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(EMAILWIRE.COM, December 11, 2007 ) St. Augustine, FL—A short sale is where the bank takes a lower payoff amount in order to allow the owner to sell the home and avoid foreclosure. In most cases the bank does not want the owner’s property. It can cost the bank tens of thousands of dollars to foreclose, rehabilitate, market and sell a property. By the bank taking less than what they are owed actually nets tem more money in the long run and helps the owner avoid the credit issues associated with foreclosure.
The time frame varies on every transaction of a short sale. In general each bank has different policies and procedures some take longer than others. On the average, it will take a month and a half from the time the offer is received, until the short sale is approved. Homes with a first and second mortgage can take longer, because the owner has to negotiate between two separate banks. A short sale is necessary when the owner of the property falls behind in their payments and knows that they cannot bring the loan current and no longer can afford the monthly payment or when the owner knows that foreclosure is eminent then it is time to consider a short sale. Sometimes in these conditions a short sale may not be necessary if there is equity in the home. Jeff Kaller, visionary, educator and real estate developer has pioneered the most preeminent pre-foreclosure system in the United States.
Kaller specializes in a well kept industry niche; he teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. For 11 years Jeff Kaller has created the most powerful information available on Short Sales. People from all over the country have benefited from his most cutting edge strategies. Kaller teaches people how they can Fast Learn the real estate investment skills to profit from foreclosure frenzy, 100% legally and ethically. “Jeff Kaller has given me the road map to take my life to a new and exciting level. Everything about Jeff Kaller’s event was tops. I think the revolutionary business system that Jeff has introduced me to is second to none.” Says, John E. C., Greensboro, NC
Additional tips to creating wealth include: Follow the piles of cash. Find people who have successfully http://FreeShortSaleCourse.com [created wealth] and learn from them. Remember, it’s not only what they know, but from whom they learn it. Learn from someone who is more successful. Learn the tricks of the trade and http://FreeShortSaleCourse.com [the best in short sale tips] from someone that has actually built wealth and not just talk about it. Forget the past. It does not matter who they are or from where they came. Everyone deserves to be a millionaire.
Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)
Mary Geronimo
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.FreeShortSaleCourse.com
Paramount Promotions LLC
Mary Geronimo
904-819-0676
mgeronimo@thejeffkaller.com 
Source: EmailWire.com
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