Archive for January, 2010
Deep Thoughts Re: HAMP
Monday, January 11th, 2010 | Uncategorized | No Comments
Hey gang, Josh here taking a quick break at the end of the day to share some deep thoughts about HAMP.
Okay, so not really, but “reflection” is a part of what we preach, so I wanted to get this out to all you short sale investors before I begin the second half of my day.
Investors from California to Virginia have for the past several months wondered about the impact of loan mods on their businesses. You may or may not know that 1.5 million homeowners around the country are waiting for loan modification help from the government through the Home Affordable Modification Program (HAMP). This presents a good opportunity for you as a real estate investor. In fact, we just did a big call about this last week and included some other info important for everyone doing short sales.
Were you on the call?
Here’s a quick review of HAMP. Rather than letting these homes fall into foreclosure, the Home Affordable Foreclosure Alternatives Program (HAFA), part of HAMP, provides financial incentives to servicers and borrowers who use a short sale or a deed-in-lieu to avoid a foreclosure on an eligible loan under HAMP. What they’re trying to do is to speed things up and provide for a better outcome for borrowers, investors and communities.
Key words there are “try to.” We all know why a deed-in-lieu is a bad idea, right?
You can be in a position to step in and take control, but only if you know what to do. Many homeowners will welcome the opportunity to reduce their burden and avoid foreclosure through a short sale. Of course, we’ll help you every step of the way – as one of the most important members of your real estate investment dream team. Having the right connections and understanding how you can provide relief to the distressed homeowner is what sets you apart and makes you a valuable resource.
As mentioned above, both HAFA and HAMP were part of our recent Webinar about the 2010 Foreclosure Forecast. If you missed it, you can still learn how these programs affect you as a residential real estate investor, just click here. If you haven’t signed up yet for your free Silver Membership at SREC, don’t wait, register here.
We also have a few more seats left for our next event, which is only a couple weeks away. Click here to check it out – the window is closing fast!
What to Consider When Doing a Transaction
Friday, January 8th, 2010 | Uncategorized | No Comments
Hey, it’s Ted again. This video of Jeff Watson is actually pretty funny, if you think about it. His statistics are something else. Take a look !
You would think that land ownership and use would be somewhat static, but it isn’t always that way. Properties get built up and torn down and repurposed all the time.
That’s a great word: repurpose. Real estate developers take one property that is outliving its useful life, and rejuvenate it by turning it into something else. They’re finding a better use for it. They’re changing the landscape by changing the property’s purpose.
Real estate investing is like that. When you’re working with short sales, you’re taking a house that has been a problem for someone and turning it into a benefit for someone else. You have a chance to change the landscape of the neighborhood in some small way.
Commercial real estate can go through foreclosure, too. These properties are more likely to evolve over time than residential areas. Learn more about how to handle this area of real estate, and listen to the buyers’ ideas about what they would do with their new property. The more you talk to people, the more you might be able to suggest new ideas yourself. Giving your buyers more options usually means increasing your chances of getting them excited about spending the money!
I have an even easier way for you to get more ideas about repurposing properties and finding new ideas for your business. Register here for our free Silver Membership at SREC. You’ll have access to books, reports, and other great sources of information – and the coaching you’ll get is unbelievable.
Time, circumstance, and location. That about blows “location, location, location” out of the water, doesn’t it? The way Jeff put that, it makes a lot more sense to me. What do you think?
Have a great day!
~ted
www.worldshortsalemainevent.com
www.56wholesalingsecrets.com
www.topshortsalelawyer.com
www.twitter.com/joshcantwell
Doc for Tonight’s Webinar
Thursday, January 7th, 2010 | Uncategorized | No Comments
Docs for Tonight’s Webinar!
Thursday, January 7th, 2010 | Uncategorized | No Comments
AttachmentAOct09
HAMPsd0909
Wells Fargo
Subject: 2010 Foreclosure Forecast
Wednesday, January 6th, 2010 | Uncategorized | No Comments
We’ve rung in the New Year…2009 has come and gone.
Congratulations for making it through the toughest year the real estate market has ever seen.
Are you prepared for the coming year?
Not to worry, everything will get easier from here – that is IF you know the right strategies.
Jeff and I both agree 2010 will be a life transforming year for investors who know how to act and take advantage of the opportunity just sitting there.
That’s why this Thursday night my Partner Jeff Watson and I are holding an important training call we’re calling: “The 2010 Foreclosure Forecast.”
It’s on January 7th and starts promptly at 9:00 pm EST (That’s 6pm PST.)
You can register here:
https://www2.gotomeeting.com/register/505587067
(Hurry, space is limited.)
On the call you’ll know exactly why Jeff and I are so excited about the coming year. (And decade ahead.)
Here’s just a few thing you can expect to learn Thursday night:
Why everything will get easier in 2010 if you know the right strategies.
- Why 95% of all businesses failed in 2009 and how they can avoid being in the 95% in 2010…
- Where to make money with real estate in 2010…
- Why foreclosures are going to get worse in CA, FLORIDA, AZ, and Nevada and how to make money in those states with short sales and REO’s…
- Why wholesaling is back in vogue in 2010 if you live anywhere but CA, FL, AZ and NV and how to make 10k per month with almost no expenses wholesaling REO’s…
- Top Legal Strategies for buying and flipping short sales and REO’s in 2010…
- ABC’s of passive real estate cash flow in 2010 and how to make more than you spend in 2010…
- How the “HAFA program” affects short sale investors in 2010 and why they should be scared if they are uneducated…
- Why “Wells Fargo” loves house flippers. We’ll explain why other banks will follow…
- How to become the hunted instead of the hunter in 2010 by helping a small exclusive handful of realtors and mortgage brokers make more money than ever…
10. Top 5 tactics and strategies that will allow you to create a 250k business in the next 6 months…
11. Learn the SREC core “money making “ strategies for 2010 to finally create a windfall of consistent cash in order to “take care of your family” forever….
12. And much more…
There’s no real way to tell what the coming year will bring, although if you know how to take advantage of the opportunity sitting on the horizon it may be your best year yet.
Register for the call today, and we’ll show you how.
https://www2.gotomeeting.com/register/505587067
Make 2010 Big!
Sincerely
Josh Cantwell
P.S. I’ve bought and sold over 325 properties profiting over $3.6 million and Jeff is not only an active real estate investor and America’s Top Short Sale Lawyer. And between the two of us we’ve personally coached dozens and dozens of the most successful investors all across the country. I’d say this firsthand experience gives us a unique perspective of the coming market.
Find out why 2010 makes us so excited and how to take advantage of the tremendous opportunity that lies ahead.
Reserve your spot on the call now:
The 2010 Foreclosure Forecast Webinar
Tuesday, January 5th, 2010 | Uncategorized | No Comments
Hi gang,
With the New Year, I want to congratulate everyone who’s left standing – even if you’re a little wobbly. 2009 proved the most difficult year the real estate market has seen in recent memory.
Sure, there have been many changes, with more to come. Still, we expect 2010 to be a banner year for those real estate investors from Florida to California who know what to expect and what adjustments they need to make.
In short, 2010 will be an easier year, but only if you know or learn the right strategies.
What are the “right” strategies?
Good question.
This Thursday at 9 pm EDT I’ll be doing a webinar giving you my 2010 Foreclosure Forecast. On the webinar I’ll cover the following:
- Why 95% of new businesses failed in 2009 hand how you can avoid a similar fate in 2010
- Why foreclosures are going to get worse In California, Florida, Nevada and Arizona and how to make $10,000 per month with few expenses wholesaling REOs.
- Top legal strategies for buying and flipping short sales and REOs in 2010.
- The ABCs of passive real estate cash flow in 2010 and how to make more than you spend
- How the HAFA Program will affect short sale investors in 2010 and why they should be scared –– if they don’t have the education they need.
- Why Wells Fargo loves house flippers…really. Any how other banks will soon follow
- How to blow your business out by helping a handful of exclusive agents and brokers make more money
- Learn the top five tactics you need to create a $250,000 business in the next six months
- Discover the SREC core “money-making” strategies that will create a steady stream of cash that will allow you to take care of your family, forever.
Is it a lot to get through…you bet. Tune in and I know you’ll get enough good nuggets of information to get you started going where you need to go.
Look for an invite in your email box. I’ll try to post the link on this blog sometime before Thursday. Stay tuned!
~ Josh
Facebook Josh’s Page:
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Twitter:
http://twitter.com/joshcantwell
Silver Access Membership:
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Top Short Sale Lawyer:
http://topshortsalelawyer.com/
The Holidays are Over: Time to Get Serious!
Tuesday, January 5th, 2010 | Uncategorized | No Comments
If you’ve been following our blogs, and some of the information that we have out on the Internet, then you know that at the end of the month we are holding our first live event in a long time.
It’s called The World Short sale Main Event.
http://worldshortsalemainevent.com
Whether you are interested in short sale or want to know more about real estate investing, this is one event you don’t want to miss.
Problem is, the block of rooms we reserved at the hotel in Scottsdale is sold out. Yesterday, we managed to get a smaller block reserved, but we expect those will be go fast, too.
Our hotel is even offering to find rooms at other nearby hotels! Check out this email we received just yesterday:
“Right now, the room block is final and closed for new reservations. We will not be able to increase the rooms as we are nearing sold out. Going forward options for making reservations are: put guests on the waitlist, or I can help your guests find similar rates at hotels nearby, or they can book our going rate of $339/night.
Melissa Williams, Reservations Supervisor | Group Coordinator FireSky Resort & Spa | Scottsdale, AZ
Here is what you need to do right now: Call The Firesky Resort and Spa at the number below: Reservations 800- 528 – 7867 OR Hotel 480 – 945 – 7666 and use the code: “Strategic Real Estate Coach”
Here are the dates again: Jan 28, 29, 30th with a 2 day bonus event afterwards for Platinum Coaching Students ONLY Jan 31st and Feb 1st.
I am assuming you have already registered for the event. If you haven’t yet…YIKES! If you only attend one event this year this is it. Kick off 2010 with a bang, just look at the details below…
http://worldshortsalemainevent.com
It’s time to get off the fence and really get your real estate business going. Join us in Scottsdale for the most fun learning experience you’ll ever have…We’ll even put you on the “honor system” for payment…You’ll understand when you read this…
http://worldshortsalemainevent.com
Thanks,
Josh Cantwell and Jeff Watson
About Title Commitments
Monday, January 4th, 2010 | Uncategorized | No Comments
Hey, Josh here. I found a good one for you. Want to know one way to stop a deal from blowing up? Watch this.
Jeff Watson is trying to explain why title commitments are important, but he’s really just giving an example of a bigger principle that all real estate investors need to know if they want to make any money.
If you have been doing short sales for any length of time, by now you have figured out that the paperwork required by the bank and the title company is mostly just designed to cover their collective backside if anything goes wrong with your deal. Title commitments, disclosures, affidavits, insurance, waivers – it’s enough to give you a headache, especially if you don’t like paperwork in the first place.
At SREC, we can’t stress this enough. It can be a headache, but covering your own backside has to be a priority if you’re going to see the deal through to closing. Take the option contract, for example. As Jeff designed it, that document protects you from all kinds of things which could kill your deal. It protects you if people back out of the deal. It protects you against things which are out of your control. You’re covered in case something stupid happens.
You never know how much you need documents like that until something goes wrong and you’re stuck with a property that you can’t resell or a homeowner that thinks you screwed them. Did you ever run into anything like that?
One click here and you can learn how to avoid a lot of headaches in this business. We have been working this business every day for many years, and we love to save deals from exploding! The Silver Membership is free, and the financial rewards of doing it right are just too sweet to pass up. You deserve this!
Happy New Year!
~Josh
www.worldshortsalemainevent.com
www.linkedin.com/in/joshcantwell
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