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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Re: short sale stats Posted by CC in OC on April 22, 2009 at 9:09 AM In Reply to: Re: short sale stats posted by JK (the other JK) on April 21, 2009 at 9:12 PM In my opinion, JK--even though he sometimes behaves like a jack azz--is correct: short sale is the best possible outcome for a defaulting homeowner. SS will allow him/her the opportunity, should s/he decide to take it, to purchase another house with institutional financing in two years vs. five years for foreclosure. https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf The investor can outsource the task of negotiating the short sale. There are several companies that do this for 50% of the profit spread. Since it costs you nothing to fill out the paperwork for the homeowner, then turn the rest of the process over to a SS negotiator, many investors see SS as a growth industry, particularly the luxury home market. Here's an example of a company that will negotiate the SS, fund the A-B transaction, and line up the C buyer, for 50% of the profit. www.yourJK.com (no relationship to the poster who thinks that anyone who frequently disagrees with him is a "troll.") Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : In my opinion, JK--even though he sometimes behaves like a jack azz--is correct: short sale is the best possible outcome for a defaulting homeowner. SS will allow him/her the opportunity, should s/he decide to take it, to purchase another house with institutional financing in two years vs. five years for foreclosure. : https://www.efanniemae.com/sf/guides/ssg/annltrs/pdf/2008/0816.pdf : The investor can outsource the task of negotiating the short sale. There are several companies that do this for 50% of the profit spread. Since it costs you nothing to fill out the paperwork for the homeowner, then turn the rest of the process over to a SS negotiator, many investors see SS as a growth industry, particularly the luxury home market. Here's an example of a company that will negotiate the SS, fund the A-B transaction, and line up the C buyer, for 50% of the profit. : www.yourJK.com (no relationship to the poster who thinks that anyone who frequently disagrees with him is a "troll.") [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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