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Short Sale Killer: Elimination Beats Short Sales…

The Big Short Sale Lie

The short sale business model has long been touted as one of the best ways to make money in this housing foreclosure crisis.

What the gurus won’t tell you is the true numbers behind that business model.

That’s a big reason why so many beginning real estate investors fail with short sales!

  • It’s a lot of work (whether you outsource it or not, it’s still A LOT of work…)
  • Many more short sales don’t work out than the ones that do
  • It’s NOT easy to pre-select them and work only on the ones that will work
  • Banks and lenders are changing the rules every other week, tripping you up on promising deals at the last minute
  • You need A LOT of potential deals to make A FEW of them work out (they call that “a numbers game”, but hey, roulette is a numbers game too, right?)
  • Lenders make you feel like you’re doing something wrong even though you are the one providing a solution to their problem
  • Big Money scams and government being in cahoots with banks makes the whole business model ludicrous and frustrating

…and on and on!

What To Do If Your Short Sales Don’t Work For You?

In the following section I wil give you links to educate you about MERS, the scam of mortgage processing and administration.

I will show you a way that will help you beat back the system, not only for yourself, but for your clients as well.

And make great money in real estate when you fly under the Short Sale Radar to beat the system.

First, the most important link is this:

http://TurnDebt2Cash.com – watch the testimonial video and sign up so you get access to free webinars and reports about how to eliminate mortgages quickly and legally.

Supporting files and documentation:

Read up on what the mortgage industry is talking about (“Strategic Defaults“)

Why lenders are afraid of “Forensic Audits“?

Scary for MERS: Enforcability of Securitized Mortgages

MERS legal cases: This is really bad for the banks!

And here is the info on the solution for you:

http://TurnDebt2Cash.com

Leave your comments and opinions below andmake a difference today!

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Category: short sale

Comments (3)

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  1. Anne says:

    Hi Thomas, it’s Anne here. I am actually closing more than 90% of my short sales, and by closing, I mean I buy it and re-sell it the next day (two back-to-back closings–you are familiar with the model). Anyway, I don’t mind if you scare investors away from the short sale niche, because there are many out there who don’t really know how to do the short sale business correctly–and, even worse, don’t seem to CARE about getting proper training to do it legally. We hear about these folks all the time from our escrow agents, and from real estate agents who are too scared to bring us short sale properties because of the “one bad apple” who is giving all short sale investors a bad name. We want to base our business on referrals from agents who know where the deals are, but once a realtor has heard about a deal that went south because of an a) ignorant or b) unscrupulous investor, they become very cautious, almost paranoid. Some agents are so afraid of investors that they would rather let the house go to foreclosure than let an investor buy it. So, let’s PLEASE ask all the investors who don’t know what they are doing to GO BIG (Get Educated and Honest) or GO HOME. Thank you, Thomas, and have a nice day!

  2. Walt says:

    Short sales can be a challenge regardless of which side you situated.

    I have had 2 short sales fail due to the falling market prices. Very interesting deal.

    Key is to have cash and not flip out about falling values when we are at the bottom or close to it.

  3. Anne says:

    Hi Walt:

    How did falling market prices hurt your short sale? When I have had short sales on my desk and the market has fallen, I just lower my offer to the bank. Of course, timing is key; enough time needs to have elapsed since the last BPO that the bank will agree to do another one. But, even if you have cash, you shouldn’t pay more than the property is worth. . .

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