Real Estate News Overview:

Just 23% of short-sale offers that homeowners receive from potential buyers actually close, according to a February study of 1,300 real estate agents by Campbell Communications.

Short sales once were extremely rare. But now, with unemployment climbing and home values down, more homeowners are pursuing short sales when they can’t afford their mortgage. About 11% of all sales transactions in June are such short sales, according to the NAR.

Uncompleted short sales that go to foreclosure are costlier for lenders and homeowners. For lenders, a short sale may save as much as 30% of the expense incurred by going to foreclosure.

Real Estate Investor Coach Response:

These are all very interesting facts about short sales. It is no doubt that shorts sales take a long time, and that the majority of the attempts fail. So why is this? There are multiple reasons, but lenders lack the internal staffing, expertise and systems to process these short sales in a timely fashion. They can also be very complex, especially if they involve home-equity lines of credit or other second liens held by different lenders, who also must agree to take less than the amount they’re owed from a home’s sale. But most importantly, the people who are attempting them, don’t have a clue, and aren’t prepared for the process.

Listen, if you want to make money in short sales then there is no better system out there then my Foreclosure Gold Rush System There is no better teacher out there then me. This may sound cocky or arrogant to some, but the fact of the matter is this…not only do I teach real estate, but I continue to buy and sell real estate every single day. I built my business around short sales, and am more than qualified to teach others how to do the same.

If you want to finally learn how to make big checks in real estate then you need to learn about my coaching programs . They’ll change your income and your life!

No Regrets Only Results,
Brian Evans