This is it!  Finally, a Short Sale training tool, written by real estate agents, for real estate agents!  This is the first-and-only of its kind and is a must-have for any agent wanting to better understand and implement a Short Sale service into their business.  In the Instruction Guide, we have compiled our 5 years of experience working Short Sales and outlined a step-by-step process for Short Sale transactions that has boosted our closing ratio from 50 to 90 percent.  It is an extremely comprehensive, easy-to-read, easy-to-understand tool that will greatly enhance your success in closing Short Sales as you implement our system.  In this resource, we have included all the checklists and bank forms required by every bank we have ever worked with.  We have provided these checklists and forms in both hard-copy and in PDF format on CD for your convenience.  We have also included the Bank Contacts section, which provides contact information for Loss Mitigation Departments and representatives for every bank we have worked with.  Having this directory at your fingertips should save you hundreds of hours on the phone with Customer Service trying to track down the right people to help you close your deals.  Included in your Instruction Guide purchase, is access to monthly updates through our website that are available at beginning of every month.  As America’s Home Rescue works with various new banks and loss mitigation representatives, learns of new bank policies and forms, and discovers new industry trends and standards, we publicize this information through our website for those agents that have purchased the Instruction Guide.

Main Course on Short Sales 

Step-by-Step Approach to Short Sales…from a real estate agent’s perspective!

 

-          10-step process for FHA Short Sales

-          9-step process for VA & Conventional Short Sales

 

Obtaining the Lead

Information Gathering

Appointment with Homeowner

Listing Agreement

Components of a Short Sale package

Going Active in MLS

Sending Short Sale Package to Lender (What to do and what not to do!)

The Appraisal

Acceptance into the Short Sale Program

Receiving an Offer

Acceptance of Offer from Lender

Closing

 

VA, FHA, Conventional Loans…what’s the difference?

 

 

 Forms & Checklists 

Individual bank Short Sale packets for all banks that America’s Home Rescue has worked with (CD Included)

 

HUD Forms

 

Example Listing Agreement

 

Example Hardship Letters

 

Frequently asked questions to ask homeowners

 

Qualified Leads vs. Quality Leads… You don’t work for free!  Know the difference!

 

Where do you send your Short Sale package?

 

How many days should you wait to follow up on your package?

 

Customer Service Representative vs. Loss Mitigation Representative

 

Much more….

 

 

 Short Sale Math 

Learn how to determine estimated list price for initial listing agreement.

 

Learn how to determine estimated list price for MLS.

 

What is the lowest offer I should be entertaining?

 

What does the bank need to net while seriously considering a shorted payoff?

 

What is the estimated time to foreclosure?  (Very important when considering your Short Sale strategy)

 

What are the lender thresholds for each type of loan?  VA, Conventional, FHA, Home Equity, etc.

 Bank Contact Section 

Includes bank contact and loss mitigation information for over 40 banks and has a detailed list of what each bank requires for their Short Sale package.

 

Banks include:

 

Aurora

Ameriquest Mortgage

CitiMortgage

Countrywide

GMAC

Litton Loan Servicing

Option One Mortgage

Washington Mutual

Wells Fargo

Ocwen

Chase

And more….

 

FREE Monthly Subscription for Bank Contact & Loss Mitigation Updates included with purchase of Instruction Guide.  America’s Home Rescue believes that in order for real estate agents to have continued success in Short Sale transactions, they need to have the latest bank and loss mitigation contact information to date.  They realize that this is an ever-changing industry and providing the latest information available is imperative.

 

A tremendous value at $295.00, this Instruction Guide is intended to cut your learning curve in doing Short Sales by as much as 80%.  It is written by real estate agents for real estate agents and is written to help keep you one step ahead of anything that will waste your time or create frustration for you in your Short Sale transactions.