Distressed Properties in Arizona - I am Facing Foreclosure

Real Estate Purchase Agreement For Short Sales

Jamar James (Jamar James, PLLC) — Thu, 20 Aug 2009 03:35:56 -0500

REAL ESTATE PURCHASE AND SALE AGREEMENT

(SHORT SALE)

THIS REAL ESTATE PURCHASE AND SALE AGREEMENT (hereinafter referred to as the “Agreement”) is hereby entered into by and between ________________________________________ (“Seller”) and Small Family Homes, LLC, an Arizona limited liability company (“Buyer”) as of the ________ day of _____________________, 2008. Seller and Buyer are referred to throughout this Agreement collectively as the “Parties”.

Recitals

A. Whereas, Seller owns all right, title and interest in the real property and improvements made thereto located at ________________________________________________________________ (“Property”);

B. Whereas, Seller currently resides in and occupies the Property as its primary residence;

C. Whereas, Seller, due to events outside of its control, has fallen behind on its mortgage payments and may be or is in the process of losing the Property to its lender through foreclosure or a trustee sale;

D. Whereas, Buyer is in the business of acquiring residential real estate;

E. Whereas, Buyer desires to purchase the Property from Seller for _________________________________ dollars ($_______________) (“Purchase Price”), through, what is commonly referred to as a “short sale”.

F. Whereas, Buyer intends to sell the Property to a third party upon execution and performance of this Agreement; and

G. Whereas, Seller and Buyer desire to enter into this Agreement to effectuate the sale of the Property.

Agreement

IN CONSIDERATION, of the mutual promises set forth herein and for other good and valuable consideration hereby acknowledged by the Parties, Seller and Buyer agree as follows:

1. Short Sale: Seller acknowledges and understands that this Agreement is for the short sale of the Property and that Seller will likely not receive any money or proceeds from the sale of the Property. Seller has read, acknowledges receipt of and understands the Short Sale Transaction Disclosure attached hereto as Exhibit A and incorporated herein by reference. Seller is advised to consult with independent legal counsel and an accountant prior to executing this Agreement.

By initialing below, Seller acknowledges a complete understanding and approval of the foregoing Paragraph 1.

Seller’s Initials ________ / _______

2. Short Sale Condition Precedent: Buyer acknowledges that Seller owes more for the Property than the Purchase Price and the Property is encumbered by loans, mortgages, or deeds of trust that exceed the Purchase Price. Prior to Close of Escrow, and as a condition precedent thereof, Seller and Seller’s lender(s) shall agree to sell the Property for less than the total loan amount(s), including, without limitation, Seller’s lenders right to collect the loan amount from Buyer, including any and all unpaid principal, interest, fees or costs. Seller and Seller’s lender shall also cause the promissory note, mortgage, or deed of trust to be released from the Property on or before the Close of Escrow. In the event Seller and Seller’s lender are unable to reach a mutually acceptable agreement concerning

Sample Option Purchase Contract Used With Short Sales

Jamar James (Jamar James, PLLC) — Thu, 20 Aug 2009 03:32:50 -0500

I hardly ever use generic documents as an investor and real estate agent I want to be protected from lawsuits and lack of disclosure. It is expensive having lawyers drawing up every document, however it's critical to have documents to protect you. It's not only critical you have documents to protect you, it's all critical you as an agent is aware and informed on what documents and contracts are being utilized by most investors. Here are two pages of an Option Purchase Contract being used by Investors to secure control over short sale properties.

Option Contract for Sale and Purchase

The SELLER and the BUYER (named below) hereby enter into this Option Contract for Sale and Purchase of real estate.

The SELLER, in consideration of the BUYER paying $10.00 or other good and valuable consideration (the “Option Deposit”), gives to the BUYER the exclusive option (the “Option”) to purchase the property described below (the “Property”). In the event that the BUYER exercises this Option, the Option Deposit shall be applied towards the purchase price of the Property. The Option Deposit is non-refundable and will be forfeited in the event that BUYER fails to exercise the Option unless otherwise so stated. The BUYER shall have the right to exercise this Option during a period of time beginning at 9:00 am. on _____________ 200__, and lasting until 5:30 p.m. on ______,200__, (Option Period”).

Subject to the BUYER exercising this Option, the SELLER and the BUYER hereby agree that the SELLER shall sell and the BUYER shall buy the Property described below upon the following terms and conditions. SELLER fully agrees and acknowledges that the above described consideration given by the BUYER constitutes legal, adequate, and valuable consideration for the purposes of this Contract.

1. NOTICE, COMMENCEMENT DATE AND EFFECTIVE DATE: The “Commencement Date” shall be the date that the last of the parties to this Contract signs and executes below, The obligations of the Parties under this Option Contract begin on the Commencement Date. The “Effective Date” is the date that the SELLER receives a Notice of Purchase from the BUYER that the BUYER is exercising its Option under this Contract. The BUYER shall exercise this Option by giving written notice by certified or registered mail to the SELLER at the address indicated above (the letter must be delivered to SELLER by the time and date indicated above) or by hand delivering written notice to the SELLER.

The date that the SELLER receives this notice shall be known as the “Effective Date.” It is understood and agreed that time is of essence as to the payment of the purchase price under this provision.

2. DESCRIPTION OF PARTIES

SELLER: ___________________________ BUYER:____________________________

___________________________________ ___________________________________

ADDRESS: _________________________ ADDRESS: ______________ ___________

___________________________________ ___________________________________

PHONE: ___________________________ PHONE: ____________________________

3. DESCRIPTION OF PROPERTY BEING SOLD:

STREET ADDRESS) CITY/STATE/ZIP: __________________________________________

Parcel#: ______________________________________________________________________

4. PURCHASE PRICE

The Purchase Price is $ _______________ or the total purchase price will be the negotiated balances of all liens, mortgages and closing costs.

SELLER understands that this transaction is a short sale and is contingent upon acceptance of short pay offers that are satisfactory to the buyer as payment in full by all current lienholders and that the SELLER will receive NO funds at closing. The Option period shall be reasonably extended for the purpose of obtaining said satisfactory approval(s).

The parties acknowledge that the purchase price has been initially based on an estimated negotiated debt at closing. During negotiations, there may be several different preliminary contracts with different estimated purchase prices submitted by Buyer to the lender(s) until a final discounted figure is accepted.

Accordingly, Seller agrees to authorize Buyer to prepare various negotiating offers with various prices without obtaining Seller’s signature or approval of each and every negotiating offer.

5. FINANCING AND INSPECTION PERIOD: The Property is being sold “As Is” with regard to the physical condition of the Property and any improvements. Seller is giving no warranties to the BUYER as to the physical condition of the real property or any improvements. BUYER shall have ____ days (the “Financing and Inspection Period”) following the Effective Date to inspect and evaluate the Property. SELLER shall grant to the BUYER reasonable access to the Property for purposes of inspection and evaluation (such as environmental testing, home inspection, and BPO or appraisals, etc.). If prior to the end of the Financing and Inspection Period, BUYER gives notice to SELLER that BUYER elects to cancel this Contract (the “Cancellation Notice”), this Contract shall terminate. If BUYER does not deliver the Cancellation Notice the Contract shall continue.

______ This transaction is contingent upon buyer obtaining acceptable financing;

______ This is a cash transaction.

6. REPRESENTATIONS AND WARRANTIES: To induce the BUYER to enter into this Agreement, the SELLER makes the following representations, warranties, and covenants.

A. The property is being sold “As Is” with regard to the physical condition of any

improvements. Seller is giving no warranties to the BUYER.

I reference about 400 documents, I guess I am a document collector!

Short Sale Fraud Alert - Realtors Be Aware

Jamar James (Jamar James, PLLC) — Thu, 12 Mar 2009 16:12:00 -0500

Realtors who do short sales, please be aware of your New Short Sale Approval Letter.

We have just been alerted to the fact that Countrywide has a new form of short sale approval letter, in which it now attempts to retain the right to invalidate a transaction for events which may have occurred at the loan’s inception or in our transaction. This condition was found in paragraph 16 and read as follows:

“If the property was acquired by any means of fraud, [lender’s name] reserves the right to pursue any and all actions available to it to pursue any and all actions available to it to offset its losses. If it is determined that Sellers and/or Buyers participated in any way to the fraud, this short sale will be void, and the Note and Security Instrument will remain in full force and effect.”

Title insurance cannot be issued to either the buyer or the buyer’s lender free and clear of the loan if the lender can assert after close of escrow that money is still due. There is no workaround to this provision.

If you receive a short sale approval letter with this condition, advise the Lender that the condition must be removed, in writing, or we cannot close. If one lender has started inserting this into their short sale approval letter be assured additional lenders will follow suit.

Alert - First American REO Servicer

Jamar James (Jamar James, PLLC) — Fri, 06 Mar 2009 13:45:33 -0600

Litton Loan, Foreclosure Sale Alert.

Just wanted to alert everyone that there is a company called First American REO Servicing that claimed and sent notice to the homeowner that they are currently evicting a client (sent a eviction notice). I just so happened to receive an approval on this short sale and it doesn’t have a foreclosure sale date until 5/19. I have confirmed and reconfirmed this about 5 times with the lender Litton Loan, the attorney’s for Litton Loan which is Quality Loans and they have told us to ignore any notices from First American REO Servicing as they have nothing to do with Litton Loan. If your homeowner brings in eviction notices, double check with your lenders and attorneys as this becomes a complete scare to the homeowner.

Another tip from a loan modification and short sale expert!

Business Owners Bailout - Employers Pain

Jamar James (Jamar James, PLLC) — Fri, 06 Mar 2009 11:39:37 -0600

This is an actual letter from a small business written to his employees. I am sure many of us who own real estate companies, mortgage companies and have put in many hours, can relate. One of the best letters I have ever seen, I sent out to all of my employees.

To All My Valued Employees,

There have been some rumblings around the office about the future of this company, and more specifically, your job. As you know, the Economy has changed for the worse and presents many challenges. However, the good news is this: The economy doesn't pose a threat to your job. What does threaten your job however, is the changing Political landscape in this country.

However, let me tell you some little tidbits of fact which might help you decide what is in your best interest.

First, while it is easy to spew rhetoric that casts employers against employees, you have to understand that for every business owner there is a back story. This back story is often neglected and overshadowed by what you see and hear. Sure, you see me park my Mercedes outside. You've seen my big home at last year's Christmas party. I'm sure; all these flashy icons of luxury conjure up some idealized thoughts about my life.

However, what you don't see is the back story.

I started this company 28 years ago. At that time, I lived in a 300 square foot studio apartment for 3 years. My entire apartment was converted into an office so I could put forth 100% effort into building a company, which by the way, would eventually employ you.

My diet consisted of Ramen Pride noodles because every dollar I spent went back into this company. I drove a rusty Toyota Corolla with a defective transmission. I didn't have time to date. Often times, I stayed home on weekends, while my friends went out drinking and partying. In fact, I was married to my business -- hard work, discipline, and sacrifice.

Meanwhile, my friends got jobs they worked 40 hours a week and made a modest $50K a year and spent every dime they earned. They drove flashy cars and lived in expensive homes and wore fancy designer clothes. Instead of hitting the Nordstrom's for the latest hot fashion item, I was trolling through the Goodwill store extracting any clothing item that didn't look like it was birthed in the 70's.

My friends refinanced their mortgages and lived a life of luxury. I, however, did not. I put my time, my money, and my life into a business with a vision that eventually, some day, I too, will be able to afford these luxuries my friends supposedly had. So, while you physically arrive at the office at 9 am, mentally check in at about noon, and then leave at 5 pm, I don't.

There is no "off" button for me. When you leave the office, you are done and you have a weekend all to yourself. I unfortunately do not have the freedom. I eat, and breathe this company every minute of the day. There is no rest. There is no weekend. There is no happy hour. Every day this business is attached to my hip like a 1 year old special-needs child. You, of course, only see the fruits of that garden -- the nice house, the Mercedes, the vacations... You never realize the back story and the sacrifices I've made.

Now, the economy is falling apart and I, the guy that made all the right decisions and saved his money, have to bail-out all the people who didn't. The people that overspent their paychecks suddenly feel entitled to the same luxuries that I earned and sacrificed a decade of my life for.

Yes, business ownership has its benefits but the price I've paid is steep and not without wounds.

Unfortunately, the cost of running this business, and employing you, is starting to eclipse the threshold of marginal benefit and let me tell you why:

I am being taxed to death and the government thinks I don't pay enough. I have state taxes. Federal taxes. Property taxes. Sales and use taxes. Payroll taxes. Workers compensation taxes. Unemployment taxes. Taxes on taxes. I have to hire a tax man to manage all these taxes and then guess what? I have to pay taxes for employing him. Government mandates and regulations and all the accounting that goes with it, now occupy most of my time. On Oct 15th, I wrote a check to the US Treasury for $288,000 for quarterly taxes. You know what my "stimulus" check was? Zero. Nada. Zilch. The question I have is this: Who is stimulating the economy? Me, the guy who has provided 14 people good paying jobs and serves over 2,200,000 people per year with a flourishing business? Or, the single mother sitting at home pregnant with her fourth child waiting for her next welfare check? Obviously, government feels the latter is the economic stimulus of this country.

The fact is, if I deducted (Read: Stole) 50% of your paycheck you'd quit and you wouldn't work here. I mean, why should you? That's nuts. Who wants to get rewarded only 50% of their hard work? Well, I agree which is why your job is in jeopardy.

Here is what many of you don't understand ... to stimulate the economy you need to stimulate what runs the economy. Had suddenly government mandated to me that I didn't need to pay taxes, guess what? Instead of depositing that $288,000 into the Washington black-hole, I would have spent it, hired more employees, and generated substantial economic growth. My employees would have enjoyed the wealth of that tax cut in the form of promotions and better salaries. But you can forget it now.

When you have a comatose man on the verge of death, you don't defibrillate and shock his thumb thinking that will bring him back to life, do you? Or, do you defibrillate his heart? Business is at the heart of America and always has been. To restart it, you must stimulate it, not kill it. Suddenly, the power brokers in Washington believe the poor of America are the essential drivers of the American economic engine. Nothing could be further from the truth and this is the type of change you can keep.

So where am I going with all this? It's quite simple. If any new taxes are levied on me, my company, my reaction will be swift and simple. I fire you. I fire your co-workers. You can then plead with the government to pay for your mortgage, your SUV, and your child's future. Frankly, it isn't my problem anymore.

Then, I will close this company down, move to another country, and retire. You see, I'm done. I'm done with a country that penalizes the productive and gives to the unproductive. My motivation to work and to provide jobs will be destroyed, and with it, will be my citizenship.

If you lose your job, it won't be at the hands of the economy; it will be at the hands of a political hurricane that swept through this country, steam rolled the constitution, and will have changed its landscape forever. If that happens, you can find me sitting on a beach, retired, and with no employees to worry about...

Signed,

Your boss

Chase Loan Modification Tip - Affordability Loan Modification Program -

Jamar James (Jamar James, PLLC) — Fri, 06 Mar 2009 10:44:27 -0600

I just hung up with Chase (subprime), and due to the new Affordability Loan Modification Program just released, Chase has placed a hold on all loan modification requests. This hold can be as long as next week. The reason for this is, they are updating their policy procedures because they are still uncertain of what documentation the government/investors will require from the homeowner in order for them to be considered for this program. The documentation may consist of more, or less, but until they are certain all requests are on hold. Chase is also going paperless and has a new fax number to fax in your documents. This fax number is 888-219-7813.

WARNING- be very careful when submitting your packages over to Chase. As some of you have already experienced, if Chase does not have a complete, up-to-date package, your file will be declined and kick out with no call to you, the negotiator. I am told, that they have too many requests in, and it is too much to call for updating documentation, so be prepared.

Scams - Foreclosure-Rentals.net Beware Renters

Jamar James (Jamar James, PLLC) — Sun, 22 Feb 2009 03:33:52 -0600

The Foreclosure Business has always been business, and yes I know this is America, but where is the ethics. I work with distressed homeowners, and have recently begin placing those homeowners in rentals once the homeowner short sale there property or unfortunately loose there property to foreclosure. I think it's important for those that are realtors to make the public aware of the foreclosure, loan modification and short sale scams out there. There are particular scams effecting renters. There are a few that I am going to list that actually effects the homeowner.

These are all scams that have not made it to the forefront yet. Not common knowledge. I am also creating a website foreclosure-rentals.com and foreclosure-rentals.net just to help homeowners and renters find properties to rent.

Room For Rent Scam

Person rents a home from unsuspecting homeowner while property is in foreclosure. While property is in foreclosure, person places rooms for rent on craigslist or in paper and rents out each room for 500 to 700 a piece while paying the homeowner 5 to 6 hundred a month for the property. The person then puts a renter in charge and collects the rent.

Cash for Keys - Lender Scam

Person finds homeowner two or three weeks away from foreclosure, offers to pay homeowner 100 or 200 bucks to enter in 12 month lease, homeowner signs lease even though he knows the property is going to auction soon, the individual then waits with lease in hand until property forecloses and realtor approaches the property, individual pops up and informs the REO realtor that he has a 12 month lease and attends on occupying property. The bank then gives the "renter" cash for the keys and release the lease.

There are a variety of scams going around with renters and homeowners in foreclosure. I will be posting more on foreclosure-rentals.com

If you know of any more scams going on, please feel free to post them in the comment section. We need to have these out in the opens so people have the information.

I Bet You Can't Call Me On Your Cell Phone! 1-800 Sell Now - Things Have Changed

Jamar James (Jamar James, PLLC) — Sun, 22 Feb 2009 00:38:31 -0600

Recently I purchased a vanity number 1-800-Sell-Now.

Vanity numbers in the past worked really well! In my opinion things have changed! No I am not talking about Obama Bailout Plan, or having A Black President, I am talking about using Vanity Numbers for marketing!

Real Estate In Phoenix, has always been very competitive, i mean the realtors, investors, lenders are all great at marketing. I thought I was very smart. Well these smart phones isn't that smart anymore. I will explain why very soon, well call me if you can and we can talk about it.

In the past I could post bandit signs out, do radio ads, TV ads and i would receive thousands of calls, I mean 1-800-Sell-Now is a very marketable number. Can anyone tell me why I stated that things have changed?

Those dayum PDA phones, you can't figure out what numbers are what! :) If you have a BlackBerry Smart Phone, please look at your phone and let me know if you can dial 1-800-Sell-Now?

Now I spent money on radio ads and bandit signs, plaster 1-800-Sell-Now around town, I found out people wanted to call, but they couldn't figure out the number, go figure. I guess I was dumber then my smart phone, and realized people passing by bandit signs can't figure out my number even with there Smart Phone!

Things have changed!

Life use to be so simple!

(this blog was for entertainment purposes, but you can still call me 24 hours a day.) 1 800-Sell-Now

Loan Modification Processing Company

Jamar James (Jamar James, PLLC) — Sun, 22 Feb 2009 00:21:10 -0600

A Company That Process Loan Modifications

No more stress, finally a true Loan Modification Processing Company can get your customers great loan modifications, as we work with all lenders. We do not only handle your loan modifications, we also can provide your clients unmatched customer service. We can help eliminate frustrating calls from customers requesting daily updates on the status of their loan modification.

Stop worrying; it is TOTALLY possible to outsource your Loan Modifications to a reputable company with thousands of approvals, resulting in satisfied customers. Our track record is unmatched; we guarantee you will gain more referrals letting our Company process all of your Loan Modifications.

Don’t make the mistake and call us, when you are already bombarded with too many incoming files. Many customers choose to use us as there company is growing. If you have been in the loan modification business long, you realize finding good negotiators is hard to fine. Hiring people off the street is just going to bring you future problems.

Why establish a Human Resource department which is constantly hire new negotiators to take care of all the incoming files. If you haven’t hired a human resource department yet, you are still growing, word to the wise, once you have hired a Human Resource department you have let the loan modification get out of control. If you don’t have a Human Resource department, you will soon need one, as a growing loan modification company. Cut your cost, by outsourcing your files to Arizona Short Sale Office.

A common problem in the Loan Modification Business is the inability to keep up with the pace of acquiring new customers, and not enough “experience” negotiators available to keep up with the amount of business. There is an increase of competition in the Loan Modification Business, and newer companies are getting shut down faster, as the Attorney General’s are looking to investigate and shut down companies who are not able to prove or document the actions that they have taken to assist EVERY customer.

Please be careful, It only takes one customer to bring your loan modification company to a stretching halt! One complaint to the Department of Real Estate or Attorney General may result in a company shut down. Avoid complaints and outsource your loan modification processing to a company that has a proven process able to accommodate all of your loan modifications. Never lose track of another auction date again, avoid angry customers calling in requesting a full refund, better yet, threatening to sue because you weren’t able to help them.

We provide customer service to your existing customers, eliminating the constant stream of calls to your office. We also provide 24 hour access online to each and every customer. In the loan modification business, avoid the he-said-she-said problem that often occurs between client and employee. We track and record every customer call. Eliminate the risk of refunds. Do you know if your employees are fighting for each and every one of your customers? We get each and every one of your customers the best deal possible. We also answer every one of your customer’s calls; we have the loan modification processing down pat.

Eliminate the inability to get anything done due to the high maintenance customers who call every hour on the hour. If you put out fires on a daily basis, our Loan Modification Processing will eliminate that aspect of your business. Are your negotiators spending half there day searching the internet while on hold? Get the peace of mind knowing that negotiators are working on your files 10 to 12 hours a day, that’s all we do. We have gotten over a thousand approvals in the last 12 months; we are high volume processing office. Separate your company, thousands of Loan Modification Companies are popping up, and thousands are being investigated due to inability to satisfy 100% of their customers. We realize what’s going on in the market place and have full time staff in place to accommodate the processing of loan modifications.

Its easy for you stand out above the rest and become one of the most respected and referred loan modification services. Loan modification results will be the de factor aspect of your business separating you from the competition, we can help you! We guarantee once you start sending files to Arizona Short Sale Office for processing you will get more customer referrals then you have ever had. We have the track record, but most importantly we successfully negotiate loan modifications for our company and yours! Our process is remarkable.

Track your customers online with our online tracking system. We have successfully negotiate thousands of approvals, our process is revolutionary and will eliminate any of your customers being lost in the shuffle. Save money and get results faster with Arizona Short Sale Office, Loan Modification Processing center.

For volume processing please email or call for discount processing.

A minimum of ten files to get started.

Please email for details. Don’t wait contact us now!

Managing Partner
www.ArizonaShortSaleOffice.com
marc@arizonashortsaleoffice.com
Office 602-710-2480
fax 888-403-7798

Jamar James Sales Foreclosure Homes In Phoenix Arizona

Jamar James (Jamar James, PLLC) — Sun, 18 Jan 2009 21:12:40 -0600

My name is Jamar James a realtor who specializes in working with homeowners in foreclosure. With the amount of foreclosures in Arizona, I have a confession. Some realtors can't afford to help the homeowners avoid foreclosures. I have been hired by many homeowners to list their homes and conduct short sales on their behalf. What I have noticed is, I UNFORTUNATELY, was NOT there first choice! I have not been the first realtors in many of those instances, and it's unfortunate!

They had hired other realtors that could not sell their home, not to discredit the home, or the realtor, however, the realtors weren't able to (1) service the home for proper marketing, (2) place a lock box on the property, and (3) market the property in the newspaper or any other "paid" advertisings.

The economy is hurting the realtors ability to do there job. More then ever the 20% of the realtors are selling 80% of the properties just because they have the financial resources and they are able to do "regular realtor" activities.

I have worked with Homeowners in Foreclosure For Five Years now and there is two things a realtor must do, one is communicate honestly, the second is place the homeowner needs first. I call this Jamar James foreclosure marketing tips.

Homeowners must understand if a realtor has 40 listings, he must be able to afford 40 lockboxes, signs, and marketing for those homes. Nowadays there are realtors with 100 listings with no pictures on MLS, no signs, and no way to communicate to the world that they have listings. If your working short sales, (more then 20 short sales) you must have a staff. I personally have a staff of 12 to negotiate and market my properties. This is a service to the homeowners.

Realtors must become more selective and remember to provide the service to the homeowner. We can't take a chance with homeowner's pre-foreclosure homes. We must do our duty as realtors and think of the homeowner first.

Real Estate Mentoring - Real Life Mentoring In Phoenix Arizona

Jamar James (Jamar James, PLLC) — Sun, 18 Jan 2009 20:43:04 -0600

Realtors, Mortgage Professional, Active Rain Members 2009 is the time to open your eyes. The market is not bad, opportunities are everywhere. With the help of mentors I have been able to double my income even in a bad market.

New agents, do not under estimate the wealth of information available from those that are offering mentoring. If someone were to ask me what was the biggest and most effective thing I have done in my real estate career, I would SHOUT, without a doubt, it was hiring a real estate mentor. Actually he was an investor who happened to have a real estate license, and the second biggest impact on my career was a marketing mentor.

Really if you want to become a success in ANY business, I would recommend just hanging around others who are successful. You can learn from BAD Mentors and GOOD Mentors just alike! Well from a Bad mentor you can learn what not to do, from a Good Mentor you can see what is being done well and take it and make it yours.

You can gain valuable resources without the trial error affect and add income faster, and go further in your career. In my opinion, Real estate mentoring has become extremely underappreciated over the years, and more emphasis has been placed on credentials and attending the latest classes, there is nothing negative about attending classes and getting as much information available, however sometimes that doesn't automatically produce income for individuals. When I have received mentoring, it has increased my income almost immediately, if I followed the plan laid out for me.

When a mentor offers suggestions, I think they take pride in helping you! They want to see you succeed! I have offered mentoring for new agents and pride myself on making those agents successful fast. If you are a successful realtor, you should consider establishing a board of advisors, there's always plenty of successful people around that could give you valuable input.

If you want to become success, don't discredit the laws of influence. If you have to pay for a mentor, it's well worth it!

Loan Modification Business Oppurtunity - Short Sale Mentoring - Real Life Mentoring

Jamar James (Jamar James, PLLC) — Sun, 18 Jan 2009 20:16:50 -0600

LOAN MODIFICATION BUSINESS IS IN HIGH DEMAND!

LOAN MODIFICATION BUSINESS MENTORING – BIZ OPPURTUNITY!

Millions Are Facing Foreclosures And You Can Help! Learn How To Negotiate With Your Lender And Make Money. Foreclosures and mortgage delinquencies are at an all time high and the numbers are in the millions. U.S. homeowners are losing their homes at record rates with no end in sight. The experts predict this is only the tip of the iceberg - in the next few years this epidemic will increase five-to-tenfold.

It's unfortunate, but the Foreclosures surge upward! Pre-foreclosures will hit record highs in 2009 both nationally and especially in Four States; California, Nevada, Florida and Arizona are leading the United States in Foreclosures.

The U.S. Southwest and Southeast regions have been hardest hit. It is figured 8 out of 10 homes in Arizona or in some stage of Pre-foreclosure Compared with the National rate being 1 out of 10 homes are in some stage of Pre-Foreclosure.

With The Amount of Foreclosures to Come, Arizona Short Sale Office and The National Short Sale Office, have begun offering the first Loan Modification Coaching Class actually held Onsite. A new real estate mentoring and coaching program has also been developed to help real estate, mortgage, and industry insiders come up with a standard way to approach the Loan Modification Business.

"Loan Modifications aren't as difficult as people think" says owner of Arizona Short Sale Office. This program is not classroom mentoring sessions; this loan modification mentoring program is an explosive business opportunity in the booming realty market.

This program is designed to teach you the Secrets of Successful Loan Modification techniques. YOU WILL MAKE MONEY IN YOUR FIRST 30 DAYS, NO QUESTIONS! At Arizona Short Sale Office, our primary mission is to help homeowners avoid foreclosure and financially get back on track. This program is for those looking to create wealth through real estate. We will give you all the tools you needed.

Help Your Family and Friends By Working Loan Modifications For Them!

Obtain the Correct Documents to Use

Find Out How to Negotiate With Lenders, the "Right Way"

Sit In On Real Life Scenarios – Learn From Our Top Negotiators

See What Marketing Really Works

Own The Rights To Documents We Use On A Daily

Explosive and Unique Opportunity To Master Short Sales and Loan Modifications

For More Information

Call 602-648-5357

If you would like to receive more information please email management@arizonashortsaleoffice.com

Loan Modification Business Oppurtunity - Short Sale Mentoring - Real Life Mentoring

Jamar James (Jamar James, PLLC) — Sun, 18 Jan 2009 20:14:27 -0600

LOAN MODIFICATION BUSINESS IS IN HIGH DEMAND!

LOAN MODIFICATION BUSINESS MENTORING - BIZ OPPURTUNITY!

Help Your Family and Friends By Working Loan Modifications For Them!

Obtain the Correct Documents to Use

Find Out How to Negotiate With Lenders, the "Right Way"

Sit In On Real Life Scenarios - Learn From Our Top Negotiators

See What Marketing Really Works

Own The Rights To Documents We Use On A Daily

Explosive and Unique Opportunity To Master Short Sales and Loan Modifications

For More Information

Call 602-648-5357

If you would like to receive more information please email management@arizonashortsaleoffice.com

Foreclosure Laughs - Home Owners Try Everything Imaginable to Get Out of Foreclosure - Lenders, Neighbors and Police Beware of Homeowners Willing to Try Anything To Avoid Foreclosure.

Jamar James (Jamar James, PLLC) — Wed, 02 Apr 2008 01:20:07 -0500

Home Owners Try Everything Imaginable to Get Out of Foreclosure - Lenders, Neighbors and Police Beware of Homeowners Willing to Try Anything To Avoid Foreclosure.

Top Ten Ways To Avoid Foreclosure. (For entertainment purposes only)

(Ideals contributed by www.lostinforeclosure.com homeowners loosing there homes)
(For Entertainment Purposes it Gets Better As You Read)

Homeowner 1: Avoid Paying Your Mortgage Payments, Get Insurance, and Home Mysteriously Burns Down. (avoid jail if you can)

Homeowner 2: I Am Going To Make My Mortgage Payments If It Kills My Wife! Man try's to pay house payments, by accidentally killing his wife for life insurance money! (Johnny Cochran is no longer around)

Homeowner 3: Family meeting is called and it's decided that the family should get insurance on BOTH pets "Melody and Waldo," and suddenly dog's simultaneously accidentally eats rat poison. (yeah right, ask katrina victims about insurance claims)

Homeowner 4: Family buys all new furniture, places the furniture in storage, and goes on vacation and returns home to find that they have been burglarized for all of their new furniture and sues Alarm Protection Company for the reinstatement amount owed on the house. (?? Do Alarm Companies Even Insure There Services?)

Homeowner 5; Homeowners stops auction by placing lawsuit against the collection department for cruel and unfair collection procedures when banks attempts to recover 12 months of missed payments. (How dare the lenders try to collect after 12 months)

Homeowner 6: Homeowner states home in foreclosure is haunted and files counter claim stating that his payments will be made once the lender evicts the spirits that live in the house. (I was sold a home with tenants in place too, this one might work?)

Homeowner 7: Homeowner get's mental disability insurance, and state that the collectors are driving him crazy. (Especially when they are calling from India - Yeap Thats Country Wide)

Homeowner 8: Homeowners flies to lender's corporate headquarters and set's up a tent and begin camping outside protesting "When You Foreclose On My House, I Will Bringing My Home To Your Office." A newsworthy story sure to get you noticed. (Well I Heard Google Recommends Bringing A Tent)

Homeowner 9: Homeowner states, If you're behind on payments a notice of trustee sale must be posted on the subject property, change your address with your neighbor's permission. Foreclosure Notice on the Wrong House, Means They Can't Foreclose on the Wrong House. (Bill Clinton Trained?)

Homeowner 10: Posts ads on craigslist, house is in foreclosure and invites every contractor to a home shopping spree. Homeowner Sales the frame of the home, windows frame, ceiling fans, appliances, door frames, doors, electrical, and all plumbing's, then sends lender photos of the home stating that the home is in terrible condition and they shouldn't foreclose. (John McCain Economic Plan)

Crazy Ideals to Help You During the Foreclosure Process!

Created by crazy homeowners losing their homes.

Dont try any of these solutions to avoid foreclosure or you may end up in jail!

Real Estate Foreclosure Help - Critic Your Online Help

Jamar James (Jamar James, PLLC) — Mon, 31 Mar 2008 18:26:04 -0500

There are many websites out there for Foreclosure Help. There are many websites posing as Foreclosure Prevention, and Foreclosure Solutions. www.Real-Estate-Foreclosure-Help.com & ArizonaShortSaleOffice.com or companies that I work with.

If your looking for help online and your facing foreclosure you as a consumer should ask general questions to protect yourself against Foreclosure Fraud.

Individuals and Companies offering foreclosure help should have the following basics.

Corporation Filings on Hand.

Should never ask you to sign over your deed to the property.

Should always receive agreements in writing.

Should have an office and hours of operation should be clearly available.

Should not offer to meet you at your house.

A Notary Shouldn't Be Present on Your First Visit.

The company or individual should be able to send you marketing materials before meeting with you.

A few foreclosure tips for homeowners in foreclosure.

Hardship Submission To Your Lender - What You Need To Know Foreclosure?

Jamar James (Jamar James, PLLC) — Sat, 29 Mar 2008 15:17:28 -0500

( Post Courtesy of Arizona Short Sale Office, LLC Phoenix Foreclosure Company. )

Hardship Letter Submission

The reality is lender's really don't care what the person's situation is, they simply want their money. The best option, regardless, is to have the Arizona Short Sale Office contact the lender by phone and explain the situation so as to learn what the lender's policy is in such matters. A letter will likely get a response of "call this number" or something similar if indeed there is a response at all.

If the party chooses to make the initial contact by mail the best option is to keep it brief and to the point. Explain why it is not possible to comply with the original terms of the agreement, and request modification of the obligatory terms until one's financial situation improves.

Arizona Short Sale Office MAKES the hardship letter process easy, the hardship letter only works with collection agencies in the event of accepting a small partial payment arrangement or to get a lower settlement percentage that the original creditor allows your letter to be sent to the collection agency and convince the original creditor to cut you some slack. The basics of the letter is anything out of the ordinary that would be causing you financial distress.

Good examples: you lost your employment and you are in danger of losing your home, any medical complications that would prevent you from maintaining employment ,drastic decrease in salary, fixed income ,and single parent w/out child support. If you are a disaster victim the original creditor will already try to cut you a deal and you will be notified.

Bad examples: you are a student, you are overextended ,divorce, legal issues, and threatening to file bankruptcy. Remember that hardship letters do not resolve your debts.

Basic Hardship Letter Breakdown

1. your hardship.

2. your offer to resolve your debt.

3. thanking them for their time.

4. your current contact information.

You must always remember to send your Hardship Letter to the lender in the most effective ways. Your letter will be sent by either fax or mail preferably by certified to individuals within the bank.

Home Owner's In Foreclosure Be Aware - You Have Been Warned!

Jamar James (Jamar James, PLLC) — Tue, 11 Mar 2008 02:45:44 -0500

Homeowners facing foreclosure? Who can you trust? If your behind on payments, who should you turn to? There are plenty of choices, realtors, non-profits, loan officers, family and friends, the bank, 3rd party companies, or investors? The logical choice would be? NONE OF THE ABOVE.. In General.

If your facing foreclosure, none of the above would be the appropiate answer in my opinion. The appropiate choice should be an "EXPERIENCED PROFESSIONAL WHO HAS EXPERIENCE AND REFERRENCES ON DEALING WITH A SITUATION SIMILIAR OR THE SAME AS YOURS." I know for some, this is not the answer you were expecting. Truth be told, just because a person is a realtor, loan officer, family, freind, 3rd party company or investor, do not mean they are the most qualified person to help you. Yes they may be willing to help you, however ask your self what makes them qualified?

Ask yourself, in the last three years, what makes the individual you have choosen to assist you with your foreclosure qualified to help you?

Its been my experience, that some of the non-profits, realtors, investors, loan officers, lenders and 3rd party companies have not done right by homeowners. I know some of the above has had good intentions, however some have not been qualified or trained to work with the homeowner and has continued to help the homeowner with damaging results. Most of these individuals have had good intentions, however they have done the homeowner a dis-service by not stepping a way and directing them to a more experienced individual.

I have found some individuals would not refer homeowners out to the experienced professionals, due to there interest in there "client." Or some individuals simply state, I don't think my client should be charged for something they can do themselves and I am going to take good care of my freind.
(What makes them qualified, beside freindship?)

I do have a problem as a professional, I recognize the importance of having a professional experienced working for the homeowner, rather it's a non-profit, realtor, or 3rd party company, if your facing foreclosure make sure you have a Qualified Professional Representing You.

Free foreclosure service for the homeowner doesn't neccessarily mean it is better, and just because someone charges doesn't mean that they are qualified, please, if your a homeowner facing foreclosure, please ask the professional what makes them qualified to help you, and interview atleast three candidates.

If your in Arizona and your in Foreclosure, you can call the Home Owner Ship Preservation Foundation at 888-995-Hope a Non-Profit Organization,

You can also look for a realtor by searching for Foreclosure Specialist in Arizona, what you want to do is speak with and interview more then one when looking for options to avoid foreclosure, or stop your auction. Don't be embarrased when in foreclosure, you can't afford NOT TO GET HELP..

Short Sale Service - Making Them Work, Getting Short Sales

Jamar James (Jamar James, PLLC) — Wed, 05 Mar 2008 00:25:24 -0600

Realtors today must have a speciality? I have specialized in preforeclosures and short sales for the last four years. It's very important to have a niche market and making it work for you. I am really good at negotiating short sales, so I have begun marketing to realtors who have listings that are short sales. I market to other realtors and share there listings for 50% of the selling comission, in return I do all the work and negotiating the short sale for the client. I get the short sale approved and the listing agent stays on as the listing side realtor who then pays me a 50% referral fee. If you are good at short sales, you may want to partner with other realtors who do not have the time or experience to get approved short sales. This is one way realtors can increase there business, there are plenty of realtors looking for experts to help them out. If you are a realtor with plenty of short sale listings this is a great way to get more clients by simply spending time and effort in negotiating the short sale.

SAMPLE QWR - Qualified Written Request - Stop Your Foreclosure If You Have Been A Victim of Predatory Lending

Jamar James (Jamar James, PLLC) — Tue, 26 Feb 2008 00:31:17 -0600

I am attaching a Sample of A QWR. As a foreclosure specialist specializing in stopping foreclosure for my clients, I wanted to provide realtors with a sample of a QWR.

Subject: Loan number xx
My Name & address

To Whom It May Concern:

This is a "Qualified Written Request" under Section 6 of the Real Estate Settlement Procedures Act (RESPA).

I am writing to request:

(1) Copies of all documents pertaining to the origination of my mortgage including my loan application, Right to Cancel, Deed of Trust, note, adjustable rate note, addendum to the note for the interest only payment period, Truth in Lending statements, Good Faith Estimate (GFE), HUD 1, appraisal, and all required disclosures and rate sheets associated with this transaction for the above referenced loan. The copies should be legible and all documents shall be copied in their entirety.

(2) A copy of the life of loan history including all payments made, all fees incurred, what has been paid out of the escrow account, and how all payments were applied. This information should cover the entire life of the loan.

I have reason to believe that the loan terms were misrepresented to me at the time of application and further obscured and/or modified prior to signing. I believe that my income was inflated on the application, and that the property appraisal was similarly falsely inflated. I also have reason to believe that certain statements were not provided for my approval prior to closing, and that signatures may have been forged on various documents. Additionally, I believe that a notary was not present to witness my signatures on several pertinent documents.

I started the process of trying to renegotiate this loan in XXXXXXXXXXX when I spoke with XXXXXXXXXX in your Loss Mitigation department. I faxed a letter of hardship, along with bank statements and pay stubs as well as a hardship letter as he recommended. After many follow ups on my part, XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX those were his words exactly! His reason was never really quite clear!

The customer service provided to me has been less than adequate let alone just plain rude.

Let this letter serve to document my request to have my communications responded to in a timely manner.

I can be reached at (my phone number) whenever a customer service representative wishes to contact me. My email address is blahblahblah , and is the best way to contact me.

I understand that under Section 6 of RESPA you are required to acknowledge my request within 20 business days and must try to resolve the issue within 60 business days.

Sincerely,

My signature

Consumer Loan Protection - Violations of Respa - Foreclosure Assistance

Jamar James (Jamar James, PLLC) — Tue, 26 Feb 2008 00:27:06 -0600

Stop Foreclosure Due To Mortgage Violaton. There are plenty of ways to stop foreclosure for clients, one is by requesting a QWR "Qualified Written Request" based on Section 6 of Respa.

Section 6
Section 6 of RESPA provides borrowers with consumer protections relating to the servicing of their loans. If a borrower sends a "qualified written request" to his loan servicer concerning the servicing of the loan, the servicer must provide a written acknowledgment within 20 business days of receipt of the request. Not later than 60 business days after receiving the request, the servicer must make any appropriate corrections to the borrower's account, and must provide a written clarification regarding any dispute. During this 60-day period, the servicer may not provide information to a consumer reporting agency concerning any overdue payment related to such period or qualified written request.

Section 6 of RESPA also provides for damages and costs for individuals or classes of individuals in circumstances where servicers are shown to have violated the requirement of that Section.

If your client is in foreclosure and has been a victim of predatory lending the first steps you should take is submitting a Qualified Written Request to The Lender on Behalf of your client.

Sample Short Sale Listing Agreement For Realtors

Jamar James (Jamar James, PLLC) — Tue, 26 Feb 2008 00:19:56 -0600

If your a realtor looking to market and sale short sales on your multiple listing service, here is a sample of the short sale addendum that i have potential buyers sign off on..

This is an addendum originated by the Seller.

This is an Addendum to the Contract dated _______________ between the following parties:

Seller/Landlord: ___________________________________________

Buyer/Tenant: ____________________________________________

Premises: _______________________________________________

The following additional terms and conditions are hereby included as a part of the Contract described above:

This Contract is Subject To Bank Approval:

•1. Escrow to be opened with deposit within 24 hours. Upon offer acceptance with .________________________________

•2. Earnest Money must be at least 1% of the sales price. ____________________________________________________

•3. All earnest deposits are non-refundable after the 10 day inspection period unless breach of contract by seller.________

•4. Seller does not accept any "and/or nominee" offers.

•5. Buyer is aware that the property is in pre-foreclosure and that it is now or may be placed into bankruptcy protection which

will be dismissed/discharged prior to close of escrow. Escrow is subject to the dismissal/discharge of the bankruptcy.

•6. If escrow does not close on time due to no fault of buyer, it shall be extended by up to 14 working days.

•7. A copy of the appraisal order form must be received by sellers agent within 10 days of acceptance

If Purchase offer is cash then acceptance of the offer is subject to seller receiving a copy of buyers proof of funds equal to at least the purchase price.

•8. Buyer agrees to fully cooperate with the verification of the LSR & LSU including the disclosure of his/her credit mid-score and funds to close.

•9. In case of a lease, the Lease Agreement must be received by seller's agent within 10 business days of contract acceptance.

•10. Failure to submit any required information within the specified time periods may cancel the purchase contract and back-up offers will be presented to the seller.

•11. In the event that the appraised value is lower than the purchase price, buyer shall provide the seller's agent a copy of the appraisal within 48 hours.

•12. Property is sold in an "As-Is" - As Seen" condition. Seller shall not be expected to make any repairs or modification to the property.

•13. Clue Reports only provided upon buyer's specific request.

Foreclosure Options For Home Owners

Jamar James (Jamar James, PLLC) — Mon, 25 Feb 2008 23:50:07 -0600

If you are behind on payments and wanted to know what options are available, many time professionals forget the simple options to homeowners. For professionals in the foreclosure business, we use terms such as deed-in-lieu, foreberance, loan mod, and other terms that homeowners may not. I have come up with a few terms and options that homeowners should have available as options for available alternatives to foreclosure.

Foreberance: A company will attempt to stall or reduce your payment by submitting a hardship package on your behalf. Many times the lender will work with a "foreclosure assistance" company before working with an individual attempting to submit a foreclosure package.

Buy-Back-Program: With this option, you can actually sell your house and continue living in. Some investors offer a buy back program where they will step-in quickly, purchase your house, and allow you to rent it while you catch up on your bills and even allow you to purchase it back from them once you are "back on your feet". (Be very carefull, some companies are better then others, and of course, you have those predators out there)

Restructure (Most Popular Alternative) - Some foreclosure companies will negotiate with your lender to get your loan in good standing again. There are many options available to get a restructure approved like a separate payment plan for your delinquency or even adding the delinquency to the end of your loan. No one can gurantee to restructure your payments, so becarefull.

Reinstatement - Pay your lender(s) all of your past due payments to bring your mortgage current. This option is rarely feasible. (However I know some private money lenders that will provide homeowners up to 90% for the reinstatement amount.)

Refinance - Hardly available, through traditional lenders, however some foreclosure companies have established relationships with inhouse lenders who can give loans on mortgages that are in foreclosure if there is enough equity in your property available.

Sell Your Home - You may simply sell your home before the Foreclosure Sale Date. Sometimes the home owner is unable to sell the home outright at the desired sale price and this is not an option.

Short Sale - In this instance the lender may take less than what you owe on the loan to avoid a lengthy and costly foreclosure process.

Deed-in-lieu of Foreclosure - You or an foreclosure company can arrange for you to simply give the home back to the lender and walk away with a clean slate.

Bankruptcy - This is a last resort. This will only save your home temporarily. If you miss one payment during this process the lender will put you right back into foreclosure.

Short Sale Document Checklist

Jamar James (Jamar James, PLLC) — Mon, 25 Feb 2008 23:34:07 -0600

To save your self time and headache, it's a good ideal to obtain a few documents before contacting the banks. Most banks will request the following information;

CHECKLIST OF DOCUMENTS Needed from the Homeowner

•· Personal handwritten Hardship Letter - See Attached Example

•· Authorization To Release Form (If Your Are Getting Help From A Professional)

•· Last 2 Paycheck Stubs

•· Last 2 months bank statements

•· Two years of W2's (most recent)

•· Last two years Tax Returns

•· Detailed list of monthly expenses vs income - Email For Copy

•· Original Survey (if available)

•· Signed listing agreement ( Need Realtor Listing)

•· Copy of most recent appraisal ( if available)

•· Recent Mortgage Statements (Both Copies -Two Loans)

•· Hud Statement From Last Transaction (If Available)

The reason for this information is to prove to the bank that you are a candidate for a discounted payoff of your mortgage. To show that you are not hiding money anywhere instead of making your mortgage payment. And to prove that they only way for you to be able to pay off your debt with the bank is if they are willing to accept a discount.

What Is A Short Sale - Benefits To Sellers

Jamar James (Jamar James, PLLC) — Mon, 25 Feb 2008 23:27:35 -0600

What Is a Short Sale?

A "short sale" is an agreement with your lender to accept less money than they're owed as full payment for your loan. This solution often makes sense when you owe more than the property is currently worth. Basically, you have no time or equity to sell your home traditionally because you cannot afford to pay a Realtor and cover your closing costs!

There are multiple companies and realtors that will help you short sale your home. The Arizona Short Sale Office, specialize's in short sales. Most companies will work with the bank to get a lower pay off on your loan approved, this is what you call a short sale. The benefits to the bank are many, most importanly it saves them from having to go through the expensive and time-consuming process of a foreclosure. Short sales benefits the seller, by allowing the homeowner to minimize the credit impact of a foreclosure. Foreclosures are usually scored worse than a bankruptcy.

You must ask, Does My House Qualify?

If you are behind on payments, can show a financial hardship, owe your lender(s) as much or more than your house is worth, then you possible could qualify for a short sale. Request an information packet from the THE ARIZONA SHORT SALE OFFICE to learn more about short sales and other options you might have.

So, Its That Easy?

Well, sort of! Short sales are very difficult and time consuming. Lenders find it difficult to work directly with the homeowner because they are already "on the hook" for the amount they owe. However, the lender does not neccessarily want to foreclosure and take your property and you may contact the bank and attempt to complete the short sale your self with the help of a professional realtor.

Unfortunately, as part of the short sale agreement, the lender prohibits you from receiving any "sales proceeds." In other words, you will not get any money at closing. What you get is the peace of mind knowing that you will not loose your credit and home at the same time. There are other rules that you must understand that come along with a short sale. Get Help Today!

Foreclosure - Bad Press For Realtors - Should Professionals Demand Retainer Fees For Foreclosure Services?

Jamar James (Jamar James, PLLC) — Mon, 25 Feb 2008 00:26:41 -0600

Are you a realtor who specialize helping homeowners who are in foreclosure? Do you have homeowners seek you out because of your experience and reputation as a foreclosure expert? How do you fight all of the negative press about the amount of foreclosure scams and realtors who do nothing for there clients in foreclosure?

Here is some very important information to homeowners in foreclosure. Not all realtors, mortgage brokers, and foreclosure assistance companies looking to provide a service to people in foreclosure are scam artist.

If you look on the net all you read about in the press is the foreclosure scams, and people being taken advantage of by professional scam artist? What about those professional realtors who are really providing negotiation services, loan modifications approvals and selling homes in foreclosure through short sales. I am not the only realtor preventing homeowners from loosing there home to foreclosure? There are plenty of good realtors out there, that are helping people avoid foreclosure and save there credit.

If I was in foreclosure, searching for help, I would be scared to DEATH to choose anyone to help me out due to all of the negative information out there. If I was a consumer the only organizations that appear NOT to be foreclosure artist are non-profit hud approved organizations, and hud counselors. I agree that those non-profit organizations are very neccessary and valuable resource to homeowners, but they are not the only option. (It is a free option for homeowner's, and by all means go to www.hud.com) Most non-profit foreclosure companies are also being flooded with calls and provide the one-on-one assistance in a timely manner to homeowners behind on payments and going to auction within 30 days. Why aren't homeowners able to find the right realtors help them for that one on one personal touch? I think it's due to the negative press!

There is also an abundance of FREE information all over the web, explaining how to properly negotiate loan modifications, loan reinstatements, and short sales, the problem is most homeowners who are behind on payments are really embarrassed and rarely want to explain to multiple sources why they are behind on payments. Other homeowners simply do not have the time or PATIENCE to effectively solve there foreclosure problem. There are some really good realtors out there, attempting to hep home owners and there are alot of realtors that are NOT a non-profit professional, and must be compensated for there time and effort. They are professionals! What is wrong with paying a GOOD realtor to help a homeowner out of foreclosure?

My question is, why aren't more realtors who are good at what they do, (including foreclosure and short sales) not standing up to the bad press and demanding retainer fees for there expertise? I know quite of few realtors who are excellent at working short sales, some charge there clients other's do not. Those that do not charge there clients a retainer may have an interest in the short sale, because they are able to sell the property, however there is no compensation available when working out a loan modification and or hardship.

There are no gurantees that a short sale will be approved, however some realtors are better and more experienced at what they do and should be able to demand a fee from individuals who are in foreclosure. I do not feel this is unethical. If a realtor feels that there experience and professionalism demands a retainer, this does not mean they are scamming the individuals in foreclosure, this simply means that they have placed a value on there time and experience.

Realtors are NOT non-profit organizations, they are professionals involved in the purchase and sale of real estate. Why shouldn't an expert realtor charge for there expertise, if they are going to negotiate a loan modification. Lawyers are charging retaining fees for there services, but realtors and professionals are suppose to operate for free when it comes to foreclosure?

I am a frustrated professional with the amount of bad press out there about realtors and foreclosure rescue companies. All realtors and foreclosure rescue companies are not bad! Some of us, are very good at what we do, and are actually helping homeowners in foreclosure. If you are good at what you do, why shouldn't realtors be compensated for there services? Yes many homeowners could negotiate on there on behalf, just as I could do my own yard work, or defend myself in court, however at the end of the day, I am willing to pay someone who is a professional to assist me, because I simply believe in hiring an expert to save myself time and grief.

Professional Realtor Working With Homeowners In Foreclosure.

Realtors Please Post Up, I want to here your feed back?