Short Sale Genius: "Do Banks Prefer Foreclosures?"

A comparative survey of short sale value vs. REO VS normal listings From Lee Honish the short sale genius seminar and system. More information visit www.shortsalegeni.us for information about closing short sales and having a close ratio of up to 100% with higher grossing commissions. Lee Honish is the former loss mitigator for IndyMac Banks HELOC division. He has mitigated thousands of files and had the highest industry return of record, getting over 50% return for the bank on its short sales. He has over 20 years of experience in the field of asset management.

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[apestasguey]

This guy talks like a hood rat

[Tony Nakhle]

Good video. Thanks for sharing

[1lonelyhmoobFl]

If that is true then why do the banks refuse to work with the owners on modification or anything else? And why are they making so hard to get a modification? Been there and done that. There is no such thing as modification. All banks want to forclose on owners. When is forclosed, the bank can just go and buy it from the city as a tax lean sell for penies and resell it for more.

[trentsm]

Sold. Short sale closed for $525K on 7/21/09. Thanks for trying.

[MrChaozz]

hmm court house shows auction the 18th

plus a lis pendens on the place ..

[trentsm]

Yep, had to get 3 foreclosure sale date extensions on this one and escrow is closing by June 30th. If you have done short sales, (it sounds like you probably haven't) you will know that buyers and sellers are not under your control. Our goal is to save homeowners from foreclosure and we don't give up, even if it doesn't always happen exactly when we want.

[MrChaozz]

Hmm dont think your all you say you are

your listing #080080751

short sale active 188 days..might want to redo your classes