Denice Thompson Neddo

On Thursday July 16, 2009 from 8:00 A.M until 5:00 P.M. Michael Kaminski Seattle attorney, broker and short sale expert will be holding a 7.5 Clock Hour Bootcamp at New Tradition Homes 11815 NE 113th Street, Suite 110 Vancouver, WA. For only $99 for 7.5 clock hours you may qualify to be a Certified Short Sale Expert (CSSS). Learn the traditional method of short selling along with other structures such buying wholesale and reselling at retail. This class will examine in detail the legal and ethical traps for the unwary. Enroll by clicking http://www.washingtonshortsalecertification.com/enroll-today
Only 48 hours left until the start of class and enroll now while there is still availability

Challenges facing realtors doing short sales
1. LIMITED EXPERIENCE: Many realtors are new to the short sales process and lenders' lack trained and experienced staff to process short sales. This makes negotiating a short sale particularly difficult.
2. LACK OF UNIFORM PROCESS: Every lender has their own system and set of paperwork. They lose documents, require multiple submissions, give conflicting instructions.
3. MULTIPLE LENDERS: Second lien holders often hold up transaction by holding out for the largest possible payment, even though in foreclosure they will get nothing.
Every deal is different - Experience counts!
Realtors are dealing with unresponsive lenders; lost documents, multiple submissions, inaccurate or unrealistic home value assessments, long processing delays and impatient buyers who walk away.
To navigate these variables, you need to learn how to do Short Sales the right way by a real estate attorney and broker with 30 years in the industry and a track record of over 30 successful short sales in the past 18 months. you want to know more about me, go to http://www.washingtonshortsalecertification.com/ and Funder's Choice http://funderschoice.com/ websites.

If you like what you see, IMMEDIATELY ENROLL by clicking onhttp://www.washingtonshortsalecertification.com/enroll-today in my Certified Short Sale Specialist Bootcamp. I'll only be offering a handful of these courses this summer as my time is quickly becoming consumed by brokering deals.

Enroll in 7.5 CLE Hours on Short Sales
I've talked to a lot of Realtors just like you who find themselves in a tough spot when it comes to guiding their clients through the available workout solutions. That's why I developed my one-day intensive Certified Short Sale Specialist Bootcamp.

GET YOUR COMPLIMENTARY REPORTS - This is Need-To-Know Information!
One of the most watched indicators in the real estate industry is the Case Shiller Index. I ran across a compelling report that I think every realtor should review. It is by Mike Shelock, (no I don't know him,) but he presents dozens of charts prepared by Case Shiller that tell an amazing story.

To see EXACTLY what is going on in the real estate industry click on http://www.washingtonshortsalecertification.com/mortage-workout-loan-modification-roadmap to order your 15-page copy of Mortgage Meltdown, More Pain To Come full of Case-Shiller Charts. Plus, when you sign up I'll send your a 20-page Roadmap to Workout Alternatives for Distressed Properties! Both are my gift to you and will give you valuable information when working with your clients.

Sign up for your Case-Shiller Charts and Work Out Roadmap!
Get trained at our Certified Short Sale Specialist Boocamp!
Get into the game and build a Short Sale Business!

See you in class!

This is a must attend class. Short Sales are not going away any time soon, and all Washington Reators need to understand the process and how to profit in this market.

Denice Thompson Neddo

Licensed in Oregon and Washington

To Search Homes Like A Realtor click here

( 360-607-4226 - Vancouver

( 503-756-9759 - Portland

7 360-397-0478 - eFax

8 Denice@DeniceNeddo.com - Email

http://www.deniceneddo.com/

http://www.PortlandVancouverHomeSavers.com

Check out my Blog! Click here

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Just because you want a Loan Modification, doesn't mean you will QUALIFY for one. Here is the truth, no one seems to want to hear it, but here it is:

YOU STILL HAVE TO HAVE AN INCOME THAT SUPPORTS AND QUALIFIES YOU FOR THE LOAN!

The loan modification has to work for the lender, too. Why on earth would any bank make a bad loan now, especially now? If you have lost your job, and have no way to repay the loan, modified or not, why would the bank want to take on that risk?

The few loan modifications that I have seen approved, have involved adding any missed payments and fees to the remaining principle of the loan, lowering the interest rate, and lengthening the term of the loan (usually to a 40 year amortized loan). This type of a modification will lower your payment, but the house is still, more likely than not, worth less than you owe.

If you feel this is unfair, that you have heard on the TV, radio, and read in the newspaper and online that the government is helping people stay in their homes, and you are not one of them, you must be realistic. A bank must minimize risk, especially now in times where so many homeowners are in over their head with a mortgage that exceeds the value of the house.

Your alternative may be to simply sell the house and move on. Do some research on Short Sales and see if this is an option for you. But don't wait too long. If you have missed several payments on your mortgage and other debt, you may not be able to find a rental. Act early! If you let the bank foreclose on the property, that can affect your credit negatively for the next decade! If you have only missed a payment or two, DO SOMETHING NOW!!! The longer you wait the harder and more expensive it will be to the effects on your credit score.


For more information on Short Sales and Loan Modifications, contact me.

Have you rented a vacation home on the Washington Coast lately? Have visited Wasington State and not taken a tour of beautiful scenery and wildlife on the Northwest Coast ?

This year reservations are coming in early. People are planning more in advance than in past years. If your plans include a trip to Washington State this summer, you will want to see the coast, and now is the time to reserve your spot. For information on Long Beach, Washington and the Long Beach Peninsula, click here:

http://www.vrbo.com/199822

Biking, kites, walks on the beach, salt water taffy, boardwalk, sand, surf, clam digging and more!

Come play!

Saving the seller from foreclosure may mean saving the seller from the wrong agent. I work with a group of investors that are making offers on pre-foreclosure properties, and negotiating short sales. Once they acquire a property, they do all they can to sell it for a profit as soon as possible.

Recently, I sent out an email to my friends and email list letting them know that I have cash offers waiting to help people they may know avoid foreclosure. I received a call a few days later from a gentleman that got my number from a mutual friend. He explained to me that his house was about to be foreclosed on, and asked if I could help.

I explained how my investor's process worked and he said he was interested in seeing if we could make this work for him. He went on to explain that the house had been listed with an agent for quite some time, yet they had not received any offers. I told him I would need to contact his agent, and we talked for a few minutes about real estate agency. Later that day I received an email with his real estate agents contact information.

First thing the next morning I contacted the listing real estate agent for this house. I explained that I had a buyer with a cash offer and that my investors do the short sale negotiating. I went on to tell him these investors have their own paperwork and purchase agreements that they use, and that I would be able to get an offer to him in minutes if I knew a bit about who the lenders were, the amounts owed, etc. Here is where things got ugly....

Mr. Agent told me that he did not think it was in his clients best interest to have someone other than him (the agent) do the negotiating with the bank. He did not want to release the information necessary for me to determine if the house fit my investor's model for properties they wish to buy, either. I should have insisted at this point that he call his seller and let the seller make that decision. Instead, I moved on to the next property....there are so MANY!

In the meantime, Mr. Agent allowed the house to go to auction on the courthouse steps. He didn't even give the seller a chance to decide if he wanted to release the information and see if a short sale could be negotiated by someone other than Mr. Agent. I heard from the seller after the auction, and he wanted to know why we had not made the offer to purchase. When I told him that his agent felt it was not in his best interest, he was livid.

It felt to me as if Mr. Agent held so tightly to the hand of his client, that all he did was lead him right to the courthouse steps, where his house was auctioned away, lost to foreclosure.

I am not sure if Mr. Agent truly felt he was looking out for his client, or simply holding on to a commission that can not be there unless a deal is closed.

Denice Thompson Neddo

Licensed in Oregon and Washington

To Search Homes Like A Realtor click here

( 360-607-4226 - Vancouver

( 503-756-9759 - Portland

360-397-0478 - eFax

Denice@DeniceNeddo.com - Email

* 915 Broadway, Suite 100, Vancouver, WA 98660

www.DeniceNeddo.com

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Each year the Building Industry Association of Southwest Washington brings premier builders together to show off their wares. This year is no different and the Parade features five exquisite homes crafted by the area's top builders.

This year, The Green Living Educational Center will be set up at the Parade each Saturday and Sunday to inform and educate the public of the benefits of building and living green. Exhibitors will include everything from lumber, concrete, insulation, landscaping, water and energy conservation and different building certifications.

Be sure and stop by the Northwest Haven, I will be there to meet you Tuesday August 26, 9:30AM to 5:30PM, Thursday August 28, 9:30AM to 3:30PM, and Tuesday September 2, from 2:00PM until 8:00PM

Tuesdays are Senior Day! Half price admission for anyone 55 and older! Be sure to check out the Northwest Haven page!

For directions and more information, click here.