It was crushing, thinking I was hyperventilating, could not breath, totally could not understand how they were exiling me, heart and soul of the business. In my mind I was the backbone of this business, they had the audacity to be ousting me.

I did not know how I was going to explain to my wife. She as well as I thought that things were going great, because I had always been the one that thought that doing what was needed and not complaining about it would let you have a secure position .. Was I in for a surprise.

I was devastated, can't understand why?

What was I to do? The job market was at and all time low, for every ad there were 100's of applicant going out there for those position, it like a crap shoot. Was not any way I could be out of work for a long period did not have the nest egg to not have a weekly check to make ends meet.

I was watching one of those late night infomercials, you know the ones where they tell you about how you can start a business and live a better life. A couple days went by and I had one of those aha moment. Where I could see me making this work.

Real Estate Market is in a Nose-Dive,

The biggest slump in U.S. housing history , could potentially make you a millionaire!

According to a recent report 1 in 5 real estate transactions are a short sale!

I have a friend that's doing Short Sales, he's doing easily over $30,000 a month, I get started getting all the information on how to do Short Sales Transaction.

I had to ponder on a question as I began my quest of how could I do this, people think of the folks who work in this field as some type of ruthless, heartless blood sucker, nothing could be farther from the truth the people who work in short sales are there helping the home owners and banks out The home owners cant afford the house any more, because of some family hardship, (loss of job,medical,divorce,death,Etc) the bank does not want it setting there costing them because its vacant. If the bank has to take the property back there lot of expenses that they have to pay. Usually a short sale in real estate occurs when the Mortgage loans against a property are greater than what the property can be sold for. As with most properties today with adjustable Rate Mortgage (ARM) loan. When the interest payment increase can make the home owner unable to make the notes from this point forward.

Owners will take this loan to get the home that they want, even if there payment will be more than they can afford once the interest rate start to increase from the low rate that they took possession of the property with. The earlier you can get in touch with the homeowner in the foreclosure the better the deal, because getting the homeowner to agree to your terms, let you negotiate with the lender to resolved the loan. Workout a deal in Pre-foreclosure you can get it under purchase contract to stop foreclosure the foreclosure procedure..

First you need to get the home owner to get all of his bills together so you prove their hardship, why they cant afford the home any more.

You need pictures to go along with your Property loss evaluation sheet to show why the home is not worth what is owed on it (BPO) goes out to look at it and give the bank his evaluation, you'll want evidence to justify where you can get the Loss Mitigation Officer to agree closer to the offer that you are making.

You'll need owners to sign a power of attorney giving you the right to talk to the lender about the financial on the property on their behalf.

The Owners agree to your contract then you'll send your Short sales Packet over to the Loss Mitigation Department once accepted, you'll be issued a closing date, you must close, most likely will not be given any extension to close.

The investor will get the funds from hard money lenders the lender rate are higher but they can get the funds they usually have buyers in place to purchase the property with in 30-90 days so that they can cash out and get there profits.

The investors that work this arena do not buy and hold, they have buyers in place so that they can move the contract when they close the deals.

More info on your stop foreclosure information search:

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