TGIF
Well, folks, it’s been a great week.
Hectic, but great! We had an awesome
webinar and I got to hear a lot of new
and interesting ideas. I think this
last push till New Years is going to
be incredible. But first, the weekend.
Now’s your chance to relax, put your
feet up, and catch up on some reading.
Your first stop should be my other
blog posts where you’ll get some great info from
my latest posts (and read one of the
funniest bits on the current banking
crisis from my good buddy Neil, check
out the Thanksgiving edition!)
Meanwhile, if you’ve been watching the
news lately, you know that the Treasury
Dept. has been putting in place loads
new legislation meant to streamline
the short sale process. Before you
even hear the details, that alone should
convince you that short selling is THE
market to be in right now. Not only
is it the key to financial recovery,
it’s going to make us all a TON of
money.
Essentially, everyone and his mother
are scared because they’re facing
foreclosure. The government aid and
loan modification programs haven’t
been working fast enough to keep
up with the pace of faulty loans, so
they’ve finally admitted that
individual short sale experts are the
way to go. And that’s where you come
in.
Here are the basic new incentives.
Mortgage servicers will have 10 days
to accept a short sale request. After
the transaction is complete, the
borrower can be completely released
from debt. Financial incentives will
be provided to borrowers selling their
home through a short sale. Mortgage-
servicing companies completing short
sale transactions will also be given
incentives. The program also facilitates
the transfer of ownership by a borrower
through a “deed in lieu of foreclosure.”
Keep it tuned right here to find out
more about these programs. Or better yet,
get out there and start selling!
Have a great weekend!
