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

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!

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: 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

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