INCREASE YOUR LISTINGS WITH SHORT SALES!

SUCCESS in SHORT SALES

BY LONI PARMELLY

Only $19.99
ORDER TODAY!
Also Available at Barnes & Noble and Borders Books!!

Who is eligible for HAFA?
How is the program being implemented?

Supplemental Directive 09-09 (revised March 26, 2010) gives servicers
guidance for carrying out the program. Check www.REALTOR.org/shortsales
for future updates.

A Short Sale Agreement (SSA) will be sent by the servicer to the borrower
after determining the borrower is interested in, and eligible for, a short
sale and the property qualifies. It informs the borrower how the program
works and the conditions that apply.

After the borrower contracts to sell the property, the borrower submits a
Request for Approval of Short Sale (RASS) to the servicer within three
business days for approval. If the borrower already has an executed sales
contract and asks the servicer to approve it before an SSA is executed,
the Alternative RASS is used instead. The servicer must still consider
the borrower for a loan modification.

The borrower must meet the basic eligibility criteria for HAMP:

• Principal residence (including certain vacant properties for borrowers
who recently moved at least 100 miles for employment and meet program requirements)
• First lien originated before 2009
• Mortgage delinquency or default is reasonably foreseeable
• Unpaid principal balance no more than $729,750 (higher limits for two- to four-unit dwellings)
• Borrower’s total monthly payment exceeds 31 percent of gross income

Fannie Mae & Freddie Mac short sales pay up to 6% commission! see this link: 6% Commission!

Don't know if it's a Fannie or Freddie? LOOK IT UP!

HAMP - Find out what the requirements are to qualify your clients! https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf

WHAT'S UP WITH THIS MARKET?
Realtors, now more than ever, need to diversify their real estate experience to provide all the services their clients need. Join realtors nationwide by specializing in short sales and helping families sell their homes before foreclosure.

Get the short sale information you need to build your own niche and boost your listings in a tough market. Order your copy of "Success In Short Sales" today! Learn how to close your listings in 3-6 months. Realtors earn guaranteed commissions, save money for the lenders and give desperate families a chance at a fresh start. Now is the time to get the information you need to capitalize on this dragging market.

Are you up to the challenge? Short Sales are not for the faint of heart. You need to be strong, organized and patient. If you have these attributes - you are the one who needs to know more. Learn how to do the short sale the RIGHT way from Loni Parmelly. She saw the crash coming in 2004 when she wrote Success In Short Sales. After 16 years in loss mitigation for the lenders, it was apparant in 2004 that the market would crash. ARMs, interest only and 100% financing should have thrown up red flags and reflections from the past. You can now learn from her loss mitigation and real estate experience. A dynamic combination which shines through, and make her book and DVD set a MUST for any realtor who is ready to tackle the short sale, increase listings and closings.

Also see the short sale forms! They cover everything you need to get your short sale business up and running. Get the forms you need to analyze your seller's hardship, mortgage payoff, financial statement and many listing appointment enhancements. Best sellers are the Savings Over REO, Financial Statement, Hardship Letter and Seller Questionnaire! Get organized with affordable forms!

Realtors can be a part of the solution! It's important to our economic recovery that we all take part. Saturated markets filled with foreclosures and short sales give Realtors the opportunity to participate and profit. Stay alive in 2010 and thrive with Short Sales!