The Real Estate Bubble Has Burst And It's Time To Celebrate!
BUT !
ONLY if You Know
The Secrets of the Short Sale!
Today is not a Seller’s Market
Today is not a Buyer’s Market
Today is the Investor’s Market
And the Short Sale Investor is KING !
IF You Know
The Secrets, you
CAN join the thousands of people
that are using these valuable techniques. People that are extracting the maximum amount of money from their real estate transactions and creating money from transactions that they used to throw in the trash before learning these techniques.
Imagine earning in a month what most HARD WORKING FOLKS make in a Year. And all this from helping people and the banks.
Do you want to….
- payoff some lingering debt,
- buy a second home,
- take that special someone to an exotic getaway,
- or maybe you want to be YOUR OWN BOSS,
THAT’S RIGHT!!! The path to success not only easy but incredibly rewarding when you are helping people. But when the banks help you help people, well that just makes this even more special.
Situations like this come along once in a life time.
Secrets of the Short Sale
is a key to real estate success in this market
NOW is the time to act !
I’ve shown thousands the path to riches in today’s Real Estate market ….and I can show you too!
Steve Dillon D.S.S.
Hi,
I’m Steve Dillon, an Ex-Banker, Ex-Loss Mitigator that has seen the light and now teach real estate investors the insider Secrets of the Short Sale
I’m a family man that started working for the banks back in 1993. As a Senior Loss Mitigator, I learned quickly how much more there really is to Home Mortgage Finance and the opportunities available for distressed homeowners, the banks and the investors that work with them.
What is a Loss Mitigator?
A Loss Mitigator is a guy/gal at the bank whose job is to work with distressed homeowners in order to avoid a Foreclosure. That might be through a Payment Plan, Forbearance Plan, Special Forbearance Plan, Modification, Partial Claim, VA Refunding, etc… If Saving the Home is not possible, then the deal is headed to Foreclosure (Default Liquidation).
What is a Short Sale?
When a Foreclosure is unavoidable (Imminent), the Loss Mitigator is supposed to work with the debtor to try to sell the house prior to Foreclosure Sale. In most cases, the house is worth less than what is owed on the house. When that is the case, the bank has to be willing to sell the house for less than what is owed in order to avoid Foreclosure.
This is Called a Short Sale.
Why would a Bank WANT to do this?
The actual job of a bank Loss Mitigator is to try to reduce the Loss Exposure to the bank. If the house is upside down in equity, then the bank is facing a serious problem. The bank knows that if the house goes to foreclosure sale, they typically ends up repossessing and taking these properties (called R.E.O.s) back as a non-performing asset draining the bank’s resources even further. Also, Repossession by the bank creates a stigma that devalues the property even further. The banks know this. In fact, most governmental agencies REWARD the banks for doing a Short Sale to avoid Foreclosure because they know that it is far better to do a Short Sale than it is to Foreclose and take it back into inventory (REO). All this contributes to making the banks very motivated to get rid of these houses as quickly as possible.
Short Sales are TOO HARD?
I have heard this statement so many times and you know what?
It’s true for those that DON’T KNOW THE SECRETS.
During my 12 years at the bank, my job as a Senior Loss Mitigator was more than just working all the high profile deals, but also to train new employees, refine the company’s processes and to work with Fannie Mae, FHA, VA and Freddie Mac in coordinating the Loss Mitigation Strategies.
HERE IS THE KEY TO THE WHOLE MYSTERY OF SHORT SALES
**NOT EVERY SHORT SALE IS HANDLED THE SAME WAY**
THE MOST IMPORTANT THING IN A SHORT SALE IS NOT THE BPO
(the bank’s opinion of value of the house)
THE MOST IMPORTANT THING IN A SHORT SALE IS LOAN PRODUCT
Did you ever wonder why you hear about success from some investors and failure from others and can’t figure out what they did differently? I can tell you that the bank did not play favorites. One investor played by the rules and the other did not.
Loan Product is what tells the Loss Mitigator how to handle each file that they work. You see, the Loss Mitigator has to make decisions based on a set of rules. The rules for each deal CHANGE for each type of Loan (Loan Product). A Fannie Mae loan is handled differently than an FHA loan. Conventional Uninsured Loans are handled differently than Conventional Insured Loans. Etc…Etc…Etc…
Get this, the Loss Mitigators would prefer that you know the rules because it makes their job easier. No more listening to upset investors complaining about getting rejections on a deal that the bank CANNOT approve.
How would you like to get an approval before you make the OFFER ?
This is not a trick but rather a RULE. If you knew the Secret, wouldn’t it be great to pursue just this type of deal????
Of course it would be great!
And our Students are already DOING IT !
This is just one of the secrets to financial freedom through the Secrets of the Short Sale !
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