Short Sale Ideas and
Opportunities
This presentation outlines a standard (if there is such a thing) short sale transaction according to my personal experiences and what my view of the future includes.
Why would the lender agree to accept anything less than full payoff?
The true cost of a foreclosure action to a lender.
- The Parties to a Short Sale
Who are the parties to a short sale transaction?
How to find potential sellers and cooperative lenders
Learn where to look for leads and how to identify the best short sale candidates.
Short Sale Possibilities
What are some of the factors that determine if a short sale is possible? Why must the property be vacant two weeks prior to the scheduled closing?
Steps to a Successful Completion
How often should you contact your short sale representative (the lender)? Why the BPO is the single most important determining factor of every short sale and how to swing it in your direction.
Typical Short Sale Package
What type of additional documentation can make a difference? What documents should be included in the short sale package? Learn which document is the single most important document in the short sale package.
Contract for Purchase vs. The Deed
Which technique is better? Does the lender understand the difference?
Rich’s Short Sale Crystal Ball
Banks and lenders are currently re-assessing their positions regarding short sales. Many of the changes Rich discussed during previous years are now coming to fruition. Learn what steps that lenders have in motion to make short sales easier to construct and close.
 E-mail: Rich@RichardBMeyer.com
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Richard Meyer is a proactive, create your own momentum, real estate theorist as well as the ultimate real estate student and a genuine outta-the-box thinker. (Whew, what a mouthful, I mean keyboard full) Rich seeks to convey a sense of humility, individuality and the importance of thinking outside the borders of conventional real estate wisdom when assessing default investment opportunities. He has personally participated in literally thousands of real estate transactions ranging from foreclosures (courthouse steps purchases) and home retention transactions to mortgage note purchases and (almost) everything in between.