A short sale occurs when a home is sold for less than the outstanding amount of the mortgage, and the lender agrees to accept the proceeds as payment in full to avoid foreclosure. To qualify for a short sale, the homeowner must prove financial hardship and that the home is worth less than the mortgage. While a short sale may impact the homeowner's credit for a few years, it typically has a less severe impact than foreclosure. The homeowner must work closely with their lender and real estate agent to prepare the necessary documents and get lender approval before listing the home as a short sale.
This is a voice over of a PowerPoint presentation we did at the seminar we did for distressed homeowners in our Edmond Oklahoma office. We discussed all the options for avoiding foreclosure in the Oklahoma City area with more information that is available at our short sale website, www.avoidforeclosureoklahoma.com.
Rob Rosa & Rubicon Crossings - Short Sale listing review for clientRob Rosa
Learn the basics of what is needed and expected for a short sale in CT. Every step of the way is documented and we can help you get the documents together that you will need to share with the banks and get an approval.
what is a short sale, why do lenders consider short sales, the short sale process, short sale documents, financial effects of a short sale, short sale case studies, short sale benefits and what we do
This slide hopefully will help homeowners who are distressed with their mortgage can find useful information. Our experienced short sale team can provide valuable information to help homeowners understand their options to avoiding foreclosure.
Reprinted from REALTOR® Magazine(RealtorMag.Realtor.org) with permission of the NATIONAL ASSOCIATION OF REALTORS®.
Copyright 2008. All rights reserved.
This is a Very Detailed Listing Presentation about the Short Selling Process and Why it is important to proceed with a knowledgeable agent when faced with a mortgage you can no longer afford. If you want to meet with us on a personal level, please contact us at American Way Real Estate 407-701-7416. Mention Facebook and we will give you a $100 gift certificate that you can redeem for cash at closing. Have a blessed day.
This is a voice over of a PowerPoint presentation we did at the seminar we did for distressed homeowners in our Edmond Oklahoma office. We discussed all the options for avoiding foreclosure in the Oklahoma City area with more information that is available at our short sale website, www.avoidforeclosureoklahoma.com.
Rob Rosa & Rubicon Crossings - Short Sale listing review for clientRob Rosa
Learn the basics of what is needed and expected for a short sale in CT. Every step of the way is documented and we can help you get the documents together that you will need to share with the banks and get an approval.
what is a short sale, why do lenders consider short sales, the short sale process, short sale documents, financial effects of a short sale, short sale case studies, short sale benefits and what we do
This slide hopefully will help homeowners who are distressed with their mortgage can find useful information. Our experienced short sale team can provide valuable information to help homeowners understand their options to avoiding foreclosure.
Reprinted from REALTOR® Magazine(RealtorMag.Realtor.org) with permission of the NATIONAL ASSOCIATION OF REALTORS®.
Copyright 2008. All rights reserved.
This is a Very Detailed Listing Presentation about the Short Selling Process and Why it is important to proceed with a knowledgeable agent when faced with a mortgage you can no longer afford. If you want to meet with us on a personal level, please contact us at American Way Real Estate 407-701-7416. Mention Facebook and we will give you a $100 gift certificate that you can redeem for cash at closing. Have a blessed day.
The purpose of this presentation is to show, Realtors and Investors, why working with us on your short sale properties is extremely beneficial. We are a preferred investor with the majority of lenders and have direct contacts to expidite the process.
What is a Short Sale?
Have you already defaulted?
What Options are available?
Do you fear defaulting on your Mortgage?
LEARN your options from professionals in the field of lending, real estate, and foreclosure prevention.
UNDERSTAND tax penalties and other consequences of loan default, loan modification, or bankruptcy, the difference between a short sale and a foreclosure, and much more!
Did you know you may be eligible to receive money back from the bank at the close of your Short Sale?
In this special series the Russell Shaw Group shares with us their Short Sale Package. This extensive document will give you a great start to building your own package.
In real estate, a short sale is when a bank or mortgage lender agrees to discount a loan balance due to an economic hardship on the part of the mortgagor.
[Note: This is a partial preview. To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
LEARNING OBJECTIVES
1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
2. Explore the sustainability implementation model, focusing on effective measures and reporting strategies to track and communicate sustainability efforts.
3. Identify and define best practices and critical success factors essential for achieving sustainability goals within organizations.
CONTENTS
1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
To download the complete presentation, visit: https://www.oeconsulting.com.sg/training-presentations
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Although discipline is not a one-size-fits-all approach, it can help create a work environment that encourages personal growth and accountability rather than solely relying on punitive measures.
In this deck, you will learn the significance of workplace discipline for organisational success. You’ll also learn
• Four (4) workplace discipline methods you should consider
• The best and most practical approach to implementing workplace discipline.
• Three (3) key tips to maintain a disciplined workplace.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
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2. Helping You To Preserve Your Credit What Is A Short Sale? It’s a transaction where two unique events must occur together. (1) Net Proceeds Sale Loss A short sale occurs when your net proceeds from the sale is insufficient to cover your note balance(s). (2) Lender Agreement The lender(s) agrees to release its mortgage lien(s) and note obligations on the home in exchange for payment less than the full loan balance.
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8. Helping You To Preserve Your Credit What Are The Qualifications For A Short Sale? If you cannot answer yes to all four questions, you may not qualify for a short sale. (1) Has The Home’s Market Value Has Dropped? Appraisal validates and substantiates home is worth less than the unpaid balance due on the note to the lender. (2) Is The Mortgage In or Near Default Status? Many lenders are will help homeowners even though there are not actually in default. You will need to consult your lender to determine their position on short sales.
9. Helping You To Preserve Your Credit What Are The Qualifications For A Short Sale? (3) Is The Seller In Hardship? You must submit a letter of hardship explaining why you cannot pay the difference due upon sale, including why you have or will stop making the monthly payments. (4) Does The Seller Have No Assets? The lender will want to see a copy of your tax returns and a financial statement. If the lender discovers assets, the lender may grant the short sale but could require seller to pay back all or part of the deficiency.
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11. Helping You To Preserve Your Credit What Does Not Constitutes Hardship? 1. Bad Purchase Decisions Blowing your paycheck on a car stereo system with surround sound does not qualify as a hardship. 2. Unhappy With The Neighbors This does not qualify as a hardship. 3. Buying Another Home The lender will not care if you have decided the home is no longer suitable for you or your family.
12. Helping You To Preserve Your Credit What Does Not Constitutes Hardship? 4. Pregnancy Having more children is not considered a hardship. 5. Moving Into An Apartment Whatever the reason for doing so, this doesn't qualify as hardship. 6. In-Laws Coming To Live With You Sorry, does not qualify as hardship.
13. Helping You To Preserve Your Credit How Is A Short Sale Different From A Normal Sale? (1) Marketing There is no difference. We’ll utilize our extensive marketing program. (2) Buyers There is a big difference. Short sale buyers are price sensitive & driven. (3) Home Pricing There is a big difference. Appraisal is based upon other short sales comparing apples to apples.
14. Helping You To Preserve Your Credit How Is A Short Sale Different From A Normal Sale? (3) Other MLS Agents They will know you are in short sale and will inform their buyers. The appraisal is included in MLS Confidential. (4) Sale Impact Having buyers and agents fully aware of the short sale status increases the likelihood of a fast sale. This is exactly what we want given your financial situation and the decreasing property value trend now prevalent in the market.
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16. Helping You To Preserve Your Credit What Are The Consequences of a Short Sale? (2) Deficiency Judgment The lender has the right to pursue a summary Judgment for the deficiency. Example The bank was owed $300,000 and sold short for $210,000. The deficiency is $90,000. The lender sues the seller for the deficiency. Without the help of a good attorney, or loss mitigation company, this is far more likely to happen. Therefore you must act in advance in efforts to prevent this issue from happening on your short sale.
17. Helping You To Preserve Your Credit What Are The Consequences of a Short Sale? (3) Blemished Credit Record Short sales will show up on credit reports as a pre-foreclosure in redemption status. Depending on your lender, it may or may or have the same impact as compared to a foreclosure. The typical short sale will affect credit up to 2 years, while a foreclosure 5-7 years Seek Specific Relief However most creditors may not make the distinction when reporting unless you seek specific relief. This is why a good attorney, or loss mitigation company, who specializes in the short sale process is well advised.
18. Helping You To Preserve Your Credit Which Is Better, Foreclosure or Short Sale? (1) Both Hurt But A Short Sale May Be Better Fannie Mae: August 2008 Due to the increased incidence of preforeclosure [short] sales, Fannie Mae is establishing a 2-year elapsed time period for reestablishing credit following completion of the action. A foreclosure client must wait 5 to 7 years, maintain at least a 680 credit score in the sixth and seventh year, and pay a minimum 10 percent down on future home purchase.
19. Helping You To Preserve Your Credit What Are The First Steps To A Short Sale? 1. My Role As a Realtor I cannot give you legal or financial advice as both fall outside my area of expertise and the scope of my license. It is for this reason I strongly recommend hiring an attorney and a loss mitigation company before you make a final selling decision. The 3 keys to successful short sale are: disclose-disclose-disclose! 2. Lender Requirement You must prepare and submit a Short Sale Approval Application Kit with your lender before you can begin selling as a short sale.