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Foreclosures and Short Sales November 2008

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•
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BillMcMannis

This is my presentation I used in 2008 to train real estate agents in how to properly manage short sales. The material is a little out of date, but I believe is continues to give a concise overview of how the foreclosure process works in North Carolina.

EducationBusinessEconomy & Finance
1 of 70
Foreclosures and Short Sales “Think you own your home? Try missing three payments and you will find out who really owns your home.” John Cummuta, Author Transforming Debt into Wealth
Foreclosures and Short Sales ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Definitions and Background ,[object Object]
Foreclosure ,[object Object],[object Object],[object Object]
Pre-Foreclosure ,[object Object],[object Object]
Sub-Prime Loan ,[object Object]
Short Sale ,[object Object]
Deed of Trust ,[object Object],[object Object]
Substitute Trustee ,[object Object],[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object],[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Foreclosure Process ,[object Object],[object Object]
REO Property ,[object Object],[object Object],[object Object]
BPO: Broker’s Price Opinion ,[object Object],[object Object]
Buncombe County Statistics October 2008 ,[object Object],[object Object]
Myths and Facts ,[object Object],[object Object]
Myths and Facts ,[object Object],[object Object],[object Object]
Myths and Facts ,[object Object],[object Object]
Myths and Facts ,[object Object],[object Object]
Myths and Facts ,[object Object],[object Object]
Myths and Facts ,[object Object],[object Object]
Prospecting Short Sales ,[object Object],[object Object],[object Object],[object Object]
Prospecting ,[object Object],[object Object]
Prospecting ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Register of Deeds ,[object Object],[object Object],[object Object],[object Object],[object Object]
Register of Deeds
Register of Deeds
Register of Deeds
Register of Deeds
Register of Deeds ,[object Object],[object Object],[object Object],[object Object],[object Object]
Register of Deeds ,[object Object],[object Object],[object Object],[object Object]
Register of Deeds
Final Check ,[object Object],[object Object],[object Object]
Contacting the Homeowner ,[object Object],[object Object],[object Object]
The Letter ,[object Object],[object Object],[object Object]
The Bottom Feeder
The Sample Letter
The Sample Letter ,[object Object],[object Object],[object Object],[object Object]
The Four Strategies ,[object Object],[object Object]
The Four Strategies ,[object Object],[object Object]
Is Success Guaranteed? ,[object Object],[object Object],[object Object],[object Object]
How Do I Protect Myself? ,[object Object]
Pricing the Property ,[object Object],[object Object],[object Object],[object Object]
Pricing the Property ,[object Object]
Listing Distressed Properties ,[object Object],[object Object],[object Object]
Listing Distressed Properties ,[object Object],[object Object],[object Object]
Marketing Distressed Properties ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Geldhof Rule for Pricing Properties ,[object Object],[object Object]
Negotiating with Lenders ,[object Object],[object Object]
Documentation Prep ,[object Object]
Documentation Prep ,[object Object],[object Object]
Documentation Prep ,[object Object],[object Object]
Documentation Prep ,[object Object],[object Object],[object Object],[object Object],[object Object]
Talking with the Lender ,[object Object],[object Object],[object Object]
Talking with the Lender ,[object Object],[object Object],[object Object],[object Object]
Talking with the Lender
Following Up With Lender ,[object Object],[object Object],[object Object]
Countrywide ,[object Object],[object Object],[object Object],[object Object]
Following Up with the Lender ,[object Object],[object Object],[object Object],[object Object]
The Lender and The Seller ,[object Object],[object Object],[object Object]
When You Receive An Offer ,[object Object],[object Object]
Accepting an Offer ,[object Object],[object Object],[object Object]
Presenting the Offer to Lender ,[object Object],[object Object],[object Object],[object Object]
Working Towards Close ,[object Object],[object Object],[object Object],[object Object],[object Object]
The Lender and Your Fee ,[object Object],[object Object],[object Object]
Conclusion ,[object Object],[object Object],[object Object]

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