Trends In The Short Sale Industry
January 19, 2011 / /
http://kevinandfred.com/
THE SHORT SALE POWER HOUR is proud to welcome Eliot Tomaszewski back to the program.
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.
I Just wanted to send a big thanks to ET for being a guest on the show again.
Hey Guys,
We are driving out to Phoenix from LA for the class. We are looking forward to sharing some strategies and learning a lot from you guys. We have nearly 100 files in negotiation right now, and I think it is extremely important to meet others in this business so that we all can improve.
What exactly did you guys mean by “sliding names on Equator”?
All the best,
Kieran
See y’all at Family Reunion!
I don’t understand about “sliding names” either. Could you please explain.
Thanks, Donna
Sliding names is changing the name of the buyer. Makes it easier than starting from scratch.
Great talk guys. The Trends are one of the most helpful tips as you are doing substantially more than most of us you should see it first.
Have a great time on the 21st. Love to know if you will sell the event on CD?
I have to admit I am confused about the Reverse Mortgage Short Sale. I was under the impression that all Reverse Mortgages over the last decade were insured by FHA and therefore, the borrower (or their estate) could never owe more than the value of the home?
See Below:
Can a borrower on a Home Equity Conversion Mortgage (HECM or reverse mortgage) ever owe more than the value of the home?
ANSWER
No, the borrower’s total debt on a Home Equity Conversion Mortgage (HECM or reverse mortgage) can never exceed the value of the home. The borrower can never owe more than the home is worth. The HECM is a ‘non-recourse’ loan. This means that the HECM borrower (or his or her estate) will never owe more than the loan balance or the value of the property, whichever is less; and no assets other than the home can be used to repay the debt.
Are their Reverse Mortgages that are not FHA insured?
Yours in confusion,
Joy