Short Sale How To Do It

Donald J. Leske II
Designated Senior Broker
Emily Leske / Lic. Agent
BCI PROPERTIES, LLC
Mail: P.O. Box 44065,
Tacoma WA 98448

Office Location:
10909 Portland Ave.
Tacoma WA 98445
Office: (253) 531-1010
Cell: (253) 241-6695
Accounting: (253) 324-9699
Fax: (253) 531-5358

We adhere to the Fair Housing Act
HUD LAW info link

Parent website: www.HomesandProperties.com

NEED A HOME LOAN? CALL:

Ben Leske / Loan Officer
Call: (253) 202-3355

SHORT SALE HOW TO -

Here is an email I sent to a new client, a "to-do" list to get started putting up your home for a Short Sale:

Please be aware that with a short sale, there are Negotiator fees to pay of $995 flat that either buyer, seller or the agents involved will need to pay at Escrow. Generally the Sellers Agent and Buyers Agent will split these fees, to be paid out of their commissions at time of sale. Please review these forms that need to be filled out by Seller, Sellers Agent, buyers and buyers agent. We will want Attorney's Title to handle all of our Title reports, Escrow and Negotiations....as needed, see the Title companies main page at: www.attorneystitlewa.com then click on Forms & Rates, then Short Sale Negotiation Forms link at; www.attorneystitlewa.com/forms.asp

Sellers ONLY... need to review, sign/date and return forms seen at: www.attorneystitlewa.com/Standard_package.pdf about 27 pages of info, but we only need the signed pages back.

Sellers and their Agent (Hopefully Don Leske II) plus Buyers and their Agent... need to also review and then sign & return forms at: www.attorneystitlewa.com/ProfessionalSvcsAgt.pdf only 8 pages, we only need back the signed or marked pages.

Then there is the actual Listing Agreement itself. I will fill it out ..then the sellers will need to review and make any changes or updates they feel are important or needed..., then sign/date or initial as seen and return all pages back to me.

Please know that this can be a 4-6 month process all in all and there is no guarantee of a sale, of course.

They may find that if they call their Lender, that they will be told that they must be 2 or 3 months behind before they will negotiate at all. So, if they see that this is true then they would need to stop making payments if they have not already done so by now. Call me today.

NOTICE: SHORT SALE RULES HAVE CHANGED BY FEDERAL LAW
Read this article before proceeding. Posted October 16, 2009.... Click Here! [PENDING APPROVAL OF THE AUTHOR]
See the article here meanwhile: http://www.brokeragentsocial.com/article.php?article_id=523

Real Estate Investment disclosure: Any homes or real property bought by, for or to benefit the partners of BCI Properties, LLC are done so for a profit only. Sellers are advised to seek counsel or advice of a Real Estate Attorney anytime a contract or agreement is made to buy or sell real property of any kind. Some of the things we look for include properties or homes that about to go into foreclosure to help the home owner avoid a Bank Repossession. These are also known as bank repos and may end up as REO properties. We specialize in Real Estate Investments and distressed properties. Areas we work in include Pierce, King and Thurston Counties of Washington State. Any Condition. Any Price. Anywhere. We Buy Foreclosures and Real Estate of all types. Our finances include but are not limited to cash, finance & investment resources. We work with 1st time investors and savvy professional real estate investors to find great deals. Our goal is a 3% fee or commission overall for listing a property for sale but this is negotiable, also there is a 2-3% fee for the selling agency. Total negotiable fees can be from 5-10% on average depending on settlement. We are Washington State Licensed Real Estate Agents working for BCI Properties, LLC, a Licensed Real Estate Broker in Tacoma, WA.