Recent Event Highlights: This Month in Real Estate (US) : June 2010, Short Sale HAFA - HAFA goes live at BofA - [ http] Deficiency Judgments - The Truth Behind The Short Sale, Short Sale Update for Real Estate Investors, Maryland Real Estate Investing Short Sales - Keys To Negotiating Short Sales, Attracting More Short Sale Listings in Real Estate, and 34 more...
Created by dipity on Jul 19, 2010
Last updated: 01/14/11 at 12:01 PM
This Month in Real Estate looks at the decrease in foreclosure filings, and how an increase in short sales might be playing a role in the number of foreclosures filed.
What's happening in the housing market? What's being done about it? Learn about the government's new HAFA program, providing foreclosure avoidance options including short sales and deeds-in-lieu of foreclosure. Here's the big picture, clearly explained.
shortsalepowerhour.com Fred Weaver of Group 46 Arizonas Premier Short Sale Team called BofA to get the low down on the new HAFA program. You're going to love this.
www.deficiencyjudgmentsx.com | Deficiency Judgments are the most misunderstood component of the short sale transaction. This video is an excerpt from one of our radio shows where we clear up the mistruths associated with deficiency judgments. If you're in foreclosure or if you know someone who is in foreclosure, then this information will surely help clear up sopme common misconceptions about deficiency judgments. Deficiency Judgment Deficiency Judgments short sale short sales foreclosure 1099 1099 vs. deficiency judgment
www.CashFlowInstitute.com Is the Government paying banks to do short sales? Are they also paying motivated home sellers who are behind on payments to do short sales? And why won't they allow investors to offer money to these motivated home sellers so they can profit a little, if they don't have a problem giving "incentives" to the very same people with our tax dollars? The government gets to do whatever they want. So we must follow along, play by the rules, and keep posted of new events so we can profit from them as soon as possible! Mark Walters
www.DMVRealEstateSecrets.com
Real estate training www.yourcoach.com In this short and timely real estate training video, Coach Tom Ferry gives you some great tips to attract more short sale listings this year!
How to get more short sale listings? Here's a powerful marketing strategy for working NOD lists and Pre-NOD lists that will increase your direct mail response rates by 10:1 - learn more about these and other guerrilla marketing strategies for real estate professionals seeking short sale listings at www.simplelistingsystem.com
Real estate training www.yourcoach.com In this video, real estate coach and author Tom Ferry gives you the right words to say (and write) when you are calling your past clients and centers on influence this month, in regards to short sales.
www.MortgageVideoBlog.com Here is the secret IndyMac and OneWest bank don't want you to know about. According to the purchase agreement with FDIC, IndyMac and OneWest can make more money by not doing loan modification and short sales.
www.allianceshortsales.com Click Here to Visit our Website Known to most real estate agents as REO Trans, the new Bank of America system Equator is in full swing. Want to know the best part? We get to image our own files! That means, at the very least, Equator should eliminate...
Real Estate Short Sale Training video. Learn how-to help people, make money using the NEW Short Sale Guidelines. Earn your HREU CDPD (Certified Distressed Property Designation). Get started for only $97. www.HarrisRealEstateUniversity.com or 866-422-9497
Pre-foreclosure Investor Buyout (PFIB) specialist John Michailidis was asked to give a video briefing for his friend and renowned short sale attorney Jeff Watson and his students. John talks about the federal indictment of two Connecticut real estate practitioners for allegedly scheming to defraud banks using bogus short sale transactions.
Short sale negotiation scenario based on an actual phone call.
Millions of homeowners are "under water" on their home loan and facing foreclosure. However, there are foreclosure alternatives. Learn more about the fastest growing alternative - Short Sales - and why this option is more attractive to both the homeowner AND the lender. Your qualified RE/MAX agent can guide you through the process.
There has never been better time to invest in short sales as a real estate investor. Watch this to see how easy and fast flipping short sales properties can be.
www.squidoo.com How To Do a Short Sale Why Would a Lender Accept a Short Sale? A short sale in real estate is not always a pleasant transaction. There are many ways to lose a home but signing away ownership in a manner that destroys credit, embarrasses the family and strips an owner of dignity is one of the hardest. For owners who can no longer afford to keep mortgage payments current, there are alternatives to bankruptcy or foreclosure proceedings. One of those options is called a "short sale." More than half of my sales in Sacramento over the past few years are short sales. That's how prominent short sales have become. When lenders agree to do a short sale in real estate, it means the lender is accepting less than the total amount due. Not all lenders will accept short sales or discounted payoffs, especially if it would make more financial sense to foreclose; moreover, not all sellers nor all properties qualify for short sales. If you are considering buying a short sale, there could be drawbacks. For your protection, I suggest that all borrowers: * Obtain legal advice from a competent real estate lawyer * Call an accountant to discuss short sale tax ramifications As a real estate agent, I am not licensed as a lawyer nor a CPA and cannot advise on those consequences. Except for certain conditions pursuant to the Mortgage Forgiveness Debt Relief Act of 2007, be aware the IRS could consider debt forgiveness as income, and there is no guarantee that a lender who accepts a ...
Real Estate agents are being faced with the need to do short sales. So why do real estate agents hate short sales? I'll tell you why they can be very frustrating. One of the Reasons they are so frustrating is that they take so long and you can lose your buyer while you wait for the answer from the bank. If Realtors can change their perspective on this first buyer it can make a big difference in their short sale. Alliance Short Sales in a company that provides: Education for Short Sales, Short sale Processing, Short Sale negotiation training. We would love to help you with your short sales with education, advice or service. Contact us at 509-747-1101. Short Sales suck, help me with my short sale, help with short sales, short sale negotiation, short sale negotiation, short sale negotiation company, short sale processing, I need help with my short sale, what are lenders thinking with a short sale, lenders suck, how do I stop foreclosure, I want to stop my foreclosure (forclosure), I need help with B of A, Banks of America, Chase, Washington Mutual, Country wide, countrywide sucks, What is the number for my lender, HSBC, Customer Service, Aurora, Wells Fargo, Short Sale success, Jessica Side, Matt Side, Alliance Short Sales, Alliance, Real Estate Agent Training, Short Sale Training, Short Sale Training for Realestate Agents, Short Sales in Seattle, Sucess in the Seattle market, Seattle Short Sales, Will a bank do a short sales, what banks do short sales?, will I qualify for a ...
Bob Massey of www.TheAgentMagnet.com talks about Obama's new housing recovery plan and how it affects investors. fpllctam09
REItips.com - This is my quick-and-dirty review of DC Fawcett's Virtual Short Sale Investing Blueprint, which he's made available for only the cost of shipping for a limited time. It's not all positive, and I talk openly about "the catch" - I'm just being totally honest. Also I was supposed to be watching the kids while Kara gave a baby shower downstairs...so please pardon the "pin the tail" game in the middle. :-) Anyway, for anyone who was thinking about this but not sure about it, this will help you size it up before he puts an end to the whole thing tomorrow (Sunday) sometime. Enjoy! :-) ...jp -------------------------- DC Fawcett Short Sales Short Sale Virtual Short Sale Investing Real Estate Investing Flipping Houses Foreclosure Investing Flipping Homes Flipping Real Estate
www.shortsalesriches.com Nathan "The Shorts Sales Kid" Jurewicz speaks at a realtors convention in Las Vegas about the "stupidity" of some title companies and how not to be negative.
www.TransactionalFundingForYou.Com - This is an incredible short video that explains how you can get real estate wholesalers to give you free short sale leads so you can utilize transactional funding for your short sale flips.
Secrets2ShortSales.com In this clip Lee Honish, former chief loss mitigator, discusses what banks really want. In Lee's classic, no holds barred style, he reveals what the banks are really after...Agent's commissions. He talks about how the mitigators think as they approach a short sale and why it can seem so challenging to know what to do next. Do banks string you along just so you'll get desperate and give up your commission so you can get it closed and get paid something? Could they be that diabolical? Catch the entire 3 hour presentation at http
www.shortsaledemo.com A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property.[1] In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Most Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In 99% of all cases it is not a settlement-in-full. A deficiency balance will remain while the mortgage broker, real estate agent / broker, loan officers, title and closing agents still remain getting their profit. And no regulatory agency governs this hybrid transaction. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower's financial situation. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner ...
www.ShortSaleFundingForYou.com - Ten Easy Steps To Find Lenders With No Title Seasoning For Your End Buyers. If you are flipping short sales you will need to find lenders for your "C" buyers or end buyers that do not have title seasoning requirements, here is how to do it.
A comparative survey of short sale value vs. REO VS normal listings From Lee Honish the short sale genius seminar and system. More information visit www.shortsalegeni.us for information about closing short sales and having a close ratio of up to 100% with higher grossing commissions. Lee Honish is the former loss mitigator for IndyMac Banks HELOC division. He has mitigated thousands of files and had the highest industry return of record, getting over 50% return for the bank on its short sales. He has over 20 years of experience in the field of asset management.
www.ivfinancialsolutions.com funds back-to-back closings and brings you this Q and A with BPO agent
www.ivfinancialsolutions.com funds back-to-back closings and brings you this Q and A with BPO agent
www.ivfinancialsolutions.com funds back-to-back closings and brings you this Q and A with BPO agent
www.shortsaledemo.com Breaking Video News - HAFA Program April 5, 2010 Learn How To Do A Short Sale in less than 3 minutes. Simple Short Sale Offer Wizard...
Many people think you save money by buying a home that's a short sale or foreclosure. That's not necessarily true. Even if you do save money on a short sale it can take longer to close on escrow. California real estate agent Charlotte Laws talks about saving money with short sales or foreclosures.
When you owe more on your home than it's worth you may want to do a short sale. In a short sale the bank forgives some of what you owe them. It's more cost-effective for a bank to do a short sale than foreclose on a home.
www.shortsalesriches.com Nathan Jurewicz gets his first hate e-mail from a customer being skeptical of his Short Sales Real Estate Program. After the disgruntle Mike Payne spends the day with Nathan he soon becomes a believer. www.shortsalesriches.com nathan realty house sell money crib case study educational short sale sales preforeclusre pre-foreclosure real estate investing investment investments flipping houses homes bail out guru
www.ShortSaleFundingForYou.com -Short Sales - How To Make an Extra $5000-$20000 A Month With No Additional Work
Dave Ramsey from Fox Business Interviews National Short Sale Expert Michael Hellickson to learn how the short sale process works and how The Short Sale Company founded by Michael Hellickson is helping both home owners and real estate agents around the country.
www.TheShortSaleSecret.com - This is a video of how one of my students closed a luxury home short sale deal on his very first deal with no previous experience, only $914.00 invested in the deal, and no use of his own credit. He made $169742.00 WOW
Short sales may mean major money to real estate buyers and easy exits for troubled homeowners.
Suzy explains the past tax consequenses of a short sale and how the new "Mortgage Forgiveness Debt Relief Act of 2007 HR 3648" helps people trying to complete a short sale More information at: sccrealestateuncensored.com/2007/mortgage-forgiveness-debt-relief-act-2007/ micasamidinero.com/2007/mortgage-forgiveness-debt-relief-act-2007/
How to write a Short Sale Hardship Letter Short Sale Foreclosure Professor www.bknegotiate.com
www.bestshortsales.com Short sales package best resource for how to do short sales includes Authorization to Release Information, Seller's Hardship Letter, and Seller's Financial Information, Repair Estimate for the Property plus more important short sale contracts and short sale documents.
NoteBuyingProfits.com SHORT SALES? MHHHH... Watch this Video... Training, Tools & Tips to Profit from Discounted Bank Notes. Hours of FREE Training Videos at http plus lots of FREE info at NoteBuyingProfits.com non-performing notes, nonperforming notes, non-performing paper, nonperforming...
Secrets2ShortSales.com Lee Honish, former Chief Loss Mitigator for a top 10 bank, teaches real estate agents and Realtors how to evaluate a simple short sale scenario. Lee teaches hundreds of agents every week to cut through the red tape and bureaucracy's of banks and get more short sales closed in less time. With is 20+ year experience in asset management and loss mitigation he quickly cuts through the BS and Smoke and mirrors other 'experts' have been laying on them that have confused many agents in to thinking they don't have a future in this market.
why foreclosure short sales get approved
If you're looking for some HOT short sale tips, check this out. It lets you know what short sales are and how you should go about doing a short sale, To get the negotiating done for you, check out realestateinvestorshortsales.com
INVESTING IN SHORT SALE PROPERTY IS A GREAT IDEA RIGHT NOW. KEY IS THE NEGOTIATOR THERE IS A LOT OF MONEY TO BE MADE IN SHORT SALES IF YOU KNOW HOW.
SHORT SALE & FORECLOSURE PROFESSOR PRESENTS THE MOST IMPORTANT JOB OF THE SHORT SALE & FORECLOSURE NEGOTIATOR. These are the people who actually make the deal happen for you.
Short Sale everyone wants to know. What is a Short Sale? Here is the answer from Tampa Short Sale Expert Mike k form www.mikekteam.com
www.totalfinancialliberty.com http www.shortsaleforcash.com In this video ,Fred Burke talks about the first call to the bank when you are attempting to complete a Short Sale Deal. TotalFinancialLiberty.com is in no way associated with the following groups or indivduals Robert J. Abalos,...
Call me anytime at 678-439-8683 - I am a Georgia/Southeastern Lender kennycook.com
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