Short Sales from A to Z!

BOA Does Something Good

admin — Fri, 27 Aug 2010 02:52:11 +0000

If you missed the webinar on Wednesday from BOA on Short Sales, you might want to see the replay. They discussed how they look at short sales and what they feel are the problems and how they see to overcome them. It was worth . . . → Read More: BOA Does Something Good

BOA and Equator strike again!

admin — Thu, 19 Aug 2010 01:52:12 +0000

For those of you who saw the webinar today from BOA on Equator, it was worth the time. I will be posting the websites as soon as I learn how to do that. If you need it now, just let me know.

Short Sale Sandi
ShortSaleSandi@gmail.com

Pete Fortunato

admin — Fri, 11 Jun 2010 14:11:13 +0000

For those of you who want to learn what you can do in this market – you need to take Pete’s course this weekend in Tampa, Florida. He is one of the most creative men I know. He teaches you what is important to not just survive, but to thrive in real estate today. One of his quotes is:

Use what you have to
get what you need to
get what you want!

Think about that for a moment…
When I first heard that I was confused. Yet the more I listen to Pete, the more I learned that it is not that hard and truly possible. Most investors only think about the deal they are working on. Pete will remind you to think about the deal after that deal.

Use what you want to get what you need, to get what you want.

Think about the possibilities.

Safe Act explained…sort of

admin — Thu, 10 Jun 2010 01:31:39 +0000

On June 17th, a local attorney will be speaking about the safe act. If you are interested in learning more about how this act will effect your future real estate transactions, send me an email. I will send you directions. It is a breakfast meeting and guests eat for free.

This law effects owner financing, collecting payments from owner financed notes and who needs this new license. The license will cost about $2,000 a year and it does require classes, fingerprints, specific amounts of liquid assets and office space. If you are a licensed mortgage originator, you will have to work for a licensed mortgage broker.

This is a critical point in the path of real estate in North Carolina, come and hear it explained in more detail.

SAFE ACT

admin — Wed, 09 Jun 2010 17:01:00 +0000

The Safe Act is anything but safe! It will change the way we do short sales and real estate in general. I just spoke to a local attorney about it – I will be putting together a summary for anyone on the website. If you want one now, just email me at ShortSaleSandi@gmail.com. This is something that is a federal law and everyone needs to be aware of it. Each state can create their own interpretation. HUD has not completed their final verbiage at this time. They are reviewing all the comments it received earlier this year. It does not apply if you sell for cash. It does apply if you plan to carry owner financing. Time will tell how this will end up.

Welcome

admin — Sun, 06 Jun 2010 22:59:00 +0000

This is my 1st blog and I welcome your input and thoughts as to what I should say and what questions you have about short sales!

Our short sale management software will be ready any day now. It can be used for residential or commercial short sales. The software has lots of benefits . . . → Read More: Welcome

Why use Short Sale Red Book ?

admin — Sun, 06 Jun 2010 09:26:04 +0000

Finding the right person to handle your short sale negotiation is integral to a quick and successful result. Short Sales Professionals utilizes its vast resources and decades of experience to get results. We work closely as a team with you (The Realtor), the title company or attorney and our staff to get the job done right. . . . → Read More: Why use Short Sale Red Book ?

What is a Short Sale ?

admin — Sun, 06 Jun 2010 08:58:32 +0000

A short sale is when the lender who holds the mortgage on a property agrees to accept less than what is owed on the loan as payment for the loan.