Posts Tagged ‘Sale’

Are You More Likely to See Bigfoot or a Short Sale Approval Letter

• Learn the top 2 reasons your short sale is REALLY taking so long
• Includes pre-listing questionairre
• Includes a Copy of our “Do Not Call Letter”

With this book, you will learn what you are up against, how to overcome ANY short sale issue, and most importantly, how to help your client get through this challenging financial time.

Includes actual responses to any short sale issue (your broker, and everyone in your office, will wonder how you are getting these closed)

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Price: $ 39.95

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Short Sale Rush

Short Sale Rush – A How-to Guide for Nonperforming Assets, is a controversial book about the biggest Ponzi scheme in U.S. Housing. It was written by an expert, Marian Anthony, a former mortgage executive and founder of a nonprofit mortgage hotline. Anthony suggests that qualified buyers can take possession of abandoned homes, following the provisions in Section 702 of Barack Obama’s Helping Families Save Their Homes Act. Using a Bona Fide lease agreement (paying fair market rents), buyers

Rating: (out of 26 reviews)

List Price: $ 19.99

Price: $ 5.98

Short Sale, A Practical Approach

The book, designed for buyers, sellers and agents, is a “how-to” guide to handling of short sale. In light of the housing bubble, the book is released timely to help those who can’t sell their home because the debt on their home is higher than its value. The book shows step-by-step how approval is obtained from the lender for a short payoff of the loan. Homeowners experiencing financial hardship do not have to face foreclosure. The short sale alternative, if approved, is a better choice. Agents

Rating: (out of 5 reviews)

List Price: $ 24.95

Price: $ 24.95

The Realtors Guide to Short Sale Success

Step by step, everything you need to know to get a successful closing on your shortsale property. Included are forms and techniques to get you more money at closing, help you negotiate better with loss mitigators, and inside information that is normally learned through experience. Best of all, the marketing campaign is little or no cost!

Rating: (out of 3 reviews)

List Price: $ 12.95

Price: $ 10.95

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The Realtor’s Auto-Pilot Guide to Short Sale Success

How to Make Over ,000 a Month Part-Time, as a Real Estate Agent In The Middle Of a Down Market
(While Other Agents Are Dropping Like Flies From This Business or Just Barely Scraping By!)

We have created the easiest & most complete, step by step guide to Short Sale $UCCE$$ in today’s real estate market.

It’s everything you need to know to make HUGE COMMISSIONS with Short Sales. Simply the easiest & most automated way for Agents like you, to get more listings, close more sales

Rating: (out of 12 reviews)

List Price: $ 12.95

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Question by advisor20: Has anyone dealt with a house that is a “short sale”?
I put a bid in on a house listed for short sale – it’s in pre foreclosure. Our bid is only k below asking price. It’s been a week and I have not gotten any response from the bid. This is going to be my second time dealing with a foreclosed home and it ending up going nowhere. I’m already approved for financing. It seems like every house I look at is in foreclosure

Best answer:

Answer by Lisa L
The company holding the mortgage has to agree to the short sale so that could be the hold up. Be sure you have an iron clad agreement from the company also. The attorney handling your closing needs to be in close contact with the mortgage company involved with the sale.

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Question by Holly B: What does this mean: “Bank approval required for short sale“?
I am looking at houses online for sale and I don’t know what this means exactly. I was hoping for an answer tonight – I’ll talk to my realtor tomorrow. Thanks!

Best answer:

Answer by trcharest
This only means that whatever is offered for the property, even though it may be full offer or better and the owner approves, the lender must approve of the amount so that they will know exactly what they will get from the sale.

“Short sale” means that the lender will be getting less than what is owed. This is also a lengthy process. I could take more than a several weeks to get a response from the lender.

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How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances

• ISBN13: 9780071635585
• Condition: NEW
• Notes: Brand New from Publisher. No Remainder Mark.

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind. How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances removes the complications and stress often associated with short selling a property. Using real-life success stories, Irwin explains how a short sale works and

Rating: (out of 2 reviews)

List Price: $ 18.95

Price: $ 10.69

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Question by #3 due 4/10: Has anyone ever been in a sale of a “Short Sale” and actually have it go through?
I am waiting to hear back from the bank on an offer we made and it’s a short sale. It seems as though these are very hard to close from what I hear

Best answer:

Answer by Marina R
We just closed on one, it took about 2 months to process, sale price 375,000 loan amount 495,000.

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Question by Radman: What should I know about buying a “short sale” house?
I understand there is no warranty and the buyer has to pay all the closing costs. Can I offer lower than the short sale listing price?

Best answer:

Answer by patrick
You can always offer less than asking. in addition, if you are using a real estate agent, you need to make sure the commission costs are included in the purchase price.
Be prepared for a long process. Bank owned property sales move at a snail’s pace. Often, the bank cant find the deed, because the mortgage has been sold so many times, so it would be prudent to ask if the bank has possession of the deed early in the process.

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