FDIC is negotiating cash offers verbally
Here is Southern Utah, where I currently live, I encountered some very interesting FDIC negotiation tactics….. verbal offers! Check out the video to follow my negotiation technique….so simple a GEICO caveman can do it!
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Great video blog post!
I can’t believe that they left the place unsecured like that. Those doors in the Garage would have been G-O-N-E in a lot of areas back here in Michigan.
It’s great to see that you’re extending your success and finding a way to make the business work in a new market.
Brian Kurtz | Dec 13, 2008 | Reply
Dude, great video. It’s great to get a sense of what you’re finding in the Utah arena, and how it compares to your old stomping grounds.
Make more videos!
…jp
jp moses | REI Tipss last blog post..Real Estate Purchase Contract…Undressed (Free Download, Plus Video)
jp moses | REI Tips | Dec 18, 2008 | Reply
Brian – I gotta admit that I am really surprised the FDIC didn’t at least put up a garage door. I mean those are some good doors. Theft doesn’t appear to be a problem, even though they are free!
Thanks for the kind words.
bobnorton | Dec 23, 2008 | Reply
You got it. More videos are on there way!
bobnorton | Dec 23, 2008 | Reply
Bob
Could you expand on details of the wholesaling the verbal offers? Do you actually enter into a written offer with the bank (FDIC) and then assign contract to your buyer? I’ curious how you control the deal without the buyer just making his own verbal offer to the bank and thus cutting you out. Thanks
Dave | Jan 16, 2009 | Reply
Dave – In this video scenario, I am simply negotiating everything verbally because that is what the bank suggested I do. I have offered $150k or so and if the bank countered me at $175k, I would then see if I could sell this property verbally to other buyers even though I don’t have a written contract with the bank. In this way, I am not really taking on any risk, but my downfall might be if I find a buyer and they try to go directly to the bank.
Hope this helps!
Bob Norton
bobnorton | Jan 20, 2009 | Reply
I love the IT technology, my dad got me my first pc for my birthday and ever since I became a big IT freak. I started internet marketing for the last four months and still looking for material that can help my marketing.
Jeff Paul Scam | Mar 3, 2009 | Reply
Hi,
Glad to stumble your article…Really nice video about garage doors..he explained very nicely abt the doors..
utah garage door repair
utah garage door repair | Mar 31, 2009 | Reply
What template do you use in your site
bukmacher | May 7, 2010 | Reply