Distressed Property Workshop

Buyers, Sellers and Investors

Distressed or Underwater Homeowner?

We will open meeting with local market update and current lending options for those interested in staying in home. We will go over underwater refinances, principal reduction options, loan modifications and the most current government program including the newest - NO DOC loan modification. We cover pros & cons of a loan modification and some of the pitfalls that the banks don't always tell you. The workshop is a blend of distressed homeowners, buyers, investors and other industry professionals including Attorneys, Certified Public Accountants and Divorce Attorneys.

(This workshop is intended as a no pressure educational event- No Real Estate Agents please)

Buying or investing in distressed property?

With over 50% of the available market categorized in the "Distressed Property Market" it is a time of BUYER BEWARE!

  • Understanding the short sale process
  • Difference between distressed property and a distressed mortgage
  • What does it take to make for a successful short sale transaction
  • Difference between bank owned (REO) and short sale
  • Pitfalls of a short sale
  • Financing guidelines for buyers of distressed property
  • and much, much more

Presented by Certified Distressed Property Expert Bill Black

Classes every Thursday from 7:00-8:30 PM (Please RSVP 360-910-3290 for availability)

Don't bury your head in the sand- everyone deserves a fresh start

Get the facts- the first we will learn is who owns your loan. We share the ways of confirming if you have a Fannie Mae, Freddie Mac, FHA, VA, Mortgage Back Security (MBS) or a portfolio loan. Each scenario has a different process for modification as well as if you were to do a short sale. You will walk away with a road map for your specific situation. This information is PRICELESS for buyers and investors as well.

Home Owner Advocate

Education is the key to a successful outcome. Rather buying or selling we will be your "homeowner advocate" to help understand the Distressed Market in Clark County- Local statistics, timelines of foreclosure, timelines for short sales, loan modification process, carve-outs, what are your options when underwater, short sale vs. foreclosure- when one is better than the other plus much more.