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 Post subject: Page 3 #2 of the SS booklet states " It is in the banks best interest...
 Post Posted: Wed Aug 01, 2007 10:36 am 
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Joined: Sat Jul 21, 2007 5:22 pm
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Location: Washington State, Seattle/Tacoma
Page 3 #2 of the SS booklet states " It is in the banks best interest to take
a shortsale or repossess the house and sell thru a Realtor" as not going to a foreclosure process.

Why Dan would a bank decide to "take the shortsale" OR "repossess and sell thru their realtor affiliate"?

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 Post subject:
 Post Posted: Wed Aug 01, 2007 10:41 am 
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A short sale saves us thousands in legal fees, and if the value gets close, the outcome is certain; also, we get most of our money back...

let's say it's 86% of appraised value. Is that a better or worse outcome than HOLDING the property for 6-8 months, FRONTING attorneys money to get this done....WAITING For the courts to move forward...and then having an uncertain outcome?

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 Post subject:
 Post Posted: Wed Aug 01, 2007 6:01 pm 
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Great answer


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 Post subject: SS booklet?
 Post Posted: Thu Aug 02, 2007 12:38 pm 
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What SS booklet are you referring to? Is this something in addition to what has already been posted on the Harris U website?


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 Post subject: It is HREU's booklet listed under Class #1...
 Post Posted: Thu Aug 02, 2007 1:08 pm 
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It is HREU's booklet listed under Class #1 with all the other documents from the first call. It is "I think" a draft of a book they will be writing? It's around 11ish pages.... go to [url="http://www.harrisrealestateuniversity.com"]http://www.harrisrealestateuniversity.com[/url] and log in. You'll find it.

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