The foreclosure market is taking over the whole country by storm and accounting for the majority of property sales. Just look at the active, sold and pending listings on the MLS and you will see a majority of them are short sales. Not just here in Florida but all across the nation.
If you are a Realtor® or Broker you are actually going to be involved in short sales one way or the other. It is inevitable. The days are long gone of just listing a house and putting a sign in the yard and having it sell. Today the challenge that Realtors meet and/or come across, is doing the extensive short sale paperwork and working with the banks. When you meet with a seller it is more involved than just getting the listing agreement.
You have to get an entire short sale package together and submit it to the bank. Then the waiting starts and you can end up losing more buyers than you can shake a stick at because of how long these banks are taking to approve the short sales. I have heard from some Realtors that after 120 days the BPO still had not been done. Of course with all the properties on the market right now it would be very unlikely that a buyer would hang around that long. So unfortunately, you will have many buyers that walk.
I hear it all the time, Realtors come to me saying "I lost my buyer and the property went to sale." "The bank didn't respond in time and my buyer got frustrated and found another property that was already pre-approved."
I can show you how to put together packages to get the banks to talk to you sooner rather than later. I have proven formulas and ways to get the bank to respond quicker.
Therefore your BPO is done quicker so you can move forward with the whole process and get your check cashed.
Learn more about how to successfully get that Short Sale done and get paid!
Join me at (CFRI) Central Florida Realty Investor FREE Meeting January 6, 2010, where I will be speaking on Short Sales, REO and Foreclosures.
Don't miss this RARE Opportunity to hear me Speak about Short Sales - REO's and Foreclosures for FREE and you don't want to miss out on the thousands of$$$$ in gifts and training I am giving away!
Get all the Exciting Information Here
To Your Success,
Hunter Paschall
407-772-2274
3dayslive.com
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