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Real Estate Investing

Short Sale Timeline Requirements Set By GSEs

Sunday, April 22nd, 2012 | Bank owned, Foreclosures, Real Estate Investing | No Comments

This is big news for real estate investors, specifically anyone who does short sales. As of June 15, real estate agents working on short sale offers with loans backed by Freddie Mac or Fannie Mae should expect to receive a decision on the short sale within 15-30 days. This is part of the overall process to incorporate more transparency in the short sale process and speed things up.

If more than 30 days will be necessary, the servicers must provide weekly status updates, and reach a decision within 60 days from the offer. In turn, the borrower has some timelines to contend with, too. If the servicer provides a counteroffer, they will need to respond within five days.

Read the complete article here.

Tags: bank, forclosures, GSE, housing crisis, Real Estate Investing

My Life In Real Estate – From April 13th, 2012

Thursday, April 19th, 2012 | Private Money, Real Estate Investing | No Comments

{RESULTS} That is all you should care about!

Wednesday, April 18th, 2012 | Real Estate Investing | No Comments

Later today at 2pm eastern and again at 9pm eastern I’ll be interviewing my mentor student, friend and “The King of Systems”, John Cochran about his Buyers On Fire Software.

On the call we will show you IN REAL TIME how I’ve built a list of 593 buyers in less than a week and how we are putting ourselves in the middle of dozens of transactions so you can do it too.

https://www2.gotomeeting.com/register/307161770

https://www2.gotomeeting.com/register/554453250

On the interview / webinar we are going to take you into the back office of my company and we are going to teach you:

*How EXACTLY I am driving in over 80 new BUYER leads a day so you can do it too.

*How EXACTLY we are communicating with the buyers list on autopilot so you can do it too.

*How EXACTLY I am advertising in Craigslist, Backpage, Twitter and Facebook to get the traffic so you can do it to.

*How EXACTLY to FIND THE SELLERS to connect with these buyers.

This has rapidly become my #1 focus because it’s easy, simple and risk free. And you can get started with no money, no experience, no license and even do it part time with another J.O.B.

So clear your schedule today and register NOW

https://www2.gotomeeting.com/register/307161770

https://www2.gotomeeting.com/register/554453250

Here’s just a few of the emails I have gotten over the past week about Buyers On fire.

Everyone who bought it is getting massive results.

“I started posting ads this morning and I already have 30 leads coming in.” ~ Michael Baron

“With only an ad in Craigslist (posted twice) and Backpage (auto-repost) I have 14 new leads and 12 hot leads. One person is emailing me about getting the listings already.” – Jin

“Thank you so much for turning me onto this program. I have set up the program and have posted on craigslist 3 times each day for 2.5 days and received 50 new buyer leads and received several direct phone calls.” = Jim Keith

“I didn’t believe Josh when he said he was getting 85 leads a day. BUT I set up my own account and received 39 leads in the first 20 hours.” – Dave Schneider

The Proof is in the RESULTS :

Josh

P.S. Don’t miss this opportunity to get from where you are now to where you want to be in the shortest amount of time possible. Buyers On Fire is the software to get you there.

This is the one opportunity you will kick yourself for if you miss out.

https://www2.gotomeeting.com/register/307161770

https://www2.gotomeeting.com/register/554453250

Best Buyer List Building Software on the Planet! Bar None!

Monday, April 16th, 2012 | Real Estate Investing | No Comments

Good Monday Morning!

Hope you and your family had a fantastic weekend.

My wife Lisa Marie and I were jamming all weekend. Saturday we took our kids to “AMAZONE” which is an indoor playground and arcade with my mom and dad and my niece, Emily. Saturday night we had two of my best friends over (Jason and Lutul) with their wives and kids. Then Sunday I went to visit my uncle who is in the hospital with a weird nerve thing going on and Sunday afternoon I went to my sister in laws for my niece Vanessa’s birthday. Busy weekend, just how I like it. No work! All Play!

While I was having fun and playing around all weekend my BUYERS ON FIRE account BLEW UP.

I went from having 232 Brand New Hyper Motivated Buyer Leads on Thursday night to 431 Brand New Hyper Motivated Buyer Leads on Sunday afternoon…….

AND I DIDN’T DO ANY MARKETING OVER THE WEEKEND. I’m averaging 3.56 leads per hour. Even while I sleep!

Do you want to Know EXACTLY how to build a buyers list of 3,000 new buyers in the next 30 days?

Do you want to know how to turn those leads into wholesale fees, assignment fees and commissions?

Well, I’m so excited about Buyers on Fire for my own business and I’m so convinced it will change your life and your business that I’ve asked the developer, John Cochran, to do a webinar with me.

On the webinar we will show you EXACTLY how I set up my account and how I’m having such massive success so quickly and how you can to.

So SET EVERYTHING ASIDE ON WEDNESDAY APRIL 18^th and jump on this webinar training so you can see how to build a massive buyers list in just 5 days like I did.

I’ll show you inside my account and tell you EXACTLY what I’ve done to blow this thing up in just 5 days.

Join John and I Wednesday April 18^th at either:

2pm eastern / 1pm central / noon mountain / 11am pacific

At 9pm eastern / 8pm central / 7pm mountain / 6pm pacific

On the training I’ll show you how to focus on one simple technique that makes thousands with simple “copy and paste”….

Here’s what you will learn on this training class:

Exactly how to build a buyers list of over 10,000 motivated buyers in under 5 months. I project I’ll get 3,000 new buyer leads in my first month.
The 8 step process to building a 6 figure income producing machine that only requires a couple ads on Craigslist. We give you the ads. The software does the rest.
Why you’ll never need a seller lead ever again and still make five figures a month!
How to have everyone else (agents and investors) bring you their best deals because of your highly targeted buyers list.
How you will wholesale, assign, and flip properties AND earn commissions without ever having to buy a property into your own name.
The technology that automatically communicates with buyers even when you are sleeping.
The email templates that get a 21% + open rate.
Why you won’t ever need the MLS to sell houses ever again.
How to easily recruit agents and bird dogs to work for you and gather all the “paperwork” to close the deal.
How to have these buyers BEGGING you to sell houses to them.
How to control your market and your competition with buyers.
How John’s “Buyers On Fire” system completely automates the entire buyer list creation and profit extraction process.
If you can copy and paste you can do this.
How to make $2,000 to $15,000 sending emails to these buyers.
How to have other “file getters” gathering the paperwork for you virtually.
How YOU can HAVE their AUTOMATED Business so you can just plug in and go!
Plus 3 Brand New BONUSES for those who enroll into Buyers On Fire on Wednesdays webinar class.
And much much more…..

Join John and I Wednesday April 18^th at either:

2pm eastern / 1pm central / noon mountain / 11am pacific

At 9pm eastern / 8pm central / 7pm mountain / 6pm pacific

It Only Takes One Great Idea to Change Your Life and your real estate business. This is THAT IDEA!

Josh

Foreclosure Starts Down, Loan Performance Up

Sunday, April 15th, 2012 | Bank owned, Foreclosures, Real Estate Investing | No Comments

According to a report released by LPS Applied Analytics, loan performance was up and foreclosure starts down compared to the previous month. Despite this, foreclosure rates are near historic high rates but delinquency rates are at the lowest point since August 2008.

Foreclosure starts are down over 15%, with foreclosure inventory at 4%. That may seem low, but compare it to December 2005, when the rate was only .5%. “The national pipeline ratios – 90-plus delinquencies and foreclosures divided by the 6-month average of foreclosure sales – continued to decline.” These rations are higher in the Northeast, specifically New York and New Jersey. Foreclosure sales dropped in both judicial and non-judicial states. The average foreclosure pipeline in judicial states is 84 months, while New York is 846 months and New Jersey 772 months. “Cure rates for all types of loans, including one-month delinquencies to foreclosure initiated loans, were higher. Additionally, repeat foreclosures decreased 8%on a month-over-month basis.”

To read more, click here.

Tags: bailout, bank, Foreclosure, investing, Real Estate Investing

Single Family Rental Investments Thrive

Sunday, April 15th, 2012 | Bank owned, Foreclosures, Real Estate Investing | No Comments

If you’re a real estate investor in northeast Ohio, then this is great news for you. If you’re in a market in Florida or the Midwest, the news is equally as good. According to CoreLogic’s MarketPulse report, these markets yield the highest single-family rental cap rates.

In the last five years, 3 million former homeowners have been turned into renters due to foreclosures. Right now, single-family rental investing is a $3 trillion market, with single-family rental units accounting for 52% of the residential rental market. So where are the most attractive markets for single-family rental investing? West Palm Beach, FL tops the list with 12.4%, followed closely by Cleveland with 12.3%, Ft. Lauderdale at 12%, Chicago with 11.6%, and Las Vegas with 11.4%. During the recession, single-family rents actually increased during the recession, while home values still decreased, making a perfect situation for investors.

For the complete article, click here.

Tags: forclosures, housing crisis, Real Estate Investing

FHFA Director Supports HAMP Principal Reductions

Sunday, April 15th, 2012 | Bank owned, Foreclosures, Real Estate Investing | No Comments

Acting Director of the Federal Housing Finance Agency Edward DeMarco released preliminary findings from an FHFA analysis earlier this week, and stated, “principal reductions done under large incentive payments from the Treasury Department would save Fannie Mae and Freddie Mac enough money to begin an umbrella write-down program,” – up to $1.7 billion.

Despite this, DeMarco stressed that strategic defaults could quickly erase any benefit. When looking at 700,000 borrowers, it’s predicted that Freddie and Fannie could lose $63.7 billion if the loans aren’t modified. “With the tripled incentive payments to reduce principal under HAMP, the losses would be $53.7 billion if some principal is forgiven.” Reducing the principal would save the GSE’s $1.7 billion, at a cost of $2.1 billion to taxpayers for the program.

Read the complete article here.

Tags: bailout, bank, forclosures, GSE, housing crisis, Real Estate Investing