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Anna Rose

FROM ANNA ROSE!!!!!!! YOUR LOCAL EXPERT ON SHORT SALES AND FORECLOSURES!!!

01-02-09
Anna Rose

KNOW HOW TO PRICE A SHORT SALE!!!

I've learned a lot from becoming a Certified Short Sale Professional. Especially, when it comes to Pricing a Short Sale. This requirement can be the most difficult and time consuming stage of the process.When it comes to pricing a Short Sale there's a different school of thought. I have studied the process of pricing a property extremely low in order to get multiple offers in hopes that the bank approves one of them or the buyer is willing to "bump up" in price in order to satisfy the lender. My study has clearly shown that this waste too much time (of the selling agent and buyer's) which has contributed to the negative reputation of short sale agents.

This is why we need to do the numbers right and be realistic when choosing to help a seller with a Short Sale. Short Sales aren't always STEALS!!! If a property is listed super low, then ask questions because it could be an offer trap!!!!

"If the property is priced right, the seller is cooperative, and accommodating, then getting an offer shouldn't be too difficult."

Thanks for reading,

Anna M. Rose

annarose@carolinaone.com

www.AnnaRose-RealEstate.com

Cell Phone: 9843) 568-6139

"My Professional Competence, Is Your Personal Confidence!!!"

FROM ANNA ROSE!!!!!!! YOUR LOCAL EXPERT REALTOR!!!!!!!!

01-02-09
Anna Rose

When it comes to Real Estate, I have the Professional Competence, for Your Personal Confidence!!!

With a New Year brings New Beginnings!!! In today's market, it's important to be up-to-date and able to adapt to change. With saying that, I bring something new to the table every year!!! I'm one of the few Certified Short Sales Professionals within my area. As well as now being the Exclusive Realtor for US HUD Foreclosures for Berkeley County and surrounding areas within the Low Country of South Carolina. I bring distinctive experience, extraordinary knowledge, extensive skills, and determination to do this trade. In essence, this is why I feel I would be a great choice for your real estate needs!!!

I'm here to provide you with the real estate knowledge and give you the VIP treatment when it comes to Service!!!

Thanks for reading,

Anna M. Rose

annarose@carolinaone.com

www.AnnaRose-RealEstate.com

Cell Phone: (843) 5685-6139

HELLO from your local Short Sale Professional!!!

12-30-08
Anna Rose

It is understood that some consumers are in areas where home prices have declined and is now facing a difficult situation. When you're upside down (owning more on your mortgage than the present value), this loss in value is combined with accelerating loan payments and/or unexpected changes in your financial situation (such as loss of employment, medical expenses, marital issues, etc...). This can be a reason for a consumer to be faced with possible foreclosure.

Many lenders will consider a Short Sale only after retention (focused workout options-such as extending the loan term or reducing the interest rate). If you already tried to work things out with your lender(s) and still can't get ahead, in such cases-Short Sales are often the best option to help a consumer avoid foreclosure.

As a Certified Short Sale Professional I can handle the challenge of Short Selling your property and prevent you from succumbing to the many pitfalls that can beset those who are not familiar with the process.

If you're in a hard situation with your property, please don't hesitate to call me. I provide a free consultation for all those in need.

Thanks for reading,

Anna M. Rose,Realtor®

AnnaRose@carolinaone.com

www.AnnaRose-RealEstate.com

FROM YOUR LOCAL SHORT SALE PROFESSIONAL

12-29-08
Anna Rose

One of the main things that sellers and real estate agents worry about in doing Short Sales is "Not Having Enough Time to Finalize Quick Enough To Prevent Foreclosure". As we all know, Short Sales can be very complicated and stressful transactions. If you're going to be involved in doing these types of transactions, then you need to know your time line before you start a Short Sale. You will need to know:

  • How many payments is the client/seller behind?
  • Has the client/seller received the "Notice of Default"? If so, when?
  • Has the client/seller received the "Notice of Trusty Sale"? If so, when?

START THE SHORT SALE APPROVAL PROCESS BEFORE THE 1ST OFFER COMES IN!!!

Many lenders will require the client/seller to provide an application package. You can have this done before the 1st offer comes in!!!!

For many lenders, the Application Package includes:

  • Cover Letter with a Checklist of Items Enclosed-Always include a brief synopsis (Highlight strong points).
  • Completed Financial Disclosures (Application that indicates client/seller information, Expenses itemize, Proof of Income for the past 2 pay periods, Copies of last 2 bank statements and other assets-ALL PAGES, Copies of last 2 years Full tax returns with W-2s and 1099s).
  • Hardship Letter-MUST BE HAND WRITTEN=Be Specific!!! Indicate Dollar Amounts, Dates, and a signature at the bottom of letter.
  • Fully Executed Listing Agreement and the MLS Printout.
  • Third Party authorization form signed by client/seller and real estate agent/broker.

OPTIONAL DOCUMENTS

  1. Appraisal or BPO (All lenders will order their own but it's great if you have one to show that way they know what type of property the client/seller actually has).
  2. Deferred maintenance photo pages with captions and Itemized cost breakdown.
  3. Neighborhood foreclosure statistics.
  4. Proof of active listings in the area that are lower and not selling (this helps prove the offer you have on your listing is a reasonable one).

Do the research on the property. Convince the lender that this client/seller and property is in trouble. To be interesting, be interested.

Thanks for reading,

Anna M. Rose

www.annarose@carolinaone.com

www.AnnaRose-RealEstate.com

Cell Phone: (843) 568-6139

More Information On Short Sales

12-21-08
Anna Rose

Why should Realtors get involved and do Short-Sales?

1) Foreclosures have almost doubled since 2007.

2) Housing prices continue to drop.

3) Thousands of loans are adjusting and there is not enough value to refinance.

Short Sales will more than likely become the most common type of real estate transaction during this market phase. Now is the time to be open to change and be able to adapt to market conditions. Learn and understand the foreclosure laws and become an Expert at Short-Sales. It just might be your new secret to success in the real estate business!!!!

Thanks for reading,

Anna M. Rose

www.AnnaRose-RealEstate.com

annarose@carolinaone.com

"My Professional Competence, Is Your Personal Confidence".