Short Sales
As the foreclosure rate rises, everyone involved in real estate is being forced to evolve. The short sale is a tool that helps all the members of the foreclosure market. The bank benefits by eliminating the possibility of a repossession. The borrower benefits by solving his foreclosure problem. The investor benefits by creating a transaction that can net larger profits than normal.
Topics covered will include:- What is a "Short Sale" exactly?
- How does a short sale help the bank?
- How does a short sale help the borrower?
- Working with the bank.
- Working with the borrower
- The Short Sale Package
- The Bank's Response: Accepting or Rejecting Your Offer
- Exit Strategies
Additionally, participants of this course will find the answers to these following questions:
- Why invest in distressed properties using short sales?
- How do I find properties for short sales?
- How do I choose a target area for short sale prospects?
- How can I finance my short sales?
- Where can I find advice and support throughout my investment endeavors?
