Complete Guide To Short Sales And Foreclosures
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Transcript of Complete Guide To Short Sales And Foreclosures
![Page 1: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/1.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
Originally Presented
October 29th, 2008
Presented By:PorchLight Real Estate Services
Presenter:Scott Schang, Broker / President
Contact Information:Phone: 866-667-6724
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A Complete Guide to Buying Foreclosures and Short Sales
Topics We Will Cover In This Class
![Page 3: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/3.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
Topics We Will Cover In This Class
• Overview of California Housing Crisis
![Page 4: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/4.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
Topics We Will Cover In This Class
• Overview of California Housing Crisis
• A Complete Explanation of Short Sales
![Page 5: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/5.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
Topics We Will Cover In This Class
• Overview of California Housing Crisis
• A Complete Explanation of Short Sales
• A Complete Explanation of Foreclosures
![Page 6: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/6.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
Topics We Will Cover In This Class
• Overview of California Housing Crisis
• A Complete Explanation of Short Sales
• A Complete Explanation of Foreclosures
• Tips to Finding the Best Deals and How to Make Strong Offers
![Page 7: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/7.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
The Purpose and Goals of this Class
![Page 8: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/8.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
The Purpose and Goals of this Class
• To Create and Empower Home Owners
![Page 9: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/9.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
The Purpose and Goals of this Class
• To Create and Empower Home Owners
• Identify and Explain the Mistakes of the Past
![Page 10: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/10.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
The Purpose and Goals of this Class
• To Create and Empower Home Owners
• Identify and Explain the Mistakes of the Past
• Educate you about the current California Real Estate market
![Page 11: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/11.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
The Purpose and Goals of this Class
• To Create and Empower Home Owners
• Identify and Explain the Mistakes of the Past
• Educate you about the current California Real Estate market
• Empower you with the ability to make educated decisions in the home buying process
![Page 12: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/12.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
• Questions and Answers
![Page 13: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/13.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
• Questions and Answers– You may type questions in at any time during the
presentation – Questions and Answers Box
![Page 14: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/14.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
• Questions and Answers– You may type questions in at any time during the
presentation – Questions and Answers Box
– I will answer questions live at end of webinar
![Page 15: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/15.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
• Questions and Answers– You may type questions in at any time during the
presentation – Questions and Answers Box
– I will answer questions live at end of webinar
– The only dumb question the one you don’t ask
![Page 16: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/16.jpg)
A Complete Guide to Buying Foreclosures and Short Sales
• Questions and Answers– You may type questions in at any time during the
presentation – Questions and Answers Box
– I will answer questions live at end of webinar
– The only dumb question the one you don’t ask
Let’s Get Started!
![Page 17: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/17.jpg)
Overview of the California Housing Crisis
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Overview of the California Housing Crisis
The Real Estate Market is Cyclical
![Page 19: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/19.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
![Page 20: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/20.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created
![Page 21: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/21.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed
![Page 22: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/22.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
![Page 23: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/23.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income
![Page 24: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/24.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income• No income or asset documentation
![Page 25: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/25.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income• No income or asset documentation
– Everybody’s in on it – appraisers, lenders
![Page 26: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/26.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income• No income or asset documentation
– Everybody’s in on it – appraisers, lenders– Complete disregard for risk management
![Page 27: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/27.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income• No income or asset documentation
– Everybody’s in on it – appraisers, lenders– Complete disregard for risk management – High risk buyers flood market
![Page 28: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/28.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income• No income or asset documentation
– Everybody’s in on it – appraisers, lenders– Complete disregard for risk management – High risk buyers flood market– Property values sky rocket
![Page 29: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/29.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical• What makes this cycle different?
– Sellers market artificially created– Wall Street AND Main Street greed– Availability of creative financing
• No down payment required stated income• No income or asset documentation
– Everybody’s in on it – appraisers, lenders– Complete disregard for risk management – High risk buyers flood market– Property values sky rocket– New home owners strip equity as fast as it
appears
![Page 30: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/30.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?
![Page 31: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/31.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended
![Page 32: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/32.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out
![Page 33: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/33.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly
![Page 34: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/34.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly– Five Alarm fire - Get out FAST
![Page 35: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/35.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly– Five Alarm fire - Get out FAST
• A Buyer’s Market with No Buyers
![Page 36: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/36.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly– Five Alarm fire - Get out FAST
• A Buyer’s Market with No Buyers– Short sales flood the market
![Page 37: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/37.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly– Five Alarm fire - Get out FAST
• A Buyer’s Market with No Buyers– Short sales flood the market– Foreclosures rise rapidly
![Page 38: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/38.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly– Five Alarm fire - Get out FAST
• A Buyer’s Market with No Buyers– Short sales flood the market– Foreclosures rise rapidly– Financing constricts to old reliable
![Page 39: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/39.jpg)
Overview of the California Housing Crisis
The Real Estate Market is Cyclical
• What was the Tipping Point?– Introductory rates / payments ended– Payments jump / Equities maxed out– Mortgage delinquencies rise rapidly– Five Alarm fire - Get out FAST
• A Buyer’s Market with No Buyers– Short sales flood the market– Foreclosures rise rapidly– Financing constricts to old reliable
• 30 year fixed – full documentation only
![Page 40: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/40.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
![Page 41: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/41.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values
![Page 42: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/42.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
![Page 43: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/43.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
• California’s Market – The New Frontier
![Page 44: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/44.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
• California’s Market – The New Frontier – All cash buyers
![Page 45: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/45.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
• California’s Market – The New Frontier – All cash buyers– First time home buyers
![Page 46: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/46.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
• California’s Market – The New Frontier – All cash buyers– First time home buyers
• Majority of homes for sale are distressed
![Page 47: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/47.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
• California’s Market – The New Frontier – All cash buyers– First time home buyers
• Majority of homes for sale are distressed– Short Sales
![Page 48: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/48.jpg)
Overview of the California Housing Crisis
With Adversity comes Opportunity
• Over-correction of housing values– Values drop over 20-50% + State wide
• California’s Market – The New Frontier – All cash buyers– First time home buyers
• Majority of homes for sale are distressed– Short Sales– Foreclosures
![Page 49: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/49.jpg)
A Complete Explanation of Short Sales
![Page 50: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/50.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?
![Page 51: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/51.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner
![Page 52: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/52.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments
![Page 53: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/53.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth
![Page 54: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/54.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure
![Page 55: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/55.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
![Page 56: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/56.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
• What you must know about Short Sales
![Page 57: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/57.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
• What you must know about Short Sales– Sales Price - What you see is NOT what you get
![Page 58: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/58.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
• What you must know about Short Sales– Sales Price - What you see is NOT what you get– Once an offer is submitted –process starts
![Page 59: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/59.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
• What you must know about Short Sales– Sales Price - What you see is NOT what you get– Once an offer is submitted –process starts– Lenders were not prepared for volume
![Page 60: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/60.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
• What you must know about Short Sales– Sales Price - What you see is NOT what you get– Once an offer is submitted –process starts– Lenders were not prepared for volume– Approval process takes 3-6 months or more
![Page 61: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/61.jpg)
A Complete Explanation of Short Sales
• What is a Short Sale?– Seller is current home owner– Seller is usually behind on payments– Seller owes more than home is worth– Seller attempts to sell home to avoid foreclosure– The only way to avoid foreclosure is to start sale
• What you must know about Short Sales– Sales Price - What you see is NOT what you get– Once an offer is submitted –process starts– Lenders were not prepared for volume– Approval process takes 3-6 months or more– Lender will appraise and approve sales price
![Page 62: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/62.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
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A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales
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A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete
![Page 65: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/65.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone
![Page 66: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/66.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone– Want to close FAST
![Page 67: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/67.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone– Want to close FAST– Negotiators are accessible and ready to deal
![Page 68: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/68.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone– Want to close FAST– Negotiators are accessible and ready to deal
• What to offer on a Short Sale
![Page 69: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/69.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone– Want to close FAST– Negotiators are accessible and ready to deal
• What to offer on a Short Sale– Have your agent complete a market analysis
![Page 70: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/70.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone– Want to close FAST– Negotiators are accessible and ready to deal
• What to offer on a Short Sale– Have your agent complete a market analysis– Offer approved short sale price for quick sale
![Page 71: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/71.jpg)
A Complete Explanation of Short Sales
• New short sale opportunity to watch for
• Approved short sales – Approval process complete– Original buyer long gone– Want to close FAST– Negotiators are accessible and ready to deal
• What to offer on a Short Sale– Have your agent complete a market analysis– Offer approved short sale price for quick sale– Costs $60,000 to $70,000 to foreclose - liability
![Page 72: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/72.jpg)
A Complete Explanation of Foreclosures
![Page 73: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/73.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
![Page 74: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/74.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)
![Page 75: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/75.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
![Page 76: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/76.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money
![Page 77: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/77.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes
![Page 78: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/78.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes• Banks may be responsible for upkeep
![Page 79: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/79.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes• Banks may be responsible for upkeep
– Damage to property is very common
![Page 80: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/80.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes• Banks may be responsible for upkeep
– Damage to property is very common• Health and safety issues = No Financing
![Page 81: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/81.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes• Banks may be responsible for upkeep
– Damage to property is very common• Health and safety issues = No Financing• Most REO is sold in “as-is” condition
![Page 82: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/82.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes• Banks may be responsible for upkeep
– Damage to property is very common• Health and safety issues = No Financing• Most REO is sold in “as-is” condition
– No warranty or repairs
![Page 83: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/83.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Foreclosure = REO (Real Estate Owned)– Burden of bank owned real estate is great
• Banks make money by lending money• Banks are responsible for property taxes• Banks may be responsible for upkeep
– Damage to property is very common• Health and safety issues = No Financing• Most REO is sold in “as-is” condition
– No warranty or repairs• Addendum to Purchase Contract
![Page 84: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/84.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity
![Page 85: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/85.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity– Multiple offers – 25 to 30 offers in first week
![Page 86: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/86.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity– Multiple offers – 25 to 30 offers in first week– Some banks requiring homes on market for 7
days before looking at offers
![Page 87: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/87.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity– Multiple offers – 25 to 30 offers in first week– Some banks requiring homes on market for 7
days before looking at offers– Make your highest and best offer regardless of
“listing price”
![Page 88: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/88.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity– Multiple offers – 25 to 30 offers in first week– Some banks requiring homes on market for 7
days before looking at offers– Make your highest and best offer regardless of
“listing price”– Banks ARE paying closing costs
![Page 89: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/89.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity– Multiple offers – 25 to 30 offers in first week– Some banks requiring homes on market for 7
days before looking at offers– Make your highest and best offer regardless of
“listing price”– Banks ARE paying closing costs– Banks MAY pay for some repairs
![Page 90: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/90.jpg)
A Complete Explanation of Foreclosures
• What you need to know if you want to buy a bank owned foreclosure
– Banks listing homes very low to stimulate activity– Multiple offers – 25 to 30 offers in first week– Some banks requiring homes on market for 7
days before looking at offers– Make your highest and best offer regardless of
“listing price”– Banks ARE paying closing costs– Banks MAY pay for some repairs– Be aware of your “Net” offer
![Page 91: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/91.jpg)
Tips to Find the Best Deals and Make Strong Offers
![Page 92: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/92.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented
![Page 93: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/93.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented– Work with a Real Estate Agent that is familiar with
making offers on short sales and foreclosures
![Page 94: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/94.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented– Work with a Real Estate Agent that is familiar with
making offers on short sales and foreclosures– Get pre-approved for the maximum you can
qualify for – Be prepared for competition
![Page 95: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/95.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented– Work with a Real Estate Agent that is familiar with
making offers on short sales and foreclosures– Get pre-approved for the maximum you can
qualify for – Be prepared for competition– Actively search the MLS supplied to you by your
Agent – not syndicated sites
![Page 96: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/96.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented– Work with a Real Estate Agent that is familiar with
making offers on short sales and foreclosures– Get pre-approved for the maximum you can
qualify for – Be prepared for competition– Actively search the MLS supplied to you by your
Agent – not syndicated sites– Move quickly on approved short sales and REOs
![Page 97: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/97.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented– Work with a Real Estate Agent that is familiar with
making offers on short sales and foreclosures– Get pre-approved for the maximum you can
qualify for – Be prepared for competition– Actively search the MLS supplied to you by your
Agent – not syndicated sites– Move quickly on approved short sales and REOs– Have your agent do a comparative market
analysis on homes you make offers on
![Page 98: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/98.jpg)
Tips to Find the Best Deals and Make Strong Offers– Work with a buyer’s agent – Fiduciary duties
require that your best interests are represented– Work with a Real Estate Agent that is familiar with
making offers on short sales and foreclosures– Get pre-approved for the maximum you can
qualify for – Be prepared for competition– Actively search the MLS supplied to you by your
Agent – not syndicated sites– Move quickly on approved short sales and REOs– Have your agent do a comparative market
analysis on homes you make offers on– Make your highest and best offer on REOs
![Page 99: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/99.jpg)
Wrap up and Take Aways
![Page 100: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/100.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
![Page 101: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/101.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
– Short Sales are typically not what they seem and can be a great opportunity if you find approved.
![Page 102: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/102.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
– Short Sales are typically not what they seem and can be a great opportunity if you find approved.
– Be cognizant of damage to distressed properties
![Page 103: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/103.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
– Short Sales are typically not what they seem and can be a great opportunity if you find approved.
– Be cognizant of damage to distressed properties– Make your highest and best offer on REOs
![Page 104: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/104.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
– Short Sales are typically not what they seem and can be a great opportunity if you find approved.
– Be cognizant of damage to distressed properties– Make your highest and best offer on REOs– Work with an experienced and qualified buyer’s
agent – Someone on your side!
![Page 105: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/105.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
– Short Sales are typically not what they seem and can be a great opportunity if you find approved.
– Be cognizant of damage to distressed properties– Make your highest and best offer on REOs– Work with an experienced and qualified buyer’s
agent – Someone on your side!– Get Pre-Approved for financing
![Page 106: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/106.jpg)
Wrap up and Take Aways
– Home prices have dropped 20-50%+ and homes are twice as affordable as they were 2 or 3 years ago - Right place and the right time to buy
– Short Sales are typically not what they seem and can be a great opportunity if you find approved.
– Be cognizant of damage to distressed properties– Make your highest and best offer on REOs– Work with an experienced and qualified buyer’s
agent – Someone on your side!– Get Pre-Approved for financing– Know the maximum you can qualify for – Be
prepared for competition
![Page 107: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/107.jpg)
Wrap up and Take Aways
– We are the Lender for all CalSTRS, CalPERS, CalHFA, FHA & VA, Conventional and Jumbo Loans.
![Page 108: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/108.jpg)
Wrap up and Take Aways
– We are the Lender for all CalSTRS, CalPERS, CalHFA, FHA & VA, Conventional and Jumbo Loans.
– We can Refer you to a qualified Real Estate Agent in your area
![Page 109: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/109.jpg)
Wrap up and Take Aways
– We are the Lender for all CalSTRS, CalPERS, CalHFA, FHA & VA, Conventional and Jumbo Loans.
– We can Refer you to a qualified Real Estate Agent in your area
– We are more than happy to be your “second opinion” if you are already working with someone
![Page 110: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/110.jpg)
Wrap up and Take Aways
– We are the Lender for all CalSTRS, CalPERS, CalHFA, FHA & VA, Conventional and Jumbo Loans.
– We can Refer you to a qualified Real Estate Agent in your area
– We are more than happy to be your “second opinion” if you are already working with someone
– We are committed to educating and empowering homeowners
![Page 111: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/111.jpg)
Wrap up and Take Aways
– We are the Lender for all CalSTRS, CalPERS, CalHFA, FHA & VA, Conventional and Jumbo Loans.
– We can Refer you to a qualified Real Estate Agent in your area
– We are more than happy to be your “second opinion” if you are already working with someone
– We are committed to educating and empowering homeowners
– Please sign up for our Newsletter
![Page 112: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/112.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
![Page 113: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/113.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
– Valuable links to get you started and in this market, fully prepared with a good team
![Page 114: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/114.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
– Valuable links to get you started and in this market, fully prepared with a good team
• Secure online application for loan approval
![Page 115: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/115.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
– Valuable links to get you started and in this market, fully prepared with a good team
• Secure online application for loan approval• Qualified Real Estate Agent referral request
![Page 116: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/116.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
– Valuable links to get you started and in this market, fully prepared with a good team
• Secure online application for loan approval• Qualified Real Estate Agent referral request• Dream home finder
![Page 117: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/117.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
– Valuable links to get you started and in this market, fully prepared with a good team
• Secure online application for loan approval• Qualified Real Estate Agent referral request• Dream home finder
– Links to Education and Web Classes Pages
![Page 118: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/118.jpg)
Wrap up and Take Aways
– You will receive a “Thank You” email that will include all of our contact information for questions
– Valuable links to get you started and in this market, fully prepared with a good team
• Secure online application for loan approval• Qualified Real Estate Agent referral request• Dream home finder
– Links to Education and Web Classes Pages
– Check back often for updates to Education page and YouTube videos
![Page 119: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/119.jpg)
Schedule a Live Home Buyer Workshop
• Low Down and No Down Payment Purchase Programs
• What you need to know about short sales and foreclosures
• What you need to know about finding and retaining an Agent
• Tips and hints for making offers and getting them accepted
• Ask the Experts Q & A • Local Real Estate Agents and Lender familiar with
teacher programs
• For more info: [email protected]
![Page 120: Complete Guide To Short Sales And Foreclosures](https://reader031.fdocuments.us/reader031/viewer/2022013011/554e025db4c90597278b4c01/html5/thumbnails/120.jpg)
Thank you for Attending
Please make suggestions and recommendations for future on-line class topics
Presented By:PorchLight Real Estate Services
Presenter:Scott Schang, Broker / President
Contact Information:Phone: 866-667-6724