21 seller criteria powerpoint

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Seller Criteria Not all are created equal! Stay far away from home owner who do not recognize the life saver being thrown at them. www.your-solutionsgroup.com

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Short Sale Seller Criteria

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Seller Criteria

• Not all are created equal!

• Stay far away from home owner who do not

recognize the life saver being thrown at them.

www.your-solutionsgroup.com

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Acceptable Short Sale Candidates

• A continuing hardship

• Willing to work with us...no friction

• At least 3 payments behind

• Notice of default is filed, foreclosure begun

• No equity

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• Property needs repairs

• One or more multiple liens/mortgages

• Listed for sheriff's sale

• More than 10 days before going to auction

Acceptable Candidates

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Unacceptable Candidates

• Not in compliance in showing or sign listing agreement

• Don’t want to show

• Creates friction

• Not a hardship...has money to make payments

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Unacceptable Candidates

• Property has a lot of equity

• Sherriff sale less than 10 days away from auction

• Owner requests to stay in property

• www.your-solutionsgroup.com

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Questions to ask Candidates

1. What is the address of the property?2. Do they have a foreclosure date

pending? When?3. Can they make more payments to

keep the house?4. Do they want to sell or keep the

house?5. What do they owe on the property?

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Questions to ask Canditates

6. Do they have other liens?7. Does the house need any repairs?8. How many payments are they behind?9. Who is the owner? Anyone else on

the deed?10. Is the house vacant, owner occupied

or being rented, and when can they move out?

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Questions to ask Candidates

11.What type of loan...F.H.A., V.A. or conventional?

12.Has anyone else tried to contact the bank?

13.Have they ever filed a bankruptcy, and has it been dismissed x the trustee?

14.What is their goal in working with you?

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15.Can not give them any money...

16.Any additional information that you need to know about the house?

www.your-solutionsgroup.com

561-228-8889

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How to get started?

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Need Documents...

• Call our team: (561) 247-1266

• Receive docs for the home owner

• Qualify home owner

• Send docs to home owner

• Meet with home owner

• Email or Fax docs into our system

• Schedule time to meet with our BPO

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PATLIVE.COM/SIGNUP/SSF HAS SCRIPTS

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.WHAT IS THE ADDRESS OF THE PROPERTY INCLUDING

ZIP ALL BASICS

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.DO THEY HAVE A FORECLOSURE DATE

PENDING, WHEN

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.CAN U MAKE ANY MORE PAYMENTS TO KEEP THE

HOUSE

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.DO U WANT TO SELL OR KEEP

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.WHAT DO U OWE ON THE PROPERTY, MO PAYMENTS

AND BALANCE?

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.DO U HAVE ANY OTHER LIENS

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.DOES THE HOUSE NEED ANY REPAIRS…WHAT ARE

THE ISSUES

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.BEHIND IN PAYMENTS, HOW MANY?

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.ARE U THE OWNER…ANYONE ELSE ON THE DEED

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.IS THE HOUSE VACANT, OWNER OCCUPIED, AND

WHEN CAN THEY MOVE IF RENTED?

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.WHAT TYPE OF LOAN..FHA, VA OR A CONVENTIONAL.

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.HAS ANYONE ELSE TRIED TO CONTACT THE BANK

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.HAVE THEY EVER FILED A BANKRUPCY, AND HAS IT BEEN DISMISSED X THE

TRUSTEE

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.WHAT IS THEIR GOAL WITH WORKING WITH YOU

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.CAN NOT GIVE THEM ANY MONEY

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.ANY ADDITIONAL INFO THAT I NEED TO KNOW

ABOUT

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NOT ALL ARE CREATED EQUAL

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STAY FAR AWAY FROM THE H.O. WHO DON’T

RECOGNIZE THE LIFE SAVER WE ARE THROWING

AT THEM.

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THERE ARE OTHERS WHO ARE SCREAMING FOR

US..NO TIME OR KNOWLEDGE TO GET S.S.

ACCEPTED

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A COMPLETED FORECLOSURE ON THEIR

CREDIT CAN SAVE THEM 2-3 YEARS ON THEIR CREDIT.

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UNWILLING OR UNMOTIVATED SELLERS

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MUST BE READY TO LEAVE THE PROPERTY TO ASSIST

US WITH COMPLETING THE S.S.

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MUST HAVE A LEGITIMATE HARDSHIP…VERY

IMPORTANT

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ACCEPTABLE S.S. CANDIDATES:

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A CONTINUING HARDSHIP

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H.O. WILLING TO WORK WITH US, W/ NO FIRICTION

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BEHIND ON PAYMENTS, AT LEAST 3 PAYMENTS BEHIND

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LIS PENDANCE, N.O.D. IS FILED…FORECLOSURE

BEGUN

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NO EQUITY

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PROPERTY NEEDS REPAIRS

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ONE OR MORE MULTIPLE LIENS MORTGAGES ON THE

PROPERTY

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PROPERTY LISTED FOR SHERRIFS SALE, AND THERE

MORE THAN 10 DAYS BEFORE GOING TO

AUCTION SALE

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UNACCEPTABLE CANDIDATES:

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NOT IN COMPLIANCE IN SHOWING…DON’T WANT TO SIGN LISTING AGREEMENT

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CREATE FRICTION

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NOT IN A HARDSHIP, HAS MONEY TO MAKE

PAYMENTS

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PROPERTY HAS A LOT OF EQUITY

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SHERRIF SALE LESS THAN 10 DAYS AWAY FROM

AUCTION… 2 STRESSFUL

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H.O. REQUESTS TO STAY IN PROPERTY…DO MODIFICATION

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QUESTIONS TO ASK CANDIDATES

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PATLIVE.COM/SIGNUP/SSF HAS SCRIPTS

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.WHAT IS THE ADDRESS OF THE PROPERTY INCLUDING

ZIP ALL BASICS

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.DO THEY HAVE A FORECLOSURE DATE

PENDING, WHEN

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.CAN U MAKE ANY MORE PAYMENTS TO KEEP THE

HOUSE

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.DO U WANT TO SELL OR KEEP

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.WHAT DO U OWE ON THE PROPERTY, MO PAYMENTS

AND BALANCE?

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.DO U HAVE ANY OTHER LIENS

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.DOES THE HOUSE NEED ANY REPAIRS…WHAT ARE

THE ISSUES

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.BEHIND IN PAYMENTS, HOW MANY?

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.ARE U THE OWNER…ANYONE ELSE ON THE DEED

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.IS THE HOUSE VACANT, OWNER OCCUPIED, AND

WHEN CAN THEY MOVE IF RENTED?

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.WHAT TYPE OF LOAN..FHA, VA OR A CONVENTIONAL.

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.HAS ANYONE ELSE TRIED TO CONTACT THE BANK

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.HAVE THEY EVER FILED A BANKRUPCY, AND HAS IT BEEN DISMISSED X THE

TRUSTEE

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.WHAT IS THEIR GOAL WITH WORKING WITH YOU

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.CAN NOT GIVE THEM ANY MONEY

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.ANY ADDITIONAL INFO THAT I NEED TO KNOW

ABOUT

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