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
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