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New software program includes expected net thresholds for Lenders and is breathing new life into Realtors working Short Sales...and, in many cases, helping them save their commissions! New Demonstration Released ~ Watch Now

Finally, a software program for Real Estate Agents that assists in determining all the necessary calculations in a Short Sale, either from a Buyer's or Listing Agent's perspective. With the expected net thresholds that are built into this calculator program, the Realtors can now begin to effectively manage their Short Sale listings and the Buyer's Agents finally have a good sense as to what they should be offering on a Short Sale listing!

Watch Demonstration NOW

Great news! The Second Revision of the Short Sale Calculator is finally here and is the first software calculator of it's kind that enables real estate agents to determine the calculations necessary to price their Short Sale listings and entertain offers that have an increased chance of being accepted by lenders. This software is designed for Windows 2000, XP, Vista, and Macintosh platforms. It is the first desktop software of its kind on the market and can be used to ensure that real estate agents across America have the necessary tools in place to calculate the following figures based on the type of loan being shorted for their Short Sale listings. The following calculations are determined for FHA, VA, or Conventional Short Sales and are applicable in every state.

1. Initial List Price for the Listing Agreement that you will send to the Short Sale Lender

2. Estimated List Price for MLS, according to the Type of Loan and the Expected Net Thresholds for the Short Sale Lender

3. What the 1st lien Lender should expect to net based on Lender threshold and appraisal

4. What the 2nd lien Lender should net, if applicable, based on the amount owed to the 2nd lien Lender

5. What is the lowest offer that you should entertain based on what the Short Sale Lender expects to Net.

Posted by Michael & Stacy Spickes on 10/06/2008 10:58 AM

Comments (2)

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2 Comments on New software program includes expected net thresholds for Lenders and is breathing new life into Realtors working Short Sales...and, in many cases, helping them save their commissions! New Demonstration Released ~ Watch Now

OCT

2008

Interesting software Michael and Stacy. Is this based off of percentages or what different lenders are used to negotiating?

The net thresholds differ depending on the type of loan being shorted. FHA, VA, and Conventional Short Sales have different expected net thresholds and knowing how to properly calculate the estimated list price, and other important calculations, with liens, judgments, property tax pro-rations, etc., is critical for Real Estate Agents to know when listing a Short Sale, or writing a purchase offer as a Buyer's Agent. We have taught over 25,000 Realtors and, prior to our training, less than 1% of these Agents knew what the expected net thresholds are. This means that most Realtors are walking blindly through their transactions without any of the necessary knowledge and tools to effectively navigate their deal!

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