My Short Sale1

[DougBenn]

Well today I got the verbal approval on my first short sale. It took me a total of 45 days to get the banks approval. The negotiator said it was one of the quickest short sales he has done. Everytime they asked for more info I stayed on top of the deal and paper.

There was $305K owed to the bank and I got the approval for $200 minus cost. I have a buyer for $250K :SM086: Working on a few more short sales now.

I must give some props to my fellow "Bear Fan" Jim FL. I read his book (a couple of times) and got some help from him. Used some of the forms he supplies. Jim and his book showed me how to be creative and get the deal done.

[Jim Johnson]

Well today I got the verbal approval on my first short sale. It took me a total of 45 days to get the banks approval. The negotiator said it was one of the quickest short sales he has done. Everytime they asked for more info I stayed on top of the deal and paper.

There was $305K owed to the bank and I got the approval for $200 minus cost. I have a buyer for $250K :SM086: Working on a few more short sales now.

I must give some props to my fellow "Bear Fan" Jim FL. I read his book (a couple of times) and got some help from him. Used some of the forms he supplies. Jim and his book showed me how to be creative and get the deal done.

Great job! Fun to hear how the deals get done...

[Michael Quarles]

If you ever need a Short Sale Utility that does a ton of the paperwork for you...ie. BPO, Hardship, letter to seller. letter to lender. repairs, Balance Sheet, POA, Auths, etc

youre Welcome to use the software I have.... its free

Just use the icon with the arrow and money symbol

http://www.reiu.com/Editor/assets/u1001/aaaaa.PNG

[Debbie]

Congrats Doug!

That's pretty cool toolbar, Michael! Thanx!