Net Proceeds is All That Matters
June 3, 2010 / /
Kevin and Fred talk about the only thing that matters to the bank in a short sale – net proceeds.
Stop talking about purchase price. Just stop it!
HOW TO CLOSE AT LEAST 3 DEALS IN THE NEXT 90 DAYS
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HOW TO CLOSE AT LEAST 3 DEALS IN YOUR NEXT 90 DAYS
Get instant access to our online masterclass to learn the simple steps.
About the Authors
Kevin Kauffman & Fred Weaver
Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
The offer price should be based on FMV.
Liquidation appraisals don’t include distressed properties. (per Chase, B of A) Origination appraisals do include distressed properties because they are lending $$$, so there may be a $20K difference in value.
Get the seller or buyer to pay for an appraisal upfront and tie it to the house. This is the only thing working right now to dispute value and get to close quicker.