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#74939 - 11/17/04 02:44 PM How to Approach a Homeowner Facing Foreclosure
Anonymous
Unregistered


Hello All,

Since I got such a great response from the last Short Sale article I posted, I figured some of you would appreciate this one. It's real good stuff if you ever wanted to know how to approach a homeowner facing foreclosure. This is actually an excerpt from their course.
http://www.shortsaledeals.com/Let's%20Get%20Started.htm

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#74940 - 11/18/04 03:48 AM Re: How to Approach a Homeowner Facing Foreclosure
CRMguru Offline
Member

Registered: 11/12/04
Posts: 131
Loc: Chicago, IL
what a waste of money. This guy is banking for telling people stuff HE doesnt know. Every bank or 3rd party is different.

basicly besides the small stuff, just call the bank and ask for a short sale package, and if they dont have one ask them to educate you.

80% of my business right now is short sales and foreclosures, and its growing.

[This message has been edited by XstudioX (edited 11-18-2004).]
_________________________
Myrtle Beach Real Estate

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#74941 - 11/18/04 07:50 AM Re: How to Approach a Homeowner Facing Foreclosure
Anonymous
Unregistered


Your Post:
what a waste of money. This guy is banking for telling people stuff HE doesnt know. Every bank or 3rd party is different.
basicly besides the small stuff, just call the bank and ask for a short sale package, and if they dont have one ask them to educate you.

80% of my business right now is short sales and foreclosures, and its growing.

My Post:
Instead of posting negative comments about your own personal opinions maybe you should share some of your vast knowledge on Short Sales since 80% of your business comes from this method of investing. As a matter of fact, 80% of what business? The post is not about how many short sales a person closes, it's to share various tips that are helpful to people who may not know as much as you. Please don't steal that opportunity. It is not fair to make Short Sale investing seem so simplistic. There are many aspects of the process that are not that simple. I'm not familiar with anyone or any institution that will accept less that what is owed and not give some resistance. So there is obviously a need to discuss the finer points. Please share your knowledge with us.

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#74942 - 11/18/04 08:38 AM Re: How to Approach a Homeowner Facing Foreclosure
Realty Check Offline
Major Contributor

Registered: 09/19/03
Posts: 2410
Loc: Panama City FL
The truth is probably in between....

the original post appears to be nothing short of a blatant solititation... some one wanting to take money not give information or provide useful input.....

Short Sales are not difficult if you have a basic understanding of the process and know at what point and with whom to make the contacts. Most lenders are almost "Happy" to agree to Short Sales when the information that justifies them is properly presented.... you do not need a $300.00 or $100.00 course to learn how a good package is put together. Many books and pamphlets are available at low cost to free (from lenders).

I just hope not too many of our people fell for the solicitation and I would hope we could monitor and delete them in a more effective manner.

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