A quick short sale should be approved in the time that your buyer is willing to wait, usually 30 - 45 days.

This audio interview I did with Don from Northern Virginia has some important tips on it for influencing the BPO. Don is amazing and is doing 9 Day House Sales one after the other.

Or click to download this conversation

If you want to check out the course that explains to you all about the 9 Day House Sale, and the short sale, and loan mods and even credit card relief, click here for more information on Mortgage Relief Formula Pro Edition, the all time bestselling and newly updated system for real estate investors, agents and brokers.

You won't believe this flippin' video and what one ad accomplished.

Click here to enroll in Tuesday's Web Based Workshop ($97 value, no charge if you enroll now)

Click here to enroll in Tuesday's Web Based Workshop ($97 value, no charge if you enroll now)

How can you do loan mods for hire, legally, in all 50 states?

What are the state laws you should look out for, and how can you legally work and still get paid?

Should you do your own loan mod? This ONE tip can save you tens of thousands

Click here to find out more about Loan Mod Magic 365 day trial for a special low price

• Loan Mod Magic is the most copied, the most popular, and the most used Loan Mod home study course on the web. Now includes these one-time bonuses:
• Obama Loan Mod Goldmine
• Legal in 50 States Guide to Legally Doing Loan Mods for Profit in Each State
• 12 Properties Underwater — Now What?? How One Man Saved His Marriage And His Financial Life
• 4 Hours of instant audios on various loan mod situations
• A real honest-to-goodness book and CDs you can listen to over and over
• Ongoing support and help, 30 days included

Click here to find out more about Loan Mod Magic 365 day trial for a special low price

Mortgage Relief Formula was newly revised earlier this year and it is in huge demand. I am relaunching it for a limited time starting on Tuesday's training workshop. Only 250 copies will be available and they will include some killer bonuses. I expect they will be gone by Thursday.

Early movers who are on the webinar will get something special in addition to the unheard of offer.

My focus on Tuesday night will be answering a lot of questions about short sales. Which lenders are doing what. What is a realistic short sale situation. Deficiency judgments and IRS tax liability.

Please leave a comment on the blog below and I will give a special gift to one of the folks who comments.

Click here to enroll in the short sale training webinar on May 12th, Tuesday, 2009, 9PM Eastern (limit 1000).

Click here to enroll in the short sale training webinar on May 12th, Tuesday, 2009, 9PM Eastern (limit 1000).

Yes it is possible to do a short sale while keeping good credit…or is it?

And what about the bank who takes forever? Is there a secret to short cutting the short sale process?

A quick video answers both questions.

Click here to enroll in the short sale training webinar on May 12th, Tuesday, 2009, 9PM Eastern (limit 1000).

And I am having a webinar on how to make money doing short sales. And how to do a short sale on your own house.

Click here to enroll in the short sale training webinar on May 12th, Tuesday, 2009, 9PM Eastern (limit 1000).

The new loan mod standards enacted by the Obama Administration pay lenders a lot of money to do a loan mod, and even money to do a short sale.

So they have a lot of incentive to work with you.

But they also have stricter rules to avoid getting paid by the gubmint to do a loan mod or short sale that should not be done.

So given these new rules, how much do hardship letters still matter?

Years ago, my wife and I were delighted to move into the nicest neatest little house in Sherman Oaks, California, "south of the Boulevard" which if you know the San Fernando Valley, you know that is the most desirable area, south of Ventura Boulevard.

It was a tiny house, 3 bedroom, but only 1400 square feet, but wonderfully designed floor plan. And it had a magnificent yard, and a real solid teakwood hot tub and redwood deck and a full blown sauna lined with cedar.

I could go into that sauna just to inhale the cedar smell, it was so wonderful.

But when we had babies, the house grew very small.

And we were upside down. We were really, really upside down.

That was the first short sale I did. And the hardship was that we needed to move.

Our financials supported a short sale because we owed a lot more than our house was worth, but at the same time, I didn't have high income at that moment either.

It is perfectly okay to have a hardship like "I have to move because…" and fill in a "because." It is not likely the lender will challenge you.

And this applies to short sales as well as loan mods.

There is still the need to put a  hardship together because if you do not, you may not get a loan mod or short sale granted.

And documentation is MORE important given the new rules.

A common question I get is:

What if there is no hardship but I just want to move, and I am under water?

The answer is, if you want to move, and you don't have any real hardship and you need a short sale in order to move, then that is your hardship!

Just saying, "I must move", or if you are doing the short sale for a client, helping them with a hardship letter that says "I must move", is enough.

If you must move, and you owe more than your mortgage, then automatically that is a hardship situation.

You should never lie to lenders, either for your own situation or on behalf of clients.

If you are moving to get a new job, say so. If you are moving in order to move to a different area, be closer to family, or try your luck in a new community where you may be more likely to be financially successful, say so.

So with that, here is something you will find VERY exciting.

I am offering three webinars coming up on short sales, loan mods, and short sale flipping. These are amazingly popular topics and will be turned into products that cost $97 each.

But if you get Loan Mod Magic now, or another course of mine, you can get invites to these webinars at nothing additional.

This is a limited special so please get your copy now. And get a 365 day trial for every product you get from me so for any reason you can send it back (even if it's all marked up or damaged)  and you get every dime back except shipping.

Click here for a 365 day trial of Loan Mod Magic including $397 of free bonus audios and three webinars coming up

If we really had deflation, it would mean that the value of savings would RISE. Precisely the conditions throughout most of the 19th century in the US and UK that led to unprecedented growth.

Commodity prices fell gradually. The buying power of money kept rising. Investment was rewarded including long term investment. So private companies raised money for building things like railroads and canals.

Of course, it was exploited by the Powers That Be to reward their cronies, but nothing is perfect. Government is always manipulated this way, but at least government was a small share of GDP throughout *most* of the century.

Deflation is IMPOSSIBLE now. It is a bogeyman used by the powers that be, the banksters, to scare people.

They are all dependent upon the following game:

1. Borrow unlimited fiat through central banking scam

2. Buy assets like equities, real estate, financial things

3. Inflation makes those assets rise in value

4. Pay back the money in depreciated currency

They get everyone playing it, including Joe Homeowner. Saving is no fun. Nobody likes to save. And they know that the gubmint, the biggest debtor of all, will inevitably, always depreciate the currency. So it is foolhardy to save and nobody does it except through pension schemes and insurance and other forms of mandated capital pools.

This cycle is going to repeat because there is unlimited ability to print money and there is widespread public participation in the game. That is the essence of democracy. In Weimar it was the industrialists and up-in-comers who played this game. The Weimar hyperinflation was purposefully created and the blame was affixed wrongly onto the peace treaties and reparations.

This time around, the blame is affixed on greed. Demogoguery would be greater but the public is more sophisticated now and notices that those greedy banksters are in power. During FDR's time they read the mainstream papers and didn't pick up on this, stupidly.

People have been long hooked on the above game. In the end, Joe Homeowner doesn't come out ahead because he doesn't exit in time. But he wants to try again. Because his credit card debts are oh so high and he is losing his job and has no savings to worry about.

There MUST be another inflation of some kind because Americans won't tolerate things without it. And the gubmint already has committed to it.

Deflation has never happened in a fiat regime. Technically you might have a month or two, but it is complete BS.

What does happen is that assets lose value, but the loans against those assets remain. The future ability of the banking system to inflate, to create more money, diminishes.

But if you notice, the reserves are there now and the banks can lend like crazy if they want to. There is unlimited ability for banks to lend more money into existence. And the ultimate borrower, the US gubmint, will either borrow directly from the banks, thus creating this money, or else, the gubmint will guarantee private sector loans.

I think people complicate this a bit talking about other methods of creating currency depreciation. The fundamental way is the simplest and it is going on right now.

This is not deflationary because no real money is disappearing. In the early 1930s, money disappeared because banks went under.

I have said before that defaults do NOT create deflation. The money that was borrowed is already in the economy, little amoebas spreading around. But the one default that creates deflation is a default of a bank because that does in fact destroy money and is deflationary.

But banks are no longer allowed to default. The only defaults are by borrowers, and these are not deflationary, only (temporarily) dis-inflationary.

So people in the Administration and the Federal Reserver, such as Mr. Summers and Mr. Bernanke, are either completely stupid, brainwashed, or is just propagandizing. Probably all three. He is a bright man with a terrible agenda.

P.S. The Credit Card Relief Formula teaches you how to settle your own debts in a few hours over a period of months. Couldn't be easier and you can raise your FICO score at the same time.

Click here for info on a 365 day trial of Credit Card Relief Formula

And if you want to get some important information on short sales and 9 day house sales and saving your credit and buying with no money and no credit…even settling credit card debts for a dime on the dollar…

Please watch this video on short sales and foreclosures. This is a screen shot — just type in your email and I'll get you to the real video. It's geared to homeowners and Realtors who want to know everything they can about short sales. And it is the tip the iceberg…

This video gives you some really important perspective as to which is better, filing bankruptcy or going for debt settlement. Your views will not be the same after you watch!

So you want to settle — now, do you HAVE to quit paying on your credit cards to settle them?

This video talks about how you can settle credit card debts, the first step you must take…and how the process works.

Credit Cards - Can They Seize Bank Accounts If you Stop Paying?

This is in answer to many questions I get. If you stop paying, in order to move a settlement process along, can they seize your bank accounts or garnish your wages?

If you are sued by credit card companies — here's a FANTASTIC credit card debt law suit story

This video is a MUST SEE. It tells you what happens if the WORST happens and how it can have a surprising, even SHOCKING conclusion (you won't believe it, it's outrageous and it's the best news for people doing their own debt settlement.)

New law favors credit card holders with new rights

This video shows you a quick summary of very important new laws coming up for people with credit cards.

Settling Your Credit Card Debts

Click here for info on a 365 day trial of Credit Card Relief Formula

Thanks and talk soon

P.S. The Credit Card Relief Formula teaches you how to settle your own debts in a few hours over a period of months. Couldn't be easier and you can raise your FICO score at the same time.

Click here for info on a 365 day trial of Credit Card Relief Formula

And if you want to get some important information on short sales and 9 day house sales and saving your credit and buying with no money and no credit…even settling credit card debts for a dime on the dollar…

Please watch this video on short sales and foreclosures. This is a screen shot — just type in your email and I'll get you to the real video. It's geared to homeowners and Realtors who want to know everything they can about short sales. And it is the tip the iceberg…