https://activerain.com/blogs/ssbutler en-us https://activerain.com/blogsview/1381581/sucess-again--but--why---short-sales- Agents, if you are in denial, yes I said you, not the home sellers, but you,  are in denial of working on short sales, you better jump on board now!  Nearly a year has passed since I decided to share my success with real estate agents and open Short Sale Resolution Network.  Many agents in areas where homes were very expensive in the OC stated that would never happen!  Today, December 12th, 2009, most of the agents having me process their SHORT SALES are from the OC! Newport Coast, Laguna Beach, Corona Del Mar are some of the cities being hit hard.  The lenders on the short sales for these expensive homes do not want to hold on to your short sale package for long lengths of time.  You as an agent do not have the time to sit on hold for hours when you should be getting more lisitng!  In some cases, I not only will give you the lead, but I will market with you and share my successful "Short Sale Marketing" idea that....WORK!  All I ask in return is the Short Sale Processing!  Let's make help home owners in 2010! Sharon Butler (Short Sale Resolution Network) Sat, 12 Dec 2009 05:50:51 -0800 https://activerain.com/blogsview/1381581/sucess-again--but--why---short-sales- https://activerain.com/blogsview/1278763/shadow-inventory--reo-s--let-s-face-reality- All right agents, I am finally going to share with you, your sellers and your buyers what the general Media either does not know or does not want the "general" public to know!  Let's wake up!  The prices are not turning around and movingup, although "someone" is attempting to make us all believe it.  The reason prices "seam" to be going up is simple.  Short sale listing agents are underlising the price of the propery, correct me if I am wrong.....then, then the bank approves the short sale at a slightly higher price and the MLS listing price goes up, it "appears" the property sold for more than it was worth and a bidding war pushed the price up. NOT the case.  What I am saying is let understand what is the honest truth about what is REALLY going on. Prices have NOT bottomed out, not even close! Some agents agree with me and some think I am nuts (or are they!) until I say, well, "if you are right, how do you feel about the Shadow Inventory"?  I get the strangest look.  Most agents do not even know about the "Shadow Inventory" do you? Humm, this is where I was going to write all about the hidden fact....Shadow Inventory, but I am not sure there is an interest. So........tell me, what you think I am talking about and lets see how many of you are at the top of your GAME! Let's get some participation! Sharon Sharon Butler (Short Sale Resolution Network) Sat, 10 Oct 2009 08:13:10 -0700 https://activerain.com/blogsview/1278763/shadow-inventory--reo-s--let-s-face-reality- https://activerain.com/blogsview/1267309/short-sales-done-fast Short sales done fast.  Seams every agent want listings, but not one wants to take the time to learn how to close a short sale once they sell it.....and that is totally fine with me since we can close them fast for you!  Pretty funny, I can not tell you how many times I get calls from agents who do not have a clue what to do after spending time and advertising dollars listing a short sale, oonce they have a buyer,  Working a short sale is an art, a skill and a major learning experience!  In today's economy, and as in every economy any good listing agent will ask several questions while taking a list appointment.  First, not to getpersonal, but "why are you selling your home"? How may agents actually ask why?  I want to say very few agents ask sellers why they are selling their home in fear of the seller changing their minds and the agent losing the listing.  Remember, the agent who helps the sellers are the ones who secure a life-time of business leads! You may wonder why, I tell all the agent I work with to ask why are you listing, to their sellers...simple. I do not want the agents I work with and our network working hard marketing and processing only to find out the seller really does not want to short sale their home but, they want a modification!  Agents make sure everyone is on the same page!  Next, when taking the listing, find out your time line.  Is your selling giving you a listing that has a TD sale in two weeks? or in 3 months. These are just some short tips to get you started on your short sale listing. By the way, as soon as the listing is signed, get the seller qualified! The seller! Sharon Butler - Short Sale Resolution Network! click here Sharon Butler (Short Sale Resolution Network) Fri, 02 Oct 2009 18:15:16 -0700 https://activerain.com/blogsview/1267309/short-sales-done-fast https://activerain.com/blogsview/1265556/free-money--first-time-homebuyers Is there any reason why "Professional" real estate agents are not more "in tuned" to the amazing programs available to First Time Home Buyers?  As a loan professional, I often wonder why agents who state they are out to help their buyers have no interest in these program.  Most cities in the state of California have First Time Home Buyers Programs.  I guess it is not really free money, but nearly free. Example today I went to the City of Carson's program.  Out of all of the licensed real estate agents in and around Carson, California I was surprised to see only about 35 licensed agents?  This program will give a qualified first time homebuyer up to $100,000! All the buyers have to do is take ONE 8 hour class, not have owned a home in the past 3 years and meat the income requirements, no bad for $100,000.  This particular program places a lien against the home for the amount and only has to be paid paid if the homeowner refinances, sells or leases the property.  What these programs do?  These programs help your buyers qualify for more home! Example say a buyer wants to purchase a home for $325,000 and only qualifies for $300,000.  With 3% of their own money and 25% from the City, their loan amount with the City financing is only $234,000 dropping their payment and making their new home more affordable.  Let me make it really simple: FHA vs. City First Time Homeowner Program FHA 3.5% down payment - $11,375, actual loan amount with MIP =$319,113, payment =$1762.15 PI, Taxes =$338.54, Insurance $58 and MMI = $130.67 for a grand total of $2289.36 per month.  FHA will allow ALL gift money, but also charges the MIP and the MMI. The buyers should have at least a 600 credit score and on a 30 yr loan today the rate ranges from 5% to 5.375.  On the 5/1arm a buyer could get as low as 4.375%, yet must qualify at a higher indexed rate. FHA Is still a great program with or without any special programs! Ok....lets see how the city Program helps this same buyer: 3% of their own money, no gift for the first 3%, 25% funds from the City ( the amount can be as low as 17% and up to $100,000) Say our buyers qualify for 25%.  Their new loan could be a conventional loan with an amount of$234,000! No MMI! No MMI, today's current rate of 5.125% makes their new payment $1274.10, taxes $338.54 and Insurance $58 for a grand total of: $1670.64! That is a savings of over $618. per month.  If you really want to help this buyer with the savings show them how if they pay an extra $200 per month on their loan since they have such a savings that they will save an additional $157,918 and pay off the first in 22 yrs! Cool stuff! So what are you waiting for? I can be reached at 866-844-6873.  I look forward to help your homeowners with all their financing needs and your sellers with FAST short sales!! Buyers and agnets call your Citys today.  Carson, California will be having their 8 hour class this month! Google Carson, California or call me and I will help you with all your questions! Sharon Butler (Short Sale Resolution Network) Thu, 01 Oct 2009 15:02:41 -0700 https://activerain.com/blogsview/1265556/free-money--first-time-homebuyers https://activerain.com/blogsview/1264172/fast-short-sales- Have you ever seen or even heard of a FAST Short Sale, well, that is all we perfect to do at Short Sale Resolution Network! Click here. On September 30th, 2009 EXACTLY ONE MONTH from taking the paperwork from the sellers we received complete and total Short Sale Approvals from not one but two lien holders. The listing done by top agent Andrew Karigan of Prudential, click here sent a "Yippee" e-mail of shock when I sent him the approval on the 2nd TD.  Agents, as I have stated in the past and will stick to, short sale processing is a lot of work and time.  Short sales will be more and more on the front line and if you are not prepared you will miss the wave. In order to really help real estate agents, we are offering to actually come out and really teach you the basics in your office.  We are southern California based, but the information is national!  We require a minimum of 10 agents per office at $75.00 each.  This class will not just be basic, but will teach you what you have to do and what your processor "should" be doing to get the file done in 30 to 45 days depending on the lien holder.  We have lists of direct numbers at most of the major lien holders. For more information go to www.ssresnetwork.com or call 866-844-6873 or call Sharon Butler direct at 714-745-6348. Close those short sales FAST! Sharon Butler (Short Sale Resolution Network) Thu, 01 Oct 2009 01:27:54 -0700 https://activerain.com/blogsview/1264172/fast-short-sales- https://activerain.com/blogsview/1257553/homeowners--upside-down--turtle-ridge--california Homeowners do you have questions about your home? Do you currently owe more money on your home than it is worth? Click here. If you have been thinking what should we do....here is a thought!  Real Estate Prices go up and down, the scary thing is many positive thinkers are saying give a few years,.....who are they trying to kid?  Real Estate is a 10 year cycle.  If you are a homeowner and you owe more on your home than it is worth you have to decide if 1) you are planning to stay in your home for the long run and 2) can you afford to stay in your home for the long run? Homeowners, if you made it pass the initial shock of reality and you do not want to take the chance of holding on to your home in fear of foreclosure, a short sale may be the best bet.  A short sale is when your mortgage company agrees to accept a lower pay off then what you owe.  Even if you have other liens against your home a short pay off is possible. If the first mortgage company is ready to sell your home on a Trust Deed Sale or you have not been paying your payment for 3 or more months you might be ready to consider a short pay off.  In most cases the bank pays for the costs to sell your home along with any back taxes, HOA, etc. We have found most lenders to be more than willing to work with agents who know how to package the short sale requests. Click here. Agents who package your request will ask for many of the items you provided when you secured your home loan. The best short sale professionals are ex-loan officers or processors because they know what the lender is looking for. Many executive neighborhoods, in South County, communities such as Turtle Ridge and several areas in Newport Coast experienced great low purchase prices, but due to the refi boom took cash out of the equity to pay off debt or make purchases. With the drop in the market, by refinancing a home and taking cash out, the homeowners are now seeing that they owe more money on their home than it is worth! This is were your triditional real estate agent may not be able to help! Using a professional who knows who to deal with the banks and can prove it with a track record is what you need. click here.  Short sale Resolution Network will be closing one of its fastest short sales in Newport Beach, "Once we close, we will have closed a short sale from start to finish in less than 5 weeks, with two lien holders!" There is no reason a short sale should take more than 45 to 60 days, if house is priced right! Call us today, at 866-844-6873 or visit our website, the call is free! Sharon Butler (Short Sale Resolution Network) Sat, 26 Sep 2009 18:44:39 -0700 https://activerain.com/blogsview/1257553/homeowners--upside-down--turtle-ridge--california https://activerain.com/blogsview/1247695/buyers-scared-of-short-sales- Are you thinking of buying a home?  Have you noticed that 1 of every 2 homes if not more are Short Sales? It can get kind of frustrating when nearly every home listed is a foreclosure or in default.  The biggest complaint I hear is about the bidding wars.   There are tons of stories of how buyers place offers on properties and never hear ANYTHING back! Rule of thumb, if you have not heard anything, you did not get the property! Best way to get the home you want, "Common Sense"!  Say the property you want is listed at $535,000 and the homes in the area are selling for $640,000, do you really think the house is going to sell at $535,000?  I guess the best tip I can give you is to work with an agents that has successfully secured a property on a short sale for several clients. An agent who will run comparable sales in the area and place the offer where it needs to be for you to be the winning bid. Short Salesalong with REO properties are the best deals, but you have to know what you are looking for and what you are willing to pay for it.  Being scared to get into a short sale may be valid, but if you are working with an agent who understands the short sale process there should be no problems. Make sure your agent knows how to work with the listing agent to push the process through.  If the listing agent has not even qualified the sellers then you want to run from that particular property We answer questions constantly about short sales and referals. click here  Our network has licensed real estate agents from all different real estate franchises who are educated in the short sale process. We help agents by processing the paperwork which is necessary to close short sales while the agents list properties and help buyers! We can be contacted at Short Sale Resolution Network, 866-844-6873 Sharon Butler (Short Sale Resolution Network) Sun, 20 Sep 2009 09:19:51 -0700 https://activerain.com/blogsview/1247695/buyers-scared-of-short-sales- https://activerain.com/blogsview/1244638/short-sale-tips--newport-beach--california Newport Beach, California.  Beaches and Blue Skys, no sight of financial difficulties? Back in May, I asked several Top Producing Real Estate Agents what they thought about Short Sales, you will be amazed at what I heard. One agent said, " I will never do a listing where the seller can not pay off the total amount due on their home!" another said, Short pay off, what is that". Being a Short Sale Processor and expert in working with mortgage lien holders I have seen it all, one thing is for sure.....there are much more Short Sales to come and in some of the more exclusive areas there is a huge wave about to hit! As a real estate professional you need to have all the answers for your sellers and if you do not know enough about the subject bring in a professional who does. A few days ago in a high end area of Newport Beach I was asked to go on a listing appointment with an agent who wanted to secure a 4 million dollar Short Sale.  I met the agent in front of the home and without even going in I knew the owner had spent a ton of cash remodeling their home with the plan of living there forever.  Their closests looked like a high class Beverly Hill store, their theater better than and screening room in Hollywood and LEATHER, yes Leather floors. Here is todays tip.  Pricing your listing. Let's go back to the good old basics, the house will sell for what the house is worth! If you have not heard that last line you must be new to sales.  You can only sell the house for what it is worth. The standard rule for securing the "Fair Market Value" is 3 comparable properties. A comparable property is a property that has sold within 3 months, is within 300 square feet and is less than 1 mile away from your subject property.  Ok, so your sellers says, " well that house was a foreclosure".  or "I have many more upgrades!"  Here is your answer, "If there is a foreclosure in the area the value is counted because it is, Typical" for the area and the upgrades, " those are what you prefer. The upgrades you put in your home were your choice to enjoy while you live there."  The issue is the appraiser can not go into the comparable properties. As I sat and spoke with the husband I could see a light, light up when I explained the basics on how a short sale works and what his options were. Mr. Seller could see that what he was thinking vs how we could sell his house fast were two different stories. YES, our Short Sale processors go out with you on your appointment and work with you as a TEAM to secure your listing.  Top producers use us, click here to ensure the listing and ease the seller.  With the buyers, we have a team of mortgage professionals who are there to secure the proper qualification forms when the buyer is ready to place an offer. Like our real estate agents the mortgage professionals are from all areas and work for all different companies.  The network refers listings and loan leads to professionals who take the time to learn our process and work for both the seller and buyer for a win, win situations and Short Sale closings are usually in 45 to 60 days. Contact us by e-mail at sharon@ssresnetwork.com or by phone at 866-844-6873. The Short Sale Resolution Network is here to help you, agent, buyer, or seller we are here for you! Sharon Butler (Short Sale Resolution Network) Fri, 18 Sep 2009 02:40:47 -0700 https://activerain.com/blogsview/1244638/short-sale-tips--newport-beach--california https://activerain.com/blogsview/1244353/short-sales--hardship- What is s Short Sales Specialist? Seems the two words Short and Sale are together everywhere....the funny thing is most people do not even know what it really is.  In some cases the professionals are still in the dark as to what a short sale really is! First, as a professional with over 22 years experience in the mortgage banking business, a real estate investor and instructor, I want to make it perfectly CLEAR, Short Sales are for homeowners in distress, homeowners who have a legitimate hardship. What is a hardship?  There are many types of hardships.  In today's economy many homeowners are being faced with loss of job or even their careers.  In some cases divorce is a factor. In divorce, there are one of two possible ways to divide the real estate, a cash out buy out where one spouse buys out the other or sale of the property.  With the prices of homes nearly everywhere in the country down couples are selling their home for less than what is owed on it and both are forced to move. One problem, hardship or not both will have to secure a new home and having a Short Sale on their credit will stop either spouse from purchasing a home for a minimum of 2 years! Agents make sure your clients are qualified to sell their home.  Sellers must be qualified to sell a home on a short pay off.  Having a professional processing company can save you time and ensure you a smooth, quick transaction. The Short Sale Resolution Network, click here, can help with all your processing needs. For agents, we offer an educational class once a month to provided homeowners with only professional, caring agents in their area to help them make the right decision. Homeowners, we match you with several agents in your area to help you make the right choice as to who will be listing your home.  Our processing department will be there every step of the way!  Call us now at 866-844-6873 Home buyers, have you noticed all the listings showing as Short Sales, do you understand what that means to you?  What for my next blog all about how to secure your offer on a short pay off! If you are a buyer, seller,r home owner, real estate agent or just any one with real estate questions free free contacting me at sharon@ssresnetwork.com. I am always ready to help you with all your real estate needs. Sharon Butler (Short Sale Resolution Network) Thu, 17 Sep 2009 19:04:29 -0700 https://activerain.com/blogsview/1244353/short-sales--hardship- https://activerain.com/blogsview/1243316/short-sales-newport-beach-ca Homeowners and agents, if you are looking for a Short Sale team to help you process your short sale, look no further!  The Short Sale Resolution Network, click here was formed by real estate professionals with over 20 years in the mortgage banking business.  We know what the banks are looking for to get your transaction approve and close fast!  Did you know not just anyone can sell their home with a short pay off?  Home sellers have to qualify to sell their home on a short pay off. Homeowners, if you are wondering what your options are, there are several. If you are behind in your payments, doing NOTHING will get you NO-WHERE FAST and may cause you worse hardship in the long run.  The Network has resources for you.  First, what is best for you? If you can modify your home loan, we can review your information and direct to the best help you can get!  Selling your home as a last resort must be done by professionals who understand what is required of a short sale package.  We are a professional processing company and we refer real estate agents in your area who are members of the network and have been educated in the field of short pay off transactions.  The agents we refer have a strict code of ethics and conduct and will help you through this transition smoothly. Our services are paid for out of the sales commission and are not by you, the homeowner. If you are a buyer looking to buy a property the bet deals out there now are REO ( bank owned properties) or homes in distress. Making sure your your agent is educated and understands how to write up your offer is an important key to securing the home you have decided to secure. Agents, want to manage your time and sell more properties?  Delegate, using a professional processing company, educated in the process of short pay offs gives you more time to market, secure buyers and close your transactions. Qualifying your clients and having complete packages are the keys to success.  The Network not only processes short pay off transactions, but secures lead and refers the leads to qualified agents.  Check out our Short Sale Resolution Network, click here we will help you get the job done....FAST! Sharon Butler (Short Sale Resolution Network) Thu, 17 Sep 2009 04:53:16 -0700 https://activerain.com/blogsview/1243316/short-sales-newport-beach-ca