Friday Coffee Break» friday coffee break

You Are Now Paying Your Unemployed Neighbors Mortgage!

Patrick Precourt — Fri, 13 Aug 2010 17:15:21 +0000

Did I get your attention?
Good, because that is the latest thing that our tax dollars are going to be paying for. The program is called the Emergency Homeowner Loan Program and is going to cost us $3 Billion Dollars. Doesn’t it make you think… “Why I am working so hard?” or “Why didn’t I over leverage my house because I could have gotten bailed out?” Listen in as I cover this hot topic and also the truth behind whether you can sell a property with owner-financing now that the SAFE Act has passed. We will also cover whether you can short sale a property when the homeowner files Bankruptcy, whether or not you can “assign” or “flip” an REO (a bank owned property), plus how to track down a mortgage that was assigned from one lender to another and much more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit www.PropTrackr.com for more info.

How A Seasoned Investor CAN Get Out Of A Steady Funk

Patrick Precourt — Thu, 05 Aug 2010 22:01:25 +0000

Being in real estate investing for the past 12 years, I understand how it feels to get stuck in what seems to be the deepest pile of “quick-sand” there is; the grind, the challenges, the successes and the failures! Listen in as I go over how to overcome being in a steady “funk” and the best strategy to use when faced with this sometimes overwhelming feeling. Also, listen in as we cover whether or not we can get every lender to issue a 100% forgiveness of debt on every one of our short sale properties, whether or not it is common for MI (Mortgage Insurance) companies to disallow a contract because the buyer is an LLC, the best way to fund all of your deals, whether or not lenders are actually selling “notes” on defaulted properties, and more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit www.PropTrackr.com for more info.

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.

Take a 14 day trial to PropTrackr — the newest, most cutting edge real estate management platform designed by North Shore Enterprises!

What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor?

Patrick Precourt — Fri, 28 May 2010 03:13:18 +0000

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 our investing industry, the best way to get pitch your short sale services to real estate agents and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Take a 14 day trial of PropTrackr – our very own Short Sale Management Software!

Can I Operate A Real Estate Business Without A License?

Patrick Precourt — Thu, 13 May 2010 23:32:32 +0000

The HAFA Program, the S.A.F.E. Act, the “Debt Negotiation licenses and so many more it is getting harder to keep track of whether or not I can even invest in real estate! Listen in as we dig into whether or not investors need to have some sort of license to have a real estate business to play in today’s real estate investing world! As listen in as we cover whether or not you can negotiate the verbiage on a short sale approval letter when they state “we reserve the right to pursue a deficiency judgment for our loss” or if it is standard for all approval letters, whether or not California Short Sale Laws are different from other states, whether a buyer can finance a Loss Mitigation Fee on their side of the HUD or if they have to give us cash in order to pay us for our service, whether or not you should list all your short sale properties on the MLS before you submit your first short sale offer and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Pat Precourt.

Take a full featured 14 day trial for our brand new Property Management Platform called PropTrackr!

The Latest “Unknown” Government Short Sale Changes! Will the new HAFA Program Work or Not?

Patrick Precourt — Fri, 07 May 2010 03:22:20 +0000

On this week’s Friday Coffee Break we dig into two of the latest and greatest government changes in their infamous HAFA Short Sale Program. You won’t believe what they added this time that will make your sellers pretty mad! We also cover our upcoming Equator.com webinar, our upcoming PropTrackr.com webinar, whether or not a HELOC (Home Equity Line of Credit) that gets charged off will qualify for the HAFA Program, whether or not you can collect a loss mitigation fee on top of a real estate agent commission, the best way to turn a potential wholesale short sale flip into profit when you are dealing with a lender who has a 30 day no resale clause and you have no money, and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos and check out www.PropTrackr.com for the industry’s best online Real Estate Management Tool — developed by North Shore Enterprises!

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!

When to “Fire” your Seller in a Short Sale Transaction!

Patrick Precourt — Fri, 05 Feb 2010 00:21:28 +0000

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 a seller and their Realtor from pushing you out a deal and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos or www.ShortSaleFlagshipSystem.com to learn more about our Short Sale System!

Beware of Realtors Who Learned Short Sales Through A Certification Course!

Patrick Precourt — Fri, 29 Jan 2010 04:32:52 +0000

On this week’s Friday Coffee Break we touch upon the little known facts about dealing with real estate agents that have learned short sales through a half day certification course. Could they possibly be the expert after half a day? Who knows, but make sure you listen to this video and I will let you know what I think! We also cover whether a bankruptcy list is a good list to target and where the best place to get that list is, whether or not you should cover up a mold issue that arises after an inspection, the best way to handle a 2nd lien holder when they are being unreasonable and much more! Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt!

What is the Proper Insurance for Real Estate Investors? It’s Not That Complicated!

Patrick Precourt — Fri, 06 Nov 2009 04:07:06 +0000

Getting the proper insurance, when you invest in real estate, is a very important part of protecting yourself and your business. Listen in as I talk about what insurance you need and what insurance you don’t need! I also cover whether or not you can buy and flip properties if you are a licensed real estate agent, whether the 2004 Fannie Mae Bulletin states if flipping is legal, what the best list source is for commercial properties and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos.