The Short Sale Partner Program
This program is for buying and reselling Pre-foreclosure-Short Sale properties. With the foreclosure market setting records month after month, being able to tap into this segment of the market can be extremely rewarding.
You partner with us;
Our group will contract with to purchase the property;
Our team will do the negotiating with the lender to completion.
When short sale is approved by lender we will go into standard purchase contract.
My group provides the money to purchase the property from the bank.
Our team (with your help) helps locate an end buyer.
My group provides to financing to the qualified end buyer if needed.
You provide some consideration. (Please see Disclosure below)**
You share in the profit (spread)-WIN-WIN!!
Short Sale-Case Study
Short Sale-Case Study 1
Property: 3-2-2 1800 sq ft, needs $5-$9K in minor repairs
Debt: $200,000 loan balance, one mortgage
Value: Comps between $140-$190K in past six months
Estimated sale price $150K
Short Sales Acceptance: - Net to the Bank $109,000 (A-B transaction)
Re-Sale Price - $140,000
Net (after expenses) to Investor $133,000 (B-C transaction)
SPREAD $20,000
Short Sale-Case Study 2
Property: 4-2-2, Needs no repairs
Debt: $265,000
A-B Transaction (Bank to Investor)
Purchase Price: $150,000
Seller Concessions: $ 9,000
Cash from Investor: $141,000
B-C Transaction Investor to End Buyer
Purchase Price: $170,000
Closing Costs: $ 11,380
Cash to Investor: $158,000
Expenses: $500+ Commission on A-B $6000
Gross Profit: $ 23,620.00
minus Comm. $ 6,000.00
SPREAD: $ 17,620.00