Does anyone have any good information to offer regarding Short Sales?.. I am trying to get as much education on it as possible to become The Office "Short Sales" Specialist.

I've googled and yahooed every possible combination to get information.  There is a seminar coming to Atlanta to provide beginning to end information. But the seminar cost $1000 and I don't know if its worth the $$$$$$$.

Does anyone have succcess stories in Short Sales?

Thanks,

Valerie

Hi

I;m doing a short sale right now. I have some information.

I can give you this information.

Short sale is a sale to replace foreclosure. it starts when a home owner fails to pay the mortgage Real estate agents place the property in sale in the market and tries to sell the property in the market to help the financing companies avoid foreclosing on the property. It requires some forms to be filled out by the home owners. Each financing company require deferent forms. you can contact the financing companies and ask them which form they like to have filled out. The financing companies  will pay the commission of the Realtors.

Is this information sufficient?

let me know if you have any further question.

sincerely,

Rusheed kd. 

Rush is correct. Every Lender will require diffrent information.   It starts with the listing. You will need to have an authorization form signed by the sellers, giving you permision to recieve and convey information fom seller to Lender etc.  There are some steps to take so that when that short offer comes in you will have already done some of the job, to prove to the lender that that offer is a good offer.  There really is alot to it. Alot of work.  You do have to negotiate even your commisions. The lenders want to reduce it everytime.

It would be benecifial to take a course but not if you have to pay alot. Some title companies offer them for free.  So does some of the Realtor associations for a minimal price.

Let me know if you need more info.