Do Foreclosing Lenders Cross the Line by Black-balling Investor Buyers?

July 15, 2010 By

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 for more real estate videos from Patrick Precourt and North Shore Enterprises!


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Filed Under: Business, buying, due diligence, fha, foreclosing, foreclosure, fridaycoffebreak, Industry Changes, invest, investing, Investment, lending, license, negotiate, Preforeclosure, properties, Real Estate, short sale, Short Sales

Beware Of The “Hawkers!” Research Your GURU Before You Invest In Their Education

June 10, 2010 By

I get comments, on a daily basis, about new real estate investors being so confused on who they should be listening to; reason being is that every so-called “Expert” seems to be touting the next “cutting edge” idea that will CHANGE the real estate industry. I will tell you what, it’s all a bunch of crap!  Listen in as I tell you what to look for and what to do before you invest one red cent into an “online educator.” Also listen in to find out if short sale investing is a great place to start your real estate investing career, where to find out how to get HUD-1 settlement statement training, why you should be wary of who funds your short sale transactions, how to assign a short sale contract and get paid,  whether or not you have to be behind on your mortgage to qualify for a loan modification and more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises.

Take a 14 day trial to PropTrackr — the newest, most cutting edge real estate management platform designed by North Shore Enterprises!

Filed Under: beware, Business, education, fcb, foreclosure, friday coffee break, fridaycoffebreak, gurus, hawkers, Industry Changes, invest, Investment, Marketing, patrick precourt, Preforeclosure, Real Estate, research, sale, short, Short Sales

What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor?

May 28, 2010 By

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.

Take a 14 day trial of PropTrackr – our very own Short Sale Management Software!

Filed Under: agent, Business, foreclosure, friday coffee break, fridaycoffebreak, invest, Investment, investor, licencse, market, patrick precourt, Preforeclosure, Real Estate, real estate agent, responsibility, Short Sales

Can I Operate A Real Estate Business Without A License?

May 13, 2010 By

The HAFA Program, the S.A.F.E. Act, the “Debt Negotiation licenses and so many more it is getting harder to keep track of whether or not I can even invest in real estate! Listen in as we dig into whether or not investors need to have some sort of license to have a real estate business to play in today’s real estate investing world! As listen in as we cover whether or not you can negotiate the verbiage on a short sale approval letter when they state “we reserve the right to pursue a deficiency judgment for our loss” or if it is standard for all approval letters, whether or not California Short Sale Laws are different from other states, whether a buyer can finance a Loss Mitigation Fee on their side of the HUD or if they have to give us cash in order to pay us for our service, whether or not you should list all your short sale properties on the MLS before you submit your first short sale offer and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Pat Precourt.

Take a full featured 14 day trial for our brand new Property Management Platform called PropTrackr!

Filed Under: Business, debt negotiation, foreclosure, friday coffee break, fridaycoffebreak, hafa, Industry Changes, invest, Investment, investor, license, north shore enterprises, patrick precourt, Preforeclosure, Real Estate, s.a.f.e. act

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
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