OK here’s the deal. The last time I gave away something you guys went CRAZY! So… let’s see happens THIS time.

I’m running a little CONTEST on a design logo for the new launch of ShortSaleology 2.0. If you haven’t heard about it don’t worry… you will soon.

I need your help. Would you mind sharing your opinion on which logo you think is best and WHY? I really appreciate it.

Go look at all the Shortsaleology logo examples here

Here is what I’m going to do on my end for you doing that. I’m going to AWARD ONE SHORT SALE FUNDAMENTALS HOME STUDY SYSTEM ($897 VALUE) AND 6 MONTH FREE MEMBERSHIP INTO SHORTSALEOLOGY ($582 VALUE) FOR A TOTAL AWARD VALUE OF $1,479!!! to one person that in this Blog Community that votes. You could really make out like a bandit so listen up! If you already own my short sale system you will get ONE FULL HOUR of private consultation with me.  We can discuss specifically about your area, your challenges, ideas, fears, business tools, ANYTHING your heart desires. You got me for one full hour. I charge $997 hr so our time together is something I consider very valuable. I am dedicated to your success. I want you to get your first short sale completed or show you ways to DOUBLE OR TRIPLE the amount of deals you are doing now and spend LESS TIME doing them. This is an awesome gift that someone could receive from simply voting.

Short Sale Fundamentals Home Study System description

ShortSaleology description (just a few benefits)

Here is how it is going to work. This is really easy.

WHAT YOU DO:

1. You go the link above and choose a logo design you like. Note: new designs will be coming up everyday and every night till the contest ends in approximately 7 days from (6/29/08). That means you will want to frequently visit the link above to see new ones.

2. You write WHY you like the design best

3. You submit your review—-> here

——————

RULES TO CONTEST:

1. You can only vote once per logo. You can vote again , but it must be for a different logo.

2. All answers must be at least 150 words

3. You must answer on THIS blog

4. When you answer you must reference the logo # (located in bottom left hand corner of each design)

That’s it. Have fun and be creative with your answers. This is going to be truly a community driven effort. Hopefully all of us will decide on a majority vote for a logo. That would be awesome because it would mean YOU actually got to pick the logo that YOU wanted. What a novel concept eh… working together.

Go pick your logo and vote NOW.
I’ve started the process so you can see exactly how it works here. :0)

This is something all of us need to keep a pulse on.

http://news.yahoo.com/s/ap/20080624/…ngress_housing

Summary:

The centerpiece of the package is a foreclosure rescue program in which the Federal Housing Administration would provide $300 billion in new, cheaper mortgages for distressed homeowners who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.

Borrowers would be eligible for the housing rescue if their mortgage holders were willing to take a substantial loss and allow them to refinance, and would ultimately have to share with the government a portion of any profits they made from selling or refinancing their properties.

HOW DO YOU THINK THIS WILL AFFECT YOUR SHORT SALE BUSINESS?  I appreciate your comments.

Well I almost was ready to swing from the rafters! Then all of a sudden reality struck!

It seems the 90 Day FHA Seasoning Lift for 1 Year only applies to properties acquired from foreclosure. That means it really doesn’t affect short sale properties.

Download HUD Flipping Guidelines for 90 Day Seasoning Lift

WHAT ARE YOUR THOUGHTS ON THIS?

Yup… you read that right!

This is going to be an AMAZING here especially for all us short sale investors. Just think how many different programs FHA provides first time buyers to qualify to buy a house. Now take those buyers and match them up with all your short sale approved houses and what do you get?

Short Sale Buyer FRENZY!!!!!

Where do you think are some of the BEST places to find FHA Buyers? List all your answers in the Comments Section below.

http://money.cnn.com/2008/06/13/real_estate/property_flipping.ap/index.htm?section=money_latest

*****

Property-flipping rule suspended

The White House temporarily suspends a rule that imposes a 90-day waiting period before foreclosed homes can be sold to receive government loans.

See all http://www.CNNMoney.com RSS FEEDS (close)

June 13, 2008: 4:17 PM EDT

WASHINGTON (AP) — The Bush administration is temporarily suspending a 5-year-old rule intended to deter property flippers, as part of an effort to help speed the sale of foreclosed properties.

For one year, the Federal Housing Administration will no longer impose a 90-day waiting period before foreclosed properties can be sold to receive government-backed loans.

The policy was put in place in 2003 to deter property "flipping" schemes, in which buyers are overcharged for foreclosures or other distressed properties. But the surge in vacant properties resulting from borrowers who were unable to afford their mortgages has become a far more pressing concern.

"A glut of foreclosed and abandoned homes harms neighborhoods, frustrates homebuyers and delays a community’s recovery," FHA commissioner Brian Montgomery said in a prepared statement.

The new policy "will allow homebuyers to purchase these homes in much greater numbers and ease the excess supply of unsold homes," Montgomery said.

Nationwide, 261,255 homes received at least one foreclosure-related filing in May, up 48% from the same month last year, and up 7% from April, foreclosure listing company RealtyTrac Inc. said Friday.