You Are Now Paying Your Unemployed Neighbors Mortgage!

August 13, 2010 By

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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Filed Under: a bank owned property, bankruptcy, Business, Emergency Homeowner Loan Program, foreclosure, friday coffee break, fridaycoffebreak, Investment, owner-financing, Preforeclosure, properties, Real Estate, real estate agent, realtors, reo, SAFE Act, sale, sales, short sale, Short Sales

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!


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

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

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

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.

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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