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Real Estate Opportunities - Jarad R. Severe - Short Sales

Number of Customer Reviews for Jarad R. Severe - Short Sales: 0

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Jarad R. Severe is the author of the best selling books the Short Sale Manual .I this book he explains ways to discount properties to earn profits. He explains that in a short sale the lender accepts a discount on a mortgage to prevent a possible foreclosure auction or bankruptcy. One ends buying the property directly from the lender for a discount. He explains all the technical terms and documentation required for conducting a short sale with examples.

This manual explains some of the main concepts of a short sale. He elucidates on perception of a short sale. He describes methods to negotiate a short sale and details about establishing a land trust and deeds. He also described types of authorization to release forms, escrow letters, purchase agreements, and hardship letters. He points out methods to deal with banks and negotiate a good deal.

There is a specific reason the banks are willing to sell a property at a discount without being saddled with bad loans. It is prudent to do so rather than auctioning the property, where a lot of money is wasted in payment of various fees. Therefore, one must conduct a short sale in the preforeclosure state. For this, one should pinpoint the people who are in the first stage and those in the second stage of delayed payments, specifically those with more than three payments behind their mortgage. For such people even the banks are willing to sell the property at a discount.

The condition of the house is of no consequence because the worse the condition better is the discount available. One should take the deed from the homeowner so that he does not have a chance to change his mind and go back on the deal. Only then can one contact the bank for conducting short sales. One must approach the bank on the homeowner’s behalf. Else, they may not entertain any queries and then request for the short sales packet. This explains how the short sale can be made successful.

The banker does ask for a hardship letter stating the reason for nonpayment of mortgage installments. One must supply all the requested documents including a HUD-1 and a real estate purchase and sales agreement. Next, the real estate broker will give an estimate of the value of the property. This must be as low as possible to get the maximum discount. When all these steps are followed, it is possible to get the best short sale deals closed profitably.

I am a real estate investor and all I can tell you is that you need to develop a network of people that you work with who can make you strong where you are weak. If you are being mentored by another individual or group or have gone thru course after course and have tried to succeed but are finding it difficult give me a call at 760-931-4770 or e-mail me at John@jcsbicca.com and I will discuss with you my program. I have money available for gap financing and fix up so that you can succeed. I already have 40 students that I am helping. These are not my students but another company that specializes in mentoring. My capacity is limited so I am very selective. So contact me to see if you qualify.

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