Are You Ready For The Wave of Short Sales?

We all know now that foreclosures are on the decline, and short sales are on the increase! There are severalreasons why this obvious trend is currently taking place in the realestate market.

Underwater House

Many have improved their processing times dramatically for short sales, or are in the process of implementing much more efficientsystems.
Lenders have realized for some time that foreclosure proceedings are very costly, not to mention the fact that properties deteriorate incondition. They know the difference between the amount they recover froma short sale versus a foreclosure is very significant, and are doingwhatever it takes to cut their losses.
High numbers of foreclosures and non-performing assets make lenders look bad to their investors and share holders and can also effect theirrelationship with the FDIC in a very bad way
The new HAFA short sale program offers excellent incentives and pressure on the lenders to approve them in a timely manor
New flip laws are encouraging more investors to buy them again
Lenders are in the lending business, NOT in the property management and asset disposal business!

All of these factors combined will make 2010 "The Year of the Short Sale"

Are you prepared for the wave of short sales?

Check out our FREE short sale agent networking and resource site, www.TheShortSaleGuide.com,
as well as ourlisting referral program and online training course!

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Replies

Jerry ahuja July 21, 2010 at 5:54am

Mike,

I was told my area is full in alameda, contra costa, san mateo, santa clara, counties. How can i add myself into the network

thanks

Jerry
Michele Blinn-Barreiro June 20, 2010 at 4:02pm

Mike
Will you have leads in New Jersey? You do have great feedback from agents. I noticed you did not answer the question about NJ previously.
Thank you
- Mike Linkenauger > Michele Blinn-Barreiro July 10, 2010 at 8:49am
  
  Hi there Michelle! We BADLY need a few new agents in Jersey! Its probably the one state in the country that we are currently lacking the most in. Join and you'll get alot of listings VERY quickly from us.
  - George Bellino > Mike Linkenauger July 13, 2010 at 11:44pm
    
    I signed up for NJ over two weeks ago and I haven't heard anything yet. Please advise if there's a problem. Thank you
    - Mike Linkenauger > George Bellino July 16, 2010 at 7:17pm
      
      Hi there George! If you got your network agreement back and received the welcome emails from April you should be set up and good to go to get started. If you didn't receive the welcome emails definitely give April a call Monday at (877)737-4903 and kindly introduce yourself. You may want to do that anyway if you haven't spoken to her or anybody at the office yet, again, New jersey is definitely one of our busiest states in the country. Things do go in "waves" and NJ has been rather slow the last couple weeks for some reason. If you did get the registration and welcome email from April, You'll likely get something in the next week or so and should be good to go!
      
      Mike
      - George Bellino > Mike Linkenauger July 17, 2010 at 9:54am
        
        Took care of everything and got our first lead. Thanks and look forward to many more.
        
        Mike Linkenauger > George Bellino July 20, 2010 at 7:25pm
        
        Welcome to the network George! Glad to hear things work out. Hope you make use of the opportunity for the free designation now as well!
        
        Mike

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