Hi folks. As you know we just had our 1st contest at
www.ShortSaleSuperStars.com.
You can read about it here.
We made a couple of changes as we went along. Hey...we own the site and can do what we want :) The first change we made was Wendy and I asked our site moderator,
Jeff P…
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Added by Bryant Tutas on January 11, 2010 at 4:57pm —
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Why do I want to do Short Sales?
“Short Sales” is my favorite, I enjoy it and it’s a passion to help people on real estate distress, one of my greatest satisfactions is when everything was accomplished, I will tell you why:
I enjoy and feel full of satisfaction when people say to me from its heart how grateful they’re with two single magic words “Thank you” that means a lot, means you did something good t…
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Added by Ray Saenz on January 8, 2010 at 12:00am —
5 Comments
Why Do I Do Short Sales?
A few years ago, the discussions around real estate were two fold: either the bubble is going to burst or you better get in before you can't afford to buy.
In Orange County, California, our prices sky rocketed between 2001 and 2007, increasing in double digits for several years running. They always say that what goes up must come down, and so it was with the Orange County real estate market.
But, I don't think many would have believed how hard it could fall. The media…
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Added by Christine Donovan on January 7, 2010 at 8:13pm —
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Apologies in advance for answering both questions in this contest...but I just couldn't help it :)
Banks
1. The banks should keep a database of agents who are very good at submitting an excellent package.
2. When you submit a new package, they would refer to their database and see immediately that you know your stuff.
3. They should create a concierge group (like B of A - they did get that right, folks) and move your file up to top drawer status.
Agents:
1. Listing agents should know how t…
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Added by Pattilynn Guilford on January 7, 2010 at 6:45pm —
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Hmmm....my reasons for doing short sales have changed over the last 2 years. In the beginning, I saw a world of hurt descending on people I knew. I wanted to help them from financial distress and save them from foreclosure.
I was also hopeful that moving inventory would cause builders to start building again, thereby creating jobs for construction workers, plumbers, electricians and the like and breathing life back into our economy.
Over the years and many successful short sale closings, I hav…
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Added by Pattilynn Guilford on January 7, 2010 at 6:34pm —
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I want to be SUCCESSFUL at
Short Sales because I WANT TO BE PART OF THE SOLUTION for all of us: distressed home owners, neighborhoods and the economy.
Short Sales are less detrimental to everyone.
Both Sellers, and Buyers, need Real Estate Agents educated in the
Short Sale process, trial and error experiences are not enough. We must understand the expectations of the Lenders and meet them.
Sellers need to know there is another solution, other than foreclosure. They need to know…
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Added by Margaret C. Taylor on January 7, 2010 at 11:46am —
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What can be done to help make the Short Sale process run smoother?
Well... a couple of things:
Agents Seller and Buyer should set expectations of seller and buyer up-front that a short sale refers to the lender approving the seller's contract to sell their property for less than what's owed. It does not refer to any sort of time frame. Some short sales take longer than others.
Sellers should consult with an attorney up front as to the legal ramifications as opposed to waiting until the lender…
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Added by Makoto Sato on January 6, 2010 at 11:45pm —
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Short Sales- A Niche Like No Other!
Why would you ever want to do a short sale? Agents ask us this question often. Then the next question is, “How do you still have a smile on your face after working in Short Sales all day long?”
The answer is quite simple. Your heart is warmed when you see the sigh of relief on a stressed out homeowner’s face who has been biting their nails every day as the court date for their foreclosure is coming up fast.
Your heart is warmed when the seller who had absol…
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Added by Katerina Gasset on January 6, 2010 at 9:00pm —
5 Comments

I know, I know, anyone reading this has got to be saying...yeah right..a painless short sale? But it is true that a short sale can be painless provided that rules are followed and a few tools are used.
One of the most important rules that I impliment is that my sellers are in the game. I explain that at times…
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Added by Tammy Davis on January 6, 2010 at 3:04pm —
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I would like to say that this is my own idea, however, I would like to share with you the information I received at a meeting yesterday with a Short Sale Manager from Wachovia Bank. This news is exciting for short sale agents and I am hoping that other banks will follow Wachovia's lead as it will greatly reduce the time frames and headaches for the current process!
Wachovia Bank / World Savings Bank is now sending out informational letters as well as pre-approved short letters to clients to sel…
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Added by debbie rumsey on January 6, 2010 at 12:05pm —
6 Comments
First things first, I'm a new agent. I have no insights into how things can be improved with shorts sales, so if you're after learning about the newest in mouse traps--- just move along. Nothing to see here. That's right folks. Giddy-up. Don't even slow down.
So, from the perspective of a total noob, here I am. In all my glory, feather boa and all.
Why do I want to do Short Sales? Hmmmm.... the question o…
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Added by Rebecca Fisher on January 6, 2010 at 11:05am —
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I believe that Lenders are working diligently to streamline the process and that through consistent training and information resources such as Short Sale Superstars, that agents can become and remain educated on the process. Training. Training. Training. But it doesn't stop there. To make a smoother short sale, I recommend that agents inform their seller of what to expect from them and what they can expect from the agent and the short sale process. Getting a COMPLETE and QUALITY short sale packa…
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Added by Chad Ackerson on January 6, 2010 at 10:57am —
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I have heard it said that
FEAR is the great motivator.
My experience has been that fear can cause homeowners to become professional
AVOIDERS. Dodge the phone, leave the mail unopened, don't answer the door. And, I totally understand that fear and motivation to stick your head in the sand. I have been in financial trouble, and even faced foreclosure. When my daughter was born and needed a lengthy ICU stay, I thought it would bankrupt my family. We had massive medical debt…
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Added by Stephanie Jarman on January 6, 2010 at 10:30am —
4 Comments
Contest Entry
When I became a Realtor three years ago, it was after nearly 30 years in a variety of sales and marketing functions.
It is my firm conviction that Sales is a noble profession. People often roll their eyes at me when I say that. They are, clearly recalling some experience they have had with a slimy salesperson who was focused only making the sale at all costs with no regard to the needs of t…
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Added by Rick Schwartz on January 6, 2010 at 10:30am —
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I think if you do short sales you will hate banks.
So I chose to quote a famous bank robber of why do short sales.
William "Willie" Sutton (June 30, 1901 - November 2, 1980) was a prolific U.S. bank robber.
Sutton was an accomplished bank robber. He usually carried a pistol or a Thompson submachine gun. "You can't rob a bank on charm and personality," he once observed. In an interview in the Reader's Digest published shortly before his death, Sutton was asked if the guns that he used in robber…
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Added by Jim Whatley on January 3, 2010 at 5:10pm —
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Why do I want to do shortsales?
That’s quite a question.
I want to be the best that I can be to help the client, to do what’s right for them, and also to succeed in this business. I believe that learning the entire process of short sales and becoming an expert on how to do them will not only gain me tremendous experience, but will help homeowners who need an objective, and skilled agent in the coming years.
I’m relatively new in Real Estate (received my license in February 2009). I have used…
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Added by Susan E. Wood on January 1, 2010 at 8:15pm —
2 Comments
Banks should hire seasoned agents as consultants to train bank personnel from the ground up. Cross train to ensure everyone is on board, especially when people go on vacation or change departments or move on to other banks. Out-of-state banks need to stop thinking properties are worth much more than they are by holding out for that ‘perfect offer’ that will never come. A universal short sale form packet should be designed for all banks to use – no more than 5 pages. Give a deadline of no more th…
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Added by Wanda Kubat-Nerdin on December 31, 2009 at 7:55pm —
2 Comments
Hi folks. What better way to bring in the New Year than to have a contest.
Wendy and I have been thinking of some ways to give back next year. As you know, both of us have a passion for Short Sales. We LOVE helping folks avoid foreclosure. So we've decided to have a contest and give away some goodies!!
…
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Added by Bryant Tutas on December 31, 2009 at 5:50pm —
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