All Discussions Tagged 'tips' - Short Sale Superstars2024-03-29T11:24:55Zhttps://shortsalesuperstars.com/forum/topic/listForTag?tag=tips&feed=yes&xn_auth=noGET PUBLISHED BY Short Sale Super STARStag:shortsalesuperstars.com,2017-02-02:3468065:Topic:3841462017-02-02T23:26:18.309ZBrett Goldsmithhttps://shortsalesuperstars.com/profile/BrettGoldsmith
<p><strong>Hello Short Sale Superstars!</strong></p>
<p><strong>We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST Short Sale Survival Tips and so does the world!!! Only Ten will be accepted so make them juicy and powerful. Please read the directions and details below. If you’re tip is accepted your full name, city and state will be listed below your TIP as a contributor.</strong></p>
<p><strong>This will be a free survival guide for…</strong></p>
<p><strong>Hello Short Sale Superstars!</strong></p>
<p><strong>We are set to release a Short Sale Super Star Survival Guide and we want your Tips; We want to know your BEST Short Sale Survival Tips and so does the world!!! Only Ten will be accepted so make them juicy and powerful. Please read the directions and details below. If you’re tip is accepted your full name, city and state will be listed below your TIP as a contributor.</strong></p>
<p><strong>This will be a free survival guide for Investors, Homeowners, Agents and any other real estate professionals nationwide!</strong></p>
<p><strong> </strong></p>
<p><strong>Step by step instructions to enter:</strong></p>
<p><strong>1. Limit the title of your tip to 140 characters and that the explanation of the tip is ideally between 150-250 words. </strong></p>
<p><strong>2. You may email the tip as well if you’d like to <a href="mailto:info@shortsalesuperstars.com">info@shortsalesuperstars.com</a> </strong></p>
<p><strong> </strong></p>
<p><strong>Thank you all in advance for volunteering to share your experience. Please reach out if you have any questions to 1-888-664-6964.</strong></p> Is Selling The Short Sale To The Tenant A Good Idea?tag:shortsalesuperstars.com,2012-08-23:3468065:Topic:2612162012-08-23T11:14:39.545ZBryant Tutashttps://shortsalesuperstars.com/profile/bryanttutas
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;"><span style="font-size: 19px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">I…</span></p>
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<p style="margin-top: 0pt; margin-bottom: 0pt; text-align: justify;"><span style="font-size: 19px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">I</span><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">n my opinion</span><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">.....no...it’s not.</span></p>
<p style="text-align: justify;"><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">And here’s why.</span> <span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">The Lenders want as much money as possible for the property. They want the property exposed on the open market to attract a Buyer at the highest price possible. They want it to be an “Arm’s Length Transaction”. The Landlord (Seller/borrower) and the Tenant have a “business relationship”. In direct conflict with most “Arm’s Length Transaction Affidavits” they “Share a business interest”.</span></p>
<p style="text-align: justify;"><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">Now folks, I know there are exceptions.</span> <span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">I know that some lenders in some cases will allow the Tenant to purchase the property. But what’s the advantage to the Seller? I can’t think of any. To me it’s just an easy fix to try and soothe a Tenant that doesn’t want to move.</span></p>
<p style="text-align: justify;"><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">And it’s risky.</span> <span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">What if the Seller spends several months trying to have this exception approved by the Lender only to have the Short Sale denied over it? Now they have just wasted good time that could have been spent finding an “Arm’s Length” Buyer.</span></p>
<p style="text-align: justify;"><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">Recently I had a Seller who was being pressured</span> <span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">so hard by the Tenant to sell her the house that the Seller almost cancelled the listing over it. The Tenant who is staying in the property, at a reduced rent, is telling the Seller that the price doesn’t matter and that the Lender will have no problem with it and blah blah blah. The main problem is that the Tenant can’t afford the property and is trying to pressure the Seller into accepting a offer that will cost the Lender about $25,000. This is EXACTLY why Lenders do not want the Seller to sell the house to the Tenant.</span></p>
<p style="text-align: justify;"><span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">This particular Short Sale</span> <span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">is a</span> <a href="http://centralfloridashortsales.com/post/2542385/bank-of-america-now-offering-up-to-20-000-for-florida-short-sales"><span style="font-size: 16px; font-family: Arial; color: #1155cc; background-color: transparent; font-weight: bold; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">Bank of America Florida Enhanced Co-op Short Sale.</span></a> <span style="font-size: 16px; font-family: Arial; color: #000000; background-color: transparent; font-weight: normal; font-style: normal; font-variant: normal; text-decoration: none; vertical-align: baseline;">It gives the Seller a full “Waiver of Deficiency” and is paying the Seller more than $10,000. Because of these great incentives Bank of America gets to control the price and wants an “Arm’s Length Transaction”. Isn’t that fair? I think so and I’m glad the Seller finally agreed.<br/></span></p>
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