Released on: March 5, 2008, 10:34 pm

Press Release Author: Mark Maupin

Industry: Real Estate

Press Release Summary: Jeff Kaller, real estate investor, consultant, and the
creator of the most powerful mentoring program in North America, was recently
interviewed. He is coming to Chicago, IL in February, 2008, to lead two all-day
workshops about investing in pre-foreclosed and foreclosed property in Chicago.

Press Release Body: "With the right skills", Kaller begins to explain, "it is
absolutely possible to capitalize on this market because homeowners and lenders are
more willing to negotiate. Most homeowners would rather walk away from a short sale
with their debt satisfied than end up with a foreclosure on their credit report.
Likewise, lenders will accept an offer below value rather than have a depreciated
home on their hands. This is why the pre-foreclosure market is so good."
When asked about determining the price of a house in foreclosure, Mr. Kaller
explained the following: "A homeowner looking to sell their house can make the deal
even sweeter by utilizing the buyer\'s appraisal to price the property rather than
using an independent appraiser. The mortgage seller is required to obtain an
appraisal on an As-Is and As-Repaired basis. However, if the buyer has secured an
FHA-insured appraisal, use of the buyer\'s appraisal would be allowed since
acquisition of an appraisal for HUD property cannot be duplicated within a six-month
period."
He also went in detail about what short sales are and what benefits they offer. "A
'Short Sale' is where the bank takes a lower payoff amount in order to allow you to
sell your home and avoid foreclosure. In most cases the bank does not want to own
your property. It costs them tens of thousands of dollars to foreclose,
rehabilitate, market and sell a property. Taking less than what they are owed
actually nets them more money in the long run and helps you avoid the credit issues
associated with a foreclosure.

Jeff Kaller will discuss the technique of negotiating short sales at two all-day
workshops in Chicago, IL on February 16th and 17th. Registration and additional
information are shown on his website at http://www.jeffsworkshop.com/

Jeff Kaller has students from Cook, McHenry, Kane, Dupage and Kendall Counties
including Arlington Heights, Brookfield, Chicago, Franklin Park, Holbrook, Indian
Head Park, Iverness, Kensington, Greenwood, Milbrook, Richmond, Rosemont, Woodstock,
Big Rock, Kaneville, Adddison, Roselle, and Oswego, to name a few.
Contact:
Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
This Press Release has been submitted by PREasy.com


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

Contact Details: Company Name: Paramount Promotions LLC
Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email:mary.geronimo@gmail.com