South Carolina Short Selling

Take advantage of record high foreclosure rates.

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This one day class provided by the Real Estate School for Success will be taught by one of the states premier real estate investors. This highly coveted course is provided to investors all over the state for $975. We are offering this class for a short time for only $300. Seating will be limited to the first 30 individuals desiring to add another service and additional income to their business.

A Fannie Mae executive said the mortgage giant is testing a new program aimed at reducing the number of foreclosures by pre-approving short sales where homeowners sell houses for less than the amount owed on them. Kevin Brungardt, vice president of servicing management at Fannie Mae, said the company will determine an acceptable listing price for a so-called "short sale" even before a buyer has been found. Read more at http://realtytimes.com/rtpages/20080411_investorreport.htm

Foreclosures hit another record high in 2008 and expected to be worse in 2009. Service Providers are now thinking that Short Sales will be a much better alternative than foreclosure. This “Niche” will be a large part of a Real Estate Agents business over the next few years. Commissions paid to agents in short sale are huge and typically paid by the Service Provider. Real Estate Agent MUST be trained in the appropriate documents required to complete a short sales as well as negotiating techniques with loss mitigators.