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Short Sale Calculator to improve your approval rate

by Domoreshortsales

Last updated: 05/08/2011
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- POLL: Future of Shor…
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Short Sale Calculator Tool for Correct Numbers

When you do short sale calculations you have to work with a lot of numbers. To help determine the offer you'll present to the bank (and ultimately your profit) you must correctly calculate all figures. While working on Short Sales for homes in pre-foreclosure I created 2 Excel File Spreadsheets I call my Short Sale Calculator.

You should have a system or method to help you determine your holding cost. If you don't calculate properly and your bank offer is too high then you can't maximize your profit potential. That is why it's so important to know what your cost will be before you make an offer. While you can't determine holding cost precisely a method or format to calculate all cost can help minimize mistakes.

The short sale calculator compares the benefits of a Short Sale to the lender as opposed to allowing a Foreclosure (or REO). The results can be used to prove they will be better off approving the Short Sale (assuming they are) than taking possession of the home. Numbers don't lie so prove it to them and have a better chance of acceptance (and a BIG payday)!

Want a copy of the Excel File Calculator? (Only $10)
Email me at: robi492@bellsouth.net

Short Sale Tools

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Short Sale Calculator for Wholesaler and Investors

The Wholesale and Investors Profit Short Sale Calculator can help you determine the price to sell (or assign) the home to get the profit you want plus it shows you (or the investor you assign to) how much they'll profit after rehab cost (if necessary) and sale of the home.

I've done a number of Short Sales and was looking for a way to quickly help me compile the numbers so I developed these two Short Sale Calculators. It works great to get the task done. You can even enclose in the packet you send to the bank. The results speak for themselves. All figures automatically calculate as you enter numbers. Formulas are preset to add, subtract, etc. as necessary.

I've already sold over 100 of these helpful Short Sale Calculators. You can get both the Wholesale and Investor Profit Calculator and the Short Sale Calculator for an amazingly low price of $10.

Want a copy of the Excel File Calculator? (Only $10)
Email me at: robi492@bellsouth.net

Complete Short Sale Training Program

CLICK HERE TO: Unlock the Hidden Wealth in Preforeclosures

Don't Pay for High Priced Seminars

BONUS!!! Free Short Sale Calculator when you buy one of my other products.

Serious about doing Short Sales and still learning? Check our either Training Course On Video or Unlock the Hidden Wealth in Preforeclosures. What is great about either of these systems you can learn in the comfort of your home.

Don't pay the price of high cost seminars. You can get these for less than a one nights stay in a hotel if you're attending a seminar, plus you can use it over and over again.
Want a copy of the Excel File Calculator? (Only $10)
Email me at: robi492@bellsouth.net

POLL: Future of Short Sales

Tell Us What Do You Think Will Happen in the Foreclosure Market

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Other Short Sale Lenses

Your Short Sale Calculator Comment or Other Related Topic

Reply

jooloonga Jan 21, 2011 @ 4:40 pm | delete

Very Informative lens, thank you.

Don't trust chop-licking lenders and get ripped off!
Be an informed borrower, go to this new
Mortgage Payment Calculator and advice lens.

Reply

restate2010 Oct 12, 2010 @ 10:48 am | delete

Just thought you might like to know that there has been a new bill introduced in the U.S. Congress that would impose a deadline on lenders to respond to short sale requests within 45-days.

Bipartisan bill (H.R. 6133), sponsored by Reps. Robert Andrews (D-New Jersey) and Tom Rooney (R-Florida), just may get the banks off their butts.

Congressman Rooney is quoted as saying, ?I have heard from many short sellers in Florida whose potential homebuyers have walked away because they couldn't get a ?yes' or ?no' from their lenders. This bill would spur growth in the housing market by helping sellers and buyers complete short sales quickly.?

I would agree with the Congressman. I believe that it will not only speed up the process, but I think the banks will lean towards accepting more short sale offers when pushed in the corner, but only time will tell.

Reply

Vicki Apr 12, 2009 @ 3:15 pm | delete

This is a great tool

Reply

Stephanie Mar 25, 2009 @ 10:59 am | delete

Great site. Didn't know there was such a thing as a Short Sales Calculator. I will definately look into it.

Reply

NOPsites.com Jul 31, 2010 @ 4:21 pm | delete

How about an online short sale management system with no setup fee?

Go to this link: http://saveyourshortsale.com/shortsalemanager.html

Builds short sale packages online and more.

Additional Features of the Short Sale Management System include:
? Online access for all parties involved in the transaction
? Manage all files online from any location
? Build instant short sale packages in less than 15 seconds
? Web Based HUD-1 Generator
? Web Based BPO Builder
? Pull Comps online
? Daily, weekly, monthly planner
? Optional email updates to all parties
? Public and Private Notes on each property
? Time-stamped activity log with lenders
? Unlimited document storage for each user
? Lender specific documents in place
? Easily navigate between properties
? Assign negotiator to any file
? Negotiator notes
? ?Closing? checklist
? Status bar and tracking system for each property
? Checklist of tasks completed
? Record and save buyer offers and documents
? Additional business and marketing tools.