Boy…this is a biggie.
Maybe the most important thing that will make or break a loan sale is getting all parties on the same page—from pricing expectations to the timing and mechanics of the transaction. Clear communication upfront! Ideally, get everyone’s understanding of their expectations in writing (via email).
When the buyer and the seller cover key points upfront, they are much more likely to work through tough issues during the transaction. And tough issues…well…they happen.
Click here if you’re interested in working with a firm that avoids these hazards.