Last Week We Thought the Loan Modification Program Would FAIL! This Week It Was Confirmed!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateMar 13th, 2009 | 2 responses
This week’s Friday Coffee Break confirms what I talked about last week “The New Loan Modification Program is a Failure”! Listen in as I talk about why it is a failure and what the latest and greatest update is on the controversial topic. Also, on this week’s Q & A we cover whether or not you can use foreclosed comparables in your short sale packages, whether or not current market conditions are affecting REO flips, how and what you need to do if your negotiation skills suck and much more.
If you missed last weeks teleconference you can catch the replay at http://www.MaximizeYourShortSaleBusiness.com! We talked with more than 800 people about how you can make the most out of your business in 2009.
Visit www.FridayCoffeeBreak.com for more real estate specific videos.
2 Responses to “Last Week We Thought the Loan Modification Program Would FAIL! This Week It Was Confirmed!”
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how should establih myself to work with an attorney in doing loan mods? how much of a perentage should i give to the attorney. i was thinking just a retainer fee of $600 of the 1% of the entire loan negotiated. i dont included arrears or if principals reduced. i dont personally know anyone in getting principals reduced.
Great call Pat (as usual).
We could use some leadership and help with the Global Organization of Foreclosure Prevention Professionals (gofpp.com)…hint, hint…