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The Ultimate Short Sale Case Study

short sale case studyAs we have been buying a lot more property and reviewing a lot more deals, we’ve have been running into the same old problem over and over again.

The inexperienced real estate agent or title agent who is managing ..or trying to manage a short sale.

Many agents we speak to, if you get them on the phone, are still trying to do short sales like it’s the stone age. Why are you doing short sales with bows and arrows when we have guided missiles that can take down the biggest meanest bank and have them BEGGING you to take a property off of their hands.

There has never been a more opportune time for a short sale specialist to make some serious jack!  When I say serious jack I mean being able to make life changing income!

We’re about to see the second wave of foreclosures hit this year and too many agents and investors are ill-prepared to capitalize on this unbelievable opportunity.

Does this sound familiar?

1. Agent gets a listing for a short sale

2. Agent calls the bank to “see what they will take”.

3. Agent then either decides to either take on the short sale or outsources it to a third party

4. Agent places the property on the MLS

5. Agent waits for an offer

6. Agent is still waiting for an offer

7. Agent hounds the bank asking “what they will take”

8. Agent reduces the list price

9. Agent gets an offer, thinks it’s a low ball offer and the bank will never take it

10. Agent forwards the offer to the bank and the bank promptly declines it

11. Agent lowers the price again…but just a bit…

12. Listing expires or house is taken back by the bank

13. Bank sells house in days at a price less than what the Agent offered

14. Agent is left bewildered as to why the bank declined their offer

15. Agent moves on to their next short sale deal

16. And then proceeds to tell everyone that short sales suck, take too long and that the banks don’t respond.

C’mon, admit it, this does sound a lot like some deals that you’ve been doing or some that people you know are doing. It has to ring familiar because this is what most agents are doing out there. Since less than 20% of all short sales close there is a ton of failure out there.

There’s also a ton of money being left on the table. Let’s not be coy. If we were doing this for the good of mankind we’d be donating our services and would never need to worry about commissions…oh wait…that’s right, I don’t worry about commissions!

And neither should you. What if there was a way to get short sales done in a few weeks or less, would always close and could generate you way more than 3-6% of the deal. Would you be interested? Sure you would. The only problem is you wouldn’t pay for the knowledge because your too skeptical and you’re tired of being sold to.

Well, we’re going to show you how it’s done. Here’s what the Ultimate Short Sale Case Study is all about.

We are going to take your Average Joe in foreclosure, work with an agent to list the property, get it sold in a few days, and have the bank approve the price and close the sucker in under 30 days. And make in excess of 15-20% cash profit. That’s right. We’re going to make 15-20% or more of the purchase price of the house as cleared profit.

So let that sink in. We’re going to obtain a prospect, sell the house in days, get the bank to approve the deal, close the transaction and make a boatload of cash in under 30 days.

Now for the best part. We’re not going to put this behind the paywall of our Short Sale Video Course. Nope, we’re going to do this right out in the open. We’re going to show you the entire process documented with time stamps, videos…everything you need to see how a REAL short sale gets done.

Then when you see what we do, you’ll see for yourself the true power of our system and you’ll want us to teach you. So stay tuned. We’re working everything out with our attorneys, and short sale team and in a few days we’ll introduce the players involved and get to our first case.

So how can you lose? We’re not charging you anything. All you have to do is watch as we show you how to make more money, in less time, with minimal effort. And we’re going to show you all of this in real time, absolutely for free!

See if anybody else will do that for you!

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Written by Barry Cunningham · Filed Under Short Sale 

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Comments

8 Responses to “The Ultimate Short Sale Case Study”

  1. Jim McCormack on March 10th, 2010 1:22 pm

    I would be very interested in watching this short sale experiment from start to finish.

  2. Tony on March 10th, 2010 1:33 pm

    Barry and Barry:

    Can’t wait to see this. You guys (and let’s not forget about Robin) have done an OUTSTANDING job on all of your training. I look forward to each and every update. Keep up the good work guys and you too Robin.

    Thanks again for everything,
    Tony

  3. Peter Grib on March 10th, 2010 2:05 pm

    Last year I toook your course and others. Your’s was the least expensive and every bit as informative as others. I am retired and have been doing only 6-7 successful short sales per year with an average net of $18,000 ea.

    I would now like to go ahead full steam ( at least at my age of 75, what I call full steam) and do 12 -18 short sales per year.

    However, I must be missing the boat. Every one is saying what a great year this and next year will be for short sale investors. Ahain I must be missing the boat.

    How can I compete against or with the HAFA program ? What am I missing?

    A number of teachers of the Short Sale are saying that HAFA will not be successful. Will the banks even consider doing a non HAFA short sale?

    I do not want to hold on to a property for 90 days before I can sell it. What am I missing?

    I do not agree that the home owner will still have to make some kind of monthly payment to the mortgage owner while going through the HAFA program. What am I missing.

    There are a number of reasons why I do not understand how we as investors
    can continue to be successful doing short sales.

    I am very sincere in my request for help and understanding.

    I hope all it is ,is that I am missing or not understanding something.

    Please respond and help me. I do not want to miss the boat over the next 2 years.

    Thanks,

    Peter Grib

  4. Quincy Virgilio on March 10th, 2010 2:24 pm

    ok, you’ve got my attention….let’s see the video

  5. Barry Cunningham on March 10th, 2010 4:34 pm

    We just got back from a day of looking at some properties. We think we found a gem of a deal. What we’re going to show will be shown with the assumption that you don’t have any problem finding the homeowners who are in foreclosure but rather the problem lies in getting them sold quickly and for great profit.

    We’re going to show you:
    a. how we write our contracts
    b. how we package the deal to the bank
    c. how we manage the BPO
    d. how we work the HUD
    e. how we locate the buyer (here’s a hint http://www.robinashley.com)
    f. how we close the transaction…both times
    g. how we get paid…and well!

    All in about 30 days or less, on deals most would never touch!

    So stay tuned, let us get our contracts and paperwork in place with the owner and we’ll be posting regular updates including videos.

  6. Dustin on March 10th, 2010 10:44 pm

    You guys are always on top of your game, but I’m really interested in this case study!

  7. Barry Cunningham on March 11th, 2010 3:57 am

    Thanks Dustin…we get so many emails from people asking so we’re going to lay it all out. We’re sure some people will run scared and think it can’t be done…but it will be hard to ignore when it’s out in the open. Stay tuned

  8. Buying A Short Sale For Maximum Profit With The Help Of A Realtor on March 14th, 2010 5:11 pm

    [...] you’ll get something out of our short sale case study and turn things around. You’ll be amazed when you experience the bliss of short sale [...]

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