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...
Should a Homeowner Sign a Promissory Note or Let Their Property Go to Foreclosure?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateSep 3rd, 2009 | 4 responses
Letting a property go into foreclosure versus having a client sign a promissory note has always been a hot topic. Listen in as I go over why you have to be careful listening to the advice of some real estate so-called professionals who have it all wrong! This videos also covers the new FHA discount guidelines, what line item to put seller concessions on your HUD1 Settlement Statement, why some portfolio lenders are sitting on REO’s and much more. www.FridayCoffeeBreak.com. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.
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.
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