Do Foreclosing Lenders Cross the Line by Black-balling Investor Buyers?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, Short SalesJul 15th, 2010 | no responses
In today’s real estate environment Lenders are doing more and more due diligence and scrutinizing the majority of short sale deals to try to save money. Listen in as we discuss what you should NOT do in order to stay off their BLACK BALL List! On this week’s Friday Coffee Break we also cover where the future of the short sale business is going, where to find out if you need a license to negotiate short sales in your state, how and where to escalate and FHA file, the best way to handle Auctions and whether or not they are an effective way to purchase properties and more. Visit www.fridaycoffeebreak.com...
Aren’t You Sick of “Internet Guru’s” Telling Us Investors Why WE FAIL?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateSep 24th, 2009 | 4 responses
I don’t know about you, but I am going to get sick to my stomach if I hear another “Internet Guru” tell me why investors fail! Listen in as I give my opinion to this and you won’t believe what it is! I also cover some great questions from you Coffee Breakers. Listen in as I go over whether or not you should walk away from a short sale deal if your short sale gets accepted but you can’t find an end buyer, the best way to get around FHA’s 90 day seasoning requirements, and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos...
FHA and VA : Do I Need An Offer To Get A Short Sale Approved?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateSep 18th, 2009 | one response
FHA has revamped the way they discount and has caused some confusion in the industry! Listen in as I go over how they have a sliding discount scale and what those discounts are. This video also covers how I did on my first Mixed Martial Arts Fight, where to get an option contract that allows everyone to market a home , negotiate with the lender then sell to an end buyer for a profit (if there is any), the truth about the benefits of a back to back closing versus a Monday to Monday close and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific...
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 Over the Challenge of Your End Buyers Lender Wanting to See Your Short Sale Acceptance Letter!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateApr 24th, 2009 | 2 responses
When you are an active preforeclosure investor there are some hurdles you will need to get over in order to take home a big paycheck! This video will explain in detail how to jump over some of those hurdles! Listen as I go over how to get around FHA seasoning requirements when a property is bought for $1.00, how soon you should start looking for a buyer when you pick up a new short sale property, how to overcome having to get the Deed signed, and much more… visit www.FridayCoffeeBreak.com for more real estate specific videos.
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