Friday Coffee Break» investor http://fridaycoffeebreak.com Weekly Preforeclosure Updates from Patrick Precourt Thu, 02 Sep 2010 21:33:54 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Are you Fat, Big Boned or just Over Indulged? http://fridaycoffeebreak.com/2010/08/are-you-fat-big-boned-or-just-over-indulged/ http://fridaycoffeebreak.com/2010/08/are-you-fat-big-boned-or-just-over-indulged/#comments Fri, 20 Aug 2010 15:11:21 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=632 I don’t know if it is me, but do you get the feeling that the majority of Americans feel they are entitled to anything they want without working for it? Listen in to today’s Friday Coffee Break as I breakdown this hot topic. We also discuss whether or not there is a law in Florida requiring a real estate investor to hold a property for over 30 days before flipping it, whether or not a same day flip is legal. We also discuss the truth about what a Wells Fargo short sale acceptance letter is requiring you to do, whether Wells Fargo and ASC (a Wells Fargo Company) have the same requirements on their short sale approval letters and much more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

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]]> http://fridaycoffeebreak.com/2010/08/are-you-fat-big-boned-or-just-over-indulged/feed/ 3 What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor? http://fridaycoffeebreak.com/2010/05/what-is-your-fiduciary-responsibility-when-you-are-both-an-agent-and-investor/ http://fridaycoffeebreak.com/2010/05/what-is-your-fiduciary-responsibility-when-you-are-both-an-agent-and-investor/#comments Fri, 28 May 2010 03:13:18 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=541 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.

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]]> http://fridaycoffeebreak.com/2010/05/what-is-your-fiduciary-responsibility-when-you-are-both-an-agent-and-investor/feed/ 1 Can I Operate A Real Estate Business Without A License? http://fridaycoffeebreak.com/2010/05/can-i-operate-a-real-estate-business-without-a-license/ http://fridaycoffeebreak.com/2010/05/can-i-operate-a-real-estate-business-without-a-license/#comments Thu, 13 May 2010 23:32:32 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=535 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.

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]]> http://fridaycoffeebreak.com/2010/05/can-i-operate-a-real-estate-business-without-a-license/feed/ 0 How Long After a Short Sale Can a Lender Go After Me for the Difference? http://fridaycoffeebreak.com/2010/04/how-long-after-a-short-sale-can-a-lender-go-after-me-for-the-difference/ http://fridaycoffeebreak.com/2010/04/how-long-after-a-short-sale-can-a-lender-go-after-me-for-the-difference/#comments Fri, 16 Apr 2010 08:27:08 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=510 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 agent, the best place to find money today to finance our deals, and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Be sure to check out our brand new real estate management application, PropTrackr and take a free 14 day trial!

]]> http://fridaycoffeebreak.com/2010/04/how-long-after-a-short-sale-can-a-lender-go-after-me-for-the-difference/feed/ 1 In Real Estate Winners Never Quit and Quitters Never Win! Which One Are You? http://fridaycoffeebreak.com/2010/03/in-real-estate-winners-never-quit-and-quitters-never-win-which-one-are-you/ http://fridaycoffeebreak.com/2010/03/in-real-estate-winners-never-quit-and-quitters-never-win-which-one-are-you/#comments Fri, 12 Mar 2010 07:34:21 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=494 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 that is demanding a big deposit on a short sale listing, my opinion on Toxic Assets and what they are and much more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt of North Shore Enterprises.  Join us down in Orlando on March 25th-28th!  Learn more at www.ShortSaleBootcamp2010.com!

]]> http://fridaycoffeebreak.com/2010/03/in-real-estate-winners-never-quit-and-quitters-never-win-which-one-are-you/feed/ 4 Not Paying Attention to Detail Can Land You in Hot Water! http://fridaycoffeebreak.com/2010/02/not-paying-attention-to-detail-can-land-you-in-hot-water/ http://fridaycoffeebreak.com/2010/02/not-paying-attention-to-detail-can-land-you-in-hot-water/#comments Fri, 12 Feb 2010 02:16:29 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=474 As a real estate investor, paying attention to detail is one of the most important things when you are running a successful real estate investing business.  Listen in as we tackle a challenge that one of our Coffee Breakers is going through on a short sale deal.  We also cover the “ONLY” Real Estate Documents that you need in your car at all times so you make sure you never miss a deal, the best options on getting paid in a retail short sale that goes A to C, whether or not your homeowner can get both a 1099 and a deficiency judgment on a short sale transaction, and much much more.  Visit www.FridayCoffeeBreak.com for more real estate specific videos from North Shore Enterprises.

]]> http://fridaycoffeebreak.com/2010/02/not-paying-attention-to-detail-can-land-you-in-hot-water/feed/ 3 When to “Fire” your Seller in a Short Sale Transaction! http://fridaycoffeebreak.com/2010/02/when-to-fire-your-seller-in-a-short-sale-transaction/ http://fridaycoffeebreak.com/2010/02/when-to-fire-your-seller-in-a-short-sale-transaction/#comments Fri, 05 Feb 2010 00:21:28 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=468 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!

]]> http://fridaycoffeebreak.com/2010/02/when-to-fire-your-seller-in-a-short-sale-transaction/feed/ 1 How to Get out of a Jam by a Misguided Pre-foreclosure “Guru” http://fridaycoffeebreak.com/2009/08/how-to-get-out-of-a-jam-by-a-misguided-pre-foreclosure-guru/ http://fridaycoffeebreak.com/2009/08/how-to-get-out-of-a-jam-by-a-misguided-pre-foreclosure-guru/#comments Fri, 07 Aug 2009 05:18:26 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=321 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 for more real estate specific videos.

]]> http://fridaycoffeebreak.com/2009/08/how-to-get-out-of-a-jam-by-a-misguided-pre-foreclosure-guru/feed/ 1 How to Start a Real Estate Company If You Are a Brand New Investor! http://fridaycoffeebreak.com/2009/06/how-to-start-a-real-estate-company-if-you-are-a-brand-new-investor/ http://fridaycoffeebreak.com/2009/06/how-to-start-a-real-estate-company-if-you-are-a-brand-new-investor/#comments Fri, 19 Jun 2009 07:23:43 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=267 Not knowing where and what niche to get into is a very frustrating thing in today’s real estate world! Listen in as I go over how to get started, what to focus on and what NOT to focus on! In this video you will get the answers to those questions.  This video will also show you how to find a property owner that vacated their home, whether or not we get our loss mitigation fee paid on the HUD1, The best way to line up an end buyer financing on a back to back closing and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

If the video cuts out on you, please press pause on the video player and wait a couple of minutes before playing it.  The video is high resolution and takes a moment to download on slower connections.

]]> http://fridaycoffeebreak.com/2009/06/how-to-start-a-real-estate-company-if-you-are-a-brand-new-investor/feed/ 1 How to Get Over the Challenge of Your End Buyers Lender Wanting to See Your Short Sale Acceptance Letter! http://fridaycoffeebreak.com/2009/04/how-to-get-over-the-challenge-of-your-end-buyers-lender-wanting-to-see-your-short-sale-acceptance-letter/ http://fridaycoffeebreak.com/2009/04/how-to-get-over-the-challenge-of-your-end-buyers-lender-wanting-to-see-your-short-sale-acceptance-letter/#comments Fri, 24 Apr 2009 07:16:31 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=210 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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