With the “Updated” FDIC Loss Share Agreements: What’s the Future for Short Sales?

Posted by Patrick Precourt in Business, Industry Changes, Investment, Marketing, Preforeclosure, Real EstateFeb 25th, 2010 | one response
Lately, we have been getting bombarded with questions about the FDIC Loss Share Agreements and whether or not this will crush the short sale world as we know it. I will tell you this; it will affect our short sale businesses. How much you may ask? Well listen in and I will tackle that “hot” issue! On this week’s Friday Coffee Break, we also cover whether or not using a Power of Attorney over an Authorization to Release information is better, whether the use of an Option Contract creates more confusion then it does good for investors, my read on the “new” FHA suspension of the 90 day...
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What the “HAFA” is This New Government Short Sale Program All About?

Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, short salesFeb 19th, 2010 | one response
Will the sweeping changes coming in April 2010 regarding the HAFA short sale program affect your real estate business? It might! Make sure you listen in as I uncover what the program is, how it will affect what you do today and the real truth behind it.  We also cover how you overcome the objection by realtors regarding deficiency judgments for a NON-primary residence,  how the government wants to take away one of our exit strategies and how we sell our properties, how to correctly implement your online presence, and much more.  Visit www.FridayCoffeeBreak.com for more real estate videos from...
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Not Paying Attention to Detail Can Land You in Hot Water!

Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateFeb 11th, 2010 | 3 responses
As a real estate investor, paying attention to detail is one of the most important things when you are running a successful real estate investing business.  Listen in as we tackle a challenge that one of our Coffee Breakers is going through on a short sale deal.  We also cover the “ONLY” Real Estate Documents that you need in your car at all times so you make sure you never miss a deal, the best options on getting paid in a retail short sale that goes A to C, whether or not your homeowner can get both a 1099 and a deficiency judgment on a short sale transaction, and much much more.  Visit...
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When to “Fire” your Seller in a Short Sale Transaction!

Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateFeb 4th, 2010 | one response
On this week’s Friday Coffee Break we go over the best time to say “thanks” but “no thanks” to your short sale sellers! In the short sale business you will sometimes have to be like Donald Trump and say “YOU ARE FIRED” to your sellers. Listen in as we not only cover this extremely important topic, but we cover the BEST handwritten verbiage to put on a postcard to get a homeowner to contact you over the competition, what sneaky things lenders are now doing when attempting to collect on a deficiency judgment, whether or not you can protect yourself against...
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