| COURSE CONTENT / Table of
Contents |
The following are the topics covered
in the: MASTERING SHORT SALES FOR MEGA-PROFT HOME STUDY
COURSE, and also covered in both the Bootcamp and the
Group coaching.
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INTRODUCTION
GETTING PREPARED FOR SHORT SALES
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- SECTION 1
SHORT SALE ZEN
* What It Takes To Do Short Sales
* Short Sales The Old [Hard] Way And The New [Easy] Way
* Short Sales And Zen, Huh???
* Six Principles And Lessons Of Zen
* Mind-Set…Glass Half Empty Or Half Full
* It’s All In How You Approach Short Sales
* Short Sale Advantages For Agents And Investors
- SECTION 2 THE PROCESS
* Begin
* What Is A Short Sale?
* Simple Overview Of The Short Sale Process
* Step By-Step Procedure For Handling The Short Sale Transaction
* Developing Your Team
- SECTION 3 LENDER DEALINGS
* Who Qualifies For A Short Sale?
* When Does A Short Sale Make Sense To All Parties?
* Why Would Lenders Do A Short Sale?
* Dealing With Lenders
* The Lender As The Approving Entity Only
- SECTION 4 LEADS AND
ALLIANCES
* Finding Leads
* Organizing Leads And Follow-Up
* Mind-Set Of Service To The Homeowner
* Agent And Investor Roles In The Short Sale Process
* Agent Vs. Investor Tug-Of-War Which Is Better For The Homeowner?
* Powerful Alliance Of The Agent/Investor Team
- SECTION 5 WORKING WITH THE
HOMEOWNER
* The Initial Phone Call
* When The Prospect Is Not Ready
* Detailed Call Info Gathering
* Going For The Appointment
- SECTION 6 THE
APPOINTMENT
* Preparing For The Appointment
* The Paperwork
* Explaining The Benefits Of A Short Sale To A Seller
* Explaining The Short Sale Process To The Seller
* At The Appointment
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SECTION 7 - MARKETING THE
LISTING/MAKING THE OFFER
*
Setting The Listing Price
* Calculating The Offer Price (For The Investor)
* How To Market A Short Sale Listing (For Agents)
* When The Property Is Under Contract
- SECTION 8 - THE PACKAGE
* Preparing The Short Sale Package
* What Goes In The Short Sale Package?
* The HUD-1
* Sending The Short Sale Package
* Package Sent, Now What?
- SECTION 9-APPRIASAL/BPO
* What Is Really Happening At The Bank?
* The Appraisal/BPO
- SECTION 10-LENDER
NEGOTIATION
* Negotiating The Deal
* Negotiations Begins
* Where Did The Appraisal Come In/Counter Is Appraisal Price
* Challenging The Appraisal/ Bpo
* Your Counter Offer
* Stopping The Foreclosure Auction
* Additional Liens, Loans And Judgments
* Title Issues
- SECTION 11 - CLOSING
* The Approval
* Investor Exit Strategies
* Funding Your Short Sales Transactions
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SECTION 12 - AFTER THE
SALE
* What If Your Buyer Walks Away?
* Tax/Debt Ramifications After The Short Sale
* Credit Consequences Of A Short Sale
* Helping The Seller Move
* Unsuccessful Short Sales..It Happens
- SECTION
13 - RESOURCES
* ADDITIONAL SUPPORT
* GLOSSARY
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