For a direct link to this video and article, please click here.

This video deals with a new – and frankly very alarming – practice put in place by Nationstar on their loans under consideration for short sale.

I urge you to address this iwth your Broker, your Board and – if you have available, in house legal council. Failure to proceed with caution could result in huge liabilities for yourself and your customer/client.

Please also see the following document which I am referencing in this video:
http://gsstitle.com/wp-content/uploads/2013/03/Nationstar-Email.pdf

As always, thank you for taking the time and please visit my blog and follow me/like me on Twitter and Facebook for more content like this:

Blog: http://www.thomasheimann.com
FB:    http://www.facebook.com/shortsalemastery
Twitter: http://www.twitter.com/mrshortsales

To Your Success!

Thomas Heimann
“Mr. Shortsales”

For a direct link to this post and video, please click here.

This Video is in follow up to my last posting about lenders beginning to require resale restrictions as part of their short sale approvals.

If you are working short sales you absolutely must have this information, short video will get you up to date.

To Your Success!

Thomas Heimann
“Mr. Shortsales”

Follow me online…
Facebook: http://www.facebook.com/shortsalemastery
Twitter: http://www.twitter.com/mrshortsales
YouTube: http://www.youtube.com/mrshortsales

On November 1, 2012, short sale guidelines from the Federal Housing Finance Agency (FHFA) became effective. These guidelines call for a restriction to be inserted in the deed conveying the property. The restriction is as follows:

Grantee herein is prohibited from conveying captioned property for any sales price for a period of 30 days from the date of this deed. After this 30-day period, Grantee is further prohibited from conveying the property for a sales price greater than $__________ (120% of short sale price) until 90 days from the date of this deed. These restrictions shall run with the land and are not personal to the Grantee.

Many other lenders are picking-up on this idea also and requiring similar deed restrictions. Even though the number of days and maybe the percentages may differ, the cautions and requirements set forth above apply equally to any such deed restriction. 

If you are entertaining a contract on a short sale you must be fully aware of this issue coming up at the time of lender approval. If you are a listing agent representing the home seller then you will want to exercise extreme caution before accepting an offer from an investor who intends to re-sell the property within 90 days from closing.

If you are an investor or working with investors you may want to factor this holding period into your calculations.

I have a feeling that before too long all major lenders will adopt this language in their short sale approvals.

To Your Success!

Thomas Heimann
“Mr. Shortsales”

Follow me online…
Facebook: http://www.facebook.com/shortsalemastery
Twitter: http://www.twitter.com/mrshortsales
YouTube: http://www.youtube.com/mrshortsales

For a direct link to this post and video click here.

Seller contributions towards buyer’s closing costs can be one of the most effective ‘strategic tools’ you can use to ensure that a short sale transaction will succeed.

This short video will give you some examples – and ideas – on how to look at them in a completely new light.

To Your Success!

Thomas Heimann
“Mr. Shortsales”

Follow me online…
Facebook: http://www.facebook.com/shortsalemastery
Twitter: http://www.twitter.com/mrshortsales
YouTube: http://www.youtube.com/mrshortsales

For a direct link to this post and video, please click here.

A disturbing new trend is emerging that puts home owners who file for bankruptcy in an attempt to slow down foreclosure in a position whereby they may actually end up losing their home while in bankruptcy. You don’t want to miss this short 2 1/2 minute video message!

To Your Success!

Thomas Heimann
‘Mr. Shortsales’

For a direct link to this post and video, please click here.

To Your Success!

Thomas Heimann
(a/k/a Mr. Shortsales)

If you are a real estate professional dealing with short sales you understand that short sales can often present you with difficult challenges.
 
2012 will without a doubt be known as as the “Year of Short Sales” and it is critical that as a real estate professional you are familiar with the most common challenges and pitfalls that end up derailing may short sales of inexperienced agents.
 
My free 4-part Short Sale Educational Webinar Series will provide you with specific information on how to deal with some of the most challenging issues you will sooner or later encounter, each in a concise 30 minute session, with a 15 minute Q&A at the end so you can get your own specific questions addressed.
 
Take a moment to register for the first event in this series – Short Sales & Multiple Offers. The events are free and there is absolutely no obligation. Be sure to register for your session immediately to secure your spot, this webinar will fill up quickly and has very limited availability.
 
IMPORTANT: Be sure to register for this first session immediately below. By registering for the first session you will automatically be registered for the entire 4 part series and we will email you reminders with the login info to attend each session ahead of the event.

 
Part 1: Short Sales & Multiple Offers
Thursday, February 2, 2012 – 7:00 PM
For details and to register, please click here:

http://bit.ly/4PartWebinar

Part 2: Short Sales & Bankruptcy
Thursday, February 16, 2012 – 7:00 PM

Part 3: Short Sales & Foreclosure
Thursday, March 1, 2012 – 7:00 PM

Part 4: Short Sales and Tax, IRS & Judgment Liens
Thursday, March 15, 2012 – 7:00 PM

Please take a moment to register for your session now, and make 2012 your best year in real estate ever!
 
To Your Success!
 
Thomas Heimann
“Mr. Short Sales”
Guaranteed Short Sales Solutions
GSS Title LLC

PS:  Register for the Webinar Series right now at: http://bit.ly/4PartWebinar

I just completed my annual goal setting workshop, using the Tony Robbins Goal Setting Workshop that I have been using now for several years. The process is amazing and I highly recommend it to anyone.

Click the following link to download your own “Ultimate Goal Setting Workshop”: http://www.thomasheimann.com/wp-content/uploads/2012/01/2012-Goal-Setting-Guide.pdf

Enjoy!

To Your Success!

Thomas Heimann

For a direct link to this post and video, please click here.





Whether or not your shortsale listing will be a success, i.e. whether it will sell and close or not, is determined to a large degree at the time when you take the listing.

This webinar covers properly taking short sale listings from A to Z.

A ‘must see’ for any real estate professional engaged in short sales.

To Your Success!

Thomas Heimann
“Mr. Shortsales”

For a direct link to this video & article, please click here.

This webinar presentation deals with short sale approvals and pre-approvals.

What kind of approvals are there? Is there such a thing as a true short sale pre-approval? Why are most MLS listings advertising pre-approved short sales misleading?

Whether you are a listing agent or buyer agent dealing with short sales, you will find this presentation to be immensely helpful.
As always, followed by a Q&A session to answer questions our attendees posted to us.

To Your Success!

Thomas Heimann
“Mr Shortsales”

Follow me on Twitter and/or Facebook:

http://www.facebook.com/shortsalemastery
http://www.twitter.com/mrshortsales