Sharon Butler

Short sales done fast. Seams every agent want listings, but not one wants to take the time to learn how to close a short sale once they sell it.....and that is totally fine with me since we can close them fast for you! Pretty funny, I can not tell you how many times I get calls from agents who do not have a clue what to do after spending time and advertising dollars listing a short sale, oonce they have a buyer, Working a short sale is an art, a skill and a major learning experience! In today's economy, and as in every economy any good listing agent will ask several questions while taking a list appointment. First, not to getpersonal, but "why are you selling your home"? How may agents actually ask why? I want to say very few agents ask sellers why they are selling their home in fear of the seller changing their minds and the agent losing the listing. Remember, the agent who helps the sellers are the ones who secure a life-time of business leads!

You may wonder why, I tell all the agent I work with to ask why are you listing, to their sellers...simple. I do not want the agents I work with and our network working hard marketing and processing only to find out the seller really does not want to short sale their home but, they want a modification! Agents make sure everyone is on the same page! Next, when taking the listing, find out your time line. Is your selling giving you a listing that has a TD sale in two weeks? or in 3 months. These are just some short tips to get you started on your short sale listing. By the way, as soon as the listing is signed, get the seller qualified!

The seller!

Sharon Butler - Short Sale Resolution Network! click here

Is there any reason why "Professional" real estate agents are not more "in tuned" to the amazing programs available to First Time Home Buyers? As a loan professional, I often wonder why agents who state they are out to help their buyers have no interest in these program. Most cities in the state of California have First Time Home Buyers Programs. I guess it is not really free money, but nearly free. Example today I went to the City of Carson's program. Out of all of the licensed real estate agents in and around Carson, California I was surprised to see only about 35 licensed agents? This program will give a qualified first time homebuyer up to $100,000! All the buyers have to do is take ONE 8 hour class, not have owned a home in the past 3 years and meat the income requirements, no bad for $100,000. This particular program places a lien against the home for the amount and only has to be paid paid if the homeowner refinances, sells or leases the property. What these programs do? These programs help your buyers qualify for more home! Example say a buyer wants to purchase a home for $325,000 and only qualifies for $300,000. With 3% of their own money and 25% from the City, their loan amount with the City financing is only $234,000 dropping their payment and making their new home more affordable. Let me make it really simple:

FHA vs. City First Time Homeowner Program

FHA 3.5% down payment - $11,375, actual loan amount with MIP =$319,113, payment =$1762.15 PI, Taxes =$338.54, Insurance $58 and MMI = $130.67 for a grand total of $2289.36 per month. FHA will allow ALL gift money, but also charges the MIP and the MMI. The buyers should have at least a 600 credit score and on a 30 yr loan today the rate ranges from 5% to 5.375. On the 5/1arm a buyer could get as low as 4.375%, yet must qualify at a higher indexed rate. FHA Is still a great program with or without any special programs!

Ok....lets see how the city Program helps this same buyer: 3% of their own money, no gift for the first 3%, 25% funds from the City ( the amount can be as low as 17% and up to $100,000) Say our buyers qualify for 25%. Their new loan could be a conventional loan with an amount of$234,000! No MMI! No MMI, today's current rate of 5.125% makes their new payment $1274.10, taxes $338.54 and Insurance $58 for a grand total of: $1670.64! That is a savings of over $618. per month. If you really want to help this buyer with the savings show them how if they pay an extra $200 per month on their loan since they have such a savings that they will save an additional $157,918 and pay off the first in 22 yrs! Cool stuff! So what are you waiting for? I can be reached at 866-844-6873. I look forward to help your homeowners with all their financing needs and your sellers with FAST short sales!!

Buyers and agnets call your Citys today. Carson, California will be having their 8 hour class this month! Google Carson, California or call me and I will help you with all your questions!

Have you ever seen or even heard of a FAST Short Sale, well, that is all we perfect to do at Short Sale Resolution Network! Click here. On September 30th, 2009 EXACTLY ONE MONTH from taking the paperwork from the sellers we received complete and total Short Sale Approvals from not one but two lien holders. The listing done by top agent Andrew Karigan of Prudential, click here sent a "Yippee" e-mail of shock when I sent him the approval on the 2nd TD. Agents, as I have stated in the past and will stick to, short sale processing is a lot of work and time. Short sales will be more and more on the front line and if you are not prepared you will miss the wave. In order to really help real estate agents, we are offering to actually come out and really teach you the basics in your office. We are southern California based, but the information is national! We require a minimum of 10 agents per office at $75.00 each. This class will not just be basic, but will teach you what you have to do and what your processor "should" be doing to get the file done in 30 to 45 days depending on the lien holder. We have lists of direct numbers at most of the major lien holders. For more information go to www.ssresnetwork.com or call 866-844-6873 or call Sharon Butler direct at 714-745-6348. Close those short sales FAST!

Homeowners do you have questions about your home? Do you currently owe more money on your home than it is worth? Click here. If you have been thinking what should we do....here is a thought! Real Estate Prices go up and down, the scary thing is many positive thinkers are saying give a few years,.....who are they trying to kid? Real Estate is a 10 year cycle. If you are a homeowner and you owe more on your home than it is worth you have to decide if 1) you are planning to stay in your home for the long run and 2) can you afford to stay in your home for the long run?

Homeowners, if you made it pass the initial shock of reality and you do not want to take the chance of holding on to your home in fear of foreclosure, a short sale may be the best bet. A short sale is when your mortgage company agrees to accept a lower pay off then what you owe. Even if you have other liens against your home a short pay off is possible. If the first mortgage company is ready to sell your home on a Trust Deed Sale or you have not been paying your payment for 3 or more months you might be ready to consider a short pay off. In most cases the bank pays for the costs to sell your home along with any back taxes, HOA, etc.

We have found most lenders to be more than willing to work with agents who know how to package the short sale requests. Click here. Agents who package your request will ask for many of the items you provided when you secured your home loan. The best short sale professionals are ex-loan officers or processors because they know what the lender is looking for.

Many executive neighborhoods, in South County, communities such as Turtle Ridge and several areas in Newport Coast experienced great low purchase prices, but due to the refi boom took cash out of the equity to pay off debt or make purchases. With the drop in the market, by refinancing a home and taking cash out, the homeowners are now seeing that they owe more money on their home than it is worth!

This is were your triditional real estate agent may not be able to help! Using a professional who knows who to deal with the banks and can prove it with a track record is what you need. click here. Short sale Resolution Network will be closing one of its fastest short sales in Newport Beach, "Once we close, we will have closed a short sale from start to finish in less than 5 weeks, with two lien holders!" There is no reason a short sale should take more than 45 to 60 days, if house is priced right! Call us today, at 866-844-6873 or visit our website, the call is free!

Are you thinking of buying a home? Have you noticed that 1 of every 2 homes if not more are Short Sales? It can get kind of frustrating when nearly every home listed is a foreclosure or in default. The biggest complaint I hear is about the bidding wars. There are tons of stories of how buyers place offers on properties and never hear ANYTHING back! Rule of thumb, if you have not heard anything, you did not get the property!

Best way to get the home you want, "Common Sense"! Say the property you want is listed at $535,000 and the homes in the area are selling for $640,000, do you really think the house is going to sell at $535,000? I guess the best tip I can give you is to work with an agents that has successfully secured a property on a short sale for several clients. An agent who will run comparable sales in the area and place the offer where it needs to be for you to be the winning bid. Short Salesalong with REO properties are the best deals, but you have to know what you are looking for and what you are willing to pay for it. Being scared to get into a short sale may be valid, but if you are working with an agent who understands the short sale process there should be no problems. Make sure your agent knows how to work with the listing agent to push the process through. If the listing agent has not even qualified the sellers then you want to run from that particular property

We answer questions constantly about short sales and referals. click here Our network has licensed real estate agents from all different real estate franchises who are educated in the short sale process. We help agents by processing the paperwork which is necessary to close short sales while the agents list properties and help buyers! We can be contacted at Short Sale Resolution Network, 866-844-6873