One of the biggest challenges I intially faced was getting the documents for the short sale packet. For those of you who do not know, there is wide array of standard forms needed to submit a short sale offer to a bank. The great thing about our short sale class at Nouveau Riche was that we were walked through every step of the short sale process including a line by line account of how to fill in the paperwork. What I did not realize until much later is that actually acquiring the paperwork is not as easy as googling the document name.
Lawyers want to create them for you (at their low hourly rate), companies want to sell you their software and templates to create them on your own (for special sale price), and the few “free” ones out there are crap and would need attorney review anyway, not to mention that none of the docs I found, were state specific! I felt like Harry Potter in that scene from the first movie when he's trying to get his Hogwarts letter. Envelopes are raining the kitchen from every crevice and crack; he's jumping up in the air trying to catch one, but even though he's surrounded by them he grab even one. I knew lots of people in the NR community who were doing short sales. They all seemed to have these mysterious documents, but where did they get them and, more importantly, how could I get a copy?!
And so....I asked:)
My partner, RS, texted every NR contact he had asking for assistnace in procuring documentation. Within 24 hours we had a hail storm of papers flying at us: four people generously sent their docs to us and there are still more offering to pass papers on. We have some duplicates and will figure out what works best as we go through this for the first time. Were it not for our friends in the community we could have done it on our own, but I prefer to short-cut my success.
Tony Robbins, one of my favorite gurus on personal development, suggests that doing everything youself is not the most efficient way to success, but that leveraging people who have gone before you and learning from their experience, is a a far better way. All in all the Nouveau community came through for us and I deeply appreciative to all who assisted! Thanks!
If you are interested in learning how you can connect into this incredible community of investors check out: www.newrichbdg.com
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