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Thursday, October 22, 2009 9 a.m.—12 noon Held at the Cincinnati Area Board of REALTORS® 14 Knollcrest Drive, Cincinnati OH 45237 3 hours CE credit—fulfills Ohio elective credit Fee: $30 CABR members/$40 non-members Instructor: Sham Reddy
A “SHORT SALE”” refers to the fact that the “payoff” amount agreed to in the transaction is indeed, shorter than the mortgage balances on the property. This technique can be an opportunity to make the very best of an otherwise very unfortunate situation and possibly a win-win of sorts for most all of the parties involved in the sale. This is just another “tool” in your toolbox to succeed in the real estate investment business. Topics of discussion: · Understand the difference between short sale and foreclosure · Review 3-Phases of a property that is a subject of a foreclosure · How and where to find prospects for a short sale · Issues as they apply to seller, lender and purchaser · Nine vital steps involved in working a short sale · Explaining benefits of a short sale to consumer · Ways and means of working with the lender · Marketing the property · Handling multiple mortgages · Techniques for making the process flow efficiently
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All About a Short Sale
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Sham Reddy |
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What You Need to Know in Today’s Market |
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Sham has fifteen years of experience in investment real estate and creative ways to move the properties in any market. Specializing in short sales, bank owned property sales and government owned property sales. He is very involved in the community service organizations to help homeowners avoid foreclosures with creative means to either retain ownership of the homes or to short sales saving their credit. Sham specializes in negotiating real estate sales, foreclosure sales, government owned property sales, working with investors, conducting seminars and workshop on specialty topics for state required continuing education for Realtors.
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