We wrap by talking to you about setting up your Short Sale operation like a business…not like any old business. We’re talking about setting things up like a finely tuned Ferrari. Outsource what you don’t want to deal with, bring a great team of professionals like an attorney, home inspector and experienced title agent. And [...]
Don’t assume anything when you are dealing with large lending institutions. We have seen clear evidence that the left hand often has no idea what the right hand is doing. You are NOT done managing this transaction until you confirm that the foreclosure has indeed been dismissed. In this video we tell you all the [...]
Like I said earlier, we aren’t doing this for practice. We are unabashedly working on Short Sales for the sole purpose of earning a profit..and oh yeah, helping the Seller avoid a foreclosure. In any event, neither of those objectives can be reached without getting the deal closed. In addition, if you are truly looking [...]
We can’t tell you how to negotiate. We can help you develop the skills, but most real estate agents are not trained to be skillful negotiators. Going back and forth with a Buyer’s agent on a contract isn’t negotiating. This is a skill to be developed, honed and practiced. You are about to enter into [...]
We’re almost ready to roll up our sleeves and get down to business with the bank. But first, let’s confirm they actually received our package and secondly let’s go ahead and have them order the BPO. It’s time we get this party started and what’s better than hosting a BPO party? anyone know how to [...]
Well we have spent considerable time compiling all of the data that the bank wants and we have also assembled all of the relevant support documentation that we need. Now it’s time to package all of this information and get it submitted to the bank so we can begin our negotiations.
Does the property have any code violations? Does the property have unpermitted work? Are there fines running on the property as a result of any code violations? How much are the fines? People, we’re leaving no stone unturned in our quest to find the skeletons in the closet that exist in every deal. It’s your [...]
This video helps you paint a picture to the bank that they are better off taking your offer for a discount rather than taking the property back via foreclosure and then having to maintain, insure, market and re-sell the property. If you have done your job up till now then you should be able to [...]
This video explains the single most important document in your entire Short Sale package. If you do not properly prepare the HUD Statement then you are dead in the water. It’s that crucial and that important. Deals die on the HUD. At the end of the week you could care less who FICA is…you want [...]
A successful Short Sale is predicated on proving the financial hardship of your client. At the listing sit you should have obtained certain documents from the homeowner. If you did not get them then you need to go back and watch the Listing video. In this segment we want to maike sure nothing has changed [...]
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