June 12, 2009
Influence the BPO: Secrets of the 9 Day Short Sale
The 9 Day Short Sale is about selling a house using the 9 Day House Sale, and doing a quick short sale.
A quick short sale should be approved in the time that your buyer is willing to wait, usually 30 - 45 days.
This audio interview I did with Don from Northern Virginia has some important tips on it for influencing the BPO. Don is amazing and is doing 9 Day House Sales one after the other.
Or click to download this conversation
If you want to check out the course that explains to you all about the 9 Day House Sale, and the short sale, and loan mods and even credit card relief, click here for more information on Mortgage Relief Formula Pro Edition, the all time bestselling and newly updated system for real estate investors, agents and brokers.
3 Comments on Influence the BPO: Secrets of the 9 Day Short Sale »
June 17, 2009
jim rodgers @ 12:05 pm:
you guys are missing one huge factor. you dont explain how you are making money doing a short sale. are you just acting as a real estate broker? do you purchase the house youself and then sell at a short sale auction? please explain.
There are three major options. You can act as consultant, getting paid a fee for negotiating short sales. You can get paid a brokerage commission if you have a license as an agent or broker, or you can flip properties, buy and sell, or buy and hold and rent out, as a principal.
warmly
–Richard
Ron @ 3:49 pm:
Hi Richard, my wife and I love your videos. We are realtors and recently moved to a different broker; our old email got shut off too quickly so we did not receive notice of your webinars. How can we get back on your webinar list? My other question goes to a loan mod (mine!). Does the Obama loan mod program use DTI or cash flow to underwrite the loan mod? My interpretation is that it's DTI based, but do they do a cash flow analysis in the underwriting process? I will read your responses here, I didn't want to leave an email address where spammers could get it, I have to change mine all the time because of that. Many thanks again for your great videos. Ron
Hi Ron, thank you for the kind words.
Obama loan mod programs use DTI. They only look at the cost of housing, PITI plus association dues, basically, as a percentage of income. They pay ZERO attention to any other expenses. Which in my opinion is lunatic, but that's another story.
However, many times, borrowers will not qualify and lenders will look at cash flow, that is, monthly income less all monthly expenses including payments and living costs. Countrywide looks at this. And many banks use mathematical models to figure out on an approximate basis what cash flow will be or should be.
Please opt in by visiting http://www.GetLoanModSecrets.org and providing your name and email address.
warmly
–Richard
July 16, 2009
Dion @ 12:06 am:
Richard you know your stuff,you are the real-deal.
Keep that free info comeing!.love the videos
when I make my first deal I am going to invest
with you i love you keep up the good work!