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DC Fowler
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Short Selling Second Mortgages
Many of the properties that you come across will have two mortgages with two separate banks. If you are just getting started, I strongly recommend that you target properties with single mortgages. Negotiating one mortgage is always easier because a second mortgage means that you are now responsible for negotiating two short sales instead of …
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Short Sale Exit Strategies: Exit Before You Enter
I know what you are thinking… “The title of this article does not make sense. How can you leave a place before you ever even arrive?” Please allow me to take the next few moments to discuss how exiting before entering is not only possible but should be considered as the single most important aspect …
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Real Estate Agents: How to Get Short Sale Listings (Part 1)
This Article is Meant to Serve Two Purposes: Purpose #1 – To develop a roadmap; where real estate agents and realtors will learn how to earn profits from listing short sales. I will show you how to literally have investors lining up at your doorstep giving you their listings. Not once but twice! That’s right; …
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Making a Short Sale Counteroffer
Although some of your initial offers will be accepted, you must also be prepared if the lender rejects your offer. Just because your first offer is denied does not mean that the deal is dead. This is now the perfect opportunity to learn precisely what you have to do in order to close the short …
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Let’s Get Started – Your First Phone Call From The Homeowner
Now that you have a general understanding of a short sale and you are fully operational it’s time to secure your first deal. Assuming you have either done some form of advertising, made direct contact through a foreclosure listing, or by word of mouth, you are now ready to get started. If your phone does …
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Investors Vs. Realtors – An Unnecessary Short Sale Battle
Just the other day I was speaking with a good friend of mine who is a very successful real estate agent in southern California. Surprisingly, we hardly ever talk much about real estate these days and when we do it’s not much more than “how’s business?” “Good, Great…” etc. At one point all we talked …
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How to Negotiate a Successful Short Sale
Anyone who has ever profited from doing a short sale has also without a doubt had one or two rejected at some point. Guess what? It is just the nature of the beast. As with all types of sales you’re playing a numbers game. There are very few investors who truly know how to successfully …
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How to Influence the BPO
Ok, so you’ve received the short sale requirements from the lender and you’ve made friends with the loss mitigation’s rep that’s assigned to your potential deal. Next, you are now ready for the lender to order a BPO on the property. Notice that I emphasize “you”, this is because I don’t want you to miss …
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Building and Developing Your Buyers List
Before you begin prospecting for profitable short sale opportunities you must build and develop your buyers list. If you’ve studied my course then you have enough knowledge to locate and close as many short sales as you are willing to work for, but the most important piece of the puzzle is having buyers on hand …
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10 Frequently Asked Short Sale Questions
Here are 10 frequently asked short sale questions that are very helpful especially if you are just getting started or considering short sales as a means to acquiring pre-foreclosures. 1. What happens to the seller’s credit rating when they allow an investor to short sell their property? What typically happens is the loan will show …
