America's Home Rescue, based out of Austin, Texas, released their book titled "Short Sale Solutions: An Instruction Guide for Real Estate Agents" last Summer and the book has become a major hit for real estate agents working Short Sales across the country! This is one of the first fully comprehensive instruction guides on Short Sales...for Real Estate Agents, not investors. Most of the education provided on Short Sales is written by Investors for Investors. What about effective Short Sale education for real estate agents? Here is a summary of what is provided in the guide.
Main Course on Short Sales
Step-by-Step Approach to Short Sales...from a real estate agent's perspective!
•- 10-step process for FHA Short Sales
•- 9-step process for VA & Conventional Short Sales
Obtaining the Lead
Information Gathering
Appointment with Homeowner
Listing Agreement
Components of a Short Sale package
Going Active in MLS
Sending Short Sale Package to Lender (What to do and what not to do!)
The Appraisal
Acceptance into the Short Sale Program
Receiving an Offer
Acceptance of Offer from Lender
Closing
VA, FHA, Conventional Loans...what's the difference?
Forms & Checklists
Individual bank Short Sale packets for all banks that America's Home Rescue has worked with (CD Included)
HUD Forms
Example Listing Agreement
Example Hardship Letters
Frequently asked questions to ask homeowners
Qualified Leads vs. Quality Leads... You don't work for free! Know the difference!
Where do you send your Short Sale package?
How many days should you wait to follow up on your package?
Customer Service Representative vs. Loss Mitigation Representative
Much more....
Short Sale Math
Learn how to determine estimated list price for initial listing agreement.
Learn how to determine estimated list price for MLS.
What is the lowest offer I should be entertaining?
What does the bank need to net while seriously considering a shorted payoff?
What is the estimated time to foreclosure? (Very important when considering your Short Sale strategy)
What are the lender thresholds for each type of loan? VA, Conventional, FHA, Home Equity, etc.
Bank Contact Section
Includes bank contact and loss mitigation information and individual Short Sale packets in PDF format for over 40 banks and has a detailed list of what each bank requires for their Short Sale package.
Banks include:
Aurora
America's Servicing Company (ASC)
Ameriquest Mortgage
Bank of America
Central Mortgage
CitiFinancial
CitiMortgage
Countrywide
EMC
GMAC
HomEq
Household Finance
Litton Loan Servicing
National City Mortgage
NationStar Mortgage
Option One Mortgage
Washington Mutual
Wells Fargo
Ocwen
Chase
And more....
FREE Monthly Subscription for Bank Contact & Loss Mitigation Updates included with purchase of Instruction Guide. America's Home Rescue believes that in order for real estate agents to have continued success in Short Sale transactions, they need to have the latest bank and loss mitigation contact information to date. They realize that this is an ever-changing industry and providing the latest information available is imperative.
A tremendous value at $295.00, this Instruction Guide is intended to cut your learning curve in doing Short Sales by as much as 80%. It is written by real estate agents for real estate agents and is written to help keep you one step ahead of anything that will waste your time or create frustration for you in your Short Sale transactions.
America's Home Rescue also teaches two seminar formats and has a coaching club focusing on building your Short Sale business. For more information, please visit http://www.shortsalesolutions.biz/.
Thank you,
The Team at America's Home rescue
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