Equity out of Thin Air Workshop
ByEquity out of thin air Workshop – June 5th
Patty Burgess and Kathy Gentner, two local DIG members will be coming to talk about how they have navigated the stormy economy by using proven methods in Philadelphia markets. Don’t miss this opportunity to learn:
• the advantages of a short sale over traditional transactions
• why a Lender/Buyer/Investor would be a party to a short sale
• the foreclosure timeline regarding a short sale
• options in lieu of a short sale
• 2 Different deal structures for short sales
• Fannie Mae, Freddie Mac, and title guidelines for flips (is flipping fraudulent?)
• how to calculate a deal
• short sale challenges with Seller/Lender/Buyer
• how to manage the seller’s expectations
• what it takes to do short sales
• the short sale process (Leads/Offers/BPO/Negotiations/Approval/Close/Title)
• the goal of the process
• how to develop your team
• seller documentation
• the BPO and lender negotiation
• the approval
• short sale title issues – getting to settlement
• exit strategies
• how to fund your deals
