Hi again. This is Matt Fetick with Sold By Short Sale. As you have probably heard, we are the Philadelphia/Wilmington, DE leading short sale realtors. My whole team is committed and devoted to short sale success. This is part four in a our series on how we get your house sold by short sale. My team has built a seven step process that gets us the greatest amount of success with a short sale. If you have not watched our first three steps, now would be a nice time to do that. So, if you are in the Philadelphia/Wilmington, DE region, grab a cup of coffee and relax while you view our previous three steps. This is step four, which is about advertising your short sale.

Our goal is to offer the best and most creative advertising available to get the greatest price for your property. We understand that this procedure can be a taxing and discouraging time in your life as you sell your Philadelphia/Wilmington, DE property by short sale.

Don’t permit just any Realtor to market your short sale. A number of realtors treat short sales as “less than” important clients. My team knows that we have to do the same promoting for our short sales as we do our conventional sales as the aim is still to get the highest and best price in the least amount of time. Our Short Sale clients have the same goal as our conventional customers, get the home sold. With that in mind, we do not short change the marketing.

• High Profile Listing on line to draw buyers
• Virtual Tours and Videos
• Interactive Voice Reply Tools
• Quality color Marketing Materials

Some specialists struggle to get their short sale listings sold. Not us, we work hard day after day to advertise our listings and win over buyers. Short sale means no equity, nothing more and nothing less.

We are the top realtors in the Philadelphia/Wilmington, DE area. Make contact with us today if you have questions about your Philadelphia/Wilmington, DE home.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Welcome to Short Sale Shift. We are Sarah Willman and Josh Pomerleau, Minneapolis Short Sale Realtors. Let’s speak about what we did yesterday. We have been seeing a lot of short sales failing in the Minneapolis vicinity. We checked into this and discovered 133 in the Minneapolis metro locale that terminate within five days.

The national average in closing short sales is between 25% and 40%. Evidently, some agents aren’t getting their job done because there are agents like us that complete more than 90% of their short sales. So, we thought that we would reveal this to you today. We get many customers from people who have had their short sale terminate. If you are in that situation we may be able to help you out. So, if you are in that position and your realtor couldn’t close the short sale, we would like to help you out. Even if you don’t believe that you have a suitable hardship, we would like to look at your file. There could be something that the realtor missed or that specialist may not have much knowledge working many short sales.

Possibly you rescinded your own short sale because you felt your realtor was incompetent. If you have any short sale questions, please give us a call.

If you are in the Minneapolis vicinity check with us to find out more information on our short sale seminar. This session if for both short sale specialists and property owners. The objective is just to inform both agents and house owners about short sales and how to successfully complete a short sale. We can answer several of the questions you may have.

Thanks for checking out our blog this morning. Give us a telephone call to help with your short sale. We are the foremost Minneapolis short sale specialists.

Minnesota Short Sale Shift can answer your questions. We are Minnesota’s Foreclosure Avoidance and Short Sale Specialists.

Get more help from short sale Realtors, Josh and Sarah, at Short Sale Shift presented by the Short Sale Specialists of Minnesota

Yesterday we talked about the foreclosure freeze and how, in our opinion, it has virtually no influence on our industry. Let us persist with that conversation. There has been more information from BofA and GMAC in the previous 48 hours. As early as next week, these banks are going to restart foreclosures. This is worthy of note because, in the 23 judicial foreclosure states, they will restart foreclosures. However, they will examine their procedure in the other states.

I believe the media has blown this out of proportion along with many real estate specialists. That comes from not searching further into what the news truly is. Some real estate specialists are thinking that if banks aren’t doing foreclosures, it is a wonderful time to get some short sales, assuming that they have additional time to work with lenders.

Nevertheless, here is an interesting stat from an employee at key lender. The average days of deliquency at foreclosure is a whopping 448 days!

448 DAYS!

That is almost fifteen months. How much more time do you require to get out of your home? We are homeowner advocates, but if you are deliquent for approximately 15 months, you ought to lose your house.

Real estate specialists, you have an average of 448 days to complete a short sale! That is plenty of time to list a property and complete a short sale. It is never the outside circumstances that control our business. Any agent that believes this is a good chance to get into short sales should understand that the opening has always been there. The market is not getting better any time soon. You have the chance to assist homeowners.

Moreover, homeowners out there, take action sooner rather than later. agents need to help them do this. There are too many homeowners waiting on loan mods, but loan mods do not work for the huge majority of homeowners.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

Hi and welcome to our website. I am Fred Weaver. My associate, Kevin Kauffman and I manage Group 46:10 Arizona’s leading short sale team. Thank you for watching us today. Our group has completed 300 short sale transactions at a 90% rate over the previous few years. We would love to chat with you if you are interested in doing a short sale. This website is intended to educate house owners about options other than foreclosure.

One of those choices is a loan mod. It is one of the more talked about choices in the business today. A loan modification can alter your interest rate, which changes your monthly payment. It can also result in a principal discount to how much you owe against your home. Nevertheless, most lenders do not do principal reductions. It would be fantastic if banks did this, but it doesn’t occur. It does not occur because the banks don’t want to encourage property owners to stop making their payments to get a principal discount.

Loan modifications are more prevalent where your payment changes because your interest rate goes down or because the lender extends your payments. A loan mod is a magnificent alternative for someone that wants to stay in their house. Most property owners are so upside down with their mortgage that staying in their home is not a magnificent alternative.

When you ask for a loan mod you have to be very attentive and very tolerant. Most loan modifications do not get accepted. Even the ones that do get accepted do not come with flattering conditions.

If you would like more details on loan modifications or you would like our opinion on this option, give us a call. We would be happy to chat with you and assist you. Thank you for watching and come back in the near future for more options to foreclosure.

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

Hi there. This is Matt Fetick with Sold By Short Sale. We are the Philadelphia and Wilmington, DE area short sale specialists. This is step five of our seven step procedure. We have broken down the seven steps that our team utilizes to effectively complete Philadelphia and Wilmington, DE short sales. We can’t promise 100% success with every short sale that we take on. Nonetheless, we feel that if we follow our established process we will have the finest chance of getting your Philadelphia and Wilmington, DE short sale approved. If you have not watched our previous steps, please take the time to look at them.

This is step five, one of the most important steps. When we get an offer on your property we get all of the paperwork required from a potential buyer. We present them to you and compare the offer price to what we think the lender will agree to. At this time we may make recommendations to you about countering or submitting to the bank. Either way, you will be a part of that procedure.

We know that when we get an offer and present it to the bank it will take at least five or six weeks to hear a response from the lender. So, we ask the eventual purchaser to provide us six weeks to get that answer. Every now and then purchasers don’t like that, but we show them why it is worth the wait.

After the offer comes in, we will call you and go over the bid by phone. Then we will convey it to you for your signature. Your signature means that you are accepting the bid, but it does not mean that the lender will agree to it. We send this to you using an e-signature program. You will get all of the papers online where you can examine them and then execute your signature. This is the smoothest way to get your house from on the market to under contract.

We will continue to show your home. We think that it is critical to get back up offers. If the first offer isn’t accepted, we can move on to a new offer without losing valuable time.

If you would like additional information on how we successfully close Philadelphia and Wilmington, DE short sales, please do not hesitate to call us.

Philadelphia Sold By Short Sale can answer your questions. We are Philadelphia and Wilmington Foreclosure Avoidance and Short Sale Specialists.

Get more help from Philadelphia short sale Realtor, Matt Fetick, at Sold By Short Sale presented by the Premier Short Sale Realtor in Philadelphia and Wilmington

Good morning. This guy hanging on my shoulder here is Coach Collard. We are now finishing up with Bank of America event at Brian Gubernick’s office. Yesterday we challenged realtors to get their heads out of the sand. The BofA supervisor that chatted with us today actually mentioned a few things today that referenced the outback.

The BofA boss noted that sometimes you will come across situations where the transaction is a good deal for the bank, but the negotiator just does not seem to get it. From time to time you will have to fight and work your way up to a executive because the employees that you work with on a day by day basis have guidelines and limitations to work within. They also do not have the authority to make these decisions.

I don’t know how many times we have said this but you need to escalate, or hear ‘no’ eleven times, or get hung up on three times in a row. You have to be prepared to rattle someone just enough to permit you to go on to the next step. Are you prepared to do what it takes to discover a solution?

As Brian Gubernick said a few weeks ago, the realtor has to be more worried with your client’s foreclosure than hurting a negotiator’s feelings. The outback gives you the mindset to shift into that empowerment.

The BofA supervisor noted that the negotiator does not always have the capacity or power to make decisions on folder and it is OK to escalate if necessary. He also mentioned that he needs other details concerning BPO’s. The bank wants more details than they already have. In addition, guidelines are bank specific and investor specific within BofA. Nonetheless, there are exceptions. At the end of the day it is completely about loss mitigations.

BofA services about 25% of all loans in the nation. Of the loans that they service, BofA is the backer in 20%. The additional 80% are loans that they do not own, but they may be delegated on. One out of each five short sales you forward to them is a judgment they can make themselves.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

Hi and welcome. We are Kevin Kauffman and Fred Weaver, Arizona’s premier short sale specialists. We’ve completed higher than 300 short sales in the Paradise valley vicinity. Still, this blog isn’t about us. It’s about you, the home owner. This blog is designed to give you some information and clarity about short sales.

We sought to speak concerning alternatives to foreclosure. Many people want to know what their choices are. Some of the alternatives sincerely work. Still, there are some that you will not meet the criteria for or basically will not be a good choice for you.

Home owners often call the lender and inquire if they can refinance. The easy reply is ‘yes’ you can refinance. However, the lender does not give loans for more than the property is worth. This is the problem that a lot of people are running into.

An additional choice for property owners is to bring funds to the lender to pay down your mortgage in order to refinance. We have got an entire list of alternatives to foreclosure in Arizona and particularly in the Queen creek locale. Future episodes will discuss some of the other choices to foreclosure. So, please continue to view our house owner help videos.

Please fill out the form on our website or make contact with us today. We can assist you through this difficult process. Whether your mortgage is currently held with Wells Fargo, Bank of America, Chase, and any other bank, we have worked with all of them successfully completing 90% of the short sales that we deal with. Because the nationwide standard for successfully closing short sales is only 30-50%, you have to employ someone with a track record of success. Please make contact with us today for higher help.

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

Hi and welcome. We are Kevin Kauffman and Fred Weaver, Arizona’s premier short sale specialists. We’ve completed higher than 300 short sales in the Paradise valley vicinity. Still, this blog isn’t about us. It’s about you, the home owner. This blog is designed to give you some information and clarity about short sales.

We’re here today to chat to you about GMAC bank. Owned by Ally Financial, GMAC has made a lot of changes over the previous few years. They have recently shifted their process to Equator, which is a efficient online system for handling short sales. Their procedure has gotten much smoother in recent years.

When we get an offer on your property, we upload all of that information into the equator software. The package is assigned to a negotiator at the bank. Then the bank orders a Broker price opinion to find out what the house is worth and then they make a choice on the proposal. Essentially, GMAC is making short sale decisions inside 60 days of getting a contract accepted. Equator is making this method much quicker.

Having closed numerous short sales at GMAC, we are very proficient in moving through the short sale process with Equator. Our experience, joined with Equator, has made the short sale procedure 30% faster than it ever was before.

Please fill out the form on our website or make contact with us today. We can assist you through this complex process. Whether your mortgage is presently held with Wells Fargo, Bank of America, Chase, and any other lender, we have dealt with all of them effectively closing 90% of the short sales that we deal with. Because the national standard for successfully completing short sales is just 30-50%, you need to employ someone with a track record of achievement. Please get in touch with us today for more help.

Short sale FAQs and more.

Get more information on selling your home from Kevin and Fred at My First Short Sale by the Short Sale Specialists of Arizona

Fred and Coach just got done with an occasion in Scottsdale with a Bank of America supervisor, hosted by Brian Gubernick. This episode is for all of the specialists out there that do not take the time to inform themselves, accept as true all they read and listen to what negotiators say.

In the present day, with all of the changes going on in the short sale industry, nothing is ever what it seems. Secondly, you need to get your head out of the sand and make your own decisions.

What we found today, listening to the Bank of America executive, is that lenders don’t actually know what they are doing any more than the real estate specialists. So, if you ask ‘How” to do anything you are immediately disempowered.

As real estate agents, we need to be more dedicated to learning our profession. This isn’t a game that you fly into simply to try it out while ruining twelve home owners lives. You have to realize what a deed in lieu is, what a loan modification is, what a trustee auction is, and dozens of other things.

It was extremely clear that the Bank of America supervisor was not happy with the real estate community either. There are too many real estate specialists that are misinformed or just plain lazy. Get the real details from people that are checking the sources or check the sources yourself! Real estate agents, we love you. Still, it is time to lift up our profession.

We’ve got a special offer for you. If you go to shortsalecrush.com, you can get our 12 hours of teaching for a hugely reduced price. Please inform yourself. It is time to take the real estate business to another place. Also, just because you are well-informed, that does not mean you have learned to think for yourself. Nothing is ever what it seems.

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Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona

Good morning everyone. We are Kevin Kauffman and Fred Weaver, Arizona’s premier short sale group. We had a special request today which came from last week’s installment. The inquiry was posed to us. What would we ask the Freddie Mac Chief executive if we had the opportunity to question him?

The first thing we would like to know is how much more cash have you mitigated by doing a short sale. We would also like to ask, of the short sales that were denied, what was the cost disparity between what the net proceeds were versus the first offer.

Round two of the questioning process…What could the servicers do to help them lessen loss? Assuming the answers to the first 2 questions are what we think they would be, this is the next question on our list. Moreover, we would like to understand what their current pull through rate is. The pull through rate is a the ratio of how many short sale applications come in vs how many short sales are completed.

Wondering aloud, why can’t we simply allow the purchaser to present an appraisal up front instead of getting a value from the Broker price opinion agent that has not sold a property in 24 months.? Assuming short sales are more valuable, why not relax the guidelines to make short sales easier to close more transactions sooner? Why do we nitpick on HOA fees? Millions of dollars worth of transactions are lost because of HOA fees. Why not give delegated power to your servicers on virtually everything? Why do agents have to work so hard to challenge the bank Broker price opinion? If I sell 150 to 200 houses a year, I understand the value of homes.

We would also like to speak about second mortgages. Why not simply loosen your guidelines on second mortgages? How many transactions are lost because of the second mortgage? We recognize that you do not want to see the second get back a heap of money while the first takes it in the shorts, but at the end of the day you are taking it in the shorts either way.

Short sale FAQs and more.

Get powered up by Kevin and Fred at Short Sale Power Hour by the Short Sale Specialists of Arizona