Released on: March 26, 2008, 4:04 am

Press Release Author: Mark Maupin

Industry: Real Estate

Press Release Summary: Jeff Kaller, real estate developer and pre-foreclosure
specialist, explains the advantages of purchasing Pre-foreclosed property.

Press Release Body: . "A 'Short Sale' is where the bank takes a lower payoff amount
in order to allow you to sell your home and avoid foreclosure" Jeff began to
explain. "Mortgage lenders would rather sell houses prior to foreclosure at a price
below actual value than be left holding depreciated property especially in an
inactive market".
This is the advantage of a "short sale" which is when the homeowner who is facing
foreclosure, sells their mortgage to an investor at wholesale in order to walk away
debt free. In today's climate, there is no shortage of motivated sellers looking to
for investors to take their debt off their hands. Lenders are more cooperative as
well, willing to negotiate interest rates in order to attract more consumers. These
factors are why Mr. Kaller says, "Now is the time to take advantage of the
pre-foreclosure investment opportunities in Michigan's Real Estate Market."
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 per Mortgagee Letter 94-45, Paragraph E, \"Steps Leading to - and
Participation In - The PFS Procedure\", Item #3, Pages 5-6. This requirement is
because the property must be appraised 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."
Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while
executing real estate theory to actual practice. To learn more go to
http://www.freeshortsalecourse.com/

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

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.jeffsworkshop.com/

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