Currently Browsing: Real Estate
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...
How to Get An IRS Lien Released From An Over Debted Property
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJul 30th, 2009 | 3 responses
When you are dealing with properties that have IRS liens there are certain things that need to be done. Listen in as a talk about what to do to get the lien released. I also cover whether or not there is a problem when you are making an offer on a short sale property where your spouse is the listing agent, whether or not I can get a loss mitigation fee as the buyer, whether or not a charged off lien can get short saled and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.
If you missed our Loan Modification call on Wednesday night, click here to watch the replay!
The Best Way To Figure Out If A Lender Recorded A Valid Lien Against A Property
Posted by Patrick Precourt in Investment, Marketing, Preforeclosure, Real EstateJul 24th, 2009 | 5 responses
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
Posted by Patrick Precourt in Business, Investment, Marketing, Preforeclosure, Real EstateJul 16th, 2009 | 7 responses
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
Posted by Patrick Precourt in Investment, Marketing, Real EstateJul 9th, 2009 | one response
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.
Why The Option Contract is Getting Blown Up By Title Companies!
Posted by Patrick Precourt in Investment, Preforeclosure, Real EstateJul 3rd, 2009 | 8 responses
Title companies and foreclosing lenders are steering further and further away from the so called “almighty” Option Contract! Listen in as I go over why the option contract is a way of the past, why first listing a short sale property at the total debt owed is ridiculous, where to find the real players in your area, what your marketing message should focus on and much more! Visit www.FridayCoffeeBreak.com for more real estate specific videos.
How to Clear Up Title When A Prior Investor Screws Up A Short Sale Deal!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJun 26th, 2009 | no responses
When dealing with unscrupulous “uneducated” investors just know that they often times screw up deals! Listen in as I go over how to clean up titles after an investor transfers a property into a Land Trust then takes the property subject to the existing mortgage and then defaults on the mortgage! In this video I also cover when our national loan modification program will be rolling out, what the term “points” refers to when using hard money, what title companies still insure double closings, the best way to approach a real estate brokerage to get their business and much more… visit www.FridayCoffeeBreak.com...
How to Start a Real Estate Company If You Are a Brand New Investor!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJun 19th, 2009 | one response
Not knowing where and what niche to get into is a very frustrating thing in today’s real estate world! Listen in as I go over how to get started, what to focus on and what NOT to focus on! In this video you will get the answers to those questions. This video will also show you how to find a property owner that vacated their home, whether or not we get our loss mitigation fee paid on the HUD1, The best way to line up an end buyer financing on a back to back closing and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.
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The Trick to Getting a Property Closed If The 2nd Mortgage Requires More Than The 1st Will Allow!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJun 12th, 2009 | 4 responses
Second Mortgages are more often requiring more money than a 1st mortgage will allow when dealing with a short sale! With that being said, I go over how to legally get paid when a buyer is willing to pay the difference. This video will also cover whether or not it is better to have separate LLC’s if you buy and sell over 5 properties per month, what the exact verbiage to use on your purchase & sale agreements that would make it just as effective as an option contract (if any), how to tie up a property so another investor doesn’t mess up your deal, and much more… visit www.FridayCoffeeBreak.com...
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