Have you had a client who was upside down on their mortgage, behind on their payments due to a hardship, and you didn't know how much to list the property for or what type of offers to submit to the lender?  Don't worry, you're not alone!  When it comes to a Short Sale, many real estate agents aren't quite sure what to do in these scenarios.  Where to price the property and what offers to entertain ends up being a guessing game for most real estate agents when working Short Sales.

Great news!  The Short Sale Calculator Desktop Software Program is finally here and is the first software calculator of it's kind that enables real estate agents to determine the calculations necessary to price their listings and entertain offers that have an increased chance of being accepted by lenders.  This software is designed for Windows 2000, XP, Vista, and Macintosh operating systems. This software ensures that real estate agents across America have the necessary tools in place to calculate the following figures based on the type of loan being shorted for their Short Sale listings. The following calculations are determined for FHA, VA, or Conventional Short Sales and are applicable in every state.

1. Initial List Price for Listing Agreement

2. Estimated List Price for MLS

3. What the 1st lien holder should expect to net based on lender threshold

4. What the 2nd lien holder should net, if applicable, based on the amount owed

5. What is the lowest offer that you should entertain based on lender threshold

 Bonus Feature!

6. Estimated Time-To-Foreclosure (ETTF) based on correspondence received by the borrower from the lender and the date it was issued/mailed. (i.e. Notice of Default Letter, Intent to Accelerate Letter, Acceleration Letter, Foreclosure Letter).  There is a National Version of the Calculator and there is a Texas Version.  The ETTF feature is only available in the Texas version at the moment.

Know your pricing, know what offers will and will not get approved, and get more Short Sales closed!

This is a must-have for every real estate agent working Short Sales!