Short Refinance Bootcamp Part 1

Comments (2)
July 28, 2008

What is the definition of a Short Refinance? Can a Short Refi actually help you and your family avoid foreclosure, reduced the amount that you owe against your home, and save your credit no matter how much you know?

This is the first episode in a nine-part video series where we’ll be discussing the topic of getting a short refinance on your home, how you can qualify,the obstacles you will face, and what you need to do to streamline the process.

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2 Comments, Comment or Ping

  1. OH MY GOD MAIN YOU ARE LIKE SUPER AMAZING!!! I CANT BELIEVE YOU HAVE MASTERED THIS ALREADY… THIS JUST CAME OUT AND YOUR ALREADY DOMINATING THIS AND BREAKING IT DOWN SO WE CAN ALL COME UP!!!
    YOUR LIKE THE WHITE OBAMA = ) I VOTE FOR YOU TO FIX OUR ECONOMY!!
    GOD BLESS YOU MAN!!
    I JUST STARTED DOING THIS IN VENTURA COUNTY AND WAS SENT YOUR LINK RIGHT AFTER I SENT OUT MY FIRST PACKAGE.
    I WAS WAY OFF AND YOU MADE IT SEEM SO BASIC AND EASY,
    IT MAKES PERFECTSENSE WHAT YOU EXPLAIN…I FELL RETARDED THAT I DIDNT DO IT LIKE YOU JUST DESCRIBED… I’VE BEEN AN ESCROW OFFICER FOR 7 YEARS NOW AND IM USUALLY THE YOUNG DUDE WITH THE GREAT IDEAS!!
    LET ME ASK YOU THIS THOUGH, NORMALLY IF ITS A REFINANCE IN CALIFORNIA, WE DONT REQUIRE A LISTING AGREEMENT OR A PURCHASE CONTRACT??
    WE JUST USE ESCROW INSTRUCTIONS AND A PRELIM AND WERE GOOD TO GO.. SHOULD WE BEING DOING LISTING AGREEMENTS THEN FOR A REFI?????
    GOD BLESS YOU AND WHAT YOUR DOING!! YOUR A TRUE AMERICAN WHO IS GIVING A MILLION DOLLAR FREE CLASS!! I FCKN LUV U BRO STAY UP!!!

    SINCERELY

    RONNIE MONTANA - CONTACT ESCROW INC.
    PH# 805-482-4663 FX# 805-482-4664

  2. Ronnie,

    You may or may not need the listing agreement.

    If you are trying to do a Short Refi with GMAC or Homecomings then you don’t even need to submit a “dummy” short sale package at all because they are already on board with full-blown short refi’s.

    Other banks you are trying to kinda “trick” into entering short refi negotiations by pushing a short sale package through the process then switching to short refi when the bank tells you your “dummy” offer is too low.

    If that is the case then whether or not you need a listing agreement is depended on whether or not the bank you are entering negotiations with REQUIRES a listing agreement as part of the short sale package or not.

    Half do require it while the other half doesn’t.

    Hope that answers your question.

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