This week your loyal compatriots here at the GreenHouse
Group have decided to get out of the general knowledge business, and into the
results game!
Our First Target – Targeting Listings
You might not know it if you weren’t looking, you might not
feel it if you weren’t tapped into the pulse of the sidewalk – but there’s a
ground swell occurring and its culprit are the BILLIONS of ARMS that just reset
right under your nose over the last few months.
Take a look at this chart courtesy of Josh White from First American Title, our "Local Info Expert":
Now, the reason why the time is NOW – is embedded in how and
when the result of these resets will show up. They won’t happen right away. But
you will see them starting to show up right about….NOW. Lets assume that your next client was one of
the one’s whose ARM reset in the peak month of March 2008. While reeling from the shock of the new
mortgage amount and still working off the same income (if not less – insert the
big R word here) they missed their next payment (May 2008). Now, while the lender is concerned, they
connect with the borrower and begin to figure out if it was just a misstep or
if this is the first of a series of missed payments that’s about to
happen. While the poor communication
drags on and the process moves slow, another 30 days moves past and another
missed payment. Now it’s June, and your
next client is 60 days behind. Red flags
go up and as the bank hustles for answers where there are none, another 30
days, and another late payment. Which
brings us to 2 very important places in time: 1) 90 days late and the NOD is
officially recorded, and 2) the Foreclosure process has commenced.
This is where they need options. This is where they need council on the differences between Short Sale & Foreclosure. This is where they need YOU.
July is the peak month for Short Sale Listing
opportunity. Do you have a action plan
and a Short Sale Kit to get started today? Well, if you don’t want to do them then you wont need one. But if you are interested in helping these
folks that need your help the most, then ask us what we have for our Realtor
Partners that we’ve found works really well to get them from where they are to
where they need to be, FAST.
It might be just what you’re doing, it might be a little different – either way its worth a call because, like Oprah says, “You do what you do when you know what you know, and when you know different, you do different.”
My Toll Free Line is 866-310-4002. I want your Loan Business and I have a responsibility to rescue you from the next loan hacks out there who are hoarding your potential and thwarting your ultimate referrabilty. I can’t wait to help you with your next deal.
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