What is a Short Sale?

When a lender accepts a lower payoff amount than the total amount owed on an existing mortgage.

Did You Know?

It’s no secret that we’re in the midst of a nationwide real estate foreclosure tsunami. Here is Texas, there are over 100,000 homeowners that are posted for foreclosure every year. Unfortunately, more than 95% of all these foreclosures end up being bought by lending institutions and we think that is a darn shame. We believe that we have designed a real estate course that will help you make money on properties that have NEGATIVE EQUITY (someone who owns a house for more than the house will sell for today). Learn specific steps to assist delinquent homeowners and negotiate a discounted price with the bank. Learn the effective ways to create win-win situation for all parties (owner, lender and investor/agent). Whether you believe it or not, the bank will accept a “short sale” instead of foreclosing on the property IF you know how to present your offer. Learn the system on how to locate, control and profit from this hidden profit transactions.

What You Will Learn

• • Three ways to find short sale leads
• • Texas-specific rules and regulations
• • The four options available to homeowners
• • Which liens will “suffocate” the short sale process
• • The 9-step process
• • FHA/VA and Conventional guidelines
• • How to negotiate with 2nd lien holders
• • Questions to ask that qualify the homeowner
• • The Financial Statement Program
• • How to submit your offers the right way
• • Successful BPO’s (Broker Price opinions)
• • How to find qualified buyers in days for your short sale listing
• • How to fill out a net sheet for short sale transactions
• • Effective short-sale case studies
• • How to duplicate this system over and over

Workshop includes:

40 page step-by-step manual, 3-hours of instruction, forms, addendums, marketing pieces, disclosures and videos (web-based course only)