Short Sales Foreclosures Re Os Instructor Power Point V3[1]
1. An Agent’s Guide to Short Sales, Foreclosures, and REOs Master the Market of the Moment Breakthrough to Mastery
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6. The Foreclosure Process Page 11 REOs Postforeclosure Foreclosures Public Auction Short Sales Preforeclosure Three Phases of Foreclosure Process and Three Areas of Business Opportunity
7. The Foreclosure Process (continued) Phase 1: Preforeclosure Short Sales Phase 2: Public Auction Foreclosures Phase 3: Postforeclosure REOs 1. Homeowner misses loan payment . 30 60 90 120 150 180 210 240 270 300 330 360 390 days 2. Late charges begin accruing. 4. Notice of Intent to Foreclose publicized. 5. Auction 6. Redemption Period 7. REO 3. Lender sends Notice of Default. 0 Pages 12-13
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17. Short Sales (continued) Page 28 The Eight Steps to a Short Sale Close the Deal Step 8 Negotiate the Deal Step 7 Submit a Proposal Step 6 Obtain an Offer Step 5 List the Home Step 4 Develop the Proposal Step 3 Open Communication Step 2 Gather Information Step 1
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Editor's Notes
Version: 3 Revision Date: August 2008 Note: For maximum impact all attendees should have their own copy of An Agent’s Guide to Short Sales, Foreclosures, and REOs .