Short Sale Calculator
For Windows or Macintosh
Please click to enlarge.
Have you had a client who was upside down on their mortgage, behind on their payments due to a hardship, and you didn't know how much to list the property for or what type of offers to submit to the lender? Don't worry, you're not alone! When it comes to a Short Sale, many real estate agents aren't quite sure what to do in these scenarios. Where to price the property and what offers to entertain ends up being a guessing game for most real estate agents when working Short Sales.
Great news! The Short Sale Calculator is finally here and is the first software calculator of it's kind that enables real estate agents to determine the calculations necessary to price their listings and entertain offers that have an increased chance of being accepted by lenders. This software is designed for Windows 2000, XP, Vista, and Macintosh platforms. It is the first desktop software of its kind on the market and can be used to ensure that real estate agents across America have the necessary tools in place to calculate the following figures based on the type of loan being shorted for their Short Sale listings. The following calculations are determined for FHA, VA, or Conventional Short Sales and are applicable in every state.
1. Initial List Price for Listing Agreement
2. Estimated List Price for MLS
3. What the 1st lien holder should expect to net based on lender threshold
4. What the 2nd lien holder should net, if applicable, based on the amount owed
5. What is the lowest offer that you should entertain based on lender threshold
Bonus feature!
6. Estimated Time-To-Foreclosure (ETTF) based on correspondence received by the borrower from the lender and the date it was issued/mailed. (i.e. Notice of Default Letter, Intent to Accelerate Letter, Acceleration Letter, Foreclosure Letter)
IMPORTANT!! The ETTF feature only works for the State of Texas at the moment. America’s Home Rescue will be focusing on creating individual calculators for high-foreclosure states throughout America over the next year. States of interest will be Arizona, Nevada, Colorado, Florida, and California. The ETTF feature for Texas has been developed and is integrated into the current version. However, all of the numerical calculations of the calculator apply to every state in America!
Know your listing and MLS calculations, save your commissions, and get more Short Sales closed!
This is a must-have for every real estate agent in America!
If you purchased the Short Sale Calculator software program prior to June 1, 2008, you can upgrade to the most recent version of the software program. Click on the button below to download the upgrade.
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