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| “Short sale” (real estate) - the lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss.” |
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Negotiated a 1st & 2nd lien owed $550,000
to $399,311 |
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Negotiated a 2nd lien owed $47,000
to $1,000 |
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Postponed a foreclosure date with less than
48 hours until auction. |
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Negotiated a 3rd lien owed $15,000
to $1,000 |
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Negotiated a 1st lien owed $194,000
to $180,900 |
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Click here to find out ways to improve your credit!
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| Homeowner |
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“Short sale” (real estate) - the lender allows a property to be sold for less than the amount owed on a mortgage and takes a loss.”
You are…unfortunately what lender's call "upside down."
Let's take this example: you bought the house last year for $550,000, and took advantage of the mortgage broker's sales pitch and obtained a 100 percent loan. Now, the house will probably only sell for $475,000, and you lost your job or the rate adjusted or any other reason but now you cannot afford to continue making your monthly mortgage payments |
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| THERE IS HOPE! |
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A Short Sale is when a homeowner sells their home for less than they owe. This is done with ALL the lender’s approval. The lender(s) are willing to receive less than they are owed on the property to clear the loan from their books. What you must realize is that the lender(s) are willing to accept less than they are owed because they DO NOT WANT TO FORECLOSE ON THE BORROWE. It is strictly a matter of dollars and cents. The lender(s) (bank) realizes it is better to take the sure sale and rid itself of the property instead of spending time (which is money) foreclosing, incurring legal bills, and the cost of keeping up the property for an unknown period of time. Do you think a $100,000 2nd mortgage lender wants to pay off a $400,000 or $500,000 first mortgage to foreclose. They are trying to cut their losses not incur new ones.
A Short Sale, a short payoff, or a pre-foreclosure workout are different ways of saying the same thing.
Selling short means you're asking the underlying lender(s) to accept less than their payoff in order to facilitate a sale of the home, instead of foreclosing on the home.
Foreclosure is expensive for a mortgage lender. Mortgage lenders are not in the business of foreclosing on houses. Banks and lenders are in business of making loans. They don't want the house back. This is a business decision for the lender. This means it has to make rational, logical sense. It is said that with a foreclosure, the lender can lose up to 40% of the mortgage amount because of the extra costs involved with foreclosing on a property: attorney fees, court costs, lost interest, eviction costs, property maintenance costs, and selling costs. Foreclosing on a property can also take up to two years in some states.
Homeowners, you will be asked to prove financial . This means you will have to submit proof that you don't have the money to make up the shortage. If you do have the money, this is no longer a short sale, the industry calls this a "seller to bring cash in at closing" sale. If you ask your real estate agent to help you in hiding assets, an agent cannot assist you with defrauding a lender.
If an "angel" investor offers to 'take over the payments' and lets you pay rent until you're back on your feet, and then asks you to sign a quit claim deed, transferring title to the investor, stop everything and go get some legal advice immediately. You might be thinking: I'm in financial distress; how can I afford legal advice? Contact your local bar association for a referral to free legal aid. A quit claim deed transfers interest but not liability. This means you are still liable to make sure the mortgage is paid, and further, transferring yourself out of title means your lender might decide to call your note due and payable. There are many foreclosure rescue scams to be careful of. If the rent is set too high, thus not allowing you to really get caught up at all, this has a name: equity skimming. Go see an attorney.
Homeowners, you will be asked to pay back the shortage. That's right; your lender will ask you to sign a brand new unsecured note in order for you to pay back the difference in monthly installments. If, out of the goodness of their heart, (don't count on it) the lender "forgives" the debt, then the IRS sees this as a taxable event. Homeowners: Go see your favorite tax attorney or CPA for tax advice if you are in a short sale scenario.
Homeowners, the worst mistake you can make is to go into denial and stay in your "happy place" and not make those hard decisions.
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The best steps you can take are preventative. When you see yourself getting close to needing to sell in order to avoid foreclosure:
1) Decide if you absolutely must sell or if you're better off riding out the financial tough road. If there's a light at the end of the tunnel, and you don't want to sell, perhaps you're better off not selling.
2) Talk to a HUD-approved housing counseling agency that offers "default" counseling.
3) Don't ignore letters or calls from your lenders. Go rent and watch the movie "House of Sand and Fog" to wake you up from your state of denial. Talk to your lender.
4) The lender will usually require the borrower to submit a lot of information to the lender in order to consider the short sale. The information required may include: |
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Income documentation such as W-2s and pay check stubs to verify the borrowers’ income. |
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Bank statements to verify the borrowers’ assets |
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– this letter will describe for the lender the reasons the borrowers are in the financial position they are in and will ask the lender to accept the short sale. Borrowers should make this letter sound as sad as possible and back up the story with any documentation you may have such as medical bills, etc. |
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Fair market value for the property – depending on the lender they may require an appraisal or may accept an opinion from a local Realtor know as a Comparative Market Analysis (CMA). |
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Preliminary proceeds sheet from the sale of the property. This will show the proceeds of the sale of the property after the mortgage is paid off and all other closing costs and fees are paid. This will be negative in the case of the short sale and this negative amount is the amount of the shortage. |
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Listing agreement and purchase agreement when they are available. |
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| Knowing Lender Thresholds For VA, FHA, And Conventional Loans |
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1. FHA loans are insured at 82% of the current market appraised value
VA loans are guaranteed at 88-91% of the current market appraised value
Conventional and Home Equity lenders expect net proceeds of no less than 85-92% of the current market appraised value.
Note: These thresholds represent a percentage of current market value, not the loan balance. Currently, the Conventional threshold is 85-92% of current market value. This threshold fluctuates with the market and is lender-specific.
My goal is to have you the homeowner get out of the situation as whole as possible. Sometimes you will be required to sign an unsecured note for a portion of the outstanding debt.
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| What are the options besides a short sale? |
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If the homeowner does not have to sell, or does not want to sell their home, there are MANY options available to homeowners. They could move into a more affordable home and rent out their existing home, they could take on a roommate, they could refinance (although this is not always the best path. Homeowners in a short sale situation are often in financial distress, which means higher rates and fees because you're seen as a higher credit risk to a new lender), they could talk with their existing lenders to re-configure the terms of the loan. Homeowners who do not want to sell or do not have to sell ought to seek out a HUD-approved housing counseling agency. Why? Because at bare minimum, SOMEONE, in this case our federal government, has deemed the housing counseling agency competent. What a homeowner should not do is to blindly trust that the signs by the side of the road are from reputable folks. In fact, the assumption ought to be that if a deal looks and sounds too good to be true, it is. There are no angels on earth. Homeowners, you can be easily taken advantage of by these folks. Wake up and keep reading.
Thanks to programs such as those proposed by Fannie Mae and Freddie Mac to assist subprime borrowers, many lenders are more willing to offer loan modification options. This option can extend the term of the loan, add on delinquent payments to the loan principal, and/or reduce the interest rate to make the loan more manageable for the home owner.
Another option is a repayment plan that requires home owners to increase their monthly payments until the loan is current In some cases it may be possible to refinance an adjustable rate loan with a Federal Housing Authority or conventional fixed loan. Note that lenders will not postpone a foreclosure just because a property is listed, although they may postpone if you have a reasonable offer in the works.
I like to say that everyone wins in a short sale… You the seller win by getting out of a financial predicament a clean transaction and a salvaged credit score. Your property is saved from foreclosure, thus helping you to save your credit rating. Allowing you home to proceed into foreclosure may adversely affect your credit for up to 7 years.
The lender wins by avoiding timely and costly foreclosure proceedings which could lead to an even more costly expense of ownership of the real estate by the by the bank.
The buyer of your property wins by getting a solid property at a good market value. |
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| Credit Rating Consequences of Loan Workouts and Foreclosure |
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There are no easy answers for homeowners who are worried about how a workout agreement or foreclosure will affect their credit rating. There are no hard and fast rules regarding how any individual credit granting decision will be made based on a particular notation on their credit report. Also remember late payment stand an event all to themselves. Each creditor analyses credit reports differently.
Any delinquency will usually mean “bad credit risk” to most creditors even if it is paid in full relatively quick. On the other hand, with a foreclosure looming, you will have important concerns regarding putting a workout plan into play , not the least of which is the loss of your home or at least reducing the liability. Any effort that prevents foreclosure from being completed will show a creditor that you have made an effort.
A foreclosure is usually fatal to applications for new mortgages from reputable lenders for about 2 years. Bankruptcy is also fatal for at least two years. A “deed in lieu of foreclosure is not a big improvement over foreclosure. |
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| Do I have to pay income tax on the short sale? |
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On Thursday, December 20th, President Bush signed into law a bill passed by Congress: HR 3648 -Mortgage Forgiveness Debt Relief Act of 2007. The three major points are: Elimination of the “phantom tax” on foreclosures, short sales or other discharges of debt on a primary residence. Consider this scenario: A property is worth $250,000, and the mortgage balance is $300,000. Under the old rules, if a lender forgave the $50k difference as part of a foreclosure, short sale, refinance or loan modification, the borrower had to claim the $50k as income and pay federal income taxes on that amount. The new law eliminates this “phantom tax”, and the forgiven debt is no longer treated as taxable income to the borrower as long as certain requirements are met, such as the discharged mortgage balance must be on the taxpayer’s principal residence.
The tax deduction for mortgage insurance premiums is now extended until December 31, 2010 instead of expiring at the end of 2007. The same rules apply as before in terms of the income limitations etc., and these rules are covered in the taxation section of the CMPS curriculum.
The capital gains exclusion is now $500,000 instead of $250,000 for an unmarried individual who sells their primary residence within 2 years of the time their spouse has died. This new guideline applies to sales after December 31, 2007, and provides relief for widows and widowers by giving them a 2 year window from the time their spouse
has died to sell their home and receive the $500,000 exclusion. Of course, the same rules apply as before, where the individual(s) need to have lived in the home as their primary residence for 2 out of the last 5 years. |
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| FORECLOSURE RESCUE SCAMS |
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A growing scam that disproportionately targets homeowners in financial distress can, and often does, literally cost them the homes they have lived in for years and worked hard to obtain. It is called a foreclosure "rescue" scam, and in no sense is it a genuine rescue; in fact it is usually quite the opposite.
Foreclosure "rescue" scams target those who have fallen behind on their mortgage payments. In this scam, a con artist who promises to help consumers save their home is actually intent on stealing the home—often a family's most precious asset—or most of its accumulated equity.
Some homeowners will be facing foreclosure because of a foreclosure rescue scam. The "rescuer" may be the foreclosing creditor, although this scenario is uncommon. Usually, the rescuer acquires title to the property, not just a mortgage on the property, and then proceeds by way of eviction rather than foreclosure to remove the (former) homeowner. Other times, the rescuer acquires title to the home but does not pay off the original mortgage. Then the original lender may be foreclosing. It is important to recognize the red flags of a foreclosure rescue scam so that these cases can be given special treatment.
"Rescuers" are also likely to be soliciting the homeowner while you are trying to put together a workout. It is important to alert homeowners about these scams so that they know to avoid them. |
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| What Are Foreclosure "Rescue" Scams? |
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Foreclosure rescue scams most often appear in one of three varieties:
Phantom Help Scams. The first might be called "phantom help," where the "rescuer" charges outrageous fees either for light-duty phone calls and paperwork the homeowner could have easily performed, or makes a promise of additional representation that never occurs. In either event, the homeowner is usually left without enough assistance to save the home and with little or no time left to prevent the loss of the home or seek other assistance. The "rescuer" essentially takes the fees and abandons the homeowner to a fate that may have been prevented with better intervention and assistance.
False Bailouts. A second variety of the scam is the "bailout" that never quite works. This scenario includes various schemes under which the homeowner surrenders title to the house in the belief that she is entering a deal where she will be able to remain as a renter, and then repurchase the house over the next few years. This is also known as a "lease/buyback scheme." Homeowners are sometimes told that surrendering title is necessary so that someone with a better credit rating can secure new financing to prevent the loss of the home. But the terms of these deals are invariably so onerous that the buyback becomes impossible, the homeowner permanently loses possession, and the "rescuer" walks off with all or most of the home's equity.
Bait and Switch. The third variety is a bait and switch where the homeowner does not realize he or she is surrendering ownership of the house in exchange for a "rescue." Many homeowners later insist that they believed they were signing documents for a new loan to make the mortgage current. Many also say they had made it quite clear they had no intention of selling or giving up their home to anyone. It is important to note that substantial numbers of this third type of scenario involve fraud and forgeries of deeds. In many cases, the home is transferred for a small fraction of its actual value. |
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| Typical Tactics Employed by "Rescue" Scammers |
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The "rescuer" starts by identifying distressed homeowners through public foreclosure notices in newspapers or at government offices. These records are more readily accessible than in the past because they are computerized and private firms now compile and sell the lists. The homeowner has not been foreclosed on yet, but is merely threatened with foreclosure after falling behind on mortgage payments.
The "rescuer" then contacts the homeowner by phone, personal visit, card or flyer left at the door, or advertises. The initial contact typically revolves around a simple message such as "Stop foreclosure with just one phone call," "I'd like to $ buy $ your house," "You have options," or "Do you need instant debt relief and CASH?" This contact also frequently contains a "time is of the essence" theme, adding a note of urgency to what is already a stressful situation.
Initial meetings stress the promise of a "fresh start"—likely what a frightened homeowner most wants' to hear—and often feature written or recorded "testimonials" from other homeowners the "rescue" scammer supposedly saved. What is glossed over is that the rescuer's help often comes at a very steep price and is usually either ineffective or affirmatively harmful. Homeowners are also frequently instructed to cease all contact with lawyers or the mortgage lender and let the "rescuer" handle all negotiations. This devious tactic simultaneously cuts off access to possible refinancing options while running out the clock on ways to prevent the foreclosure.
Once it is too late to save the home, the property is either taken by the "rescuer" or, having been drained of substantial equity through the "rescuer's" imposition of heavy fees and other charges, simply lost to foreclosure. After things fall apart, many homeowners suffer the added stress and indignity of being evicted by their "rescuer" from the home they once owned. |
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| Major DON’Ts for Homeowners in Financial Distress |
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Do not panic. Get information on the foreclosure process in your state; find out how much time you have to resolve your problems short of losing your home. Make sure you understand all the deadlines for responding to court documents, documents from lenders, and other important papers. Be sure that you know the point at which you can lose the legal right to own your home.
Ask a lawyer to review any contract you are asked to sign. Make sure this is an attorney that you have chosen, without any help from the person who wants you to sign the contract. If the other party will not give you an advance copy of the contract, or discourages you from consulting your own attorney, it is a sign that he or she has something to hide. See page 34, above, for suggestions about finding a lawyer.
Never sign a contract under pressure. Take your time to review the paperwork thoroughly, preferably with a lawyer who is representing your interest.
Do not sign away. Ownership of your property (often referred to as a “quit-claim deed") to anyone without advice from your lawyer. Be suspicious of offers to take over ownership of your home as part of a deal that will allow you to lease it and then buy it back after two or three years; experience shows that the buy-back is often extremely expensive or otherwise out of reach, so in reality you either never get your home back or, if you do, you have paid an outrageous amount to recover it.
Do not pay your mortgage payments to someone other than your lender even if he or she promises to pass the payments on to the mortgage company.
If you find you cannot pay your mortgage do not ignore warning letters from your mortgage lender. Call your lender, housing counselor, or a lawyer for help.
Beware of any home sale contract where you are not formally released from liability for your mortgage. Surprisingly, some people lose their home but still wind up owing on the mortgage! Make sure you know what rights you are giving up in any contract and that you agree to give them up.
Never make a verbal agreement. Get all promises in writing and get copies of the agreement.
Do not sign anything containing blank lines or spaces. Information can be added later without your permission.
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Do not fall for promises like these, often used to lure homeowners into deals that will cost them a lot more than they will "save":
• "We will save your credit."
• "We will .pay your first two months' rent or payments in your new place."
• "You will get several thousand dollars in cash back that you can use any way you want."
• "If you sign the 'house over to us the foreclosure will be recorded against us, not you."
• "We will buy your. House “as-is.'
• "We guarantee we will find you a buyer in seven (or,14) days." , - ..
• "We will help you file bankruptcy to stop this foreclosure."
• "It may cost you thousands more if your property is sold at public auction."
• "We will give you $40 in Free Gas."
If you do not speak English, use your own translator. Do not depend on the "rescue"
firm's translator. |
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| SPECIAL RIGHTS FOR MEMBERS OF THE MILITARY AND THEIR DEPENDENTS |
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Members of the military who are on active duty and their dependents have special rights that can significantly reduce their expenses. The interest rate on any obligation taken out before the service member entered active duty—for example, a mortgage, a car loan, a credit card, a home equity line of credit, a payday loan—is reduced to 6%. If there are co-signers on the obligation, the interest rate has to be reduced for all obligors. Reducing the interest rate can result in a major reduction of the monthly payment, but the service member must request the reduction.
Federal law allows service members to get out of vehicle leases without penalty in some circumstances when they enter active duty. Even a service member who entered into the vehicle lease while on active duty can get out of it if he or she is transferred overseas or deployed with a military unit for 180 days or more. In addition, when a member of the military is on active duty, federal law prohibits self-help repossession, non-judicial foreclosure, and enforcement of storage liens without a court order. While these prohibitions do not directly reduce the service member's monthly expenses, they mean that a service member who falls a little behind on these payments is not in danger of immediate loss of property.
In addition, as of October 1, 2007, a new federal law will prohibit certain loans to active duty military personnel from carrying an interest rate greater than 36%.
If you or a member of your family is on active duty, refer them to a JAG Corps attorney to make sure that they have exercised all their rights under the Service members Civil Relief Act.
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| Tax Refund Loans |
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Refund Anticipation Loans (RALs) are extremely high-cost bank loans secured by the taxpayer's expected tax refund—loans that last about 7 to 14 days until the IRS refund repays the loan. These loans go by various names, such as "Fast Cash Refunds," "Express Money," or "Instant Refunds." These loans are made on behalf of a bank through a tax preparer who files the return for the taxpayer. The effective annual interest rate (APR) for a RAL can range from about 40% (for a loan of $9,999) to over 700% (for a loan of $200). If administrative fees are charged and included in the calculation, RALs cost from about 70% to over 1,800% APR
In 2006, a RAL for the average refund of around $2,150 cost about $ 100. A loan under those terms bears an effective APR of about 178%. If the taxpayer goes to a preparer who charges an additional $30 administrative fee, the effective APR including the administrative fee would be 235%. These loan charges are in addition to tax preparation fees averaging $146, so the grand total could be as high as $276. Approximately 12.38 million taxpayers— about 1 in 10 tax returns—received RALs in the 2004 tax filing season. These consumers paid a total of S 1.24 billion in loan fees, plus $360 million in administrative fees for these loans.6
Recently, RAL lenders have started promoting pay stub RALs and holiday RALs in addition to RALs based on the tax payer's actual W-2 form. Pay stub RALs are offered in January, using the borrower's year-end pay stub information rather than a W-2 form. Holiday RALs are offered even earlier—in November and December—before the borrower has even received a year-end pay stub. These RAL loans present additional risks and costs to borrowers.
In addition to the high cost, RALs can be risky. Since a RAL is a loan from a bank in partnership with a tax preparer, it must be repaid even if the IRS denies or delays the refund, or the refund is smaller than expected. If the consumer does not pay back the RAL, the lender may report the delinquency to a credit reporting bureau, send the account to a debt collector, or use the tax refund to pay for old tax debts that the lender claims the consumer owes it or other banks.
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| How banks are organized: |
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Each servicing company is organized differently. However, servicers often will be divided into the following departments. Please note that not every servicer will have a department listed below or call the department by the name listed below.
The Escrow Department. The escrow department collects, money to pay for hazard insurance, property taxes, mortgage insurance premiums, and other assessments, and prepares annual escrow statements. Call this department if there is a question about the escrow account. For example, if there is a deficiency (negative balance) in the escrow account, are-payment plan can be worked out with this department.
Collections Department. Once the homeowner has missed a payment, this is the department that will call and send letters to the homeowner demanding payment and assessing late penalties. Your call may be routed to collections. In addition to monitoring the delinquency, the collections department may initiate a conversation about loss mitigation and workouts, but may only be authorized to put simple workouts (typically a full reinstatement or short-term repayment plan) in place.
The Loss Mitigation Department. The loss mitigation department will negotiate a work
out plan or other foreclosure alternative. This department has the full authority to offer a
wide range of workout options. If the servicer has a loss mitigation department, it is appropriate to contact this department to begin workout discussions.
Bankruptcy Department. If the homeowner has filed for bankruptcy, this department will track and monitor the bankruptcy case and repayment plans. If the homeowner is in bankruptcy, you may be referred to this department when you call the servicer. '
The Foreclosure Department. The foreclosure department monitors the foreclosure process. You can call this department to get copies of default or foreclosure notices. to check on the status of a foreclosure, and to obtain a breakdown of the foreclosure costs.
The Real Estate Owned Department. The real estate owned department assumes all the responsibilities of ownership for the foreclosed real estate. This includes the responsibility for vacating the property by providing tenants with time to move, giving them a cash incentive, or initiating eviction procedures. You would call this department if the homeowner has decided to move out of the home. If you are helping the homeowner's tenants this department may also be of assistance.
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| My goal and role: |
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| MY GOAL IS TO GET YOU OUT OF THE CURRENT SITUATION WHOLE. I have done more Short Sales in the Northern Virginia, Maryland and Washington DC areas in a month than most real estate agents have done in their entire career! I view myself as a problem solver, negotiator, and marketing expert, then as a real estate sales person. My logic is simple. I believe that when buying or selling real estate, you need access to as much factual information as possible in order to make an intelligent decision, or rather, the best decision possible for that particular situation. Given that mindset, I set out to provide an unbiased, intelligent overview of the issues surrounding short sales. |
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| Things to keep in mind in a short-sale transaction in a pre-foreclosure process: |
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Buyer and Seller must be patient: Lenders are usually inundated with many of these cases especially because of the current credit environment. The offer you will receive on your property will have to be considered along with many others. Thus, you have to wait for your turn. You are not dealing with a person who is dealing with only one sale. Never expect to receive a response in a day or two. It could take as long as three to four weeks before you get an answer (hopefully, an approval) from the lender. Therefore, the usual term of response required within24 hours is useless and is ignored in a short sale transaction. |
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Price it right: The property must be priced right to ensure that an offer is received and that the offer price is close to it. Remember that lenders will be losing money, and the lower the offer, the greater lender's loss is going to be. By pricing it right, Buyer should consider offering a full price. |
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Inspection Contingencies (repairs, etc): Unless buyer is writing a full-price offer, do not expect a lot in terms of concession. Although short-sale don't like home inspections, buyer should still do the usual inspections, but any negotiations on insignificant item will only cause a delay due to the approval process involved in a short-sale. The mortgage loan release the lender will give seller will be exact to the penny. Any deviation from this, no matter how small, will result in a delay. Thus, buyer must understand the lender approval process, how it works, and be realistic with the expected result. Said another way, don’t even think of concession unless there I something really wrong with the house! |
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Remember that in short-sale, the seller is no longer in control; it is the lender. Usually, the buyer's agent will be dealing with the seller's agent who is dealing directly with the seller's lender. The seller's role will be to simply sign the paper work and move on. Seller will usually not receive any money out of the transaction. |
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Seller may not be completely out of it. Depending on seller's financial position, the bank could ask seller to pay for some of the loss incurred in the short-sale. Also, you must check with your tax accountant regarding the taxability of the debt that is “forgiven” by the lender. Can you imagine paying the tax on money you never received? |
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| Important links to educate about short sales: |
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This is done with ALL the lender’s approval.What you must realize is that the lender(s) are willing to accept less
than they are owed because they DO NOT WANT TO FORECLOSE ON THE BORROWER.
Do you think a $100,000 2nd mortgage lender wants to pay off a $400,000
or $500,000 first mortgage to foreclose.
Allowing you home to proceed into foreclosure may adversely affect your
credit for up to 7 years. Also remember late payment stand as an event all to themselves. Any delinquency will usually mean “bad credit risk” to most
creditors even if it is paid in full relatively quick On the other hand, with a foreclosure looming, you will have important
concerns regarding putting a workout plan into play , not the least of
which is the loss of your home or at least reducing the liability.
A “deed in lieu of foreclosure" is not a big improvement over
foreclosure. This new guideline applies to sales after December 31, 2007, and
provides relief for widows and widowers by giving them a 2 year window from
the time their spouse has died to sell their home and receive the $500,000 exclusion. Of
course, the same rules apply as before, where the individual(s) need to
have lived in the home as their primary residence for 2 out of the last 5
years.
Do not sign away. Ownership of your property (often referred to as a
“quit-claim deed") to anyone without advice from your lawyer. "We will .pay your first two months' rent or payments in your new
place."
"If you sign the 'house over to us the foreclosure will be recorded
against us, not you."
"We will buy your. House “as-is.' |
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"We guarantee we will find you a buyer in seven (or,14) days." -
I view myself as a problem solver, negotiator, and marketing expert,
then as a real estate sales person.
minating short sales is an essential skill for pre-foreclosure
investing. This kind of investment is not a convoluted get-rich-quick scheme
based on optimized hypothetical markets. |
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