How to Renegotiate with a Seller When You Already Paid Them a $7K Option Fee!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateAug 27th, 2009 | one response
Negotiating is one of the most important keys to the real estate investing world. Listen in as to how you can renegotiate a contract which you already put a $7K Option fee on. This video also covers the best way to get paid when a lender puts in seasoning requirement at the last second, whether recording a memorandum to a contract avoids seasoning issues, whether or not it is kosher for a real estate agent to submit a “bogus” contract to get the short sale process started and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and...
Disclosure is Key When You are Both a Real Estate Agent and a Short Sale Buyer!
Posted by Patrick Precourt in Investment, Preforeclosure, Real EstateAug 21st, 2009 | 6 responses
Liability is always going to be an issue in real estate investing when you are wearing the hat of an investor and the hat of a real estate agent! Listen in as to whether or not you are liable for damages (by the seller) if you have negotiated a short sale and the short sale does not work. This video also covers how to re-list and re-sell a property without taking title to a property, how to get additional funds to a 2nd lien holder if you are making a spread as an investor, a full discussion on the advantages and disadvantages of using a Land Trust today and much more. Visit www.FridayCoffeeBreak.com...
The 3 Top Reasons NOT to Use a Land Trust in a Real Estate Transaction!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateAug 14th, 2009 | 4 responses
There are so many reasons why you should not use a land trust in a real estate transaction in today’s real estate investing environment. Listen in as I go over the top 3 reasons why you should stay away from them, whether or not a lender will pay you a fee for negotiating a deed-in-lieu of foreclosure, whether or not a purchase and sales agreement seasons title, what loans are protected from deficit judgments and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.
How to Get out of a Jam by a Misguided Pre-foreclosure “Guru”
Posted by Patrick Precourt in Real EstateAug 7th, 2009 | one response
Unfortunately, there are “Guru’s” that seem to be popping up all over the place in our real estate industry (some good, some bad) that are giving totally conflicting information. Listen in as I talk about a way of undoing a Land Trust deal that a Coffee Breaker is trying to get out of due to many things that were taught wrong! I also cover how to build a buyers list if you are a brand-new investor, if you could avoid seasoning when selling to an FHA buyer, whether or not there is a way to get a foreclosing lender to change a short sale acceptance letter and much more. Visit www.FridayCoffeeBreak.com...
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