
Adapt to market shifts and learn to list and sell short sale properties, find prospects, and build a successful niche in distressed real estate.
meet your instructor, Steve Daria, a local real estate broker and investor in Southwest Florida with experience listing and selling short sales, sharing YouTube content and direct responses to questions.
Discover why banks approve short sales to save about 15 percent on foreclosure costs and limit liability, including attorney costs, eviction, maintenance, utilities, taxes, insurance, and tenants and squatters.
Explore borrower options in default, including getting current, short sales, bankruptcy, repayment plans, forbearance, loan modification, deed in lieu, and foreclosure, with an ethical marketing pamphlet.
Explore how short sales affect credit, compare foreclosure impacts, and how settlement terms appear on reports, plus strategies to regain homeownership within 24 months.
Learn how short sales and foreclosures run as separate processes, why you must work with short sale negotiators, and how hiring an attorney can delay foreclosure in Florida.
Conduct face-to-face meetings with short sale prospects, confirm all decision makers are present and aligned, and secure 100 percent commitment before gathering lender documentation and presenting the short sale package.
Learn the essential contents of a short sale package, including the release form, intake details, disclosures, financials, and a short sale addendum, to prepare a professional, lender-ready submission.
Identify deal killers in short sales: complete packages, transparent disclosures, no delinquent hra fees, and offers near market value, with 15 percent withholding for foreign investors and PMI considerations.
Build a strong short sales team with experienced foreclosure attorneys, savvy accountants, and a reliable closing partner to keep deals moving and pursue new business through proactive marketing.
Short sales are demanding but saving clients from foreclosure fuels referrals; stay in front with a solid CRM and weekly emails, newsletters, and quarterly outreach.
Enclosed are all of your downloads needed to start listing and selling short sales!
What Is A Short Sale
A short sale is when a lender(s) agrees to accept less than what is owed so that a seller can sell their home at fair market value.
Why Would A Bank Agree To A Short Sale
A lender would agree to work with borrower in default and their agent because it will ultimately save the bank more money than a foreclosure (approx. 15%) and reduce their liability.
Are Short Sales Easy To List And Sell
No. Not really. But with the right systems and team in place, they can become very streamline. This is also another main reason to concentrate on listing short sales. Most agents do not want to mess with them! We actually go into detail on how to market to real estate agents as well to procure more listings!
Why Would A Real Estate Agent Need An Education On This
There are many reasons why real estate agents should concentrate on short sales.
It is recession proof. Actually when the real estate market flattens out, shifts or crashes, the skill set in this course can make you hundreds of thousands of dollars.
Short sales happen all the time even in strong markets. Peoples circumstances change all the time like death, divorce, relocation, job loss, reduction in pay, medical issues, etc.
If done properly, short sale clients become a HUGE referral source for you for years to come!
In any real estate market, delinquencies occur due to relocation, job loss, death, divorces, market shifts, split partnerships and many other factors.
This course is designed to educate you on Short Sales, the Short Sale Process, Getting Listings and showing you step by step ways to make this an incredibly profitable niche real estate target market, all while helping people in one of the hardest times in their lives.