Real Estate Marketing – What is a Short Sale and How to Negotiate to Stop Foreclosure? – Part 2

RealEstateMarketingThisWeek.com – Real Estate Marketing – What is a Short Sale? – Short Sale experts discuss How to Negotiate to Stop a Foreclosure… Produced by Dan Havey of Real Estate Marketing This Week Part 2 – Were just going to go ahead if we could and just jump right into the short sale information. Jeri, again thank you so much for taking the time to be with us. What is the name of your firm? Our group is Dream Vesting Group and our brokerage is Keller Williams Arizona Realty. So that is great, licensed agents with Keller Williams and I know the two of you and I know of your history and we will talk a little bit more about that, but you have been working together for awhile. You and I had a chance to speak about the short sales and your success rate, very, very impressive proven results always helps. So the natural first question for those that are listening today. What is a short sale exactly? A short sale is a property sale where the bank or lender agrees to accept less than what is owed to them. So the bank is agreeing to take a loss on the sale of your property, and I like what you said earlier about not trusting a loan modification or a short sale to just anybody, you definitely dont want to be the guinea pig and you dont want to approach the bank yourself and ask them to please take a loss because you need to sell your home. And that is one of the things that is funny nowadays. I know people have seen them pop up all over the town, the ugly yellow bill
Video Rating: 5 / 5

9 Comments/Reviews

  • Bert Daniel says:

    Great video talking about short sale. People should be aware of this information when planning to sell their homes. But how would you encourage the bank to take the lost?

  • 3ricky13 says:

    Brokers like you are ruining the home equity market values. In the past you would be sued and loose for triple damages because of what you do. No one should list any home for less than what is owed the Bank.

  • Dan Havey says:

    – So let me get this straight. If the Bank approves the home being listed below what is owed, and then they accept an offer from a buyer to buy the home for less than what is owed the bank, and if the bank then forgives the debt owed to the bank, you’re saying that the Real Estate Agent should be sued for facilitating the transaction? Who exactly should they be sued by? The Lender who approved the transaction and gladly welcomed the short sale vs having to foreclose?

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