Successful 9 Day House Sales
The 9 Day House Sale and Short Sales
This video has some important information about how the 9 Day House Sale can work in terms of short sales and short sale flipping
The 9 Day House Sale can transform your life if you are a real estate agent or broker, or a multiple property investor.
Simply: imagine that you can sell a house a full market price every weekend. Further, imagine that ten or twenty people a week are approaching you to buy or sell their house. And every deal means either a full 5% commish, or 10% or 15% if you are a principal flipping short sales.
The 9 Day House Sale is not difficult. This video explains it with a special wrinkle on how you may be able to do one every weekend and not make just a few bucks, or get out from under…but make 10%, 15% or even 20%, with little or no risk.
Now, click here for a video showing you how to do loan mods, short sales, 9 Day House Sales, settle credit card debt, and buy with no money and no credit.
Click for more information on short sales, loan mods, and 9 day house sales…and more
5 Comments on Successful 9 Day House Sales »
ellliott @ 6:59 pm:
9 day house sale wanted how do I get it?
Order 9 Day House Sale
Ethel Phelan @ 5:45 pm:
HI, Richard - Would like your comment on this situation:My client bought another property for his brother who just relocated and without credit. The brother had a decent job and salary and was never late for one and a half years. His income went down from 1300 per week to 700 as salary.He stopped payment. Now the house is on foreclosure, appraised 60K less than when he bought it. Good news is that the brother changed income from salary to by hour payment and income went up to more than $1300/mo. His brother can now pay again. He asked me to do loan mod and transfer now in the brother's name. The lender is aware of the situation.Countrywide does not negotiate well. any suggestion? I am tempted to transfer the title to me, and the brother becomes my tenant, in a year we can make him as the buyer - please comment. Thanks.
Transferring title by itself won't change liability or credit situations. Maybe a short sale might be better to a third party and be done with it?
warmly
–Richard
john howard @ 4:04 am:
Thank you Richard, what are the usual odds or obstacles inherent or ability to avoid the lendor coming after the owner for a short sale deficit? what about a commercial loan short sale these days? what about the deficit on that? corp bankruptcy if it occurs? john
Is there a personal guarantee (PG)? If so, then it is a matter of showing the lender that you don't have the finances to pay back more than a certain percentage over a long period of time. You sign a settlement agreement including a personal note for this deficiency.
If there is no PG, you can do either a corporate chapter 7, or even better, an assignment for benefit of creditors (ABC). This is quick and much less expensive than bankruptcy and can be equally effective. Everything gets sold off by a trustee and distributed to creditors and that's the end of that.
warmly
–Richard
dan @ 2:30 am:
Hi Richard, I am a Jr in college and I can see that this is the time to get involved in real estate. With regards to short-selling on pre-foreclosure properties, do you think it is possible for a student like me with a limited income to accomplish a short-sale on a pre-foreclosured home? Am I kidding myself? I am in the middle of researching this topic and it seems entirely possible. I suppose the real question I am asking is what is the minimum amount of capital one would need to accomplish a successful short-sale? Do I need a $100,000 do I need $50,000? A truthful response with no bull is all I would ever expect, Thank you
Joanne @ 1:15 pm:
I have a couple of questions one concerning my situation and the other a man I care give for. My situation is concerning a rental I walked away from. The property management after a year and a half sent me an enormous bill of 10,580 in late fees acumelated they claimed I owed since I moved in. Can they persue me and sue for that? Second situation. the gentleman Has got a retirement and disability as income. He has a house htat was a remodle fix up when purchased. Now he is 1200 a month payment and upside down 30,000 and wants to walk away. What is his liability?He has tried to do a deal with the mortgage company to lower payments to no avail. Contacted every realtor to help do a short sale to no avail.