2011: YEAR OF THE SHORT SALE!

By
Real Estate Broker/Owner with REO PRO REALTY

I just signed up with PartnerFirst, a nationwide Real Estate Network designed to serve homeowners & agents/brokers with Short Sales.  I took their intensive online course on Short Sales and acquired their PSC (Pre-Foreclosure Specialist Certification). Whether you are agent or financially-stressed homeowner, I recommend you visit their website.  PartnerFirst link: http://members.partnerfirst.org/

I also have been certified by Equator with their Platiinum Short Sale & REO Certification.  I also have been certified by NABPOP ) National Association of Broker Price Opinion Professionals), Titanium Solutions, Distressed Sales University and Harris Real Estate University.

Why would I focus so much time and effort on this, you may ask?

Please consider these facts which essentially guarantee a steady flow of Short Sales & REOs for several years to come:

  • Half of the 55 million mortgages nationwide are in some form of distress.
  • There are roughly 11 Trillion in total loans.
  • Three Trillion are in pools of investors.
  • Three Trillion are in whole loans (1 owner owns entire loan & 1/2 -1.5 Trillion- are in distress).
  • Whole Loans are the easiest ones to get Short Sales approved.
  • Ben Bernanke, Chairman of the US Federal Reserve Board, recently stated in CBS's 60 Minutes that he expects unemployment rate to remain high for 4-5 years.
  • Economists predict another drop in real estate prices in 2011.  Forbes predicts a 20% loss in values while Moody's predicts 8%.  Like politics, real estate prices are LOCAL.  Different area will be hit differently.
  • As underwater homeowners realize the economic advantage of renting vs having an unreonably high mortgage payment, more and more Short Sales will hit the market.

Happy Holidays!!!

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Rainer
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Jersey Strong Contractors
Jersey Strong Contractors LLC - Linden, NJ
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Dec 18, 2010 08:46 AM #1
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Rainer
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Rudy Romo

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