http://www.MyShortSaleClub.com Tue, 27 Jul 2010 18:13:44 +0000 http://backend.userland.com/rss092 en To the new real estate investor it can be a little confusing when trying to figure out all the reasons a bank would have to approve a short sale. As you assemble short sale packages on behalf of your distressed homeowner, keep the following reasons in mind: The mortgage is ... http://www.MyShortSaleClub.com/why-do-banks-short-sale/ *** New 6-Part Video Series - Real Estate Offer Calculator *** The most important question you need to answer about every investment property you evaluate is: How much should I offer? Every real estate investor knows that profit is made when you purchase, not when you sell. If you want to ... http://www.MyShortSaleClub.com/how-much-should-i-offer/ When you’re first getting started in the Short Sale business you’ll need to start telling EVERYBODY about what you do. Let everyone know that you’re the short sale expert, the local go-to guy or gal. You’d be amazed at the number of people who know someone who needs your help ... http://www.MyShortSaleClub.com/short-sale-marketing/ Initial Calls to Loss Mitigation You’ll initially call the customer service number provided on the homeowners payment stub. If this number is unavailable, you may need to Google the mortgage company’s phone number. The objective of the first call is to obtain a fax number where you can send the ... http://www.MyShortSaleClub.com/calling-loss-mitigation-short-sale/ Hardship Letter – This is a letter composed by the homeowner that explains to the mortgage company the circumstances that have led to the missed mortgage payments. The homeowner needs to make it clear that there is no hope of curing the default and a short sale is the only ... http://www.MyShortSaleClub.com/sample-hardship-letter-1/ The Basics - Short Sale Forms What is a short sale? It is a transaction where a mortgage company agrees to accept a payoff on a property that is less than the actual amount owed. What are the typical short sale forms included in a short sale package? Authorization to Release Information – ... http://www.MyShortSaleClub.com/short-sale-package-basics/ Have you heard about the strategy called 'everybody wins'? This strategy is used by many businesspersons who are into buying foreclosures. It involves the investor, the lender, and the homeowner. Homeowners who can't pay their mortgage on time or probably missed to pay several mortgages will later on have their ... http://www.MyShortSaleClub.com/three-important-stages-when-buying-foreclosure/ If you are not able to pay for your property payments on time, your lender can proclaim a foreclosure and default on your property. The deed that could merely be foreclosed by means of a court action is called the mortgage foreclosure. Normally, a mortgage foreclosure is called as the judicial ... http://www.MyShortSaleClub.com/mortgage-foreclosure-how-it-works/ Stop Foreclosure Sale Short sales are known to be a helpful technique for acquiring discount properties in real estate. This makes large investment potentials and is a requisite if you wish to become competitive in this field. One significant step in the process of short sales is being able to obtain ... http://www.MyShortSaleClub.com/short-sales-and-its-function/ A short sale is made when the lender allows a reduction on the mortgage to stop foreclosure sale or even bankruptcy. Rather than purchasing from the seller, you are directly buying the property with a reduction from the lender. For instance, a homeowner who’s facing a property foreclosure has an ... http://www.MyShortSaleClub.com/short-sale-what-is-it/