Back to the Basics: The Primary Steps You Need to Take When Getting a Short Sale Business Off the Ground!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateOct 29th, 2009 | 2 responses
Even if you are a seasoned investor or a beginning investor there are times when we all need to get back to the basics. Listen in as I explain where brand new investors should start their businesses and who they should partner with to get a jump start on the competition. I also cover the latest and greatest on the extension of the $8000 tax credit, whether a brother of someone who is getting foreclosed on can purchase that home, whether two owners that are both on the same deed but not both on the mortgage need to fill out a short sale package and much more. Visit www.FridayCoffeeBreak.com and...
The Real “Facts” About End Buyers Lenders and the 90 Day Seasoning Requirements!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateOct 22nd, 2009 | 2 responses
We have been getting bombarded lately with questions about which end buyers lenders will write a loan without a 90 day seasoning requirement! Listen in as we go over the facts and the fiction of this “hot” topic. Also listen in as we go over how Obama’s new national short sale program will or will not affect the BPO or valuation process, whether or not a license will be required in each state in order to do loss mitigation work, whether or not you can get a business line of credit when you have bad credit and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for...
Funding for Back to Back Closes – Don’t Believe all the Hype on the Internet!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateOct 15th, 2009 | 9 responses
Before you jump into the latest “Guru selling a REO or short sale funding program” do your research because it might not be all it is cracked up to be! Listen in as I talk about the “new” back to back funding that is the entire buzz on the internet and what to watch out for in the coming weeks. I also cover which loans the $1500 short sale credit that sellers are going to get from the government will cover, what’s the best approach to discounting a mixed-use commercial property, whether or not the option contract legal, If there is a way to do a short sale when a pre-foreclosure property...
Another Title Company is Shutting the Door on Double Closings! Go Figure!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateOct 8th, 2009 | 6 responses
As I have been saying for the last year, this industry is changing so you better stay connected! Another Title Company is now closing their doors to same day closings… Listen in as I tell you who it is. I also cover whether or not banks will be forced to pay a loss mitigation fee to licensed debt negotiators, whether or not more lenders are taking the “I don’t care approach” to allowing seller concessions on short sales and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos.
The Latest State that is Requiring a License to Do Loss Mitigation Work
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateOct 1st, 2009 | no responses
There are many states, including ours, that are now requiring that investors and real estate agents be licensed in order to do loss mitigation work! Listen in as I tell you what our company is doing to overcome this and also what you should do! I also cover what to look for before you consider buying a short sale property, why short sales should be looked as a strategic acquisition strategy and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos.
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