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

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.

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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