Short Sales
CoreLogic: 43.4% of Sacramento-area mortgages “underwater”
Thursday, September 2nd, 2010 | Foreclosures, Real Estate Investing, Short Sales | No Comments
This is a quick snippet I came across this morning after my workout… The article provides a link to what’s going on in the Central Valley. Hey, I know most of us don’t live in California, but with a population of 38MM it’s still a juggernaut and one of the largest economies in the world. With so many houses upside down, one wonders what can be done? ~Josh
See more in The Sacramento Bee
Duke suggests renting option could ease foreclosures, help housing market
Thursday, September 2nd, 2010 | Real Estate Investing, Short Sales | No Comments
A good article that builds on the one I posted before it. Question: How likely would you be to pay your lender rent on your house until you could get back on your feet?
~josh
Read more at The Hill
Free One On One Short Sale Negotiation Training
Wednesday, September 1st, 2010 | Real Estate Investing, Real estate short sales, Short Sales | No Comments
Morning!
I just finished up a morning bike ride to get in my daily exercise. My doctor said I’m having back spasms so I’m riding my bike instead of lifting weights.
Man does it feel good.
Anyway, I was thinking about you while I was riding and I have a question….
Do you negotiate your own short sales? OR do you have an employee, vendor or outsourcing company that does it?
Are they doing a good job? Could they be better? Faster? Get lower prices, bigger discounts and faster approvals?
Well if you answered “YES” to any of these questions, you have to get on Thursday night’s training call.
Whether you’re a real estate agent, mortgage broker, short sale investor, lawyer or do loan modifications, then boy, do I have something for you!
Join me on Thursday, Sept. 2 at 8:30pm Eastern to learn how you can get access to information that will COMPLETELY CHANGE how you negotiate your short sale deals.
You remember that last week I had a fantastic call with Jerami King who shared his inside knowledge on specific banks and their procedures to approve deals.
Jerami has a team of people he had to train, and I’m going to hook you up with “The Guy” who helped train all 20+ of Jerami’s employees, my good friend Dean Edelson.
Let’s face it…no one likes negotiating short sales. What we like is the end result. The approval letter.
So what if you could EASILY:
*Slam past loss mitigation roadblocks.
*Know exactly what to say to 1st mortgages to trigger the BPO.
*Negotiate effectively with 2nd mortgages, 3rd mortgages, lien holders, even the IRS.
*Get your deals approved FASTER.
*Create bigger spreads.
*Cut response time in half.
*Close more deals for more profits.
Go here now to register for tomorrow’s webinar.
He’s doing something you’ve NEVER heard before on a webinar… and it’s the key to your negotiating success. He’s going to play something on the call for you that will blow you away.
GUARANTEED.
Did I mention he’s crazy? He is. Because here’s his guarantee…
If you feel that your time on the call was wasted, he’ll give you your time back. Yep, you read that right. If you stick around for the entire call, but feel you weren’t impressed with what you heard, that you didn’t get any value out of the great content…
He’ll give you a FREE 15 minute one-on-one PERSONAL short sale consultation. No questions asked.
This crazy guarantee has people swarming to listen in, so hurry up and register now!
Peace,
Josh
P.S. I told you he was nuts. Register for this insane webinar.
Devalued Homes Anchor Prospective Job Seekers
Tuesday, August 31st, 2010 | Foreclosures, Real Estate Investing, Real estate short sales, Short Sales, Uncategorized | No Comments
In a recent post, I asked a question about how the recent housing meltdown has possibly changed the American Dream. This article support something that I’ve long considered, that housing can be more than just a financial burden; that it can prohibitively anchor someone to a community with limited opportunities and be an albatross around the neck.
Example, much of the Midwest is filled with communities that thrived as long as the local factory was in town. Unfortunately, most of them have been shut, taking their tax breaks and headed over seas for cheap labor. Millions of people were stranded in houses they couldn’t afford and communities with little to no financial opportunity… and this was long before the housing crash!
If you haven’t yet started your rental portfolio, now might be a good time to consider landlording. But before you do, make sure to check out our newest release, call Landlording Confidentail by Jeff Watson. You won’t want to miss the expertise he shares from his 25 years of experience maintaining a rental portfolio.
Oh… and be sure to check out this article. See NPR.
Procrastination on Foreclosures, Now ‘Blatant,’ May Backfire
Tuesday, August 31st, 2010 | Foreclosures, Pre-foreclosure, Real estate short sales, Short Sales, Wholesale properties | No Comments
This article builds on where the NYtimes piece left off…
“The industry as a whole got into a panic mode and was worried about all these loans going into foreclosure and driving prices down, so they got all these programs, started Hamp and internal mods and short sales,” said John Marecki, vice president of East Coast foreclosure operations for Prommis Solutions, an Atlanta company that provides foreclosure processing services. Until recently, he was senior vice president of default administration at Flagstar Bank in Troy, Mich. “Now they’re looking at this, how they held off and they’re getting to the point where maybe they made a mistake in that realm.”
What are you seeing in your market? Are prices finally coming in line with area local incomes? ~josh
See American Banker.
Widespread Fear Freezes Housing Market
Tuesday, August 31st, 2010 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales | No Comments
Well, you really can’t miss when you begin with a lead-in like this:
“ You have to wonder sometimes what they’re smoking over there at the National Association of Realtors.”
What real estate investor the past seven years hasn’t wondered the same thing?
~josh
See The New York Times.
Learn from a Jedi Master Short Sale Negotiator
Monday, August 30th, 2010 | Foreclosures, Pre-foreclosure, Real estate short sales, Short Sales | No Comments
Happy Monday! Can you believe it’s almost September? Well, I have a great way to kick off a new month. Check this out.
How would you like to listen in as the nation’s top short sale negotiator spills the beans on negotiating your way to FASTER and EASIER approvals?
Join me this Thursday, Sept. 2 at 8:30 pm Eastern as I talk with my good friend Dean Edelson. Dean is truly a Jedi Master when it comes to short sale negotiations. Over the last five years Dean has recorded ALL of his loss mitigation calls. That’s over 1600 calls!
Click here to Register for this Sept. 2 webinar now.
Dean is going to reveal some of his best kept secrets to help you…
*Get your deals approved faster.
*Blast through lender objections.
*Create bigger profits.
*Deal confidently with difficult mitigators.
*Negotiate like a Jedi Master.
You don’t want to miss this call. Having this information is something that will definitely set you apart from the pack, and improve your results tremendously.
See you on the call!
Josh
P.S. Why miss the chance to tap into your inner Jedi?
Register for the call right now!
Legally swipe your competition’s private lenders (video for ya)
Sunday, August 29th, 2010 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales | No Comments
Have you ever seen a real estate investor in
your town closing a bunch of deals…
… and you’re sitting there wondering how they’re
funding their deals?
Well, this video that I found last week
shows you how you can literally (and legally)
*spy* on your competitors to see who their private
lenders are (and hard money lenders too!)… and
he shows you how you can swipe those lenders so
they can become your own.
Check out the video… its 23 minutes… and I think
you’ll enjoy it a ton 
https://m1mm.infusionsoft.com/go/pmod/Josh/ <<<
Oh, also…
… the video shows you how this also
works for finding ANY person who lends private
money in your local market pretty darn easily
(this source he shows in the video is free in most counties too
There’s actually an example of a real world
private lender he found doing what the video talks
about that just lent $300k to another investor
a month ago.
This can change the game for some investors who
are needing more private lenders to help you close
your deals.
Check out the video and let me know what you think <<
See ya over there
Josh
PS – I think they may be taking the video down soon…
not sure when… but it’ll definitely be soon. So, head
on over and check ‘er out now while its up for ya.
Bank Insider Reveals Shocking Short Sale Trends
Thursday, August 26th, 2010 | Bank owned, Foreclosures, Real Estate Investing, Real estate short sales, Short Sales | No Comments
Jerami King is a former team leader for the loss migitation department of a MAJOR bank. Today he helps real estate investors and homeowners successfully navigate the pre-foreclosure process. Few people know more about the ‘ins-and-outs’ of working with leaders on short sale approvals.
Tonight, Jerami will share some unnerving trends and changes in lender protocols he’s discovered as a result of handling over 600 cases (both active and completed) in the last two years.
If you’re currently working with, or come across a deal from Bank Of America, Aurora, PNC, Chance, CitiBank, IndyMac/OneWest, AHSMI or any of the other major banks and lenders, you won’t want to miss this call.
Jerami will be sharing which lenders play well with investors, which don’t and how to get around the red tape to get approvals quickly.
Click here to register for tonight’s call at 8:30 pm Eastern.
On our webinar tonight, you’ll get detailed information on exactly what banks are looking for, what you can and can’t get accepted, what you can get in closing costs and concessions, BPO percentages… and other info you’ll only discover working with these lenders directly.
As you would imagine, the average investor won’t have privilege to the information and statistics Jerami has access.
Tonight you’ll hear an analysis of hard data from over 600 case files, put into plain English so you can shortcut the frustration and costly “trial by fire” of working with “unfriendly lenders” yourself.
The call is tonight at 8:30 pm Eastern. It’s all content, and I highly recommend you set time aside to join us. You won’t find this information anywhere else, and it will make a huge difference in your business, regardless if you’re a new investor, or seasoned pro.
Click here to register for tonight’s call at 8:30 pm Eastern.
Mansion squatters return in a big way
Tuesday, August 24th, 2010 | Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales, Wholesale properties | No Comments
Okay… gang. Don’t expect SREC to produce a course on this topic “How to Get a Million Dollar Home by Squatting.”
People are attempting to lay claim to foreclosed property by simply moving in. Now I’ve heard of people moving into properties in pre-foreclosure as a way to save a dime until the house goes to auction, but this takes it to a whole new level!
But should we be surprised? Just last year Wells Fargo made national news for an executive who moved into a 15 million dollar home in Malibu and threw lavish parties –– AFTER the original homeowners were forced out because they defaulted on their loan!
I guess if the big boys can do it, regular people can try…
~josh
Read more at The Seattle Times
