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

Are you Fat, Big Boned or just Over Indulged?

August 20, 2010 By

I don’t know if it is me, but do you get the feeling that the majority of Americans feel they are entitled to anything they want without working for it? Listen in to today’s Friday Coffee Break as I breakdown this hot topic. We also discuss whether or not there is a law in Florida requiring a real estate investor to hold a property for over 30 days before flipping it, whether or not a same day flip is legal. We also discuss the truth about what a Wells Fargo short sale acceptance letter is requiring you to do, whether Wells Fargo and ASC (a Wells Fargo Company) have the same requirements on their short sale approval letters and much 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! Visitwww.PropTrackr.com for more info.

Filed Under: asc, break, Business, coffee, flip, Florida, friday, fridaycoffebreak, Industry Changes, Investment, investor, lender, Preforeclosure, property, Real Estate, short sale, short sale approval, Short Sales, wells fargo, work ethic

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