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At first, we never intended to create a Short Sale product to offer to the mass market. We simply wanted to streamline our own investing business to be more efficient. However, that changed when we continued to witness seminar after seminar where the “expert” speakers sold eye-watering, “phone-book-sized” training manuals to teach you everything you needed to know about short sales. Unknowing beginners would spend tens of thousands of dollars for information that – in our opinion – was junk. Short sales are actually quite simple and we could never understand why the “gurus” made everything seem so COMPLICATED. Perhaps that is their plan - sell you a phone book sized manual that you’ll never read – so you’ll have to purchase a new course to learn what you should have learned in the first place. The Short Sale Calc easily cuts through all the e "Red Tape" and gets right to the point with the lender. Short sales about about the numbers – plain and simple. The bank may sympathize with a distressed homeowner but at the end of the day – it is about the numbers and what they will “net”.
It is very important to point out that in order to make a decision on a Short Sale, lenders and mortgage servicers rely on internal “evaluation software”. They enter in all the data on a given property, including appraisals, repairs, taxes, insurance, holding costs etc. and their evaluation software gives the lender a “range” of what they can expect to “net” on the transaction in a variety of scenarios
e.g. foreclosure sale, REO or short sale liquidation. The Short Sale Calc closely mirrors this very same evaluation program used by the majority of lenders and mortgage servicers around the country. In other words, your offer generated by the Short Sale Calc is VERY CLOSE to the range the internal evaluation program is telling the bank to accept. Why is this important? It is critically important because intelligent offers give you huge credibility. Intelligent offers move to the front of the line to get processed and approved quickly. Because your offer is within the same range of what the bank is willing to accept tells the bank that you know what they know! It tells them you know what you are doing. It also tells the loss mitigation representative that there is probably a very high probability that you will be able to close on the short sale if they approve it – and that is exactly what they want. The biggest PROBLEM loss mitigators face is non-performance. They work to get a short sale approved and then the file doesn’t close. Most of the time it is because the person negotiating the short sale was inexperienced and had no way of performing on the short sale in the first place.
This is important to know because loss mitigation representatives are TRAINED to look for inexperience. If they think for a minute that you will NOT be able to close on the Short Sale – they will NEVER approve it. And what is the biggest sign that you don’t know what you are doing? - Crazy, low-ball offers. When a loss mitigation negotiator receives a crazy, low-ball short sale offer – that usually tells them you are inexperienced and 99% of the time your offer is trashed. Ever know someone who sent in a short sale offer but the bank NEVER calls them back??? This is why. Foreclosures are skyrocketing and banks are far too busy to waste their time with someone who they believe cannot perform.
With the Short Sale Calc – you will not have this problem. The program has been designed to closely mirror the numbers banks are willing to accept which means your offers will move to the front of the line to get processed and approved very quickly. Once you gather all your information and documentation, using the Short Sale Calc – you can create a short sale offer and submit it directly to the bank right from your desktop computer – all in less than 10 minutes. No more struggling through hours and hours of what to write, what to offer, what to say etc. We have taken the guesswork out of it. All you do is fill in the information form and click enter. The process couldn’t be more simple.
If you’re a real estate professional that has been looking for a simple, no-nonsense way to quickly generate & submit offers to the bank, then the Short Sale Calc is the answer to your prayers. Most real estate professionals simply want to make money. They don’t want to spend hours and hours reading through thousands of pages or spend tens of thousands of dollars to sit through eye-watering presentations from some guy in a cheap suit. They simply want to make money. The Short Sale Calc will quickly allow you to create a short sale offer (that will get accepted), submit it to the bank and negotiate it through to closing so you get paid as soon as possible.
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