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Short Sales A-Z™ Online Class Chapter 20

Chapter 20
Processing 6 – Settlement & Closing

 

The skill of finessing the final stages of any real estate transaction is extremely valuable. When it comes to short sales and other distress transactions, this is skill is almost an art form. That is what this chapter is all about. It teaches exactly what it takes to close short sales effectively and get paid.

Objective:

  • Understand how to settle the seller’s debt by the purchase and sale of the collateral property.
  • Be able to distinguish the different types of settlement letter.
  • Know how get further cooperation from the seller.
  • Learn how to gain more time from the creditor.
  • Know how to close the short sale transaction.

Outline:

  • Debt settlement
    • Settlement letters
    • Types of settlement letters
  • Final HUD 1
  • Increasing homeowner cooperation
  • Gaining more time
  • Transaction funding
  • Use of short sale processing flow chart
  • Sample document analysis

Time:

  • 10:46 minutes

Short Sales Class Chapter 20-1

Short Sales Class Chapter 20-2

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Learn about each chapter of the
Short Sale A-Z™ video course.

Chapter 1 Chapter 2 Chapter 3 Chapter 4
Chapter 5 Chapter 6 Chapter 7 Chapter 8
Chapter 9 Chapter 10 Chapter 11 Chapter 12
Chapter 13 Chapter 14 Chapter 15 Chapter 16
Chapter 17 Chapter 18 Chapter 19 Chapter 20
Chapter 21 Chapter 22 Chapter 23 Chapter 24
Chapter 25 Chapter 26    

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