Learn To Short Sale Mortgage Loans
To Prevent Foreclosure

Learning to short sale mortgage loans is a great alternative to foreclosure. You can help a homeowner behind on payments and facing foreclosure and make big profits.

A short payoff sale is when you negotiate a discount on the amount owed to the mortgage company to settle the lien. It can be done for a homeowner who is 90 days or more (sometimes less) late on their payments.

A real estate agent, investor and even homeowner can learn this technique to create equity where there is little or none.

Mortgage companies do not want to own property and they will go to any length to prevent it. They are in the business of lending money and they have no interest in owning, managing or selling property.

If a property goes to sheriff sale and the banks take it back, they will lose money and they know it. Accepting less than what is owed now is will many times net more than what would’ve been made after foreclosing.

As an investor or agent you must first find a motivated home seller who has little or no equity (not very hard these days).

You then contact the bank and request the short sale package requirements from the loss mitigation department.

You must follow the requirements to a tee and submit an offer or 20-35% less or more than what is owed AFTER the package is complete. Not following instructions will hurt you more than you know.

The bank will order a BPO (broker price opinion) to get a fair market value and subsequently evaluate your offer.

You must follow up, follow up and follow up again. Be careful not to be a pest, once or twice a week is sufficient.

Get an acceptance letter and buy a house with large amounts of newly created equity!

Learn how to short sale a mortgage loan and you will create a highly profitable niche in real estate that will always get you into a big equity deal no matter how the market is!

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