The True about Whether or Not the “Robo-Signer” Fiasco will Crush your Real Estate Business

October 8, 2010 By

Couldn’t you see this whole “Robo-Signer” fiasco coming from a mile away? If you don’t know what I mean, make sure you listen to this week’s Friday Coffee Break video as I dig into how the “fraudulent” signing of mortgage documents can crush your real estate business. Listen in as I uncover the negatives and positives of this mortgage fraud fiasco, and also uncover whether or not Bank of America short sales are a waste of time (especially if they are government insured), the best way to find out if your homeowners mortgage is recourse or non-recourse. We also cover the most effective way to negotiate a Promissory Note, what your Title Companies responsibility is to you, your end buyer and to the foreclosing lender when doing a short sale flip, and more. Visitwww.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

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Filed Under: bank of america, Business, foreclosing lender, fraudulent signings, fridaycoffebreak, government, homeowners mortgage, Industry Changes, martgage fraud, mortgage, Preforeclosure, promissory note, Real Estate, robo-signer, short sale, Short Sales, title companies

The Latest “Unknown” Government Short Sale Changes! Will the new HAFA Program Work or Not?

May 7, 2010 By

On this week’s Friday Coffee Break we dig into two of the latest and greatest government changes in their infamous HAFA Short Sale Program.  You won’t believe what they added this time that will make your sellers pretty mad! We also cover our upcoming Equator.com webinar, our upcoming PropTrackr.com webinar, whether or not a HELOC (Home Equity Line of Credit) that gets charged off will qualify for the HAFA Program, whether or not you can collect a loss mitigation fee on top of a real estate agent commission, the best way to turn a potential wholesale short sale flip into profit when you are dealing with a lender who has a 30 day no resale clause and you have no money, and much more.  Visit www.FridayCoffeeBreak.com for more real estate specific videos and check out www.PropTrackr.com for the industry’s best online Real Estate Management Tool — developed by North Shore Enterprises!

Filed Under: agents, bob, Business, changes, fcb, foreclosure, friday coffee break, fridaycoffebreak, government, hafa, Industry Changes, invest, Investment, lachance, norh shore eneterprises, patrick, precourt, Preforeclosure, program, Real Estate, short sale, Short Sales

How Long After a Short Sale Can a Lender Go After Me for the Difference?

April 16, 2010 By

Don’t you feel like it seems like the short sale game is changing on a daily basis? One day the government comes up with a new program that states our sellers are not liable for the tax portion of the forgiven debt only to find out that again they wasted the Tax Payer’s money (our money) because only a tiny pool of homeowners actually qualify! Listen in as I go over how long after a short sale transaction that a lender can go after our clients (the homeowner(s)), what to do when you are negotiated a short sale only to find out the lender requires the property be listed by a licensed real estate agent, the best place to find money today to finance our deals, and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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Filed Under: Business, buyers, deals, difference, entrepreneur, foreclosure, fridaycoffebreak, government, home, house, invest, Investment, investor, lender, mentoring, patrick precourt, Preforeclosure, Real Estate, sellers, short sale, Short Sales, video