What is a Short Sale?

This video explains what a short sale is, who qualifies and where to search for candidates. We also explain how to effectively negotiate short sales with both distressed homeowners and mortgage holders.
We show why short sales are good options for distressed homeowners who owe more than their properties are worth, are behind in payments, are under financial duress due to adverse circumstances and can no longer make payments on their mortgage. This video explains how you can help such homeowners avoid foreclosure and save their credit by negotiating short sales with the financial institutions.
We explain why it's important to negotiate with the homeowner before approaching the bank and how to reach an agreement with them concerning their full participation in the process, a fee for their moving to another location and a date by which they must vacate the property.
We will then walk you through how to build a convincing case for the bank of why they should accept a short sale. We explain the reasons why banks accept short sales, how to arrive at and make winning offers and other important points on effectively negotiating short sales with lending institutions so that you can achieve handsome profits from short sale deals.

For more information about Short sales and other topics related to real estate visit http://www.foreclosuredeals.com

Category:

Education

Tags:

• short sale
• homeowners
• mortgage
• foreclosures
• mortgage holders
• distressed homes
• properties
• credit score
• banks
• foreclosure deals