Alive and Kickin’

Friday, October 16th, 2009 | Uncategorized

Hey Gang,

It’s been fun watching the genesis of an idea that radically altered the short sale industry –– the use of an option contract to close back-to-back short sale transactions.

When we promoted this technique a few years ago, we knew it would have a positive affect on the short sale business.

It’s also been with some alarm that we’ve watched others take this approach, rework the documents and then use them as part of their own marketing efforts for their own coaching programs.  We don’t mind competition, but we do mind the lack of accuracy and veracity behind how the option method should be conducted.  Many programs we’ve reviewed take out the essential language crucial to the success of this method, and as a result, there’s been some negative press.

Why?

What it all comes down to is this –– disclosures and transparency.  Now we know that these two words have often made some real estate investors flinch, but we’ve always resisted the urge to cut corners while hiding the intent of the transaction for any of the parties involved.

In this video, one of the co-creators of the option method, attorney Jeff Watson, quickly shares his thoughts concerning those who are ready to bury the option method to closing short sale transactions.

Can you take a guess as to why so many are having a tough time with this approach (especially those not using the original SREC documents?).

Again, it comes down to closure and transparency.

I don’t want to steal Jeff’s thunder, so click on the link below.

Thanks,
~josh

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