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“Will You Be Able To Tell People You Took Advantage Of The Next Big Real Estate Correction That Will Make 100s Of Millionaires?”

“Want To Learn How Other Investors Are Taking Advantage Of The Ever Increasing Foreclosures Happening Across The Country?”

The Short Sale Manifest

A Quick Guide To Profiting Through Foreclosure Short Sales

A quick guide for new investors who want to understand the basics of discounting foreclosure properties.   This is a fact based, no-nonsense guide to quickly get you up to speed on short sales, dealing with lenders and sellers.

Ebook Table of Contents:

A Brief Introduction ................................................................................................................................ 5 

What Is A Short Sale? .......................................................................................................................... 8 

A Good Short Sale Candidate ............................................................................................................ 9 

Average Discount Amounts .............................................................................................................. 10 

VA and FHA insured loans ................................................................................................................ 10 

The Short Sale Package .................................................................................................................... 12 

Hardship Letter .................................................................................................................................... 12 

W2’s, Bank Statements and Paystubs ............................................................................................ 13 

Listing Agreement ................................................................................................................................ 13 

Purchase Agreement ........................................................................................................................... 13 

Comparable Market Analysis ............................................................................................................. 14 

List of Repairs and Pictures ............................................................................................................... 14 

Estimates Net Sheet (HUD1) ............................................................................................................. 14 

Authorization To Release Information .............................................................................................. 15 

Creating Huge Discounts With Little Work ...................................................................................... 16 

How To Get Property Owners To Call You ....................................................................................... 17 

Finding Foreclosure Lists ................................................................................................................... 17 

Direct Mail ............................................................................................................................................... 18 

Newspaper Ads ..................................................................................................................................... 20 

Signs ........................................................................................................................................................ 21 

Telephone ............................................................................................................................................... 22 

Door knocking ........................................................................................................................................ 23 

Approaching The Lender....................................................................................................................... 24 

Closing Remarks .................................................................................................................................. 25 

Example Forms ...................................................................................................................................... 26 

Authorization to Release Information ................................................................................................. 27 

PURCHASE AGREEMENT ................................................................................................................... 29
 
LIMITED POWER OF ATTORNEY ....................................................................................................... 36 

Sample Hardship Letter ....................................................................................................................... 39 

Sample Repair List ............................................................................................................................... 42 

Direct Mail Examples ............................................................................................................................ 45

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