Short Sale or Workout Plan?

In Real Estate investing circles I have run across investors who seem to want to do a Short Sale on a home at all cost (to the homeowner). Sorry folks but my conscience doesn't allow me to hit the jackpot if someone is put out of a home that could have been saved by loan adjustments or modifications. If I know of a way to save a home I certainly educate the homeowner. I would rather lose the opportunity than my moral conscience.

A Short Sale isn't always the "only" option. Surprisingly I find some homeowners who haven't even bothered to call their lender who may be able to offer a workout option. I usually recommend they do and sometimes even offer to do it for them (at no cost). Perhaps my generosity will prevent me from ever earning my due but it's my contribution to humanity or my "pay it forward".

If you want to do what's best for the homeowner to check with the lender before proceeding with a Short Sale. The current crisis is causing changes in available modifications and loan types. You may lose the Short Sale option but will be rewarded when you help a family keep their home. In real estate investing there will likely be another pre-foreclosure opportunity just around the corner.

---

Short Sale Products

Click Here for Short Sales Calculators
Click Here for: Short Sales Video Training
Click Here for: Short Sales Hidden Wealth

Short Sales Calculator Tools

---

Short Sale Products

Click Here for Short Sales Calculators
Click Here for: Short Sales Video Training
Click Here for: Short Sales Hidden Wealth

Original Short Sale Tools for Foreclosures

I created two unique products for Short Sales using Excel. As far as I know their are no others like it. I call it a Short Sales Calculators.

One Calculator shows all expenses a bank will have if they foreclose and own a home as opposed to their expense if the approve a Short Sale. If you estimate the expenses correctly it almost always proves to the bank they get more money with the Short Sale. In most cases holding cost, repair expenses, real estate agent fees, etc. are quite costly, especially in todays market. When you prove the numbers you improve your chances of getting approval.

The second Calculator allows you to type in the price you'd like to sell a property for to an investor. The result shows how much you will make and after rehab or resale the potential profits an investor makes.

Formulas are preset so all you have to do is type in the numbers and they add or multiply as needed. This is a nifty tool and I've kept it probably a lot cheaper than it should be. Check it out on my web page along with 2 other good Short Sale products. Click Here