What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesMay 27th, 2010 | one response
Investing in today’s real estate market has so many perks it would take me a book to write them all! However, it does not come without its many challenges and one of them comes when you wear more than one hat; one as an investor and one as a licensed real estate agent! Listen in as I cover what your direct fiduciary responsible is to your client when you are both (it’s a fine line so beware!)We also cover when FHA’s short sale clock starts when negotiating a short sale, how to prevent buyers from walking on your short sale transaction, whether Freddie Mac’s anti flipping article is effecting...
How Long After a Short Sale Can a Lender Go After Me for the Difference?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesApr 16th, 2010 | one response
Don’t you feel like it seems like the short sale game is changing on a daily basis? One day the government comes up with a new program that states our sellers are not liable for the tax portion of the forgiven debt only to find out that again they wasted the Tax Payer’s money (our money) because only a tiny pool of homeowners actually qualify! Listen in as I go over how long after a short sale transaction that a lender can go after our clients (the homeowner(s)), what to do when you are negotiated a short sale only to find out the lender requires the property be listed by a licensed real estate...
Can A Homeowner Do A Short Sale If They Are Current?
Posted by Patrick Precourt in Business, Investment, Marketing, Preforeclosure, Real Estate, Short SalesApr 9th, 2010 | 4 responses
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...
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...
The Biggest Advantage to Having Your Own Loss Mitigation Company
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJan 14th, 2010 | 2 responses
On this week’s Friday Coffee Break we cover one of the biggest questions that any real estate short sale investor has when deciding how to set up their business. Questions like: Do I set up a separate loss mitigation company to negotiate with lenders and Do I put my short sale offer into the lender with my personal name on it, etc, etc. Listen in as we also cover, what Freddie Mac’s short sale timelines are in non-judicial states, what to do with rents when the seller is in foreclosure so you don’t commit fraud, why managing seller expectations is our responsibility and much, much more!...
53 Year Old With No Credit But a Ton of Passion: Where Do I Start?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateNov 12th, 2009 | one response
What would you do if you were 53 years old with no credit and no money, but had an intense burning desire to become extremely successful? Listen in as we go over the most important things to focus on to achieve your goals. Also listen in as we go over what to do when a 2nd lien holder tells you that their debt has been charged off, what a ‘Lender Structured Deed-in-Lieu’ is and how it shows up on your credit report, what to disclose to your C Lender when you are short saling and reselling a property and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com...
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.
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...
The Truth About Loan Modifications and Who’s Better at Getting the Job Done!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateMay 22nd, 2009 | 2 responses
There are ongoing questions in the news as to whether or not homeowners can actually negotiate a successful loan modification by themselves or if a third party is better at the job. In this video you will not only hear the facts around if a homeowner can affectively get their own loan mod approved but you will also hear how to get paid, as an investor, when the end buyers lender questions your flip transaction, whether an Option Contract or a Purchase and Sale Contract is better, if you should waste your time submitting offers on a listed short sale property if the listing agents does the short...
The Parallels in our Real Estate Businesses and Mixed Martial Arts are Extremely Similar!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateApr 14th, 2009 | 3 responses
The parallels in our Real estate businesses and in Mixed Martial Arts are extremely similar; you will have to get around and plow through the very best people in order to get to the top! This video will cover why and how to plow through the top people to reach success and will also cover what to offer the foreclosing lender on your initial short sale to get your file opened 100% of the time, what “if any” are the forms that you need to skirt any title seasoning requirements and much more.
Visit www.FridayCoffeeBreak.com for more real estate specific videos.
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