Luxury Short Sale Business

Here a quick shout out to say HAPPY NEW YEAR! I’m committed to making 2010 your best year ever in realestate.Are you committed to making it your best year ever? If you are, I’ll see you at my VSSI Live Event in LosAngeles, Jan 28th-31st.

On Sunday night’s webinar, we’ll be dissecting the LuxuryShort Sale business by examining 5 recent closings to showyou the inner workings of the deals. One of my top studentswill show you how he’s doing these deals with no cash in thedeals and without using his credit to bu'y them. He doesn’t need bank financing to do these deals becausehe’s using transactional funding that we provide for you asa DC Fawcett member.



We provide funding for deals for all ofour VIP PLUS, GOLD and PLATINUM members. You don’t have any excuses anymore. We do most of the workfor you and provide the funding for you and we’ll show youhow its done Sunday night. Nothing will be sold on thiswebinar. It’s 100% training. Happy New Years!Here are some of the components of the deal that we willtalk about in the case studies: How we found the dealsHow much was owed and what it was discounted to Why the deal made it past our prescreening requirementsHow many BPO’s the lender did and how we handled them toget the lowest possible BPO’s possible What we did to the home (if anything) to get it ready tosell

How we sold the deal and how we found the buyer (you’ll besurprised to see that most of the deals sold with multipleoffers on the table)Get on the call Sunday night.Register Here:https://www2.gotomeeting.com/register/413783939Talk to You Sunday night, DCPS. I almost forgot to include the questions of the day. Dick asks: Is there a rerun of the webinar that went overall the possible mistake when putting together a short salelender's package? It was a great session!D.C.: Dick, that’s for the compliment. I put 110% into thetrainings and I’m happy you thought it was great. We do nothave reruns of our live webinars. You’ll need to attend themlive. This particular one you are referring to will berevised, updated and presented at the VSSI Live event andyou can catch it there.

I look forward to hanging out withyou in LA. Steve asks: Whose name does the deal go in while the shortis being pre-negotiated? Also,is there any earnest moneythat the bank wants to see while pre-negotiating? After thebank ok's the short sale how much time is given to find theend purchaser?D.C.: The buyer’s name on the A-B contract forpre-negotiating goes in the name of you or your company.

Some banks do not like company names because they don’t likeinvestors. Go figure. We are the people that are liquidatingall of their foreclosures. For that reason, I don’t put a company name on my contract.I use my name followed by as agent or member. You may beasking yourself, “I’m not a real estate agent. Why do I putas agent?” You are agent or member of your company. Why do we use member?

Because some banks (like Wells Fargo)does not allow “as agent” so we just use “your name, member”because you are a member of your LLC or corporation. That isthe best way to present your offer for pre-negotiating yourshort sales. That little tip will get you a lot more dealsapproved.

Happy New Years, Steve. Get even more tips on Sunday night.