Friday Coffee Break» Marketing

Must Read! Don’t Ever Forget Why We Are the Best Country in the World and Why You’re Are Still Free!

Patrick Precourt — Thu, 01 Jul 2010 20:59:12 +0000

The 4th of July weekend is one of the most important weekends we have for the entire year and I do not want anybody to forget what our troops do for us and give us on a daily basis! They give us Freedom! Freedom to invest in real estate, Freedom to spend time with our families without getting harmed, Freedom to do anything we desire! So with that being said, enjoy the holiday weekend and support our troops! On this week’s Friday Coffee Break we dive into how the fact that, whether you are aware or it or not, our short sale business has drastically changed in the last two years. Banks used to take huge discounts just by picking up the phone and asking! Now they battle for each and every penny. What does that mean for me and you? Simple. Change your business model just like we did so you can now profit off of every real estate lead that comes across your desk! Listen in as I go over how we adapted our real estate business to fit the current changes and how you to need to follow suit or you will be out of business! Also listen in as I cover how long BPO’s are good for when working a short sale deal, whether or not HOA fees can be negotiated on a short sale transaction, where any new investor should start their real estate investing career, whether or not you should submit back up offers to a foreclosing lender, whether a buyer should lose their deposit on a bank owned property if there is an easement issue, whether a Bank of America Loan Officer is any better of a short sale negotiator than you or I, and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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Beware Of The “Hawkers!” Research Your GURU Before You Invest In Their Education

Patrick Precourt — Thu, 10 Jun 2010 21:38:24 +0000

I get comments, on a daily basis, about new real estate investors being so confused on who they should be listening to; reason being is that every so-called “Expert” seems to be touting the next “cutting edge” idea that will CHANGE the real estate industry. I will tell you what, it’s all a bunch of crap! Listen in as I tell you what to look for and what to do before you invest one red cent into an “online educator.” Also listen in to find out if short sale investing is a great place to start your real estate investing career, where to find out how to get HUD-1 settlement statement training, why you should be wary of who funds your short sale transactions, how to assign a short sale contract and get paid, whether or not you have to be behind on your mortgage to qualify for a loan modification and more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises.

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The Truth About Whether Or Not The REO Market Is A Waste Of Time!

Patrick Precourt — Fri, 04 Jun 2010 15:13:58 +0000

Buying and holding, buying and rehabbing or buying and wholesaling REO properties has been an absolute craze with today’s top Real Estate Guru’s… The questions that I always get are: Are the Guru’s right, are they wrong, does it work, are they full of crap, etc? Listen in to today’s Friday Coffee Break to see the facts and what the real truth is… Also listen in to find out whether or not you can subdivide a property in default; then short sale one parcel and keep the other free and clear, whether or not, on an “A” to “C” transaction, a property should be listed with the “A” Seller (as Seller) rather than “B” Investor (as Investor) so the bank pays the Realtor commissions, whether or not there is a fiduciary responsibility conflict with being an agent and the investor when doing the A to B and B to C closings with short sales, whether or not you need to get short sale documents from an estate when the subject property is over-debted and more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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Can A Homeowner Do A Short Sale If They Are Current?

Patrick Precourt — Fri, 09 Apr 2010 05:32:57 +0000

There is a lot of misinformation in today’s real estate world and one of the biggest ones revolves around the question of whether or not a lender will take a short sale or discount their total amount owed to them when a homeowner is current on their mortgage. Make sure you listen in as we uncover what lenders are doing today as opposed to last year, the best ways to create monthly cash flow while being a short sale investor, the inside tricks to “Managing a BPO” so you get your desired outcome, whether or not a lender can tell a seller what he or she “has” to list their property at and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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

Patrick Precourt — Fri, 26 Feb 2010 00:12:30 +0000

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 seasoning guideline and how it will pan out in reference to our flip transactions and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and www.ManageMyShortSale.com to learn more about the Short Sale Management tool used by hundreds of other Preforeclosure Specialists!

The Best Way To Figure Out If A Lender Recorded A Valid Lien Against A Property

Patrick Precourt — Fri, 24 Jul 2009 15:54:31 +0000

When you are searching whether or not a foreclosing lender has actually recorded their lien position is vital to the validity in today’s market. Listen in as I go over what to look for when searching title to make see if you can sneak ahead of the foreclosing lender. Listen in as I go over if a verbal offer means anything at all, why being on next week ManageMyShortSale.com call will make you thousands of dollars in residual income, what the best message is to put on bandit signs really is and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

When To List And Re-list A Property On A Wholesale Short Sale Flip Transaction

Patrick Precourt — Fri, 17 Jul 2009 04:46:12 +0000

There has been a lot of confusion on when and how to list and then relist a short sale property when your intension is to buy and then immediate resell a property. Listen in as we go over how long we list a property with the homeowner before we relist it with our contractual right. We also cover, while negotiated a retail short sale whether or not we get paid when we get the short sale approved or at closing, whether or not we have “proof” that title companies and end lenders are shying away from option contracts and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

Purchase and Sales Agreement Vs. The Option Contract

Patrick Precourt — Fri, 10 Jul 2009 04:13:59 +0000

The talk continues on the Purchase and Sale Agreement versus the Option Contract! Listen in as we go over the correct language and disclosure you should put in your purchase and sales agreement, if a memorandum of an option contract will affect seasoning requirements, how to set up an escrow account to collect a loss mitigation fee, are homeowners association dues negotiable and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.