Short Sales
Commercial Real Estate: More Trouble Ahead
Tuesday, March 2nd, 2010 | Bank owned, Commercial Real Estate Investing, Short Sales | No Comments
February 26, 2010, David Kotok, Chairman & Chief Investment Officer
“Between 2010 and 2014, about $1.4 trillion in commercial real estate loans will reach the end of their terms. Nearly half are at present “underwater” – that is, the borrower owes more than the underlying property is currently worth. Commercial property values have fallen more than 40 percent since the beginning of 2007. Increased vacancy rates, which now range from eight percent for multifamily housing to 18 percent for office buildings, and falling rents, which have declined 40 percent for office space and 33 percent for retail space, have exerted a powerful downward pressure on the value of commercial properties.
Banks Prey on Distressed Homeowners
Tuesday, March 2nd, 2010 | Bank owned, Foreclosures, Pre-foreclosure, Real estate short sales, Short Sales | No Comments
Some of the nation’s largest banks including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM) and Citigroup’s Citi Mortgage division (NYSE: C) have been accused of finding unethical ways of making money from distressed homeowners who are trying to avoid foreclosure, including allegations that banks are making illegal requests for up-front cash payments from buyers and real estate agents as part of their agreement to close the deal on short sales.
The long and short of short-selling homes
Tuesday, March 2nd, 2010 | Real estate short sales, Short Sales | No Comments
By Sean Sposito/The Star-Ledger
February 17, 2010, 6:00AM
ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield.
Record high unemployment has put some borrowers in jeopardy of losing their homes.
They are considering refinancing, home loan modifications and even
foreclosure.
But those who are thinking of a short sale have a lot to ponder.
The agreement, in which a lender accepts less than what is owed on a loan, can be arduous – leaving buyers and sellers sitting on the sidelines for months in the best-case scenarios.
“Big FAN of the Best Organization in Real Estate Investing”
Thursday, February 25th, 2010 | Short Sales | Comments Off
“I wanted to let you all know how much I appreciated SREC services. The professionalism. Attitudes, support, understanding, creativity, ingenuity, energy, and most of all… passion. I feel very fortunate to be in the Platinum Coaching. I’m a very big FAN of the best organization in real estate investing.”
-Joe Heffley
1/4 of All Mortgages are Upside Down
Wednesday, February 24th, 2010 | Bank owned, Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales, Wholesale properties | Comments Off
Feb. 23, 2010, 6:21 p.m. EST
11.3 million homeowners underwater on mortgage
WASHINGTON (MarketWatch) — More than 11.3 million homeowners — nearly one-fourth of all Americans with a mortgage — owe more on their loan than their home is now worth, according to a report released Tuesday by FirstAmerican CoreLogic.
More than 10% of people with mortgages owe 25% more than their home is worth.
***The Champions Of Short Sales Training Continues March 3rd at 9pm EST***
Monday, March 2nd, 2009 | Real Estate Investing, Short Sales | No Comments
By: Josh Cantwell
Happy Monday!
I just got back last night from Las Vegas and am still
recovering. I spent the weekend at a networking event
and ran into one of my master’s elite coaching students,
Nathan Jurewicz.
Without a doubt lady luck was on Nathan’s side this weekend
because he won $32K on the blackjack tables Saturday night.
But the great part is that for Nathan the cash he won on
cards is pretty small potatoes. You see since he joined our
coaching program this “20 something kid with crazy hair”
regularly brings in over $100K a month exclusively from his
short sales business that he runs completely hands off.
Pretty cool huh?
That’s why I’ve asked him to join us on tomorrow night’s
(March 3rd at 9:00 pm EST.) continuation of the Champions
of Short Sales training series.
Space is limited. Be sure to register for this no cost
training right now:
https://www2.gotomeeting.com/register/614323892
Leading tomorrow night’s LIVE webinar is my personal attorney,
business partner and fellow SREC Coach, Jeff Watson.
They’ll be talking about the option contract. Jeff’s the
creator of the option contract and when it comes to the
subject of using this method for quick-turning short sales,
there is no better authority.
We’ll also hear from Nathan on how he does over $100K per
month in his short sale business that he runs completely
on autopilot.
This is going to be a content packed call. In fact, at our
last boot camp during Jeff’s question and answer session
Nathan stood up and grilled Jeff with hard-hitting question
after question. He then took action right away to add a lot
more profit to his business.
Check this out…
***He learned the Realtor referral concept from the July
2007 SREC bootcamp and has since spends no money or time
to find new deals. They come to him,
***He has one women who does all of his BPOs on his behalf.
***He has a mitigator who negotiates all his deals for him.
***He gets all his leads from Realtors and other investors.
***He never has to leave his office, meet sellers, buyers
and never talks to anyone!
Join us tomorrow night at 9pm EST and Nathan will tell you
exactly how he does it!
https://www2.gotomeeting.com/register/614323892
Remember, the Champions of Short Sales training is completely
no charge and all content. But space is limited and you won’t
want to miss out.
Peace!
P.S. I’ve had to make a few changes to the schedule for our trainings.
Here’s the new line up…
***Tuesday, March 3rd – This call with Nathan and Jeff.
***Wednesday, March 4th –Loss Mitigation and The Art of the
BPO process with luxury homes.
***Thursday, March 5th – How To Sell Any House Fast In Today’s
Market using our updated simple to follow checklist
***Monday, March 9th- Closings and how to fund flips using
none of your own money or credit
I know it’s a pretty intense schedule to get a full Short Sales
education in such as small time frame but be willing stretch your
comfort zone just a bit. Trust me. It’ll be well worth it.
P.P.S: On Wednesday I’m announcing a special opportunity for
anyone interested in apply for my Platinum and Diamond coaching
groups. Keep an eye out.
Announcing The Champions Of Short Sales Webinar Series
Monday, February 23rd, 2009 | Short Sales | 5 Comments
This is the official announcement of The Champions Of Short Sales Webinar Series!
Over the next few weeks I’m holding a 5 part series of
training webinars all about how you too, like many of my
coaching students, can be a champion in this economy.
This five part training series starts Thursday, February 26
and runs through the next couple of weeks.
I’ll share the agenda in a second, but before I do, I should
tell you there’s no costs involved, and no strings attached.
These trainings on how you can maximize your profits in Short
Sales in today’s market are ALL MEAT. Absolutely no fluff or
filler will be allowed – just pure actionable content.
Plus, these calls build on one another, addressing an important
focus of a successful short sale business.
On some calls I’ll even have a coaching student on the line
with me to share insights of the success they enjoy today so
YOU can copy their real world experience to achieve similar
results.
Take a look at what we’ll be discussing each night around 9pm…
***Thursday, February 26 – Referrals and Centers of Influence
Marketing for short sales on Pretty houses
***Tuesday, March 3 – Contracts with my partner and personal
attorney Jeff Watson. The co-creator of the Option Contract
Method for quick-turning short sales.
***Wednesday, March 4 –Loss Mitigation and The Art of the BPO
process with luxury homes
***Thursday, March 5 – How To Sell Any House Fast In Today’s
Market using our updated simple to follow checklist
***Monday, March 9- Closings and how to fund flips using
none of your own money or credit
Yes, I know it’s a pretty intense schedule but they say
drastic times call for drastic measures. I’d say with the
way our economy is headed, this qualifies.
Again, there’s no cost for these trainings. All you have to
do is register. But be warned, due to technology restraints
space on each webinar will be limited.
On Wednesday I’ll give you the chance to register for the
first webinar, so I highly suggest you keep an eye on your
email box and be prepared to register for this no cost training
event.
I see people thriving in this economy and I see people struggling.
I want you to be one of those who is thriving and I’m going to help you.
How To Make $20,000-$30,000 Dollars Per Deal
Wednesday, December 10th, 2008 | Short Sales | 3 Comments
By: Josh Cantwell
I bet you’d agree that most people are broke as a joke right now. That’s exactly why I’m doing a webinar tonight to show you HOW to make $20,000-$30,000 dollars per deal in the short sale business using none of your own cash or credit.
Everyone who attends tonight’s webinar will have a chance to win some incredibly cool prizes such as The Short Sale Success Blueprint Course worth $995, AND a full 12 months of coaching. Plus we have some other cool prizes in store for you… But you must attend the webinar in order to win.
Join us for tonight’s special webinar
Most people are living paycheck to paycheck today. They don’t have the money to do the things they really want to do. They don’t even have the money to pay the bills most of the time.
Other people are making boatloads of money. They’re prospering quite nicely in this economy. They’re like little squirrels “stocking up” for the winter BUT their plan is a few years on, then the rest of their life off…
I’m going to be showing you a very unique business model from A-Z. How you can do short sales with no cash and no credit.
I’m going to lay out the entire business model TONIGHT ONLY so you can start making big money immediately. This will NOT BE RECORDED.
You have to watch this hilarious short video Greg just made about the call tonight.
I don’t care if you’re flat broke or a multi-millionaire, DON’T miss this live CALL.
Today is THE DAY! Short Sale Success Blueprint Available at 12pm EST!
Tuesday, December 9th, 2008 | Short Sales | 2 Comments
By: Josh Cantwell
TODAY is THE BIG DAY!!! We’ve had a super busy week around here – we were literally running around here last night like crazy people!
I’m super excited to tell you that I’m re-releasing the Short Sale Success Blueprint again for a very limited time – and for FREE TODAY at 12pm EST! All you have to do is pay $16.95 for shipping and handling.
You’ll get the 461 page home study course for FREE PLUS 30 days FREE access to our Short Sale Success Gold Coaching Program PLUS 60 days FREE access to a short sale customized version of Realeflow!
All you have to do is check out the Short Sale Success Blueprint TODAY at 12 NOON EST! I only have a limited number of Blueprints, so hurry up and get yours now.
Delinquent Mortgages Nearly Doubling in 2009?
Thursday, December 4th, 2008 | Short Sales | 1 Comment
By: Josh Cantwell
I just read an article in the Wall Street Journal that is predicting the number of delinquent mortgages to nearly double by the end of 2009. Nearly DOUBLE! That would be the highest level of delinquent mortgages in about 16 years. Not to mention that currently 1 in 9 houses are in some state of foreclosure and 1 in 5 houses transferring are selling through short sales!
So HOW are you going to thrive in this market instead of being the 1 of 9 that’s facing foreclosure?
I’m here to tell you… Invest in real estate using Short Sales. If you’re a real estate investor or real estate agent, it’s time to get into the short sale niche (if you’re not already) and really understand how these things work and how they can be your lifeline so you not only survive in today’s economy, but THRIVE in today’s economy.
I’ve just re-released the Short Sale Manifesto 2.0, which I guarantee will blow your mind. The Short Sale Manifesto 2.0 is a 60+ page report full of the most up-to-date, cutting edge information available in the short sale industry today. This is my PERSONAL wealth formula, and it’s my gift to you. I’m also throwing in 4 companion audios to go along with the Short Sale Manifesto 2.0.
You’ll learn the right AND wrong ways to do short sales, the 10 biggest mistakes investors make TODAY that can be the difference between success and failure in any deal, referral based marketing techniques my students and I use to generate floods of deals without spending a penny, the art of the successful BPO, the right option contract to use to keep you out of hot water, and a ton more!
The Short Sale Manifesto 2.0 won’t be available for long, so get your copy now.
There’s more coming next week, so mark your calendar for 12/9/08!
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