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...
The Biggest Advantage to Having Your Own Loss Mitigation Company
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateJan 14th, 2010 | 2 responses
On this week’s Friday Coffee Break we cover one of the biggest questions that any real estate short sale investor has when deciding how to set up their business. Questions like: Do I set up a separate loss mitigation company to negotiate with lenders and Do I put my short sale offer into the lender with my personal name on it, etc, etc. Listen in as we also cover, what Freddie Mac’s short sale timelines are in non-judicial states, what to do with rents when the seller is in foreclosure so you don’t commit fraud, why managing seller expectations is our responsibility and much, much more!...
How to Renegotiate with a Seller When You Already Paid Them a $7K Option Fee!
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateAug 27th, 2009 | one response
Negotiating is one of the most important keys to the real estate investing world. Listen in as to how you can renegotiate a contract which you already put a $7K Option fee on. This video also covers the best way to get paid when a lender puts in seasoning requirement at the last second, whether recording a memorandum to a contract avoids seasoning issues, whether or not it is kosher for a real estate agent to submit a “bogus” contract to get the short sale process started and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and...
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.
Did you...
When Investing in Real Estate, Failure is Inevitable When You Have No Plan!
Posted by Patrick Precourt in Real EstateMar 20th, 2009 | 5 responses
Most marketing plans suck. Like a good idea, without action, the idea sucks. A marketing plan, without implementation is nothing more than a thought jotted down on paper.
When you’re an active real estate investor and you do not have a plan, especially a marketing plan, you are going to flounder and in the end you will fail. This video will show you how to avoid that from happening to you and gives you the foundation to build a plan which will allow you to be successful. Also, listen in as we cover how to negotiate HOA fees and assessments, how many LLC’s you will need to successfully...
About Me
