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...
In Real Estate Winners Never Quit and Quitters Never Win! Which One Are You?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesMar 12th, 2010 | 4 responses
In the real estate business quitting or even thinking of quitting is NOT an option! Time and time again I hear too many investors making some sort of excuse! (I am waiting to start because… I can’t do this because… I need to get more educated because…). If you take action and keep pushing through the hurdles you face on a daily basis you will have no other choice but to succeed! Listen in as I not only talk about this ever common business challenge, but I also cover how to weed through all the “GURU’s” on the Internet and which ones to follow, how to deal with a Realtor...
With the “Updated” FDIC Loss Share Agreements: What’s the Future for Short Sales?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Marketing, Preforeclosure, Real EstateFeb 25th, 2010 | one response
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...
Beware of Realtors Who Learned Short Sales Through A Certification Course!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJan 28th, 2010 | one response
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...
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...
What is the Proper Insurance for Real Estate Investors? It’s Not That Complicated!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateNov 5th, 2009 | 6 responses
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.
Funding for Back to Back Closes – Don’t Believe all the Hype on the Internet!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateOct 15th, 2009 | 9 responses
Before you jump into the latest “Guru selling a REO or short sale funding program” do your research because it might not be all it is cracked up to be! Listen in as I talk about the “new” back to back funding that is the entire buzz on the internet and what to watch out for in the coming weeks. I also cover which loans the $1500 short sale credit that sellers are going to get from the government will cover, what’s the best approach to discounting a mixed-use commercial property, whether or not the option contract legal, If there is a way to do a short sale when a pre-foreclosure property...
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 Speak with the End Buyers Lender So They Don’t Screw Up Your Flip!
Posted by Patrick Precourt in Investment, Preforeclosure, Real EstateMay 15th, 2009 | one response
Knowing how to speak with an end buyer’s lender in a double close or a whole sale flip can make or break your deal! In this video you will see who you need to speak to and what to say when disclosing your short sale flip or double close. This video will also cover if there are laws regarding seasoning and flipping, the grass roots best advertising and marketing piece on the planet, the best way to get attorneys on board and much more… visit www.FridayCoffeeBreak.com for more real estate specific videos.
How to Speak with the End Buyers Lender so they don’t Screw u…
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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