Posts tagged "Simple"

Short Sale Training For Agents – Simple Scenario

Secrets2ShortSales.com Lee Honish, former Chief Loss Mitigator for a top 10 bank, teaches real estate agents and Realtors how to evaluate a simple short sale scenario. Lee teaches hundreds of agents every week to cut through the red tape and bureaucracy’s of banks and get more short sales closed in less time. With is 20+ year experience in asset management and loss mitigation he quickly cuts through the BS and Smoke and mirrors other ‘experts’ have been laying on them that have confused many agents in to thinking they don’t have a future in this market.

HOW TO DO A SHORT SALE in 3 Minutes! – Simple SOFTWARE

A short sale occurs when the proceeds of a real estate sale fall short of the balance owed on the property.[1] In a short sale, the bank or mortgage lender agrees to discount a loan balance due to an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank’s Loss mitigation department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender, sometimes (but not always) in full satisfaction of the debt. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Most Short Sales leave a deficiency balance for which the Mortgagor / Borrower is still liable. In 99% of all cases it is not a settlement-in-full. A deficiency balance will remain while the mortgage broker, real estate agent / broker, loan officers, title and closing agents still remain getting their profit. And no regulatory agency governs this hybrid transaction. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market climate and the individual borrower’s financial situation. A short sale typically is executed to prevent a home foreclosure. Often a bank will choose to allow a short sale if they believe that it will result in a smaller financial loss than foreclosing. For the home owner, the advantages include …

Loan Modification Made Simple GuideBook.

An Insider Guide To Understanding Loan Modification And Preventing Foreclosure. This Book Now Becomes Required Reading By Virtually All Homeowners Those Are In Imminent Danger Of Losing Their Home.
Loan Modification Made Simple GuideBook.