What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor?
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short SalesMay 27th, 2010 | one response
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...
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...
Disclosure is Key When You are Both a Real Estate Agent and a Short Sale Buyer!
Posted by Patrick Precourt in Investment, Preforeclosure, Real EstateAug 21st, 2009 | 6 responses
Liability is always going to be an issue in real estate investing when you are wearing the hat of an investor and the hat of a real estate agent! Listen in as to whether or not you are liable for damages (by the seller) if you have negotiated a short sale and the short sale does not work. This video also covers how to re-list and re-sell a property without taking title to a property, how to get additional funds to a 2nd lien holder if you are making a spread as an investor, a full discussion on the advantages and disadvantages of using a Land Trust today and much more. Visit www.FridayCoffeeBreak.com...
The New Loan Modification Program Will Not Affect The Short Sale Industry, Period.
Posted by Patrick Precourt in Business, Investment, Preforeclosure, Real EstateMar 6th, 2009 | 4 responses
Listen in to this week’s Friday Coffee Break and watch Patrick Precourt dig into the new loan modification program put into effect by the government and why the $75 Billion bailout won’t do much to affect the real estate short sale industry. This week’s Q & A covers “how and if” REO and Foreclosure Sites affect a back to back closing, how a real estate agent can invest in the preforeclosure industry by full disclosure and much more.
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Challenges and Opportunities 2009
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