Short Sale Essentials Pt 2: What’s Inside the Lender’s Head?
So here’s another freebie video content from the “Short Sale Essentials” seminar Shaun recently gave in St. Louis…
This one’s all about getting inside the lender’s heads a little more, and seeing any potential short sale deal through THEIR eyes.
Questions answered in about 19-ish minutes or so…
- Can you convince *ANY* lender to seriously consider a short sale if you give them the right information?
- What’s the ESSENTIAL ingredient if you really want to justify a big discount?
- Can income tax liens be negotiated down? (probably going to surprise you here)
- Which is more important: How much the seller owes, or how much the house is worth?
- How does foreclosure really effect each of the lenders (1st, 2nd, 3rd, etc) — who does what, who GETS what, and why?
Enjoy…
I really hope you enjoyed last week’s previous 2 videos (this one and this one).
Stay tuned for even more of these soon. And please…
April 8th, 2008 at 10:13 pm
That was a good freebie, part 1 and 2…what I can’t wait to see is the paper work on how you submit it to the bank. I have done around 12 short sales but I feel I am leaving some money on the table. I average around 15k-27k on my deals with the bank. Not bad but around 30% of the deals get turned down. Hmmm wish I had an idea on why?
Can you do one on the paperwork and how you word or list the repairs as that is where I don’t get the full amount as the realitor (appraiser) who checks the property always list it at a higher worth amount.
April 9th, 2008 at 12:49 am
Great information. I would love to see something on how to fill out the paper work. I’m a beginning wealth builder and would like help understanding real estate contracts and short sale packets. Thanks for doing what guys do, God Bless.
April 9th, 2008 at 5:06 am
Great Video cant wait to see the next ones!
May 23rd, 2008 at 7:12 pm
In consideration of title issues etc. with the quick flip short sale; I was wondering how you go about selling the property while awaiting the short payoff approval. I have all my short sales approved but need to know the best way to make the good money. As short sale negotiator, I usually only make 6% as negotiator on “non realtor” sales. If realtors are involved, I usually take 2% or the bank attempts to cut me entirely out of the equation.
I need to figure out the best way to buy and flip before I actually take ownership.