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...
Can I Operate A Real Estate Business Without A License?
Posted by Patrick Precourt in Business, Industry Changes, Investment, Preforeclosure, Real EstateMay 13th, 2010 | no responses
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...
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...
The “Real” Advantages and “Real” Disadvantages of Having a Real Estate License in a Short Sale Flip Transaction
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateDec 17th, 2009 | 3 responses
I have been getting a lot of questions lately about what the advantages and disadvantages of having a real estate license are when doing a short sale flip transaction, so I figured I would shed some light on it in this video. Listen in as I not only cover this “hot” topic but I also cover whether or not you can change a buyer on a short sale transaction when you are stepping out of a wholesale short sale deal, how to make yourself a “named insured” or take over a homeowners hazard insurance policy on a “subject to” deal, how to structure your business when doing loss mitigation work...
Knowledge is NOT Power — That is Why There Are So Many Broke Educators
Posted by Patrick Precourt in Real EstateMar 27th, 2009 | 4 responses
As a Real Estate Investor If you think Knowledge is Power you are wrong; that is why there are so many Broke Educators! This video will cover why and how to take your real estate knowledge and apply it to create that power! Also, listen in on how to separate your real estate agent license and your investor hat to profit in the short sale business, How to get a short sale accepted before you submit an offer, how and why a real estate agent can pay a non real estate agent a fee for negotiating a short sale and much more.
Visit www.FridayCoffeeBreak.com for more real estate specific videos.
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Annual Conference Call: The State of the Real Estate Investment Industry
Posted by Patrick Precourt in Business, Investment, Real EstateJan 14th, 2009 | one response
Welcome to FridayCoffeeBreak.com, the newest part of the North Shore Network!
In this weeks video Patrick Precourt of North Shore Enterprises gives us an update on what’s coming up in the next couple of weeks and announces the annual State of the Real Estate Investment Industry conference call that everyone is invited to. We’re going to talk about what changes we can expect in the preforeclosure industry and real estate investment in general and how the new presidency and legislation are going to affect our business.
Pat gives a good idea of what the discussion for this upcoming conference...
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