FHA Short Sales
October 26, 2010 / /
http://kevinandfred.com/power-hour/fha/
Kevin and Fred discuss FHA Short sales.
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
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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.
Valuable piece of information in this episode. I admit, I did not know about the 1%. Thanks for saving me, my clients, and the industry some headache.
I’ve had FHA pay 3%. I’ve also had them pay other items on their do not pay list, they have asked me to show it as a reimbursement. They still paid my sellers $1000.
The sales price and the bpo came in at the same number.
Great stuff Saul!! Further proof EVERYTHING is negotiable 🙂
We have had FHA pay almost 6% closing costs on one this fall, and we had FHA pay 4% on one last fall. The key is to get them their required net, which when the property is appraised before the marketing process we all know that the appraisal will come in high. So use a little outback to get it to come in more realistic! Love you guys, see you in a couple weeks.