The Latest “Unknown” Government Short Sale Changes! Will the new HAFA Program Work or Not?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real Estate, Short SalesMay 6th, 2010 | 5 responses
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...
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...
Last Week We Thought the Loan Modification Program Would FAIL! This Week It Was Confirmed!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateMar 13th, 2009 | 2 responses
This week’s Friday Coffee Break confirms what I talked about last week “The New Loan Modification Program is a Failure”! Listen in as I talk about why it is a failure and what the latest and greatest update is on the controversial topic. Also, on this week’s Q & A we cover whether or not you can use foreclosed comparables in your short sale packages, whether or not current market conditions are affecting REO flips, how and what you need to do if your negotiation skills suck and much more.
If you missed last weeks teleconference you can catch the replay at http://www.MaximizeYourShortSaleBusiness.com!...
The New Loan Modification Program Will Not Affect The Short Sale Industry, Period.
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateMar 6th, 2009 | 4 responses
Listen in to this week’s Friday Coffee Break and watch Patrick Precourt dig into the new loan modification program put into effect by the government and why the $75 Billion bailout won’t do much to affect the real estate short sale industry. This week’s Q & A covers “how and if” REO and Foreclosure Sites affect a back to back closing, how a real estate agent can invest in the preforeclosure industry by full disclosure and much more.
Miss the ‘Maximize Your Business’ teleconference? Click here to listen to it now!
Challenges and Opportunities 2009
Too many people miss the boat! The “American Dream” of homeownership is a Privilege, NOT an Entitlement!
Posted by Patrick Precourt in Real EstateFeb 27th, 2009 | no responses
This week’s Friday Coffee Break digs into the Homeowners Affordability & Stability Plan and why it won’t help the majority of homeowners that are in default. Pat also will cover his weekly Q&A from questions that were submitted from you the Coffee Break subscribers. You will learn whether or not a contract with an end buyer should be signed before receiving a short sale acceptance letter, what addendums you should put on that contract to protect yourself from liability, the truth about “subject to” deals and how legislation is affecting it and much more. Pat will also announce...
Where Investors Should be Focusing, Explanation of Toxic Assets and The Government Tax Credit
Posted by Patrick Precourt in Real EstateFeb 13th, 2009 | no responses
Live Friday Coffee Break video with Patrick Precourt of North Shore Enterprises. Thanks to everyone for being on the Challenges and Opportunities 2009 call. If you missed it, click the link below this video to listen to the call.
In this video Pat answers questions from investors around country with questions including where investors should be investing, dealing with first time leads, an explanation of toxic assets, the $15,000 government tax credit and more. Check out the video and if you have any questions feel free to submit them using the form to the right.
http://www.ChallengesAndOpportunities.com
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