HOMEOWNER SHORT SALE ASSISTANCE PROGRAM

Are you already doing short sales or thinking about offering short sales as a way to open up more business for yourself? 

HSSAP offers: 
-Guaranteed leads
-Exclusive territories.
-Training and Certification
-Website and Marketing
-On-line Resource Center

The Homeowner Short Sale Assistance Program can help you build a thriving short sale business.

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Recent studies by home builder trade groups show more than 50 percent of 2010 home sales were tied to first-time buyers, many of whom snapped up foreclosed homes and other distressed properties. 
 
Experts believe getting first-time buyers off the sidelines to take advantage of historically low interest rates and greatly reduced home prices will reduce the glut of homes on the market and spark a recovery. Some point out that first-time buyers are helping to revitalize communities in Florida, California, and other states hit hard by foreclosures.

 However, distressed properties often sell for 20 percent less than traditional properties, and the increase in lower-end sales is driving down the national median home price.

Good news on the mortgage front, the Federal Reserve announced at its regular meeting that it intends to keep its key short-term interest rate - the federal-funds rate - at or near zero for the foreseeable future.

"Although the economic outlook has improved modestly since the last meeting, partly reflecting some easing of financial market conditions, economic activity is likely to remain weak for a time," the Fed said. One of the Fed's primary goals is to keep mortgage interest rates low, giving real estate time to recover.
 

But, getting financing to buy a property can be tough these days.

Lenders are examining everything about potential borrowers before they agree to lend money to people who want to buy or current owners who want to refinance.

 Condos have been hit hard by the foreclosure crisis and are are expected to lag in the recovery.
 "There's a recognition that a lot of condos are in weak hands," said Mike Larson, an analyst at Weiss Research in Florida. "There's a lingering fear that there will be more fallout and that's why more conditions are being attached to condo loans."

 The market is likely to stabilize at the end of this year say some analysts, including William Rich, vice president at the research firm Delta Associates. But the date isn't certain, according to Rich, because "There's always a lag time between when conditions change and when the banks respond."

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The most successful businesses are built on a strong foundation of referrals. Nothing demonstrates better the measure of our performance than a recommendation from a past client. Join Bill as he shares the latest ideas, tools and techniques for building and growing a referral based business. A don't miss program for anyone who wants to double their number of qualified referrals.

Friday, March 25th, 2011
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