Double Escrow Funding Recomendations

Jeremy:

Thanks for considering me for your short sales needs. In terms of the coupon, I just discontinued the coupon you mentioned last Friday. The service that gave you that coupon will update as of tomorrow morning.

A good bit of the double escrow information, in addition to the double escrow exit strategy is in the earlier chapters as well. If I were you I would do all the chapters. It is only 5 hours and you can do it in one shot or break it down. At least see chapters 14 and 15 as well. That way you will not find isolated info.

The more complicated the financing, the less likely the double close will be successful. Chances are that if your end buyer has little or no down payment, and a federally backed loan, it will not work. That is clearly explained in the course. For this type of transaction you will need better quality end buyers. Sign up at www.bestshortsales.com/deaf/ for our next double escrow web meeting.

I look forward to doing business with you.

Sincerely,

Oscar

At 04:28 PM 10/5/2008, you wrote:

Hi Oscar,

I purchased the A-Z shortsell video.. Which by the way, I tried to use the USPS50 coupon code to buy and was not able to get the discount to take. I have been reviewing the sections on double escrows and assignment of contract sale. The end buyer who is being respresented by another agent then the listing agent. The buyer is getting VA financing, so I am not sure this will be a good fit. I saw on your site something about a dry and wet double escrow.. I did not find this in the material I downloaded. I’de love to do this deal, but realize it might not be the best. I would like to put together some other ones though. My friend and realtor has several listings for shortsale. I am sure we could get a few of these to work. I just want to be specific as to how disclose these transactions on the listings themselves. I’m anxious to do some investing in this market. So any help you can give and funding for these deals would greatly be appreciated..

Sincerely,
Jeremy

Jeremy:

I want to help you. For that you will need to bring all the components together in a ready to close state. Time is of the essence. So do it quick. Consider taking my Short Sales A-Z Course. There is a chapter dedicated to the exclusive subject of double close. Click HERE for more info.

Oscar

At 02:04 PM 10/4/2008, you wrote:
I don’t have those docs put together.. I do not know how to put these together.. I have the purchase contract I signed and the seller signed.. I have the release lien letter and instructions from the bank for the shortsale. The realtor has a purchase contract from the end buyer for 180K.. What other forms or addendums do we need to put together to facilitate this?

Sincerely,
Jeremy

— On Sat, 10/4/08, Oscar Morante
Jeremy:

I can help you with the funding. Let me know the timelines and
send me the acquisition and resale docs. We need at least 72 hours. Ideally we start a Monday and close a Thursday.

Oscar

At 12:24 PM 10/4/2008, you wrote:
Hi Oscar,
I saw your blog with a gal named Myrna after doing a search onyahoo and google for double escrows.. I was especially interested finding out more and the temporary funding you do to make this possible. I have a situation that may fit this type of transaction.. I have a friend who was loosing his house and I put in an offer to stall the foreclosure of the house.. I low balled expecting the bank to counter.. They accepted the offer. Meanwhile he had it listed with our realotr friend to try and get more offers on it for a real buyer to purchase. We found one who would like to purchase it for 180K and we had offered 150K with a bunch of junk fees netting the bank a payoff of 131K.. I’de really like to make a profit on this on even other in the future.. Please let me know how we can structure this and if you would like to provide the temp funding for this to close.
Oscar Morante

www.bestshortsales.com

www.rapidforeclosuredata.com