The Art of the Short Sale

The Art of the Short Sale

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The Art of the Short Sale is your money making guide to the new housing market. Fact: Up to 95 percent of borrowers never respond to foreclosure notices. The Art of the Short Sale takes the mystery out of foreclosure. This simple and educational format serves as realtors' go-to guide on how to make money in the wake of the housing bubble. From walk-in closets to Wall Street, Citron sheds light on the factors that led to the rise and fall of real estate in the United States. Each chapter navigates readers through the process of helping borrowers avoid nagging lenders and overcome the obstacles of foreclosure, often through paying only a fraction of their debts. The Art of the Short Sale spells out in an easy to understand language the steps to succeed in this niche market and assists clients in eliminating debt, reducing tax liability, saving credit worthiness and avoiding deficiency judgements. With tips on assembling a short sale team, negotiating with out of state lenders and packaging clients' personal and financial circumstances in an effective way, this book is an essential resource for any real estate specialist aiming to adapt his business to the current housing climate.Lenders dona#39;t issue those 1099s just to hurt borrowers. Lenders ... A deed in lieu is when a lender agrees to take ownership of the property instead of going through the formal foreclosure process. This is a ... Lenders benefit by avoiding the costly foreclosure process, and borrowers benefit by not having a foreclosure filing on their credit history. ... Forbearance is an alternative where the lender will give the borrower more time to cure the default without giving up its right to foreclose.

Title:The Art of the Short Sale
Author:Michael B. Citron
Publisher:Hillcrest Publishing Group - 2008-05-01


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