SHORT SALES 101
What is a Short Sale?
A Short Sale is when a Lender is willing to take less than payoff as payment in full. Lenders refer to this as “selling their mortgage short”, hence the name, Short Sale.
Why Do Lenders Accept Short Sales?
Lenders accept short sales because it actually costs Lenders far more to take the property back through foreclosure than to accept a short sale prior to foreclosure. Therefore, Lenders much prefer to deal with real estate investors and agents who understand short sales than to foreclose on a property.
Why Short Sales?
The Wall Street Journal reported that 20% of all real estate closings in this country involve a short sale. Further, the recent statistic shows that some 20 million borrowers are upside down on their homes. Our research confirms that less than 5% of all real estate agents and investors are actually closing these short sale deals. This illustrates that a small percentage of investors and agents out there who know how to close short sales are making an absolute fortune right now (ourselves and our students among them).
Why Aren’t More People Closing Short Sales?
Most investors and agents are not taking advantage of the fastest growing segment of the real estate industry (short sales) because they do not have the tools and have not been properly trained on the detailed processes and specific knowledge required to actually complete a successful short sale in today’s market. Literally hundreds of thousands of potential short sale opportunities are wasted every month due to the lack of knowledge. Lenders are currently bombarded with requests and purchase offers from inexperienced agents and investors. Most of these offers usually never result in a deal. Short sales are impossible for those who do not know what they are doing. But for people who have been trained, there is a tremendous amount of profits available. You can make the current real estate market work to your advantage. You can learn how to make a fortune with short sales while the national news media actually helps you by telling everyone to stay away from real estate!
Why Are RELI Students So Successful?
Our students are able to achieve tremendous results because they have access to the same knowledge, tools and resources that we obtained after years of completing successful short sale transactions ourselves. People from all walks of life are able to take advantage of our proven, step by step, fortune-making short sale system because it is easy to use and provides every single detail needed to be successful. The innovative Home Study Course provides students with the most complete knowledge base to become a short sale expert available. The real estate software program, ePartner®, allows students to keep track of every facet of every deal online, providing access to their entire business from any computer anywhere in the world with an internet connection. The Short Sale Lender Database provides students with up-to-date information on all of the major lenders across the country, from phone and fax numbers to short sale procedures and negotiating tips. Every short sale is different because every lender is different and unless you know the details of how each individual lender works, you are left in the dark and have a high probability of failure. Finally, students are mentored from the finest short sale coaches in the country. Our Students are so successful because they are a part of the right system, Short Sales Step by StepTM.
To Learn More About Short Sales, Watch this 10 Minute Short Sale Basics Video
