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SHOULD I SHORT SALE MY HOME?


             HOMEOWNER’S GUIDE:


      HOW TO SURVIVE THE WORST
     REAL ESTATE MARKET IN HISTORY

                            By

                     Tom Damron

                           and

                Tim and Julie Harris




*This book and its content is not intended to give legal or
accounting advice. Readers of this book are advised to
seek additional information from their accountant and/or
attorney. The authors and co-authors are not accountants
or attorneys.




                                                       2
Table of Contents


Chapter One.
A National Epidemic Is Looming. Are You Ready?
Chapter Two.
How Bad Is It?
Chapter Three.
Ok, I Get It. A Short Sale May Be My Best Option.
Tell Me More.
Chapter Four.
What Is A Mortgage Foreclosure?
Chapter Five.
You Have Been Warned: Foreclosure Scams.
Chapter Six.
What Are The Options For Homeowners In
Foreclosure?
Chapter Seven.
You Now Want To Short Sale Your Home:
Top 10 Short Sale Questions, Answered.
Chapter Eight.
I Thought Rates Were Falling. Won’t That Help?
Chapter Nine.
Life After Short Sale...When You Want To Buy A
Home Again…FHA To The Rescue.
Chapter Ten.
Something You Should Know: The Death Of The
Home Equity Loan - Millions Of Homeowners Shut
Out.




                                               3
Appendix A.
Loss Mitigation Companies and Contact Info.
Appendix B.
What’s the difference between Short Sale vs. Short
Payoff.
Appendix C.
(Abbreviated) The Complete State-by-State
Guidebook on the most Common Foreclosure
Procedures (FLORIDA ONLY)

Biographies of Authors




                                                4
About the Author

Tom Damron, serial
entrepreneur, real estate
investor, loss mitigation
specialist, author, founded
MLS Direct Network of Central
Florida, Inc. in 2007 and
began developing the
Foreclosure Protection Team.
A resident of Silver Springs,
Florida, Tom is growing his
elite team throughout the state
in an effort to save as many homeowners from
foreclosure as possible. Tom says real estate
professionals partnered with his team are positioned
to make more money than ever, due to the system he
has in place. Any agent associated with the team
enjoys the benefits of highly skilled negotiators armed
with “ R eserved Leverage ” when dealing with
banks. Without “ R eserved Leverage, ” agents
can’t get as many deals done, thus doing an injustice
to themselves as well as the homeowner.

Tom welcomes real estate professionals and
homeowners alike to contact him directly to discuss
the advantages of the Foreclosure Protection Team.
He also hopes that everyone reading this book
realizes the value of a
        T ogether E veryone Achieves M ore!
Feel free to contact Tom at
tom@foreclosureprotectionteam.com.




                                                   5
6
About The Co-Authors:


                           Tim and Julie Harris have
                           been leaders since day one
                           of their careers. After selling
                           more than 100 homes in their
                           very first year and every year
                           there after. They gained
                           great acclaim when the
                           National Association or
                           Realtors named them Agents
of the Year in 1997. They were consistently rated on
the NARs lists of top 500 Agents in the US. They
were also the youngest and fastest to achieve the
Re/Max Platinum award. They are both Howard
Brinton StarPower Stars, and have been long-time
coaches for the Mike Ferry Organization. Having been
involved in thousands of real estate transactions, Tim
and Julie have shown their acumen not just for the
business itself, but their abilities to impact their
coaching clients.

Tim and Julie Harris are unique in the coaching and
training field because they have actually done what
they teach. In an industry filled with professional
‘speakers’ and ‘gurus’ whom have never sold real
estate or haven’t sold real estate in decades Tim and
Julie stand out - Matter of fact, they are still involved
in the real estate sales industry every day.

Tim and Julie have contributed directly to the success
of thousands of real estate professionals nationwide,
through their unique and proven techniques. With
over tens of thousands of coaching calls, they are
proud to have some of the most successful agents in

                                                     7
the country enrolled at The Harris Real Estate
University.

Every day, over 11,000 agents participate in a Harris
Real Estate University coaching program.

For more information, find Tim and Julie Harris at:
www.HarrisRealEstateUniversity.com




                                                      8

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Should I Short Sale My Home - Bios

  • 1. 1
  • 2. SHOULD I SHORT SALE MY HOME? HOMEOWNER’S GUIDE: HOW TO SURVIVE THE WORST REAL ESTATE MARKET IN HISTORY By Tom Damron and Tim and Julie Harris *This book and its content is not intended to give legal or accounting advice. Readers of this book are advised to seek additional information from their accountant and/or attorney. The authors and co-authors are not accountants or attorneys. 2
  • 3. Table of Contents Chapter One. A National Epidemic Is Looming. Are You Ready? Chapter Two. How Bad Is It? Chapter Three. Ok, I Get It. A Short Sale May Be My Best Option. Tell Me More. Chapter Four. What Is A Mortgage Foreclosure? Chapter Five. You Have Been Warned: Foreclosure Scams. Chapter Six. What Are The Options For Homeowners In Foreclosure? Chapter Seven. You Now Want To Short Sale Your Home: Top 10 Short Sale Questions, Answered. Chapter Eight. I Thought Rates Were Falling. Won’t That Help? Chapter Nine. Life After Short Sale...When You Want To Buy A Home Again…FHA To The Rescue. Chapter Ten. Something You Should Know: The Death Of The Home Equity Loan - Millions Of Homeowners Shut Out. 3
  • 4. Appendix A. Loss Mitigation Companies and Contact Info. Appendix B. What’s the difference between Short Sale vs. Short Payoff. Appendix C. (Abbreviated) The Complete State-by-State Guidebook on the most Common Foreclosure Procedures (FLORIDA ONLY) Biographies of Authors 4
  • 5. About the Author Tom Damron, serial entrepreneur, real estate investor, loss mitigation specialist, author, founded MLS Direct Network of Central Florida, Inc. in 2007 and began developing the Foreclosure Protection Team. A resident of Silver Springs, Florida, Tom is growing his elite team throughout the state in an effort to save as many homeowners from foreclosure as possible. Tom says real estate professionals partnered with his team are positioned to make more money than ever, due to the system he has in place. Any agent associated with the team enjoys the benefits of highly skilled negotiators armed with “ R eserved Leverage ” when dealing with banks. Without “ R eserved Leverage, ” agents can’t get as many deals done, thus doing an injustice to themselves as well as the homeowner. Tom welcomes real estate professionals and homeowners alike to contact him directly to discuss the advantages of the Foreclosure Protection Team. He also hopes that everyone reading this book realizes the value of a T ogether E veryone Achieves M ore! Feel free to contact Tom at tom@foreclosureprotectionteam.com. 5
  • 6. 6
  • 7. About The Co-Authors: Tim and Julie Harris have been leaders since day one of their careers. After selling more than 100 homes in their very first year and every year there after. They gained great acclaim when the National Association or Realtors named them Agents of the Year in 1997. They were consistently rated on the NARs lists of top 500 Agents in the US. They were also the youngest and fastest to achieve the Re/Max Platinum award. They are both Howard Brinton StarPower Stars, and have been long-time coaches for the Mike Ferry Organization. Having been involved in thousands of real estate transactions, Tim and Julie have shown their acumen not just for the business itself, but their abilities to impact their coaching clients. Tim and Julie Harris are unique in the coaching and training field because they have actually done what they teach. In an industry filled with professional ‘speakers’ and ‘gurus’ whom have never sold real estate or haven’t sold real estate in decades Tim and Julie stand out - Matter of fact, they are still involved in the real estate sales industry every day. Tim and Julie have contributed directly to the success of thousands of real estate professionals nationwide, through their unique and proven techniques. With over tens of thousands of coaching calls, they are proud to have some of the most successful agents in 7
  • 8. the country enrolled at The Harris Real Estate University. Every day, over 11,000 agents participate in a Harris Real Estate University coaching program. For more information, find Tim and Julie Harris at: www.HarrisRealEstateUniversity.com 8