Why College is the Biggest Scam in America Today!

September 2, 2010 By

Riddle me this? How much money should you have to spend, for college, only to get in debt up to your eyeballs, before you even get a job? The answer is: A heck of as lot! Listen in as I cover this hot topic and why more lenders (both REO and Short Sale) are disallowing transactional funding proof of fund letters. We will also discuss whether or not short sale lenders can put deed restrictions on a property when they are not the owners, plus whether or not REO banks can put deed restrictions on properties. How and why Home Owners Associations/Condo Associations and municipal utility agencies, become first position debt owners before 1st or 2nd lien holders. We will discuss how to get paid a large fee on a short sale property without taking title and how Chase’s discount guidelines when they send their 2nd lien bad debt to their recovery department, and much more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

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Filed Under: Business, chase, college, debt owners, deed restrictions, fridaycoffebreak, fund letters, GET PAID, Investment, lien holders, patrick precourt, Preforeclosure, property, Real Estate, reo, reo banks, 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

The Truth About Whether Or Not The REO Market Is A Waste Of Time!

June 4, 2010 By

Buying and holding, buying and rehabbing or buying and wholesaling REO properties has been an absolute craze with today’s top Real Estate Guru’s… The questions that I always get are: Are the Guru’s right, are they wrong, does it work, are they full of crap, etc? Listen in to today’s Friday Coffee Break to see the facts and what the real truth is… Also listen in to find out whether or not you can subdivide a property in default; then short sale one parcel and keep the other free and clear, whether or not, on an “A” to “C” transaction, a property should be listed with the “A” Seller (as Seller) rather than “B” Investor (as Investor) so the bank pays the Realtor commissions, whether or not there is a fiduciary responsibility conflict with being an agent and the investor when doing the A to B and B to C closings with short sales, whether or not you need to get short sale documents from an estate when the subject property is over-debted and more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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Filed Under: bank owned, bob lachance, Business, debt negotiating, foreclosure auction, foreclosure class, foreclosure course, foreclosure mortgage, foreclosure property, foreclosure training, foreclosures, fridaycoffebreak, guru, gurus, investing in real estate, Investment, loss mitigation, Marketing, patrick precourt, Preforeclosure, properties, Real Estate, real estate foreclosure investing, real estate investing, real estate investing beginner, real estate investment, real estate investors, real estate short sales, rehab, rehabbing, reo, short sale mortgage, short sale training, Short Sales, wholesale, wholesaling

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

Is It Fraud If You Flip a Successful Wells Fargo/ASC Short Sale?

May 22, 2010 By

Flipping short sale properties is an incredible way to make money in today’s’ real estate investing world, however flipper beware! What I mean by that is beware of the coveted short sale acceptance letter and how it is written. Too many time I see banks try and slip in some sly verbiage that would make flipping a short sale practically “illegal!” Listen in as I not only cover this “hot” topic but I also cover whether or not you have to file a DBA (doing business as) of your LLC with every different county where a short sale you are negotiating is located, if a Land Trust still works in today’s preforeclosure business, when a homeowner is supposed to send in their house payment while the new HAFA short sale process is going on, how and where a new investor should begin their investing career, what to do when a banks loss mitigator will not update their notes when you call to check on the status of the short sale and more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Ready to take your real estate business to the next level? Take a 14 day trial of PropTrackr — the newest and easiest real estate management platform online!

Filed Under: Business, flip, flipping, foreclosure, fraud, fridaycoffebreak, Investment, money, patrick precourt, Preforeclosure, properties, property, Real Estate, sale, short, short sale, Short Sales, wells fargo, wholesale
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