Wednesday, August 19, 2009

Learn to Love Short Sales! - 2 Hour CE Core Course Distance Education (Utah)



Whether you choose to attend one of our live 2 Hour CE Core Course Workshops or Webinars, you will become an expert in listing and selling pre-foreclosures and short sales.

Learn to Love Short Sales!

PLEASE join us for a live CE Distance Education Webinar on September 2nd, 2009

YOU DON'T WANT TO MISS THIS!!!!

Please RSVP now space is limited.

As you already know, home sellers, agents, and investors are having trouble selling their homes because of the significant drop in values. This means that more sellers will face short sale situations than ever before.

The expert who will be presenting our upcoming Workshop operates in many states around the country and is willing to share his secrets onhow to get short sales approved faster and make more money!

In this Webinar you will learn:

* Why short sales make sense

* Understanding the HUD Guidelines

* The new HVCC Rule and HERA Law

* Working with Buyers and Buyers Agents

* Short Sale Addendum's and Multiple Offers

* 11 critical questions you NEED to know

* 10 ways to generate a short sale listing TODAY

* AND MUCH MORE!!!

We realize this probably sounds unrealistic, but we will prove it on September 2nd on our special Webinar.

There is no charge for this Webinar.

However, you must register now!

Location: Utah - Live 2 Hour CE Core Course Distance Education
Date: Wednesday, September 2nd, 2009
Time: 12:00 - 2:00 PM (MDT)


After registering you will receive a confirmation e-mail containing additional information about the Webinar.

Tuesday, August 11, 2009

Deficiency Judgment - Short Sale

In some states the lender can obtain a deficiency judgment against a homeower for any amount they are unable to recuperate through a foreclosure or a short sale. This means that if the mortgage is for $200,000 and the bank forecloses and sells the property at auction for $125,000 they could obtain a deficiency judgment for $75,000.

In most cases this does require and additional legal action and causes the mortgage company to incur additional expenses attempting to collect a debt.

There are 6 Non-Deficiency states in the US. They are as follows:

1. California
2. Minnesota
3. Mississippi
4. Montana
5. North Dakota
6. West Virgina

Mortgage companies are acutely aware of a borrowers inability to pay so they often see further collection attempts fruitless.