Friday Coffee Break» real estate agent 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 You Are Now Paying Your Unemployed Neighbors Mortgage! http://fridaycoffeebreak.com/2010/08/you-are-now-paying-your-unemployed-neighbors-mortgage/ http://fridaycoffeebreak.com/2010/08/you-are-now-paying-your-unemployed-neighbors-mortgage/#comments Fri, 13 Aug 2010 17:15:21 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=623 Did I get your attention?
Good, because that is the latest thing that our tax dollars are going to be paying for. The program is called the Emergency Homeowner Loan Program and is going to cost us $3 Billion Dollars. Doesn’t it make you think… “Why I am working so hard?” or “Why didn’t I over leverage my house because I could have gotten bailed out?” Listen in as I cover this hot topic and also the truth behind whether you can sell a property with owner-financing now that the SAFE Act has passed. We will also cover whether you can short sale a property when the homeowner files Bankruptcy, whether or not you can “assign” or “flip” an REO (a bank owned property), plus how to track down a mortgage that was assigned from one lender to another 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/you-are-now-paying-your-unemployed-neighbors-mortgage/feed/ 3 How A Seasoned Investor CAN Get Out Of A Steady Funk http://fridaycoffeebreak.com/2010/08/how-a-seasoned-investor-can-get-out-of-a-steady-funk/ http://fridaycoffeebreak.com/2010/08/how-a-seasoned-investor-can-get-out-of-a-steady-funk/#comments Thu, 05 Aug 2010 22:01:25 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=613 Being in real estate investing for the past 12 years, I understand how it feels to get stuck in what seems to be the deepest pile of “quick-sand” there is; the grind, the challenges, the successes and the failures! Listen in as I go over how to overcome being in a steady “funk” and the best strategy to use when faced with this sometimes overwhelming feeling. Also, listen in as we cover whether or not we can get every lender to issue a 100% forgiveness of debt on every one of our short sale properties, whether or not it is common for MI (Mortgage Insurance) companies to disallow a contract because the buyer is an LLC, the best way to fund all of your deals, whether or not lenders are actually selling “notes” on defaulted properties, and more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit www.PropTrackr.com for more info.

]]> http://fridaycoffeebreak.com/2010/08/how-a-seasoned-investor-can-get-out-of-a-steady-funk/feed/ 2 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 How to Renegotiate with a Seller When You Already Paid Them a $7K Option Fee! http://fridaycoffeebreak.com/2009/08/how-to-renegotiate-with-a-seller-when-you-already-paid-them-a-7k-option-fee/ http://fridaycoffeebreak.com/2009/08/how-to-renegotiate-with-a-seller-when-you-already-paid-them-a-7k-option-fee/#comments Thu, 27 Aug 2009 23:37:20 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=366 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 articles.

]]> http://fridaycoffeebreak.com/2009/08/how-to-renegotiate-with-a-seller-when-you-already-paid-them-a-7k-option-fee/feed/ 1 Disclosure is Key When You are Both a Real Estate Agent and a Short Sale Buyer! http://fridaycoffeebreak.com/2009/08/disclosure-is-key-when-you-are-both-a-real-estate-agent-and-a-short-sale-buyer/ http://fridaycoffeebreak.com/2009/08/disclosure-is-key-when-you-are-both-a-real-estate-agent-and-a-short-sale-buyer/#comments Fri, 21 Aug 2009 07:08:21 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=358 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 and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

]]> http://fridaycoffeebreak.com/2009/08/disclosure-is-key-when-you-are-both-a-real-estate-agent-and-a-short-sale-buyer/feed/ 6 The New Loan Modification Program Will Not Affect The Short Sale Industry, Period. http://fridaycoffeebreak.com/2009/03/the-new-loan-modification-program-will-not-affect-the-short-sale-industry-period/ http://fridaycoffeebreak.com/2009/03/the-new-loan-modification-program-will-not-affect-the-short-sale-industry-period/#comments Fri, 06 Mar 2009 10:07:57 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=139 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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