We mentioned last time that you can specialize in the real estate market niche of Short Sales. While not easy, they're not that hard on paper. "The Devil's in the Details", as Bill's partner Dixie is prone to remind him. Short Sales for the most part is a recipe. You have all the ingredients and out comes a cake. But there are cooks and there are chefs. Without being a chef, attention to detail is important.

We've seen that by talking to the bank, a homeowner facing foreclosure may be able to convince the bank to lower the amount they owe so they will be able to sell the home, pay the real estate agent and not lose any money out of pocket. They may even be able to walk away from the mess with a little extra cash.

Recipe for a Short Sale:

* Find a homeowner who needs help.

* Authorization To Release Information - so you can discuss the homeowners situation with the bank.

* Collect the paperwork required by the bank. Paperwork and lots of it.

* Broker Price Opinion (BPO) - critical to a Short Sale.

* Mix it all together and allow it to cook and voilà!

You have a successful Short Sale.

You can play the white knight who rides in and acts as the middle man between a homeowner and the bank. You help them sort out the deal so they can avoid foreclosure, and get back on track to reclaiming their lives. You not only work with homeowners, but also can teach realtors and investors how to use this system to generate much needed sales in a struggling home market.

Thanks for the ear and have a great day.

More info on your stop foreclosure information search:

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