Short Sale Investing – Steps in the Foreclosure Process

A foreclosure is begun when the bank files a Notice of Default through a trustee with the County Recorder’s Office.

Pre-foreclosure Marketing – Where to find Preforeclosures?

Preforeclosure marketing is really easy once you know the best methods for reaching potential clients.

Short Sale Package – Putting it Together!

The short sale package is very important in preforeclosure deals. It provides enough information to (hopefully) convince the bank to accept your short sale offer on the homeowner’s property.

Short Sale – All About Simultaneous Closing

Many a would be investor has run into the problems of confusion, both on their end and with the parties who would be involved in the simultaneous closing of a short sale.

Pre-foreclosure – Having an Exit Strategy for that Short Sale

If you are planning on setting up a double close or simultaneous close you’ll have between 30-45 days to find a buyer to take the property, so you need to have a good exit strategy in place.

Short Sale Strategy – Influencing the Broker’s Price Opinion

Ask the BPO agent for their contact information as you walk out. While you will likely never see them again it is a good idea to give the impression that you will follow up.

Short Sale – Estimating the Homeowner’s Property Value

A busy real estate investor may outsource their home appraisal needs to another company or a certified FHA appraiser.

Preforeclosure Investing – Problems with Simultaneous Closings?

Pat Precourt is an amazing investor who has done what few people in the country have done previously in preforeclosure investing. He has over 400 completed short sale transactions under his belt as a full time investor over the last several years.

Short Sale – Common Homeowner FAQs

It’s not uncommon for the bank to notify the homeowners that a short sale has been declined. Explain to your clients that they will get a letter from the loss mitigation department letting them know that the short sale has been declined. Real estate investors always turn in a very low first offer and expect it to be declined.

Preforeclosure Marketing – The Phone Call with Homeowners

People want to deal with professionals who know what they’re doing and seem like they can help them out.