Posted on October 28, 2011 in
advice,
investor tips,
videos with
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If you’re trying to flip short sales, a lot of realtors will try to shoot you down by telling you that flipping short sales is illegal. IT’S NOT. They are dead wrong. Here is what you can say to them to explain that double closings and flipping short sales is a completely legitimate, ethical, and [...]
Most Investors get started in Short Sale investing by culling through foreclosure listings and contacting the owners with letters, postcards and phone calls. Probably 50% come back with no forwarding address. Maybe one or two in 100 will give you a call and maybe one in every 200 will decide to work with you. This [...]
I’ve been telling people to get into the luxury home market for years, but a new study has just come out that sheds a light on just how big of an opportunity luxury home investment is. A study by Deloitte Center for Financial Services shows that the number of millionaire households in the U.S. will [...]
Posted on October 12, 2011 in
foreclosures,
short sales with
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Short sale investing is a huge opportunity! The banks have loosened up and foreclosures are skyrocketing. If you’re buying investment properties, you need to watch this video! Check out this video and subscribe to my blog for all the latest real estate investing news and tips. For more training get my 5 day investing mini-course [...]
Excellent news for people who specialize in short sale investing. The second quarter Office of the Comptroller of the Currency Mortgage Metrics Report covers mortgage performance on loans reported by a selection of national banks and federal savings and loans representing 63% of all outstanding loans in the United States. Performance of HAMP modifications, foreclosure [...]
It’s more than likely that any home with a home equity or HELOC loan will currently have more out against the property than the property is worth. According to a CoreLogic report, 40% (4.5 million) of all homeowners with a HELOC have underwater mortgages. Owners with HELOCs are not protected under the Mortgage Forgiveness Debt [...]
Posted on August 19, 2011 in
foreclosures,
short sales with
no comments
The troubles that real estate agents have with short sales and REOs have long been a selling point for investors buying short sales. This year things got even better for investors! Every other year the National Association of Realtors issues a survey of its members regarding top legal issues that Agents face. The top issues [...]
Awesome news for investors buying short sales! Lender Processing Services (LPS) May Mortgage Monitor reveals that as if the end of May there were 4.1 million mortgages 90 days late or more or in foreclosure in the U.S. The same month there were just 78,676 foreclosure sales, which is about 52 to 1 compared to [...]
Great news for investors buying short sales and a sign that short sales are becoming more and more attractive to major lenders has recently come out in the form of incentive programs for Homeowners and their Agents. Wells Fargo has recently enhanced its move-out incentives for distressed Homeowners who are willing to sell using a [...]
The FTC announced on July 15 that it will no longer enforce most aspects of the MARS rule for licensed real estate professionals who are trying to help homeowners with Short Sales. The FTC indicated that the rules have been confusing and have discouraged many Agents from participating in Short Sales. The MARS rules were [...]