthy and successful investors that have a lot of experience at these meetings. Many of them are friends of mine that I have known for years.

We have a meeting each Sunday. Just go to www.benjaminzmiller.com and then look for the meetup link.

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
ben@benjaminzmiller.com

https://www.linkedin.com/in/benmillersells/
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