Friday Coffee Break» pre-foreclosure 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 With the “Updated” FDIC Loss Share Agreements: What’s the Future for Short Sales? http://fridaycoffeebreak.com/2010/02/with-the-updated-fdic-loss-share-agreements-whats-the-future-for-short-sales/ http://fridaycoffeebreak.com/2010/02/with-the-updated-fdic-loss-share-agreements-whats-the-future-for-short-sales/#comments Fri, 26 Feb 2010 00:12:30 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=488 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 seasoning guideline and how it will pan out in reference to our flip transactions and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and www.ManageMyShortSale.com to learn more about the Short Sale Management tool used by hundreds of other Preforeclosure Specialists!

]]> http://fridaycoffeebreak.com/2010/02/with-the-updated-fdic-loss-share-agreements-whats-the-future-for-short-sales/feed/ 1 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 Beware of Realtors Who Learned Short Sales Through A Certification Course! http://fridaycoffeebreak.com/2010/01/beware-of-realtors-who-learned-short-sales-through-a-certification-course/ http://fridaycoffeebreak.com/2010/01/beware-of-realtors-who-learned-short-sales-through-a-certification-course/#comments Fri, 29 Jan 2010 04:32:52 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=462 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 more! Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt!

]]> http://fridaycoffeebreak.com/2010/01/beware-of-realtors-who-learned-short-sales-through-a-certification-course/feed/ 1 Wearing More Than One Hat When Negotiating a Short Sale is OK – Just Cover Your A$$! http://fridaycoffeebreak.com/2010/01/wearing-more-than-one-hat-when-negotiating-a-short-sale-is-ok-just-cover-your-a/ http://fridaycoffeebreak.com/2010/01/wearing-more-than-one-hat-when-negotiating-a-short-sale-is-ok-just-cover-your-a/#comments Fri, 22 Jan 2010 02:56:35 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=456 On this week’s Friday Coffee Break we cover some awesome questions from you Coffee Breakers! We go over what hats you can wear when you are making money negotiating short sales, whether or not using land contracts (not trusts) are a problem when completing a back to back closing, whether you actually need to leave “consideration” with a seller on an over debted property in foreclosure when getting them under contract, some of the latest tips on the new FHA guidelines and them waving the 90 days seasoning on our short sale flips, and much much more.  Visit www.FridayCoffeeBreak.com for more real estate specific videos from Patrick Precourt.

]]> http://fridaycoffeebreak.com/2010/01/wearing-more-than-one-hat-when-negotiating-a-short-sale-is-ok-just-cover-your-a/feed/ 7 The Biggest Advantage to Having Your Own Loss Mitigation Company http://fridaycoffeebreak.com/2010/01/the-biggest-advantage-to-having-your-own-loss-mitigation-company/ http://fridaycoffeebreak.com/2010/01/the-biggest-advantage-to-having-your-own-loss-mitigation-company/#comments Thu, 14 Jan 2010 23:28:26 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=453 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!  Check out the rest of our educational real estate videos on www.FridayCoffeeBreak.com and visit www.ManageMyShortSale.com to take advantage of the best online short sale management tool available.

]]> http://fridaycoffeebreak.com/2010/01/the-biggest-advantage-to-having-your-own-loss-mitigation-company/feed/ 2 The “Real” Advantages and “Real” Disadvantages of Having a Real Estate License in a Short Sale Flip Transaction http://fridaycoffeebreak.com/2009/12/the-real-advantages-and-real-disadvantages-of-having-a-real-estate-license-in-a-short-sale-flip-transaction/ http://fridaycoffeebreak.com/2009/12/the-real-advantages-and-real-disadvantages-of-having-a-real-estate-license-in-a-short-sale-flip-transaction/#comments Fri, 18 Dec 2009 03:29:23 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=446 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 for Real Estate Agents, rather than negotiating for real estate investors and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

]]> http://fridaycoffeebreak.com/2009/12/the-real-advantages-and-real-disadvantages-of-having-a-real-estate-license-in-a-short-sale-flip-transaction/feed/ 3 5 Slam Dunk Ways to Get Out of Your Real Estate Rut! http://fridaycoffeebreak.com/2009/11/5-slam-dunk-ways-to-get-out-of-your-real-estate-rut/ http://fridaycoffeebreak.com/2009/11/5-slam-dunk-ways-to-get-out-of-your-real-estate-rut/#comments Fri, 20 Nov 2009 01:57:34 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=432 Every real estate investor has at one time or another gotten stuck in a real estate rut! Listen in as I go over the 5 sure fire ways to get out of that rut and also make sure you don’t become the proverbial Octopus on roller-skates (eight legs all going in different directions at the same time). Also listen in as we go over whether or not a mortgage insurance company can demand a promissory note in exchange for a short sale acceptance letter, whether a family friend can buy a house from someone in foreclosure, what title company we recommend working with and much more.  Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

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