SHORT SALE APPROVAL
Hello I have a Short Sale that was just Approved today from $210,000.00
and Approved offer of $93,000.00 1 Dayton Place Meriden CT. 06450.....It was listed for
$143,000.00.......Do you have anyone that would be interested?
Debt Adjuster Licensing
Anyone doing Business in Connecticut must aquire a License.
Short Sale Negotiator,Loan Modifications,Loan Structure,Anything to do with Foreclosure Rescue must Aquire the Licensing..
You can Register here:
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Visit the Connecticut Licensing Info Center for information on all licensing and permitting activities across Connecticut State government.
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Real Estate Constultant License!
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Debt Adjuster Licensing
Debt Adjuster Licensing
Nonprofit and For Profit Who needs a license?
"Debt adjustment" means, for or... continue reading >>
Divorce/Short Sale
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Normal 0 When a family is going through a Divorce and or Divorce is finalized make sure to have Both Parties to Agree with the Sale of the house and the Short Sale. Have needed Documents signed to back it up. Also inform Homeowners in a Short Sale they cannot in no way Shape or Form receive any money from the Sale of the house in a Short Sale. (Since Banks are taking a loss) Also inform them that a Short Sale can take between 3-8 months. That it is a lengthy process. Try to stay in communication with... continue reading >>
Complete Short Sale Package!
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A Complete,Neat,Organize Short Sale Package is a Must!
If you summit a incomplete package it will be Denied!
If you summit Contracts or documents not signed & Dated it will delay or be in danger of Short Sale to be Denied.
Always be consistant
Always document All Commuications (Date,Time,Who,Conversation)
Upadtes All Parties involve(Realtors,Attorney,Buyer,Selleretc) to avoid miscommuication.
Always Validate your Discount (Repairs list,CMA,Market Analyst,PIC etc)
Always Speak as you know what you are doing.(If you ask a Negotiator a question that you as Investor should know you will leave yourself open for Deniel!)
Make sure to Meet in person or... continue reading >>
Approval of Short Sale...
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99% of my Short Sales are Approved.
The one Percent ussually falls under the following:
1. Buyer walked (Short Sales took to long)
2. Lenders don't want to lend funds on houses that need too much work.(buyer)
3.Realtors want 6% to 10% commission (Lenders Will not Approve)
4.When Seller don't summit the Required documents per Lenders Request
5.Too many people Involve the Transaction
(That have No Clue what a Short Sale is Will Hinder the Processes!!
... continue reading >>
Realtors Need to Understand!
Realtors need to Understand that their Comission will come from the Sale of the property. Unfortunately the Percent is Approved by the Lender not what you "The Realtor " would like.
Lenders have the upper hand in what fees they want to Approve!!
Thank you...
Investor Must get a License
New Law for Doing business CT!
This is Great! Finally New Law was passed that All Real Estate Consultants Negotiating Short Sales Etc. must be licensed in Connecticut! After October 1, 2009 any new deals After that date…. This is Great keeps away the people that are Scammers and have no clue what there doing. And for Us to have a Licenses to back us up!
The Bill is 950!Check it out!!!
http://www.cga.ct.gov/2009/BA/2009SB-00950-R01-BA.htm
DEBT ADJUSTER LICENSE Appli
Foreclosure Rescue needs a Debt Adjuster License below is an Application....
This is for Connecticut and doing Business in Connecticut....