Short Sale Investor Testimonials

May 2006

Hi Deb,

I wanted to thank you sincerely for getting my partner involved in short sales and putting us on the track of real estate success. Since we had met you and came under your wing as your students, we've had tremendous success in short sales. Although, we have only completed one shortsale deal, we are working on three more currently and hope to complete those successfully as well.

Your course on Short Sale Success Systems was exactly what we needed to know how to navigate the short sale system and the banks. Not only that, you have given us an opportunity to do "meaningful and valuable" investing, and I'm not talking only financially. After closing our first short sale deal, we received an immense satisfaction knowing that we saved one family's credit and thus their future. This single mother of three was able to rent a house and move on with her life. I'm sure that she can be a homeowner again once she gets on her feet within a couple of years.

Short sales are really a win-win for everyone and a way to really make a difference in other people's lives as well as in ours. And we are glad we are a part of it all.

Thank you again...our shortsale Queen.

November, 2004

Its been three weeks since I took your Forbearance / Short Sale session during the OREIA Convention in Columbus, Ohio.  I bought your Forbearance / Short Sale Success Systems which have been very helpful to me to bridge my knowledge gap in the subject.  I am certain that I will be able to become successful using your systems with all the valuable information, not just practical, sensible, but also ethical, as a foundation.  I am very grateful to you for that.

2132 Herbert St SE.
New Philadelphia, Ohio 44663

Dear Deb.,

We just wanted to thank you for your program. Within days of putting your program to use we received our first call from a woman losing her home to a foreclosure.

The property had three outstanding loans and was two weeks away from the sheriff's auction. Our first thought was we were too late and had no time to work out any type of deal before the sale. To say we were wrong would be an understatement.

We contacted the first and second mortgage holder and found them willing to work with us. The third lien holder had been through the court proceedings and went ahead and cancelled their claim even before we made them an offer.

After a couple days of phone calls with the first mortgage holder we agreed to pay 50 cents on the dollar for the first note and the second mortgage holder agreed to 13 cents on the dollar for their part. They agreed to stop the Sheriffs sale one-day before the sale date and we closed a couple days later. The total process took less than 14 days and we walked away with about 40,000 dollars in equity. Not to bad for making some phone calls.

By having your program at my finger tips along with your coaching over the phone we were able to work out a very profitable deal in a short amount of time. Thanks again for all of your help and advice.

Best regards,

Joseph R Jones & Terri A. Evans-Jones

October 7, 2003

Hey Deb,

I wanted to take a moment to thank you and share my success. The time you have spent with me and the knowledge you have shared has been instrumental to my success.

I've been doing this for 10 months and have closed on 5 Short Sale deals. I double closed on one property that netted me $6,675. This filthy stinking property was next door to my brother's. I ran out of time to negotiate prior till the Sheriff's auction and got the bank to agree to cancel the sale. The bank was owed $121,500. It needed $50,000 in repairs and had an ARV of $110,000. The bank accepted $21,500 on a Short Sale and agreed to waive their right to pursue the homeowner for a deficiency judgment. I was forced to double close on it due to one of the bank's conditions of acceptance. So I bought it for $22,325 including closing costs, and then resold it to a rehabber for $30,000. I paid my brother $500 for the referral and paid the homeowner $500 for some personal property left in the house. I still netted $6,675.

OK, so who won?

My brother earned $500 for referring me to the homeowner AND the eyesore next to him is going to be gutted and totally remodeled. He's REALLY happy! The homeowner (Joe) got $500 from me for the some personal property he didn't want. I saved him from foreclosure, the bank agreed not to pursue him for the deficiency, and by the time we closed on the house he had lost 40 pounds as a result of having relieved stress. Joe's life is turning around, he's happy! The bank unloaded a Hazard property. I'll stop short of saying they're happy, but they're satisfied!

Oh yea, and I netted $6,675.

I'm happy! (I don't have the final numbers on how it turned out for the rehabber yet.)

Another one, I wholesaled for a net of $7,200. The house had an ARV of $80,000 and needed $30,000 in repairs. There was a 1st mortgage for $80,000, a 2nd mortgage for $20,000, and back taxes of $7,000. The 2nd agreed to take $2,500 and the 1st agreed to take $9,300. So, just as I'm getting ready to do a happy dance, I discovered a $20,000 the federal tax lien from the US Attorney's Office. YIKES! You encouraged me not to sweat it, just ask them to kindly remove it since there was no money to be had. The US Attorney's Office did a partial lien release, which removed the lien from the property and permitted the sale. Whew!

On another note, doing business legally and ethically is a huge priority for me. I appreciate that you share this priority. You keep my enthusiasm up and are committed to creating WIN-WIN situations.

Feel free to share this letter with future students. Students, I want you to know that if you want to pursue capturing huge discounts on properties via Short Sales; Deb will be an extremely valuable part of your team.

Thank you, Deb.

Ed McMichael
Homeway Solutions, LLC

Deb,

Just wanted to share a quick story.

Finished the process to assign a contract today (am)
By (pm) the new buyer realized there were $6000 in deliquent property taxes.  He did not read my title work closely before accepting the assignment.  His title company called and asked if the sellers were coming to the closing with $6k. (yeah right we are in foreclosure and have that type of cash lying around).

Looked like this was going to kill the deal.  Reflecting on this weekend's boot camp.  Something you said came back to me. 'you just don't know until you ask!'

Mind you I had already asked this bank for an extension...we were supposed to close by 9-8 was granted an extension til 9-28.

Well, I am going to ask.  How should I ask?  I phoned and left a brief message.  I faxed a cover sheet along with the Marion County Tax Assessment Payment Record and a brief message saying I need to ask but do not know how.  Will AMC Mortgage pay the deliquent taxes acceptping a net less than what is currently agreed to.

Deb, in less than 1 hour AMC called me back saying they would pay the deliquent taxes, she would resubmit to her supervisor and have a new demand letter to me within two days!!

All because I asked!!!
All because I attended your boot camp!!!
All because I listened to your sage advice!!!
All because I acted upon your sage advice!!!

Thanks Deb you saved my deal and netted my buyer and additonal $6k!  Within 24 hours of attending your Boot Camp!

Gratefully,

Myron Magnuson

February, 2004

After disappointment in the training materials of another "short sale trainer" I approached Deb McMillan last fall, wanting to learn short-sales with her coaching.

Although I have yet to bring a deal to the table, she has been patient with me. She has been available to answer my general creative real estate questions, immediately responsive to my communications, extremely supportive and encouraging to this newbie investor. I am looking forward to identifying my first short-sale opportunity to work under her coaching and know I will benefit from her skill and experience in the field.

August 2007 Update:

Friends in another state called me to say they were upside down on their mortgage and stood to loose their home. I immediately picked up the phone to call Deb because if anyone could help, she could.  Again, she provided the professionalism and expertise to present the short sale package.  My friends are happy and the Short Sale Queen® succeeds again!

Natalie