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Letter From Virginia Attorney Further Validates Short Sale Flips
Posted by justin_lee | Posted in Realtors, Short Sale Flips, foreclosure, option agreement, preforeclosure, r.e. investing, real estate investing, short sales | Posted on 22-03-2010
I constantly get asked by students and members of our community what is the best way to “convince” realtors to work with them. Some of the more common feedback I hear are things like:
“The realtor told me what I’m doing is illegal”
“I can’t list the property because I’m not on title”
“No realtors will work with me because the say you can’t do that in our city/county/state”
Well how about if I gave you a link to an article in Commonwealth Magazine, a publication that is “A journal for real estate professionals published by the Virginia Association of REALTORS®”
And what about if that article was written by Lem Marshall, VAR (Virginia Association of Realtors) Special Counsel and it basically says (and I’m paraphrasing here) “Who cares if an investor has an option contract, and who cares how much profit they make, and who cares if the end (C) buyer is taking title from someone they didn’t expect”?
Would an article written by an attorney endorsed by a state’s (Virginia’s) Association of Realtors help validate the way you want to structure your transactions?
I bet it would! (By the way, if you invest in the state of Virginia you should absolutely be drooling right now…)
I want to personally thank my main negotiator Ed for sending me the link to this article. I am sharing it here in a format where you can share it with your realtor prospects. This is a GREAT thing to share with any agent who has a short sale listing that is still active, with no offers. Just think, by using this tool you could have 5-10 new short sale deals in your pipeline by the end of the week!
To get access to the ENTIRE September/October 2009 edition of Commonwealth Magazine, “A journal for real estate professionals published by the Virginia Association of REALTORS®”, you can check it out here. (The main article is on page 12 of the publication, which is page 14 of the PDF).
However, if you prefer a quick 2 page PDF document extracted from the magazine covering this very specific topic, you can download it here.
After you access and read this document, please post a comment below! Let me know if this helped you gaining the confidence with realtors, and if you got any new deals under contract because of it. We love hearing your success stories.
Oh, and one more thing…take a look at the blog post below, and make sure that you check out the video about guaranteed funding. You’ll be glad that you did…



















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