Archive for October, 2008
Happy Halloween!
Friday, October 31st, 2008 | Uncategorized | 1 Comment
Thanks for checking back again for the Short Sale Insider Series Tip #5.
In this video I just try to stress how important it is to always be focusing on your revenue producing activities. It may seem like a simple and obvious thing to do, but all I want is for you to think about a few things before your start your day.
You may be doing things on a daily basis that you think are benefiting your business, when they are really hurting it.
I hope you find some value in this short video and I wish everyone a safe and happy halloween.
- Josh
Short Sale Insider Series Tip #4
Thursday, October 30th, 2008 | Uncategorized | No Comments
I took this video about a week back and wanted to give you a little insight of some of the great things I have going on.
There is no real tip in this video directly related to real estate, but I just want to stress the point of how truly important it is to always be continuing your education and knowledge.
The people your surround yourself with and share knowledge with have such a huge impact on what you are capable of doing.
So, I just wanted to share this video with you that talks about what I have been up to and how important it is to always be learning new things and improving yourself as a person.
Hope you enjoy it and I will talk to you soon,
Josh Cantwell
Short Sale Insider Series Tip #3
Wednesday, October 29th, 2008 | Uncategorized | No Comments
Here is Tip #3 of the Short Sale Insider Series.
In this video I talk about PMI and how to go about dealing with the PMI companies.
This tip goes right with the article that I posted yesterday. If you have not read it make sure to check out the blog post from yesterday.
Be sure to check back tomorrow for Short Sale Insider Series Tip #4.
See You Then!
The Truth Behind PMI
Wednesday, October 29th, 2008 | Short Sales | 1 Comment
By: Josh Cantwell
I just posted a new article about Private Mortgage Insurance, also known as PMI, and what it is and how to work on a case with PMI.
Click Here to read my latest article
PMI protects the lender in case the borrower defaults on the loan and it also assists more people in buying homes who have less money for a downpayment.
So how does this affect us as real estate investors? If you have a deal with PMI on the loan, the PMI company could have the final say on your short sale and will depend on the amount of the loss and the coverage ratio.
Read more about that here…
Click Here to read my latest article
Don’t forget to check back for more short sale tips every day this week.
Short Sale Insider Series Tip #2
Tuesday, October 28th, 2008 | Uncategorized | No Comments
Consider this week “FREE” week at Strategic Real Estate Coach. Everyday this week I will post some sort of video or article with tips about Short Sale investing. So be sure to check back!
Everyday when I drive home I have tons of thoughts running through my head. So I decided to start capturing some of those thoughts on video and sharing them with you through something I like to call “The Short Sale Insider Series.”
So be sure to check back consistently to keep up to date with all of the FREE information and tips that we post.
Talk to you soon!
Re-Launch for the Short Sale Success Blueprint is today @ 12pm EST!
Monday, October 13th, 2008 | Uncategorized | 2 Comments
By: Josh Cantwell
It has been an extremely busy couple of weeks. The original launch of the Short Sale Success Blueprint and Short Sale Success University was a HUGE success.
I am excited to announce that we are re-launching the Short Sale Success Blueprint and Short Sale Success University today at 12pm EST.
Be sure to check out the site at noon EST for the ability to receive our 461 page home study course for FREE! All you have to do is pay the $17 for shipping and handling. With the purchase of the Short Sale Success Blueprint you will also receive the first month of access to the Short Sale Success University absolutely FREE!
When we originally released this product we were overwhelmed with orders and we are excited and ready to do it again.
Make sure to check it out!
Re-Launch for the Short Sale Success Blueprint, Monday at 12pm EST
Saturday, October 11th, 2008 | Uncategorized | No Comments
By: Josh Cantwell
I am down in Tampa for the weekend with my partner Jeff Watson and we got to met up with one of our JV partners, Dustin Mathews, for a playoff baseball game between the Tampa Bay Rays and the Boston Red Sox. Seeing a baseball game in a dome is definitely a different experience and was an awesome time.
I just wanted to post a quick video to let you know about the re-launch for the Short Sale Success Blueprint. Starting at 12pm EST on Monday we are going to be making the product available again for a very short period of time.
Be sure to check out www.shortsalesuccessblueprint.com on Monday October 13th at 12pm EST to reserve your copy of the 461 page Short Sale Success Blueprint. And, in case you did not know this already, we are giving it away for free. All you have to do id pay the $17 shipping and handling fee.
So, be sure to check out www.shortsalesuccessblueprint.com on Monday October 13th at 12pm EST for your chance to take full advantage of this amazing opportunity.
I will see you then!
Bank of America’s Attempt to “Help”
Friday, October 10th, 2008 | Uncategorized | No Comments
By: Josh Cantwell
Recently, Bank of America struck a deal with regulators that may help many peoplefacing foreclosure.
I say may, because with banks one never really knows what they really mean when they offer “help,” besides these days they need a great deal of help themselves (B of A posted on Monday that it’s profits were down 68 percent).
The deal was the result of a lawsuit by several states that went after Countrywide for predatory lending. This past summer, Bank of America bought Countrywide and has agreed to modify loans for more than 400,000 homeowners.
The purpose of this action is to give some relief to homeowners struggling to stay in their homes, but how this effort is carried forward will be interesting to watch. For those homeowners that made little money and bought an expensive house, no amount of adjusting the loan will help. For example, the US mail carrier that bought a 700k house in Pepper Pike on a 50k salary is out of luck.
Bank of America is saying that they will drop rates as low as 2.5 percent for some borrowers and forgive some debt. Moreover, they also intend to suspend foreclosures to give them a chance to determine which homeowners qualify.
And if that’s not enough, Bank of America plans to reduce payments for borrowers to one-third of the borrowers income.
On the surface, this could be huge for the American homeowner facing foreclosure; however, we all know that loan modifcation at this time helps only 10 percent of homeowners. Likewise, many of the workouts that banks agree to still don’t make the loan affordable.
As Jerry Kayser, SREC coach, told me last week, “People have learned spending habits that they don’t give up so easily. So even if a monthly payment is reduced by a couple hundred dollars, in a few months that homeowner could be right back in the same position.”
The catch to all this “do-good” publicity by Bank of America is that in doing workouts, they have reserved the option of putting homeowners into interest-only loans so as to reduce their payments. If done, homeowners will still be making payments on a houses where the balance owed is signifcantly higher than what the property is worth.
Hmmm. . . if so, how many homeowners do you think will stick around and continue to make payments on a house with little hope of a return?
I’ll keep you posted on more news to come!
