Here is the cookbook that tells you how to make money listing short sales, selling them in nine days, and getting the lenders to say "yes"..
This information may be the most important you will ever read. Because it tells you how you can make potentially more money than you ever have, in today's falling market.
I know because I hear from people almost every day who are in the real estate business and who are doing extremely well. Better than ever.
My name is Richard Geller and hundreds of agents and professionals just like you have used my information to get listings, do nine day house sales, and get short sales negotiated (even .
In fact, the New York Times quoted me extensively just recently. They also printed a link to this website.
Okay, so let's get to it then. I will make this very simple but even if you already know the material you will find it useful quite quickly.
I'll cover stuff like whether your clients have to be late on their payments, how the 9 day house sale works and much more.
What is a short sale? It's simple
As everyone knows by now, a short sale means that your client owes more than their house is worth.
The sale will bring in money that will only partially pay back the lender
And they can't refinance. They have to move.
In a short sale, you help find a buyer. The buyer brings money in at closing. The buyer's money goes to closing costs and your realtor commission, and the rest goes to the lender.
If they have two lenders, most of the money from the buyer pays the first lender. A little goes to the second lender. The first lender will generally allow this. It's a negotiation that I teach you how to do.
What about credit? Can a client keep good credit and still do a short sale?
Yes. They can. Your real estate client' credit will suffer but not all that much. I have a video I've prepared that answers this and more questions in depth. It's free to watch and I suggest you finish reading this quickly and get to the video.
What are the alternatives if a Realtor client isn't right for a short sale?
They can do a "deed in lieu of foreclosure." But sometimes the lender won't agree. And if they have two mortgages, it is very hard to do a deed in lieu.
They could simply live rent-free and eventually leave when the lender comes to evict them (or they could leave a little before that happens.) If they are completely on the ropes, this may be their best option. In some states they could have a deficiency judgment filed against them.
And what if you can't sell their house?
You can sell practically any house. But you can't use the same techniques as a Realtor that you were using when the market was hot. You can't start high and ladder down. You have to price very low and get multiple offers.
That's right, multiple offers. It is happening for many people. I just got a call from a Mortgage Relief Formula subscriber in Florida who is having incredible months and all his colleagues are scratching their heads wondering what he is doing.
He is following the system, the Mortgage Relief Formula.
Imagine if you could sell a property almost every weekend. A house could be listed and sold in days. And another house. And another house.
I will show you more about this, in a video that you'll watch in just one moment.
I explain how you can sell practically any house often in nine days. When a short sale is do-able and when it isn't. I can't make claims as to what you will earn or how well you can do. But you will feel that you have the right tools, finally.
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