Get updates on the short sale industry and learn how to capture exclusive short sale leads in your area. Homeowners can get connected with investors, real estate agents and short sale specialists to take advantage of the government short sale give-away programs.

Thursday, December 17, 2009

Short Sale Leads Websites - Special Offer

Here is the special offer:

1.  NO WEBSITE SETUP FEE
2.  FREE LEADS EQUAL TO MONTHLY FEES

From now until the end of the year, when you order a website, the entire amount of your hosting fees is applied to your Cherry Picked Leads account. This way you can get leads even before your website is listed in search engines. Every month that you continue to pay for your website subscription you get that amount credited to your account so you can get the Cherry Picked Leads that are submitted directly by homeowners who are looking for short sale and loan modification information.

How do I get started? Call 530-387-3631, have your credit card ready and the domain name you want to use. Here are examples of sites we have already done so choose a name like these:

*sacramento.shortsaleleads.org
*tampa.shortsaleleads.org
*mountainview.shortsaleleads.org
*yourplacename.shortsaleleads.org

Friday, December 11, 2009

Peter Schiff on Housing Video Blog

Peter Schiff shows his economic brilliance and foresight in this 10 minute video blog. Mr Schiff, who is running for the US Senate seat occupied by Christopher Dodd was one a few people who correctly foresaw and tried to warn others about the housing bubble. His common sense approach and plain speak make him a likable fellow who is still mocked and ignored by pundits and press for his criticism of mainstream (Obamanomic) thinking.

In this video, Mr. Schiff gives his analysis of the days financial events and talks about the bond market, debt ceiling and a recent WSJ article about people walking away from their homes.

Wednesday, December 9, 2009

House Flipping Makes A Comeback

Check out this video from tonight's Kudlow Report.

The experts make the case that you need to be an expert or avail the services of one to make money in foreclosures and short sales.

They make the point that you cannot enter the property and do an inspection to see if the property has been trashed.

The leads offered by www.shortsaleleads.org are contacts with actual homeowners that are interested in doing a short sale.

Tuesday, December 1, 2009

Treasury Issues Guidance On Short Sales

Friday, June 4, 2010
Home Affordable Foreclosure Alternatives Update
The governments HAFA program has had some last minute changes that makes the program twice as appealing to potential short sellers. The foreclosure alternative program now pays out $3000 to homeowners who sell their house for less than they owe - a short sale and now $6000 to second lien holders. Previously the government paid out only $1500.

Lenders are compelled under the new rules to answer a valid offer within ten days. Before theses rules lenders did not have any time constraints and short sales were anything but short.

Lenders who offer HAMP modifications must offer the HAFA program before they can foreclose. The HAFA rules apply only to loans made prior to 2009. The borrower must be "at-risk", which means that they have a verifiable hardship. The program only applies to conforming loans under $729,250 and their first mortgage payment must be less than 31% of income.

Original Post
Under "The Home Affordable Foreclosure Alternatives Program" the Treasury will be issuing checks to homeowners for $1500 and $1000 to lenders when they execute a short sale agreement.  Second lien holders will get up to $3000 to release their interest in a property. The lender must forgive the unpaid balance on the loan. 

Under the new guidelines, lenders have only 10 days to approve or disapprove the transaction.

Here is a link to the Government guidance. https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf

http://www.reuters.com/article/ousivMolt/idUSTRE5AT5X520091130