Comments on: Short Time for Short Sale?-Part 1 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/ Brought to you by InvestorWealth.com Tue, 06 Jan 2009 12:23:33 +0000 http://wordpress.org/?v=2.2.1 By: Wholesaling Houses For Quick Cash! | 7Wins.eu http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-7521 Wholesaling Houses For Quick Cash! | 7Wins.eu Fri, 27 Jun 2008 21:04:50 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-7521 [...] really work? | Product ReviewsSUV and Pickup Truck Buyers: "Owners for Life" | The Truth About CarsShort Time for Short Sale?-Part 1 Tags real estate investing real estate invest real estate This product is also listed in Home [...] […] really work? | Product ReviewsSUV and Pickup Truck Buyers: “Owners for Life” | The Truth About CarsShort Time for Short Sale?-Part 1 Tags real estate investing real estate invest real estate This product is also listed in Home […]

]]> By: West Linn foreclosure http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-4247 West Linn foreclosure Mon, 31 Dec 2007 11:04:14 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-4247 <p>Short sales are looking even better right now. I noticed the inventory is raising locally. Might be a good thing for investors.</p> Short sales are looking even better right now. I noticed the inventory is raising locally. Might be a good thing for investors.

]]> By: Internet Marketing and Advertising http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-1559 Internet Marketing and Advertising Mon, 17 Sep 2007 20:19:41 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-1559 <strong>Internet Marketing and Advertising...</strong> I couldn't understand some parts of this article, but it sounds interesting... Internet Marketing and Advertising…

I couldn’t understand some parts of this article, but it sounds interesting…

]]> By: Saundra Jenkins http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-519 Saundra Jenkins Fri, 20 Jul 2007 14:37:24 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-519 SHORT TIME FOR SHORT SALE, PT 1 I would love to read Michelle's input on this one. Since I live in Georgia and was led to believe that I couldn't obtain information from the courthouse -- I really want her answer. How do I receive it since this is archived?? SHORT TIME FOR SHORT SALE, PT 1
I would love to read Michelle’s input on this one. Since I live in Georgia and was led to believe that I couldn’t obtain information from the courthouse — I really want her answer.

How do I receive it since this is archived??

]]> By: John http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-43 John Thu, 15 Feb 2007 03:33:36 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-43 Neither or either will work in certian situations. There are a thousand variebles to creative situations. You give it your best shot and whone down from there. Never forgetting the phrase WiIFM " Whats in it for me" if your the buyer and the same for the buyer when you sell. Neither or either will work in certian situations. There are a thousand variebles to creative situations. You give it your best shot and whone down from there. Never forgetting the phrase WiIFM ” Whats in it for me” if your the buyer and the same for the buyer when you sell.

]]> By: Dave Hill http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-35 Dave Hill Wed, 07 Feb 2007 16:38:59 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-35 Mike's method is likely to produce better results, although both have facets that are useful. Here's why: In states that have a short time between the publication of default and the sale of the property (3-4 weeks), there is often not enough time for a series of mailing campaigns. This also means that checking monthly listings in the newspaper will likely miss a lot of opportunities. However, having private money is definately an advantage (for a quick closing, all cash sale) Having a buyers list is also a plus (Mike). Although quick-turning short sales will require some additional knowledge. (You can't assign the contract, but you could do a double closing or use a land trust to convey title). Having multiple marketing strategies is a plus (Mike). Targeted door knocking (perhaps with a "leave-behind" door hanger for those properties that are not abandoned) adds value too. Mike’s method is likely to produce better results, although both have facets that are useful.
Here’s why: In states that have a short time between the publication of default and the sale of the property (3-4 weeks), there is often not enough time for a series of mailing campaigns. This also means that checking monthly listings in the newspaper will likely miss a lot of opportunities.
However, having private money is definately an advantage (for a quick closing, all cash sale)
Having a buyers list is also a plus (Mike). Although quick-turning short sales will require some additional knowledge. (You can’t assign the contract, but you could do a double closing or use a land trust to convey title). Having multiple marketing strategies is a plus (Mike). Targeted door knocking (perhaps with a “leave-behind” door hanger for those properties that are not abandoned) adds value too.

]]> By: Jean http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-34 Jean Wed, 07 Feb 2007 04:12:03 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-34 Mike's method is better. Helping people "stay in their home" is more appealing than Debra's "I want to buy your home". Mike would get better results. However, knocking on doors may be a risk as you are facing angry homeowners. When I used this technique, I felt in danger a couple of times. Mike’s method is better. Helping people “stay in their home” is more appealing than Debra’s “I want to buy your home”. Mike would get better results.
However, knocking on doors may be a risk as you are facing angry homeowners. When I used this technique, I felt in danger a couple of times.

]]> By: Bob http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-33 Bob Tue, 06 Feb 2007 23:48:56 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-33 MIKE'S METHOD IS ABSOLUTELY THE BETTER CHOICE. HIS LIST IS OBTAINED EARLIER GIVING HIM ADDED TIME TO WORK THE SHORT SALE WHEN THE STAY IN YOUR HOME APPROACH DOES NOT WORK. HIS LIST IS ACCURATE AND COMPLETE INFORMATION ABOUT THE FORECLOSURE CASE CAN BE OBTAINED. MANY LISTS AND PAPER ADS DO NOT INCLUDE ALL THE USEFUL INFORMATION. DOOR KNOCKING PUTS HIM WAY AHEAD OF HIS COMPETITION AS MANY MAILED PIECES ARE SIMPLY NOT LOOKED AT. IF OWNER HAS MOVED OUT, HE WILL KNOW THIS SOONER AND WILL BE ABLE TO TAKE THE FURTHER STEP OF TRYING TO LOCATE THE OWNER WHO HAS ALREADY ABANDONED THE PROPERTY AND MAY BE MORE WILLING TO WORK WITH HIM. MIKE’S METHOD IS ABSOLUTELY THE BETTER CHOICE. HIS LIST IS OBTAINED EARLIER GIVING HIM ADDED
TIME TO WORK THE SHORT SALE WHEN THE STAY IN YOUR HOME APPROACH DOES NOT WORK. HIS LIST IS ACCURATE AND COMPLETE INFORMATION ABOUT THE FORECLOSURE CASE CAN BE OBTAINED. MANY LISTS AND PAPER ADS DO NOT INCLUDE ALL THE USEFUL INFORMATION. DOOR KNOCKING PUTS HIM WAY AHEAD OF HIS COMPETITION AS MANY MAILED PIECES ARE SIMPLY NOT LOOKED AT. IF OWNER HAS MOVED OUT, HE WILL KNOW THIS SOONER AND WILL BE ABLE TO TAKE THE FURTHER STEP OF TRYING TO LOCATE THE OWNER WHO HAS ALREADY ABANDONED THE PROPERTY AND MAY BE MORE WILLING TO WORK WITH HIM.

]]> By: Lorraine http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-32 Lorraine Tue, 06 Feb 2007 23:27:01 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-32 I am pretty new to real estate. I have been reading all your tips, so far, which is helping me to get a better understanding of the real estate market. i would like you here your answer I am pretty new to real estate. I have been reading all your tips, so far, which is helping me to get a better understanding of the real estate market.

i would like you here your answer

]]> By: James http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-31 James Tue, 06 Feb 2007 22:41:34 +0000 http://investorwealth.com/blog/2007/02/06/short-time-for-short-sale-part-1/#comment-31 Mike's approach is better for this situation because of the short time frames that the homeowners have to work with. Since Mike gets his list daily the homeowner has more time to make an informed decision. In addition, he maximizes his time by leveraging others to collect the leads and he has built a buyer's list. Direct mail, which I use works great when you have a great list-there is no better list-in California, foreclosures drag on forever!! And he can door knock all of his killer deals. So, to recap he 1) leverages other for a fresh list 2) uses direct mail-maximize his time 3) has a list of buyers allowing him to be a transaction engineer -all while working a full time job. Just my 2 cents! James Mike’s approach is better for this situation because of the short time frames that the homeowners have to work with. Since Mike gets his list daily the homeowner has more time to make an informed decision. In addition, he maximizes his time by leveraging others to collect the leads and he has built a buyer’s list. Direct mail, which I use works great when you have a great list-there is no better list-in California, foreclosures drag on forever!! And he can door knock all of his killer deals. So, to recap he 1) leverages other for a fresh list 2) uses direct mail-maximize his time 3) has a list of buyers allowing him to be a transaction engineer -all while working a full time job.

Just my 2 cents!

James

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