Endorsed By The Real Estate Arena
Question: What can cause the lender to foreclose and then
actually GIVE the property back to the borrower?
Answer: Today's market conditions.
True Story: Recently a lender actually went through the whole foreclosure
on a particular property
and then did the unthinkable...
They actually gave the
property back to the borrower…WITHOUT ANY MORTGAGE ON IT.
I know this sounds too
crazy to be true, but it actually happened.
Just as they had the chance to put
the property back on the market and at least try to recoup some of the losses,
it actually made more sense for them just too just give the property away.
The reality with all the foreclosures that are taking place
today, many banks cannot show the entire
non performing inventory
on their
books.
BOTTOM LINE, banks don't want to own real estate…they want to lend on
real estate.
And if their books get too out of whack…well let's just say there could be some
problems for the bank.
This has led to a tremendous increase in short sales - a
process whereby it is possible to purchase a property
that is in foreclosure for
LESS than is owed on that property. Sometimes tens of thousands of dollars less.
It's not so much that the banks want to accept less. The current foreclosure
rate is forcing many banks to take drastic action.
Today buyers using short sales to get properties for as
little as 30 cents on the dollar!
Even high priced properties in nice areas can
be bought at substantial discounts in many cases.
If you are searching for your dream home, short sales strategy could help you
save big bucks on your next purchase.
If you are a buyers agent, you could use short sales strategy to help your
buyers get more house for less money.
It sounds impossible, but it
really is true, and these deals really are out there.
IF you know how to negotiate them correctly.
So follow the logic, if banks don't want all of this foreclosed real estate on
their books, then it's safe to say
they may actually accept LESS than they are
owed for a particular property, rather than risk the possibility
of taking the
property back and getting stuck with it and maybe NOT making anywhere close to
what they loaned on it.
I hope by now you see the possibilities. If not, keep reading and you'll find
out why so many individuals around the country
are capitalizing on the Short
Sale Phenomenon.
I know, short sales have been around for some time now, so why is NOW such a
unique time to utilize this technique?
Because just having the correct
circumstances and knowledge is not always enough.
Many extremely wealthy people did not achieve success until the timing was
right.
And the timing for Short Sales has NEVER been better.
Let me just point out some very obvious factors to drive this point home.
1. You probably know that foreclosures across the US are skyrocketing.
2. Every foreclosure adds to the inventory of non-performing assets.
3. Banking regulations are forcing banks to do things today that were
virtually unthinkable just 3 years ago. Everyone knows the time for short sales
is right.
OK, now that we understand these facts, how do you capitalize on this trend?
It's simple, learn the Short Sale Process and simply implement it anywhere in
the United States.
The good news is that it works basically the same way
wherever you happen to be.
But who do you learn it from? We know there are literally hundreds of courses
floating around about this strategy.
Some are written by very famous seminar
"gurus" and cost thousands of dollars.
Some are written by not-so-famous people
and are not so expensive.
You guessed it, we have a recommendation. We wanted to do something unique.
One,
we didn't want a seminar guru, but someone in the real estate business with bonafide real estate credentials.
You know, someone in the trenches - someone
who REALLY has done short sales and does them regularly.
Second, we did not want
it to cost a small fortune, but we wanted something that gives HUGE value.
So The Real Estate Arena got our good friend, Georgia Real Estate Broker, Marie Whitton to write this manual.
Remember, not a
guru, but someone in the trenches. Someone who actually makes her living using
Short Sales
as a business and investing strategy.
We'll let her credentials speak for
themselves:
*
Broker/Owner of Premier Properties of NW Georgia, LLC
* Certified Residential Specialist (CRS)
*
Accredited Seller Representative (ASR)
*
Graduate of Realtor Institute (GRI).
* Active Investor In Real Estate since 1998
* Successfully Completed numerous Short Sales
*
Provides Broker Price Opinions for various lenders and Asset Mgt Companies.
* Lists and sells foreclosure and REO properties for various lenders.
*
Negotiates Short Sales on behalf of investor buyers.
* Specialties in the sale and transfer of real property by coordinating
activities of all parties and negotiated acquisitions and
disposition of such properties in the Residential, Commercial, Land, Investing and Bank
Foreclosures.
* Loss Mitigation Consultant for a Company that works with the largest Mortgage Servicers in America.
Bottom line is this, she knows her stuff. And she did exactly what we asked. She
didn't write a 300 page manual with tons of fluff and fillers -- so thick you'll
never get finished with it and thus never use it. And two---she didn't spend
half that space talking about a more expensive product that you'll need in order
be successful with short sales.
So how do we make this product inexpensive to purchase when it could actually
show you how to put tens of thousands of extra dollars in your pocket?
Well, we
got Marie to agree to do a "Mastermind" teleconference for everyone
who is using her short sales program. So check this out - Not only do you get
the step by step process and insider information for getting the banks to reduce
their pay-offs by literally thousands of dollars, but you'll also get Marie herself
to answer your questions.
We can tell you from personal experience, the ability to network with like
minded people is priceless. You are probably already aware that "mastermind"
groups can cost thousands of dollars in order to talk to real experts. This is a
rare opportunity, and it is your FREE bonus as a registered owner of this program.
If you are a Real Estate Agent or Broker, you'll learn how to help
homeowners avoid foreclosure while growing your own business.
If you are a Home Owner Facing Foreclosure buy this for your agent! And
discover how you may stop your own foreclosure.
If you are a Property Locator Working For Investors you'll realize how
to "create" a substantial base of new leads.
If you are an Investor Searching For Great Deals Short Sales could be
your ticket to the best buys in 20 years.
We
think the best way to tell you the benefits is simply to show you the table of
contents.
The list below is taken directly from the Table of Contents. It shows all the
important info you will receive
immediately after you complete your order:
What is a Short Sale?
Who is involved in a Short Sale?
Why would the lender accept a Short Sale?
How do you get the bank to say "Yes"
Who Can Work a Short Sale?
(hint: anyone willing to learn this skill may negotiate a short sale)
Step One - Initial Contact With Home Owner
Step Two - if you're a Real Estate Agent
Step Two - if you're a Buyer/Investor
Step Two - if you're a Short Sale Expert working with a
Buyer/Investor
Exhibit 1 - Deal Calculation Analysis
Step Three Obtaining Info to contact the Lender
Exhibit 2 - Short Sale Information and Contact Form
Exhibit 3 - Authorization to Release Loan Info
Step Four - Obtaining Financial Info for the Lender
Exhibit 4 - List of Required Info Needed For A Short Sale
Exhibit 5 - Sample of a Hardship Letter
Exhibit 6 - Request for Financial Info Loan
Step Five - Take Lots of Photos
Step Six - Repair List -
Example of Bid Statement
Step Seven - Preparing a Broker Price Opinion
Exhibit 7 - Sample of BPO
Step Eight - Prepare a Settlement Statement - HUD 1
Exhibit 8 - Settlement Statement HUD - 1 Blank - For Your Use
Exhibit 9 - Sample of actual HUD - 1 From a real short sale
Exhibit 10 - Another Sample of an actual HUD - 1 From a real short sale
Step Nine - Final Checklist of Required Homeowner Documentation
Exhibit 11 - Final Checklist of Documents required for
Short Sale Submission
Step Ten - Send the package - Helpful tips
Dealing With
Second Mortgages
Summary
All the Necessary Forms
These are simply all the steps needed in order to make the short sales happen.
No fluff, and No Fillers. Just the specific steps and all the forms you
need, including a blank HUD-1
Now you'll have access to all the forms you need for a typical short sale.
If you are a real estate agent or broker you should use Short Sales to
increase your existing business.
You'll discover how to salvage your property
listings when they are headed for foreclosure.
Now you have a way to help your sellers who are
facing foreclosure. Get more listings and sell more even in a "slow" market.
Agents who work with investor buyers will find new ways to produce great deals
for your clients. This program is a MUST-HAVE for smart agents and brokers who
want to offer additional services that are right in tune with today's real estate
market. Short sales are a strategy that agents need to be able to offer their
clients when other possibilities simply do not exist. It can help you sell
houses that cannot be sold for the amount owed, and it can help you create great
opportunities for your buyers.
Who Can Benefit From This Program?
Agents and Brokers - Increase Listings & Sales
Homeowners Facing Foreclosure - Potentially Avoid Foreclosure
Investors who want to buy at the lowest possible prices
Property Locators working with Investors - More potential leads
Buyers looking to purchase a home at a substantial discount
Anyone who wants to know how to get the bank to sell at a discount.
Along with the Short Sales course, you'll also receive
the following FREE BONUSES!
Our Real Estate Arena Guarantee: If you do not feel that this
program offers you a real opportunity to benefit
from short sales strategies, we will cheerfully refund your purchase price.
Check Out This Endorsement:
As Director of The Real Estate Arena, I am personally
involved in developing many of the educational materials that
are used at The Real Estate Arena. As a licensed real estate agent with Premier
Properties of NW Georgia,
I can personally attest to the fact that Marie Whitton is truly an expert on the
subject of Short Sales. She is my broker!
I have personally witnessed Marie in action, and I know first hand of her
expertise in real estate.
She often helps me with my short sales questions and strategies too.
I can't imagine a better source for such important information, than someone who
actually makes their living
with the same strategies that Marie is revealing in "Short Sales Short & Sweet"
It is clearly written, easy to read and understand. All you have to do is take
action!
I have personally tripled my own production using Short Sale Strategies taught
by Marie Whitton
Donna Robinson - TREA Director & Licensed Agent with Marie Whitton's Company
Send your questions about this product to
support@therealestatearena.com
This promotion is sponsored by The Real Estate Arena,
www.therealestatearena.com
Short Sales Short & Sweet is copyright 2007 by Marie Whitton, All Rights
Reserved