Central Florida Short Sales: January 2010

I need a buyer quick on this one. Both lenders have approved the transaction in writing at $200,000. Approvals are good until 1/31/2010, Current buyer may not be able to close on time. Their loss may be your gain.

This is an incredible property with over 3,000 sq ft living area, pool, media room, extensive tile flooring, 5 bedrooms and 3.5 baths. Check it out.

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

.....only took 9 months!!! And we are not closed yet. Amazingly we still have the original Buyer that went under contract at the end of April 2009.

Property location:

• Florida Keys (Vacation home)
  

Hardship:

• Illness.
  

Lender(s):

• Chase on the first and 2nd. About 5 months into the Short Sale transaction the 2nd was passed off to Allied International Credit (AIC).

Purchase Price:

• $303,000

Amounts owed:

• Chase was owed $693,000 on the first and agreed to accept $273,000 (39% of the debt)
• AIC was owed $94,000 on the 2nd and agreed to accept $3,000 (3% of the debt)

Terms:

• No note. No cash contribution.

Special conditions:

• This was a co-listing with Kelly Willey from ActiveRain. She handled the property and I took care of the Seller and the Short Sale negotiations. There is also a Broker on the selling side. Chase agreed to pay 3 Brokers. There was a HOA lien for $18,000 that the Seller paid off. Took 90 days to get under contract.

• The Short Sale Package was submitted in it's entirety 3 times. 

We should be closing next week with a cash Buyer.

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

Hi folks. Here's a short compilation of some of the conversations going on this week at www.ShortSaleSuperStars.com

Short Sale Lenders asking for cash contributions off the HUD.

Sellers of Short Sales wanting to rent the property back.

2nd lien holders being unreasonable.

Is a hardship really needed to qualify for a Short Sale?

Getting Short Sales approved through REOTrans/Equator

Investors refusing to postpone the foreclosure auction.

Bank of America and Titaninum Solutions

Short Sale Lenders seizing bank accounts

Dealing with Multiple offers and Short Sales

Tools to assist you with your Short Sales

Available Short Sale Agent Training:

LEARN, KNOW AND GROW

• The Negotiator Interview $27.00
  
• www.ShortSaleSuperStars.com FREE 878+ Members Strong!!
  
• Short Sale Agent Training Webinars 8 Hours of training for $97.00
• Short Sale Listing/Submission Package $27.00 Click for details

Wendy Rulnick and Bryant Tutas
www.ShortSaleSuperStars.com

Copyright © 2010 REGrow, LLC | All Rights Reserved

Did you know that? I didn't. Until I read this article by Sally K. & David L. Hanson.

This is pretty serious stuff. If you are working with Short Sales please be sure to notify your Sellers and give them this information. I am not an Attorney nor do I play one on TV so I do not know the legalities of this. I do know though, that if it were me, I'd much rather avoid the issue all together and pull my money out of the bank that I have my delinquent mortgage with. Better safe than sorry.

If you read the comments to Sally and David's post you will see that this IS happening. And it's happening all over.

And of course....Bank of America is one of the culprits.

Be a Short Sale Superstar to your Sellers and make them aware of this situation today. OK?

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

Hi folks. As you know we just had our 1st contest at www.ShortSaleSuperStars.com. You can read about it here.

We made a couple of changes as we went along. Hey...we own the site and can do what we want :) The first change we made was Wendy and I asked our site moderator, Jeff Payne, to help with the judging. Jeff's a great guy and he's cheap labor so we took advantage of him. Thanks Jeff!!!

Secondly, we upped the ante with the prizes. We, as in Wendy and I, decided that since there were so many great entries, 16 to be exact, that ALL should be rewarded. We'll tell you shortly what we decided to do. But first.....

....here are the 3 winners:

• 1st place goes to Stephanie Jarmon for "Why I help Kansas City homeowners negotiate Short Sales--and how they could go better..." Stephanie's article is about FEAR and how it affects homeowners' decision making or lack of. Her goal is to empower these folks with knowledge. She also has some excellent ideas on how lenders could make the process easier.

• 2nd place goes to Katerina Gasset for "Why Do We do Short Sales". WOW! Is all I can say about this one. A heart breaking look at what Short Sale agents deal with on a daily basis. Katerina's post reminds us that we are dealing with real people with real hardships. Her post is exactly why www.ShortSaleSuperstars.com exist. To help people.

• 3rd place goes to Ray Saenz for "What can be done to help make the Short Sale process run smoother?" Ray's article is a comprehensive outline to assist agents with handling the short sale process. I can tell he spent a lot of time and effort on his entry. Thank you Ray.

Pop over and read all of the entries. They are all very good. 

OK...back to the prizes. We have decided to give all 3 of the top place winners the Short Sale Agent Training Webinar. Plus.....ALL 16 contestants will receive The Negotiator Interview as our way of saying thanks for entering the contest. Stephanie Jarmon also gets to pick the ShortSaleSuperStars Tee Shirt of her choice for taking first place.

That's it!! Our first contest comes to a close. A sincere thank you from Wendy and I for all who participated. And a big thanks to Jeff for helping with the judging.

Until next time.....Learn, Know and Grow.

Together we CAN make a difference!

And if you missed out on the contest but still want your Short Sale Agent Training.....we won't get mad if you just go ahead and make a purchase!

Available Short Sale Agent Training:

• The Negotiator Interview $27.00
  
• www.ShortSaleSuperStars.com FREE 825+ Members Strong!!
  
• Short Sale Agent Training Webinars 8 Hours of training and materials for $97.00
• Short Sale Listing/Submission Package $27.00 Click for details

Wendy Rulnick and Bryant Tutas
www.ShortSaleSuperStars.com

Copyright © 2010 REGrow, LLC | All Rights Reserved

Hi folks. When I first realized that Short Sales were going to be a major part of my market I knew I needed to learn how to do them and I needed to learn how to do them fast. So I did what any Short Sale rookie would do...I decided to write a book on how to do Short Sales!! I read and studied everything I could get my hands on. I started listing Short Sales and started going through the process. I found out real quick that what I thought I knew.....was not enough.

But instead of throwing in the towel I made another decision. I sent Wendy Rulnick an email and asked her if she wanted to help me finish writing a book about Short Sales. Much to my surprise she agreed!! I now had someone that had done tons of Short Sales to learn from. Then I made another great decision. I asked Wendy if she wanted to do a Short Sale Agent Training webinar series and teach agents how to do Short Sales. Again she agreed!

I did this because I really wanted to help others become better at doing Short Sales. But most importantly....I did it to learn. I spent weeks picking Wendy's brain while we prepared to launch our training webinars. I was learning Short Sales as I was preparing to teach Short Sales. Sounds backwards doesn't it? It is. But it worked for me. I became very good at Short Sales in a very short period of time.

Then we took it a step further and launched www.ShortSaleSuperStars.com. Now I am the co-founder of the hottest Short Sale network on the internet and have become known as a go to guy for Short Sales.

In less than a year I revamped my entire buisness and became an "expert" at something I had very litttle hands on experience with. I envisioned what I wanted to become and I became it. 

I evolved. Have you?

Do NOT be foreclosed on! Avoid foreclosure. Short Sales DO close.

Want to find out more? www.CentralFloridaShortSales.com

Copyright © 2010 http://www.brokerbryant.com/ | All Rights Reserved

I love my new partner Wendy. There I said it!!!!