logging in or signing up how to short sell real estate: avoid foreclosure and bankruptcy ForeclosureDataBank Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 10 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: April 25, 2011 This Presentation is Public Favorites: 0 Presentation Description This presentation from ForeclosureDataBank.com is about short sale & selling delinquent properties. Follow simple steps & get rid of mortgage burden immediately. Comments Posting comment... Premium member Presentation Transcript Slide 1: SHORT SALES Short Sell Delinquent Properties & Avoid Foreclosure/Bankruptcy http://www.ForeclosureDataBank.comSlide 2: http://www.ForeclosureDataBank.com We will be looking at What is Short Sales Benefits of Short Sale Procedure for Short Sale SHORT SELL PROPERTY – AVOID BANKRUPTCY/ FORECLOSURESSlide 3: http://www.ForeclosureDataBank.com Short Sales is a process where the lender discounts the current mortgage allowing new buyer to buy the property at a discounted rated directly from the lender and freeing the seller from any outstanding mortgage. WHAT IS SHORT SALESlide 4: http://www.ForeclosureDataBank.com Eliminates all mortgage liabilities Less paperwork Reduces credit points Requires short time to complete Allows buying new property immediately Less monetary obligations compared to foreclosures Can avail short sale while current on mortgage payments BENEFITS OF SHORT SALESSlide 5: http://www.ForeclosureDataBank.com Evaluate market value of property through market analysis Get legal & real estate advise from renowned broker Arrange for relevant documents Find a lender & buyer Follow & Complete lender procedures Strike an agreement with buyer PROCEDURE FOR SHORT SALESlide 6: http://www.ForeclosureDataBank.com 2 years tax return Recent/Last Payroll Slip Hardship Letter Current Mortgage Papers Financial Statement Market Analysis Statement 2 months bank statements HUD-1 preliminary net sheet etc.. GENERAL DOCUMENTS REQUIREDSlide 7: http://www.ForeclosureDataBank.com Most important aspect of Short Sale, where seller makes a case of his/her hardship. An authentic & well-built letter that specifies reasons for not being able to pay mortgage payments and convinces lenders why it is better to short sell the property on discounted rate than foreclosing. HARDSHIP LETTER Hardship LetterSlide 8: http://www.ForeclosureDataBank.com Short Sale is Better than Foreclosure & Filing Bankruptcy Easy and Less Time Consuming Procedure For Prefect Deal Speak to more than 1 Buyer/Lender Provide Genuine Information Research on Procedure, Financial Obligations Prior to Applying SUMMARY You do not have the permission to view this presentation. In order to view it, please contact the author of the presentation.
how to short sell real estate: avoid foreclosure and bankruptcy ForeclosureDataBank Download Post to : URL : Related Presentations : Share Add to Flag Embed Email Send to Blogs and Networks Add to Channel Uploaded from authorPOINT lite Insert YouTube videos in PowerPont slides with aS Desktop Copy embed code: (To copy code, click on the text box) Embed: URL: Thumbnail: WordPress Embed Customize Embed The presentation is successfully added In Your Favorites. Views: 10 Category: Business & Fin.. License: All Rights Reserved Like it (0) Dislike it (0) Added: April 25, 2011 This Presentation is Public Favorites: 0 Presentation Description This presentation from ForeclosureDataBank.com is about short sale & selling delinquent properties. Follow simple steps & get rid of mortgage burden immediately. Comments Posting comment... Premium member Presentation Transcript Slide 1: SHORT SALES Short Sell Delinquent Properties & Avoid Foreclosure/Bankruptcy http://www.ForeclosureDataBank.comSlide 2: http://www.ForeclosureDataBank.com We will be looking at What is Short Sales Benefits of Short Sale Procedure for Short Sale SHORT SELL PROPERTY – AVOID BANKRUPTCY/ FORECLOSURESSlide 3: http://www.ForeclosureDataBank.com Short Sales is a process where the lender discounts the current mortgage allowing new buyer to buy the property at a discounted rated directly from the lender and freeing the seller from any outstanding mortgage. WHAT IS SHORT SALESlide 4: http://www.ForeclosureDataBank.com Eliminates all mortgage liabilities Less paperwork Reduces credit points Requires short time to complete Allows buying new property immediately Less monetary obligations compared to foreclosures Can avail short sale while current on mortgage payments BENEFITS OF SHORT SALESSlide 5: http://www.ForeclosureDataBank.com Evaluate market value of property through market analysis Get legal & real estate advise from renowned broker Arrange for relevant documents Find a lender & buyer Follow & Complete lender procedures Strike an agreement with buyer PROCEDURE FOR SHORT SALESlide 6: http://www.ForeclosureDataBank.com 2 years tax return Recent/Last Payroll Slip Hardship Letter Current Mortgage Papers Financial Statement Market Analysis Statement 2 months bank statements HUD-1 preliminary net sheet etc.. GENERAL DOCUMENTS REQUIREDSlide 7: http://www.ForeclosureDataBank.com Most important aspect of Short Sale, where seller makes a case of his/her hardship. An authentic & well-built letter that specifies reasons for not being able to pay mortgage payments and convinces lenders why it is better to short sell the property on discounted rate than foreclosing. HARDSHIP LETTER Hardship LetterSlide 8: http://www.ForeclosureDataBank.com Short Sale is Better than Foreclosure & Filing Bankruptcy Easy and Less Time Consuming Procedure For Prefect Deal Speak to more than 1 Buyer/Lender Provide Genuine Information Research on Procedure, Financial Obligations Prior to Applying SUMMARY