Rick Sarouk asked: I have done many short sale in the past 15 years and have faced rejection from lenders and homeowners 20-30% of the time. Does rejection bother me? Not in the least and I love it, since It provides more information so that I can improve my negotiation skills As with any sales [...]

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Biz9 asked: I want to be involved in real estate selling houses not apartments. What courses should I take and what is the best place to take them in NYC?

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J asked: I’m looking into getting my real estate license and wanted to see what the process is. Should I find a class and then take the exam? Do I have to take the class or can I get away with the study manuals? I’ve been buying/selling houses for a couple of years now and [...]

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Kari Shea asked: Has your home recently gone into pre-foreclosure? Do you need options? The scar that a foreclosure makes on your financial record is huge. Fortunately, there are plans that lessen the impact and help you recover your dignity at the same time. They are called real estate short sales.Perhaps your adjustable-rate mortgage has [...]

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capn bob asked: I qualify as a real estate professional for tax purposes. I own and manage over 25 rental properties. I have not claimed that status in the past. I have recently married and my husband has retirement and investment income in excess of the maximum income amount allowed under the [...]

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Terry Wygal asked: If you’re going to be working on a short sale as a real estate investor, a realtor, or even a homeowner, one of the most important things that you need to do is put together a complete short sale packet.  Without a complete short sale packet, your file will not even be [...]

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Caroline Telford asked: There are ten steps involved with short sales, which are:Finding real estate property that could be a short sale possibilityCheck out the propertyResearch the propertyLearn if there are liens on the propertyLearn about the mortgages on the propertyLearn about financing possibilitiesContact the lending companyFill out the short sale applicationPrepare the proposalNegotiate with [...]

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