Tricia and Richard La Motte

Get Rich Now

written by: Richard La Motte

O.K. kids, here's the skinny on short sales.

First, let me give you some inside dope on who I am.

I'm a former Viet Nam era Marine - Hooowa!

I'm retired from a 40 year career in the film industry where I spent a lot of time negotiating budgets with some of the most rude, powerful, self-interested, business savvy, adroit, two-faced, ruthless, egotistical, bottom-line, deal-makers in the world - which puts me right at home in working with banks on short sales - (that maybe why I enjoy the process in some perverse, masochistic way.) Anyway, being the kind of guy I am - let me tell you a story.

Many years ago I was a costume supervisor for television shows. I once worked on a military show - I rented costumes, dressed actors and extras and headed to the set. Once there a loud-mouthed extra started telling the Director that the uniforms were wrong. The shooting stopped and in a VERY UNCOMFORTABLE SILENCE, I was called out in front of the hundred and fifty person crew to explain myself and the costumes - I couldn't do it because I had rented the uniforms without researching them - were they right or wrong? I didn't know. I have NEVER forgotten the humiliation of that day. That day I learned two VERY IMPORTANT LESSONS: 1. ALWAYS put time into learning about the job people are trusting you to do. 2. ALWAYS remember that someone might be waiting to make themselves look good at your expense.

Back to short sales. By the way, everyone understands what a short sale is right? At the risk of being redundant, here it is. A short sale is when you borrow money from the bank and agree to pay it back - then you don't want to - and you expect the bank to write off your bad decision. Sorry, but that's the truth - at least that's the way the bank sees it. For anybody that thinks I'm being unfair let me explain.

A Bank is in business to do two things: 1. loan money, 2. make money by collecting the debt plus interest. That's it. When you are talking to a bank you are either talking about getting some money or how the payments are going.

Short Sales can be very difficult because most people don't understand this simple truth.

I'm successful at representing home sellers in short sales because I've spent a lot of time and money educating myself about the process and the players so I won't have to face the same kind of humiliation I felt all those years ago when I tried to do a job without a complete understanding of what was expected of me.

I have a Certified Distressed Property Expert (CPDE) certification, which is a Short Sale study course - it's good, great, but I also have many other hours studying with former bank officials and other short sale service companies that don't carry any certification - but do carry a lot of inside knowledge; which is what gives me the experience to navigate the maze of a not always cooperative banking system with confidence because I know the objectives - for me and them.

Some people are successful because of their interest or temperament - me, I'm successful in doing short sales in Santa Clarita is because I LOVE the challenge. I love being told that the conditions I face are impossible, that no one could possibly do it - makes me salivate, always has - maybe it's an old Marine thing, or a movie making thing - I don't know - but I do know this - I NEVER TAKE NO FOR AN ANSWER - period! I believe that there is ALWAYS a way to do a deal - because I understand that the deal you finish with may not be the deal you started for - but it's the best deal you can expect under whatever circumstances there are.

But I digress. Short Sales. Every bank is slightly different in corporate configuration but they have the same end game in mind - get more money out of the deal. They have three places to get money: 1. the Buyer, 2. the Seller, 3. the Agent. They drag out the process to make it painful - so everyone will give in and give up a little more to finish. Simple. Be prepared. Forewarned is forearmed. A short sale is a long and arduous process - but it's doable.

If any of this interests you, and/or you feel like you need me to help you - please contact me at richard@scvhomepro -

P.S.

My wife and partner Tricia doesn't like me to appear on any marketing material - but I'm here.

Semper Fi

In these tough times many people are vulnerable.

In doing our due diligence to continually bring increasing value to our clients, we have found a company - Loan Repair and Rescue, that will perform a free Forensic Home Loan Audit prior to doing a loan modification

Apparently, since 2002 approximately 85% of all home loans created had some type of infractions or violations. I remember we used to ask ourselves so many times when hearing about the loans that buyers were getting - "how can they possibly qualify for that loan" ? Well, gee, maybe they didn't really qualify. What if the banks were actually changing, as in falsifying, some of the information? You get my drift....
This was also doing the re-fi boom. You can begin to see why about 85% of the loans during that time could have errors.

The Government loan modification will help some people, but not many homeowners qualify under the current guidelines.

A homeowner with a valid hardship that would qualify him/her for a loan mod could get a forensic audit which would give the valuable information needed to have a reputable loan modification company pursue the modification.

Do you think a lender would actually do a forensic audit on their own loan papers and tell you if they made a mistake, or worse had committed fraud, or predatory lending against you? Hmmm...perhaps not.

Receive a Free Forensic Home Loan Audit - there is no obligation to use Loan Repair and Rescue to do the loan modification. And no upfront money is collected.

And, if you have tried a loan modification through your bank yourself, and now feel that a short sale is your only recourse, then contact us.

We will provide the free Forensic Loan Audit, which will give us greater negotiation power with your lender in getting your sale sale approved if there were errors in your original loan papers.

As a team we have the following certifications to best serve you in successfully doing a short sale for you:
Certified Short Sale Specialist
Certified Pre Foreclosure Specialist
Certified Distressed Property Expert - CDPE
Plus additional countless hours spent in education to stay cutting edge in this demanding specialization - Real Estate Short Sales in Santa Clarita.