Keep The Big Mouth Shut

Released on: December 11, 2007, 5:41 am

Press Release Author: Mary Geronimo

Industry: Real Estate

Press Release Summary: Too Often We Say Things When Dealing With Lenders That Will
Blow Current And Future Deals

Press Release Body: St. Augustine, FL-- When someone becomes involved in the short
sales business, it is so important to learn all the right things to say and do.
There are 5 statements one must never say. "This house will be fixed up in no
time!" A short sale means the lender is selling them short, or taking less money
than they feel they deserve (like the balance of the loan) in exchange for the
property. If it's not going to be a lot of time, trouble or effort to get the house
in saleable condition, then a lender will be more inclined to foreclosure on it
rather than sell it at a huge loss.

"The homeowner is just going through a rough spot-I'm sure they'll be back on their
feet in no time." The position that the investor must take is to convince the lender
that the homeowner's finances will probably never see the light of day again. This
is why the hardship letter was written and all the debts the homeowner had been
tallied up. Working with distressed homeowners is part of the business. It is quite
possible to become very fond of them. Remember to avoid the trap of feeling badly
about talking down the seller. Never give the impression that direness of the
homeowners financial straits have been oversold, this can completely blow the short
sale. "Yeah, they won't have the money move out until they sell this house" A bank
can't give a homeowner any money for a short sale. If it sounds as if the property
owner is receiving money, legally the bank has got to end negotiations. (and the
business may get in trouble too) There are ways to help a distressed homeowner get
up the money to move (by selling something of value, computers, appliances etc.) but
know that the money can't come from the short sale of the house. "What?" This is
not an arena which it pays to be forthright about the investor's lack of knowledge
and experience. The key is to sell the bank on the idea of purchasing this property
at a huge discount will make up the difference in lack of time and trouble. So be
easy to deal with and this means know the information. Always make a list of things
needed and if a challenge occurs say with confidence, "I'll have that for you by
tomorrow." (or the appropriate time frame) There are resources so use them. "I
don't have time for this" never make the lender feel on edge. Take the time and act
happy about it, after all, the property is being sold under value.

For 11 years Jeff Kaller has created the most powerful information available on
Short Sales. People from all over the country have benefited from his most cutting
edge strategies. "Jeff Kaller has given me the road map to take my life to a new
and exciting level. Everything about Jeff Kaller's event was tops. I think the
revolutionary business system that Jeff has introduced me to is second to none."
Says, John E. C., Greensboro, NC

Additional tips to creating wealth include: Follow the piles of cash. Find people
who have successfully http://FreeShortSaleCourse.com [created wealth] and learn from
them. Remember, it's not only what they know, but from whom they learn it. Learn
from someone who is more successful. Learn the tricks of the trade and
http://FreeShortSaleCourse.com [the best in short sale tips] from someone that has
actually built wealth and not just talk about it. Forget the past. It does not
matter who they are or from where they came. Everyone deserves to be a millionaire.

Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com

This Press Release has been submitted by PREasy.com


Web Site: http://www.FreeShortSaleCourse.com

Contact Details: Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mgeronimo@thejeffkaller.com

  • Printer Friendly Format
  • Back to previous page...
  • Back to home page...
  • Submit your press releases...
  •