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