My Short Sale Club

Short Sale Package Basics

2008-07-01T22:18:28Z

What is a short sale? It is a transaction where a mortgage company agrees to accept a payoff on a property that is less than the actual amount owed.

What are the typical components of a short sale package?

Authorization to Release Information – This document is signed by the homeowner and authorizes the investor/Realtor to speak with the mortgage company on behalf of the homeowner. It is the first document you need in order to get the process moving.

Hardship Letter – This is a letter composed by the homeowner that explains to the mortgage company the circumstances that have led to the missed mortgage payments. The homeowner needs to make it clear that there is no hope of curing the default and a short sale is the only option. It is best if this letter is hand written, but a typed letter is fine. The letter should be at least one page long and be emotionally moving

Hardship Proof – These are documents that support the hardship letter explanation. For instance; a repossession slip, a layoff pink slip, doctor bills, death certificate, divorce papers, bankruptcy papers, police report, etc…

Financial Statement – This is a one-page document that states the monthly income and expenses of the homeowner. This includes food, utilities, clothing, car, phone, etc…

Bank Statements – Most mortgage companies will require the last two months bank statements for both checking and savings. They are interested in verifying the deposits and withdrawals against the financial statement.

Pay Stubs – Most mortgage companies will require the last 2-3 pay stubs to verify income. If the homeowner is unemployed, include a single signed document stating such and that pay stubs do not exist.

Tax Returns – The last two years federal tax returns are always required. They do not need the entire tax return, just the first two pages. If tax returns were not filed, include a single signed document stating such.

List of Repairs – Let the mortgage company know what costs would be incurred to bring the property up to market value. An automated rehab costing tool can help provide professional estimates and you don’t have to rely on a contractor to do all your estimates.

Listing Agreement – Mortgage companies always request a listing agreement; if you’re a real estate agent doing the short sale for the commission, this is no problem. However if you’re an investor, it would be better if the property wasn’t listed in order to maintain profit margins. You'll need to convince the bank that a listing agreement is not needed since a purchase agreement is already in place you’ll be further ahead.

Purchase Agreement – Have the homeowner sign blank purchase agreements so you can negotiate quickly and resubmit new purchase agreements immediately. A signed blank agreement means you’ll only need to change the offer amount and date before resubmission.

Net Sheet – The Net Sheet itemizes all closing cost and provides a bottom line number the mortgage company would receive at closing. Mortgage companies will request a Net Sheet or HUD-1. Over 99% of the time a Net Sheet is easier to create will be accepted even if they demand a HUD-1. A HUD-1 will be provided just prior to closing and will be prepared by the Title Company or Real Estate Attorney.

These are the most typical documents in a short sale package, however there are others such as Economic Information, CMAs, Police Reports, Code Violations, etc… that can really help support your low offer.

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Foreclosure Prevention for Homeowners

2008-04-19T17:58:07Z

Homeowners Assistance Association (HHA) is a Non-Profit organization that helps homeowners avoid foreclosure. Their staff of professional mitigators will negotiate with mortgage companies to workout various solutions that allow homeowners to keep their homes.

HAA is one of the largest and most powerful Foreclosure Mitigation firms in the United States. They have affected hundreds of resolutions on the best possible terms for the homeowner! They’ve successfully dealt with some of the most extreme situations. Don't think your situation is beyond repair!

HAA does NOT recommend that our clients use Bankruptcy protection to settle matters (85% of all bankruptcies fail). They do NOT buy homes, they do NOT refinance loans and they do NOT offer dangerous lease-back contracts to their clients!

Request a FREE CONSULTATION and have HAA's expert staff can provide you with:

Answers to the questions you may have, including an explanation of the programs available to help you prevent foreclosure and get back on track.
HAA can also provide you with proven techniques that may help you increase your income and improve your financial situation, to help you qualify for the assistance you may need to help prevent foreclosure and keep your home.
And once the Foreclosure Prevention Resolution process has been completed, HAA can help you with refinancing and restructuring your debt.

HAA keeps you updated on the progress of your case.
Their dedicated staff and website continually updates all clients throughout the entire Foreclosure Prevention process.

Mortgage Hardship Letter - Sample #3

2008-04-14T00:54:57Z

February 8, 2004

ABC Mortgage, Inc

San Diego, California

Attn: Loss Mitigation
Re: Loan # 123456789

Dear Loss Mitigation Representative,

I have fallen behind on all my bills because I was in an auto accident last year. I have been in rehab for the last 3 months and have not been unable to return to work. My doctors said that it’s unlikely that I’ll be able to go back to work and I’ll be filing for disability. My wife was unable to cope with my condition and the lack of money and all the associated stress and she decided to leave me two weeks ago. I’m by myself without money or help.

]]> In addition to falling behind on my house payments, I’m also about to have my car repossessed. No one is here to take care of the house and even if I could take care of it, I don’t have the money. Our house is the worst looking house on the block but I’m at the point where I really don’t care anymore. I’ve basically lost everything and I just want to get better and get out of this house.

Please work with my buyer who is willing to pay more than anyone else has offered for the property in its current condition. There is a problem with the roof over the living room, but it only leaks when we get a real hard rain. The plumbing in the half-bath sink doesn’t work so I just use the kitchen sink. The house exterior paint is pealing bad and so is the garage. The garage door spring is busted and won’t close. Obviously the lawn and shrubs are out of control too. There is a lot of things that need to be fixed in this house.

I don’t know what else to do and need help. Please let me sell this house so I can move back to Texas and stay with my family while I recover.

Thank you.

John Homeowner

Review Other Mortgage Hardship Letters:

Mortgage Hardship Letter #1

Mortgage Hardship Letter #2

Mortgage Hardship Letter #3

Mortgage Hardship Letter - Sample #2

2008-04-02T14:38:17Z

July 2, 2006

Big Mortgage Company
P.O. Box 123-0102
Dallas, TX.

Acct: #8897261109

Dear Sir,

I am writing this letter to request consideration for a compromise offer for the sale of our home at the above address. I am active duty with new orders transferring me to Cumberland, MD as of August, 2006. Because of the current depressed market in California, our home is worth less than the loan balance of $183,000.00 (approx.) We have received a fair market value offer of $169,125.00. This is the only offer we have had since our home was placed on the market. With closing costs and realty fees, we will be about $28,000.00 short at closing.

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The area in which we live has many homes for sale or rent and we would not be able to rent our house to cover current payments. Since we have an offer that is consistent with the present home prices, we feel it is better to sell the house at a loss rather than face additional losses or foreclosure.

When we move to Maryland, my wife will lose her income too. She is a dental hygienist licensed only in California so she can not work in Maryland for at least several months. She must take additional training and pass the state boards before she can be licensed for the state of Maryland.

Our finances are taking several severe cuts because of this transfer. We will have all of the usual expenses of a cross country move for a military family, plus the cost of establishing a new home at a new location. The deposit and miscellaneous expenses are usually several thousand dollars.

Our Realtor is preparing all of the documentation of the current escrow and offer. I am enclosing this letter and a financial statement. Your consideration and time are greatly appreciated. The buyers for our home have already sold their house and will close escrow on July 14, 2006. Since the market is so poor and we have not had any other offers, we are most anxious to close this sale.

Sincerely,

John Homeowner

Review Other Mortgage Hardship Letters:

Mortgage Hardship Letter #1

Mortgage Hardship Letter #2

Mortgage Hardship Letter #3

Redemption Period Short Sales

2008-03-20T23:28:33Z

Do you know what what a "Redemption Period" is?

Following a foreclosure sale, some states allow the homeowner one final chance to keep their home by giving them more time to completely payoff the mortgages on the property. Some states allow and additional 75 days after the sheriff sale while other states allow up to 12 additional months.

If you're an investor, this is a very important information for you to know about your state.

Let's face it, if a homeowner wasn't able to reinstate the loan (bring all payments current) before the sheriff sale, it's highly unlikely they will be able to pay the full loan amount during the redemption period. Therefore, most families decide to just stay in the house payment-free for the entire redemption period.

For the bank, it's bad enough that they haven't been paid for the past 6-8 months during the foreclosure process, now they won't get paid during a lengthly redemption period. And when the back finally does take possession of the property they need to make repairs, list the property and wait another period of time hoping it will sell.

Because of this, many banks will consider a short sale on properties after the sheriff sale and during the redemption period. If you are working on a deal in a redemption period state you can possibly work on properties even when homeowners contact you after the sheriff sale has already happened.

Furthermore, if you're working on a deal where the sheriff sale is close at hand and you need time to get a short sale package together, make sure the bank knows you're in a redemption period state. In many cases, the bank will permit you to move forward with the short sale.

Make sure as you build your case in your short sale package cover letter, you clearly document the losses the bank will incur during the redemption and resale periods. These cost are usually substantial and have a dramatic effect on the net amount the bank can expect to receive. Use this fact to you advantage as you negotiate you best deal.

Here's a few long Redemption Period States:

AL - 12 mo.
ME - 12 mo.
ID   -    6 mo.
IL    -    6 mo.
IA -    6 mo.
KS -    6 mo.
MI   -    6 mo.
MN -   6 mo.
ND -   6 mo.
UT -   6 mo.
VT -   6 mo.
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Mortgage Hardship Letter - Sample #1

2008-03-07T14:54:33Z

April 5, 2004

Big Mortgage Company
P.O. Box 99100
Houston, TX

Re: Loan #4728432 and #4742507

Dear Representative,

I am writing this letter to explain what has happened in our lives that has brought us to this point. As you know, our accounts #4728432 and #4742507, for the property located at 133 Maple Bark Dr., Gaines, MI are far past due.

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Our financial troubles were not limited to our mortgage, we were far behind on our credit cards and medical bills for my periodic check-ups following Cancer surgery and treatment a short time ago. Unable to meet our obligations, we decided to file for bankruptcy in the summer of 2003. We lost everything, even our cars.

Virginia was also pregnant during this stressful time and miscarried. And if this alone wasn’t enough for one person to bear, Virginia also had to cope with the passing of her mother in the same year. Due to the overwhelming stress, Virginia went on Work Disability during August and September 2003.

Please help us. We just want to move on and start over. PLEASE accept this offer from our buyer. I know the offer is less than what we owe, but we are desperate. We’ve had enough of the court system, attorneys and legal battles to last a lifetime. We just want this to end! We just need someone to give us a break. Please accept this offer.

Sincerely,

_____________________________
John Homeowner

_____________________________
Jane Homeowner

Review Other Mortgage Hardship Letters:

Mortgage Hardship Letter #1

Mortgage Hardship Letter #2

Mortgage Hardship Letter #3

Free Short Sale Offer Calculator

2008-03-03T20:53:14Z

Check out the My Short Sale Club.com Free Short Sale Offer Calculator.

This simple calculator is an easy tool you can use to help you determine your short sale offers to the bank. Of course, not every investor will agree with the numbers produced by this calculator, that’s because every investor is different and have different risk tolerances. However, I think it's a good tool to begin the offer calculation process.

]]> With that being said, let me explain how this calculator works:

Assuming you the short sale investor are going to wholesale the shorted property, you need to enter the profit you want to make in the Wholesale Profit box.

As the investor you will need to supply some “best guess” numbers for your rehabber, which include Repair Costs, Rehabber Profit, Loan to Value (LTV), Points (cost of hard money), Holding Time, and Interest.

You should also provide the After Repaired Value (ARV) of the property.

With all the input boxes filled, you can press the “Get Short Sale Offers” button.

The Maximum Offer P&L column will show the investment costs and most importantly, the Rehabber out-of-pocket number. If this number is too high, you may have a difficult time selling the property. Talk with rehabbers and get to know their numbers: loan, profit, out-of-pocket max, etc… this information will help you acquire only the properties you know you can sell.

The last column displays three short sale offers you can make to the bank in order from lowest to highest. Once again, you can start lower or make more than three offers, this is just a tool to help guide.

Let me know if you find this helpful. Drop me a line at mike@MyShortSaleClub.com

Hardship Letters

2008-02-28T15:35:04Z

Every Short Sale package requires a Hardship letter created by the homeowner. This is a letter that explains to the mortgage company the circumstances (hardships) the homeowner has experienced that have caused the current default. This letter can be handwritten or typed and should be at least one page in length. The letter should be heart-felt and should state clearly that the homeowner needs to sell the property.

Hardship reasons may include the following:

Divorce
Severe Indebtedness
Unemployment
Death
Illness
Medical Expense
Forced Relocation
Loss of Income
Economy
Military Service
Neighborhood Problems
Inability to Rent
Inability to Sell

If a homeowner provides you with a letter that is difficult to read, I'd suggest that you type it up and submit both the hand written and typed letter. This will make it easier for the Loss Mitigation Representative to review the package.

How To Do A Short Sale - (from work)

2008-02-18T15:50:13Z

    Are you ready to make $10,000 -$20,000 on a short sale deal and actually do it from your current work place with absolutely no risk?

    That's exactly what I did over 5 years ago when I first started in the Short Sale game. It was so easy, I couldn't believe more people weren't doing this. I had just returned home from my first short sale training class where I paid $600 to learn the step-by-step short sale process and I began to take action.

    I followed the marketing techniques I had been taught and within a few days I had my first short sale lead. The homeowner was facing foreclosure on a house valued at $80,000. I continued to follow the plan and met with the homeowner in order to gather all the necessary documentation. Once I had all the paperwork all I really needed to do was make phone calls and send faxes. This is easy, anyone can do that. I could even do this from work during my breaks and lunch. And that's exactly what I did!

    Now I understood that the process can take time, but it was only a few minutes every few days making a phone call during my break. So even if it took two or three months to negotiate a deal, I could easily do it while I kept my full-time job. I continued to follow the short sale process I was taught and within two moths that bank had agreed to accept $21,000 as payment in full. I was SHOCKED! This was just my first short sale and I negotiated this great discount. I continued to follow the training and arranged for a closing and found a rehab buyer.

    My buyer was very excited to buy this house from me for $36,000. He was getting a great deal and I was too. I went to closing and had my title company conduct a double-closing. I was actually able to use my buyers cash to close my short sale deal and the just minutes later sell the property to my rehab buyer. I made $15,000 on my very first short sale by making phone calls and sending faxes from work and didn't need any of my own money. An extra fifteen grand in just 3 months, that's an extra $60,000 per year. Heck, just imagine if I were doing short sale 40 hours a week and working on more than just one deal.

     I have been training investors how to do exactly what I did 5 years ago. I recently put all this information on to MP3 audio files along with all the forms and scripts necessary to work on short sale deals anywhere in the country. I spent $600 for this information and made $15,000 three months later. Did you think that was a good investment? Absolutely! I've made hundreds of thousands more since from the same initial education, you can do the same, it's easy to do... you just need to know how.

    Get started today and allow me to teach you step-by-step for less than 1/4 of what I paid to get started.
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Beach Living - The Short Sale Way

2008-02-15T17:44:59Z

Well it's the middle of February and depending on where you live, cabin fever is running high. The snow, the cold, the continually gray sky, the salty roads, the ice... YUCK! I'm sure you're asking yourself, "Why do I live here?". I need a sandy beach, sunny skies, 80 degrees and a tropical drink - STAT.

The good news is that, as a short sale investor you could live on the beach every single day. You do realize you can do short sales on any house from any location in the country, right? Just to prove this, back in 2005 when I was still living in the frigid north, I decided to take a vacation in the Florida Keys and thaw out my soul. I took all my short sale files with me and made calls to Loss Mitigation while I was pool side. Sunglasses, coconut tanning oil, a cabana and short sale deals. That's the way you do it.

On the fourth day of my experiment I had a double closing on a short sale 1200 miles away where I was buying/selling the house for $500,000 after getting the bank to accept $396,000. All the closing documents were faxed to the resort and I signed everything at the pool and faxed everything back to the title company. Originals were sent back overnight mail. Without a hitch, I made $104,000 on a property in a different state while living on the beach.

Of course, I realized I didn't need to spend another minute in the gloomy, frigid and depressing cold. Now I work on short sales on properties all across the country and a majority of the are properties valued at over $1,000,000. Let's face it, it's just as much work to do an expensive house as it is to do a junker. But the expensive house has much more room for profit.

So, when are you going to get serious about Short Sales and start making some real money? Can you see yourself working from the beach or any other place of your choice? You can do it, you just need to take that first step. Get some training and then jump in with both feet (while keeping you day job) and do a short sale on a $100,000 junker. Make some money, build your confidence and eventually you can join me on the beach. I've got a nice little drink with an umbrella waiting for you.

Short Sale Getting Started Checklist

2008-02-03T18:18:05Z

Educate yourself in the Foreclosure and Short Sale process
Get Business Cards that identify you as the Short Sale Expert
Join a local Real Estate Investment Clubs (REIA) and network
Visit MyShortSaleClub.com regularly
Establish a marketing budget you can stick to for at least 6 months
Create a marketing strategy - (Pre-foreclosure, Post-Bankruptcy, Letters, Signs, Referral,etc…)
Find a mentor or coach who can help you avoid mistakes and train you faster
Just dive in and start - You'll learn so much more by doing
As soon as you feel comfortable in your knowledge, find an opportunity to speak at a REIA club about Short Sales (This will help establish you as a local expert and begin to get many referrals from newer investors)
Be patient, persistent, and positive

Mortgage Refinancing - Short Sale Leads

2008-02-01T23:14:12Z

Some of my friends are mortgage loan officers who get calls all the time from people trying to refinance their home. Obviously this is a very ordinary scenario, however an ever increasing number of these people are calling to refinance because they need to lower their mortgage payment and avoid foreclosure. With Adjustable Rate Mortgages adjusting upward every month, homeowners are not able to keep pace with the higher payments. Naturally, many individuals start shopping for a mortgage refinance option to a fixed rate 30-year mortgage.

Unfortunately, due to varying circumstances many homeowners will not be able to qualify for refinancing. This could be due to a drop in property value, current income, the ever changing mortgage underwriting guidelines or the most likely reason, the homeowner is already 2 or 3 payments behind on a house with very little or no equity.

Without a refinance option my loan officer friends refer my services to their lost client. They explain to the homeowner that I specialize in short sales and how a short sale might be a solution for them. This is a great option for the loan officer too, since he can still offer some help even if the mortgage refinance is rejected. These are great leads because they come by way of referral from a mortgage loan officer they already know and trust. The homeowners naturally call me for a consultation.

If you want great short sale leads, start making friends with mortgage loan officers or other individuals in the mortgage industry that can refer business your way on a very consistent basis.

A Good BPO is Critical

2008-01-19T01:33:24Z

If the bank is going to accept your very low offer, then they need to believe that the house value is very low too. In the case of most short sales, the bank will order an interior BPO (Broker’s Price Opinion) or an appraisal to determine value. You need to push the bank for an interior BPO if they don’t do this voluntarily. Getting the bank to order a BPO should be your primary focus when starting a new short sale file.

Make sure the bank knows that YOU are the point of contact for scheduling the BPO or appraisal. This is CRITICAL!

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Terms to Know!

Drive-By BPO: A Real Estate agent will literally drive-by a property and estimate a value based on visual inspection and neighborhood comparables.

Interior BPO: A Real Estate agent will set an appointment to enter the property and do a complete interior and exterior valuation based on property condition and neighborhood comparables.

Appraisal – A licensed appraiser will perform a full standard appraisal.

Therefore, you need to meet the Real Estate agent or Appraiser at the property when they conduct their inspection. Let them know that the house and homeowner are in trouble and you are working on a short sale to save the family from foreclosure.

IMPORTANT!!!

The BPO/Appraisal is the most important component in the entire Short Sale process

Do everything you can to make the agent your friend and make their job easy. Keep in mind that Real Estate agents don’t get paid very much to do BPOs and they’re usually pressed by the bank to do them very fast. You can help the agent and yourself by supplying them with the following documents when you meet.

Purchase Agreement
Hardship Letter
Low Comparables
Neighborhood Crime Reports
Repair Estimates

When you give the agent this document package explain that the:

Purchase Agreement has already been reviewed by the bank and is ready to approve the deal and help the homeowners as long as the valuation they’ll provide is close to the offer.

Hardship Letter provides the human element to this situation. Tell the agent the homeowner’s hardship story and provide them with the letter for later reference. Most people want to help another person in trouble.

Give the agent Low Comparables. Remember that a good comparable would be another home in the neighborhood in a distress situation. Do not provide comparables from beautiful homes without any financial distress. You must compare apples to apples.

Banks are very concerned with Neighborhood Crime. If a report is available that would make the bank think the house could be vandalized or worse when vacant, it can be a motivator to agree to short instead of foreclose. The agent can reflect this in their report.

A good itemized Repair List will help the agent justify a low valuation with the bank.

It is your responsibility to point out every property defect and influence the agent to keep their valuation as low as possible. Make sure to point out items such as outdated home designs, dysfunctional layouts, every repairs issue not matter how small, outdated mechanicals, landscaping, neighborhood problems, etc…

Once the bank has determined property value through a third party, every decision to approve an offer or not will be based on this number. Obviously, the lower you can help keep these numbers, the better the chances of your offer is of being accepted.

For instance, a bank will easily accept 90% of current market value and if the BPO states that the current value is a lower number because you did your job properly, then getting short sales accepted becomes much easier. Even discounts at 70%-80% of current market value can be easily had if you can make a strong case to the BPO agent or Appraiser.

Initial Calls to Loss Mitigation

2008-01-16T02:01:36Z

To get the ball rolling on your short sale, you’ll start by calling the customer service number provided on the homeowners payment stub. If this number is unavailable, you may need to Google the mortgage company’s phone number. The objective of the first call is to obtain a fax number where you can send the “Authorization to Release Information”.

Here's a typical script...

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Initial Call to Loss Mitigation

YOU: (Dial Customer service number… Hear a recording. Press “0” or whatever number will get you to a person the quickest)

BANK: Hello this is _________________; may I have your loan number?

YOU: Hi, actually I’m just trying to get a Loss Mitigation fax number so I can send an Authorization to Release over.

BANK: There fax number is ________________, send to the attention of _______________.

YOU: How long after I fax the authorization do I need to wait before I can speak with someone?

BANK: It will take at least 24 hours.

YOU: Okay, thank you. I’ll call back tomorrow.

Second Call to Loss Mitigation

YOU: I faxed an authorization over to Loss Mitigation yesterday and I was wondering if it’s your system yet?

BANK: Yes, it’s here. How can I help you?

YOU: I need to speak with someone in the Loss Mitigation department. Are you with Loss Mitigation? (If not, you need to speak with that department)

BANK: No, hold on and I’ll transfer you.

YOU: (Wait. Get use to doing this. J )

BANK: This is ______________ in Loss Mitigation, How can I help?

YOU: Hi _______________, I sent an authorization to release over yesterday in regards to loan number _________________:

BANK: What’s your name?

YOU: My name is _______________________.

BANK: And what is the homeowner’s name, phone number and social security number?

YOU: That is _________________________________

BANK: What is the property address?

YOU: The address is ______________________________

BANK: What is your relationship to the homeowner?

YOU: I’m just an acquaintance, trying to help _______________ in their current situation and was wondering if you can tell me the mortgage balance and the reinstatement amount? Also, can you also tell me if a sheriff sale date has been set and where can I fax a short sale package?

BANK: Well I can’t give you an exact payoff but the mortgage balance is __________ and the arrearage is ____________. A sheriff sale is set for __________ and you can send a short sale package to __________. Send it to the attention of ________________.

We’ll only consider market value offers.

YOU: No problem. My offer will be a fair market offer.

BANK: We’d need a purchase agreement, Net sheet/Hud-1, last 2 pay stubs, last 2 year’s tax returns, last 2 bank statements, and a financial statement.

YOU: Great, I’ll send it over ASAP. Is there a direct number and e-mail address I can use in the future?

BANK: Sure the number is ___________________

YOU: One more thing; would you make a note that I am the point of contact for the interior BPO. I have access to the property and will need to meet the agent at that time.

BANK: Yes, that’s fine but we won’t order a BPO until after an offer is submitted.

YOU: Thank you for all your help.

Major Mortgage Meltdown

2008-01-10T03:28:49Z

Foreclosures are on the increase across the country and so is the opportunity to buy properties at steep discounts though the use of short sales. The refinancing boom over the prior five years, especially those refinance loan programs with teaser and adjustable rates, had set the stage for a major mortgage meltdown. With homeowners opting to pull equity out of their homes through 100% first and second mortgage financing, they left themselves vulnerable to economic slow downs and property depreciation. Consequently, adjustable rates mortgages adjusted up faster than properties were appreciating and in short time, many individuals owed more in mortgages than their house was worth.

]]> Short Sales Are The Answer

Without the ability to sell their homes or keep up with increasing loan payments, homeowners began to desperately look for an answer. Short sales have proved to be the answer to help many financially distressed homeowners avoid foreclosure and/or bankruptcy. It also allows the lending institution the option of quickly liquidating a non-performing asset; avoid a costly foreclosure process and acquiring an REO. Best of all, for you the investor, it provides you with an amazing opportunity to make HUGE PROFITS.

Get the Training and Tools to Succeed

My Short Sale Club.com will help you get the training you need to create BIG PAYDAYS. We’ll provide you with all the sample short sale forms you’ll need to create powerful short sale packages. You’ll learn how to find great leads through foreclosure marketing, work with the homeowner, negotiate first and second mortgages, create large equity spreads, wholesale properties and do it all with no risk.