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Servicers Modify 210K Loans Through Own Programs in Q1: Report
Tuesday, May 3rd, 2011 | Foreclosures, Real Estate Investing, Uncategorized | No Comments
An estimated 210,000 homeowners received permanent, proprietary loan modifications from mortgage servicers during the first quarter of 2011, according to data released by HOPE NOW on Monday.
That’s down nearly 20 percent from the 261,500 private-program mods reported during the fourth quarter of 2010, and 40 percent fewer than the 347,000 completed in the third quarter of 2010.
The proprietary mod tally does not include loan modifications through the government’s Home Affordable Modification Program (HAMP).
While the quarterly totals indicate a significant slide in modification activity, servicers reported an uptick during the month of March, when approximately 77,000 proprietary mods were completed. That’s up 26 percent from the 61,000 tracked in February.
“We were pleased to see the increase in proprietary loan modifications from the previous month, despite the challenges facing the industry,” said Faith Schwartz, HOPE NOW’s executive director. “This reversed a downward trend in proprietary modifications seen in the previous few months.”
HOPE NOW’s data also show an increase in foreclosure activity in March.
Foreclosure starts for the month were 217,000, up from the 180,000 reported for February 2011 – an increase of 21 percent.
Completed foreclosure sales in March totaled approximately 85,000, up from the 62,000 from the month before representing an increase of 35 percent.
According to HOPE NOW’s report, 60-plus day delinquencies at the end of March tallied 2.63 million, down 6 percent from the 2.78 million reported in February.
Schwartz commented, “While it’s encouraging to see a continued decline in 60 day delinquency we realize many homeowners continue to be at risk of foreclosure, as evidenced by the increase in foreclosure sales in March.”
Technology Enhancements Drive Changes to the BOA Short Sale Process
Wednesday, April 13th, 2011 | Uncategorized | No Comments
I received this email yesterday and wanted you all to be aware of some changes that Bank of America has made to their short sale process:
“In March, fields were added to the initiation page in Equator so Bank of America can identify which short sale the homeowner qualifies for and best fits their situation. Starting in April, a series of technology enhancements are being implemented to improve the short sale process:
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The Unadultered Truth
Monday, January 31st, 2011 | Uncategorized | No Comments
I don’t know about you, but I’m sick and tired of what’s happening in the real estate investing training industry.
Now there’s a lot of guys I like, respect, and call friends. Some have even been past students and current mastermind partners.
But for every one of the “good” guys, there are 3 or 4 popping up out to take your money.
Remember this. When you decided to invest in a home study course, attend a workshop or boot camp, and join a mentoring program you entering a relationship built on trust and the ability to get YOU results.
I’m not going to name names, but can these fly-by-night gurus prove their own accomplishments let alone the success of their students?
Anyway, enough of my rant for now…
Thursday night I’m holding a special presentation that pulls back the curtain and give you…
The Unadulterated Truth About The Current State Of Real Estate Investing“Gurus”, Training, and Coaching Programs…
I’ll reveal the Fact Vs. Fiction of real estate investing in today’s troubled market.
You should know that the Strategic Real Estate Coach team is highly-regarded as the most qualified and experienced investors in the country with a combined 142 years experience in real estate investing with over 2,796 closed deals, and $52,000,000 in profits.
I’d like you to join us on this training presentation where you’ll discover how we continue to do deals successfully even while many experienced real estate investors fail because of today’s market.
The call is February 3rd, at 9pm Eastern / 6pm Pacific, you can register here:
http://srecbusinessmastery.com/
On this webinar you will discover…
• How to separate the hype, lies, scams, and rip-offs from the facts and truth of real estate trainers today, and what works right now.
• The emerging real estate niches you can’t ignore.
• Creating a winning strategy and how to mastermind your way to success in real estate.
• The 4 stages in the evolution of real estate investing success: Get from ground zero, to start up, to expert, to mastery and your first $250K in under 6-months.
• How to find, and hire the best to work less, and make more.
• It just takes four people to run your $500,000+ real estate business.
• The biggest reason why people fail, and what to do about.How to overcome procrastination and doubt.
• How to tap into a nationwide network of the most profitable investors in the country all working for each other’s success.
• And more…
To register, simply complete the form below to reserve space on the training presentation. This will fill up fast, and lines are extremely limited.
Again, the presentation will start promptly February 3rd at 9pm Eastern / 6pm Pacific.
Register now:
http://srecbusinessmastery.com/
Talk soon,
Josh
The Power Of The Mastermind
Saturday, January 29th, 2011 | Uncategorized | No Comments
Napoleon Hill, author of one of my favorite books, Think and Grow Rich, first wrote about the power of a “Mastermind”.
And even though that book is nearly 100 years old, the concepts stand true.
The “Mastermind” is an incredible principle used by the world’s most powerful leaders, Titans of business, and today’s wealthiest entrepreneurs.
This key principle of success let’s you multiple your brain power to generate new, exciting, and profitable ideas.
I belong to multiple masterminds, as well as mastermind with students who are some of the most successful real estate investors in the country today.
Here’s a video I just shot for you on how to harness the POWER of a mastermind, and how YOU can plug into a mastermind to help create amazing results in your life.
You can watch it here:
http://srecbusinessmastery.com/successstories/
While you’re on that page be sure to register for a special “Business Mastery” presentation I have scheduled for Thursday, February 3rd . If you want more freedom, money, time and excitement from your business, you do not want to miss this training.
Register here:
http://srecbusinessmastery.com/successstories/
Enjoy the video and I’ll see you on the training.
Peace,
Josh
Want more results? Clone Yourself!
Saturday, January 29th, 2011 | Uncategorized | No Comments
Ever wish you could clone yourself and double the results in your investing business? That’s what’s going on in Chicago with one of our Platinum coaching students. Check it out :
Ok, maybe I’m stretching the truth a little bit. Meet Haaris & Hamza Ishaq from one of my favorite cities – Chicago, Illinois. The Ishaq brothers are in our Platinum coaching program. A couple of weeks ago, my Google alerts picked up a blog post written by Hamza.
Take a second and read it. I think it’s a perfect example of who SREC is and what our culture is all about. Thanks guys. We’re so happy to have you as part of the family. -Josh
Urgent Warning
Friday, January 28th, 2011 | Uncategorized | No Comments
Hey, Real Quick…
Just got word there are only 3 rooms left at the hotel for the BLD Summit.
It’s coming up in a few weeks – February 11, 12, and 13 in Orlando, FL.
Register for the BLD Summit now, and reserve your hotel room under the Strategic Real Estate Coach room block.
It’s at the Sheraton Downtown Orlando, FL and we’ve arranged an awesome room rate.
You can get the details at the link above.
The event is going to be awesome.
My coaches and I have spent the last few weeks preparing new, fresh, incredibly profitable training for you.
These are new PROVEN strategies only the SREC inner circle will gain access.
You won’t want to miss this. (PLUS, we’re going to party like it’s 1999!)
See you in February,
Josh
P.S. Seats for the BLD Summit are almost all sold out. So, just a friendly warning… don’t wait.
Give us a call if you have any issues. 877-319-3760
If you haven’t registered – do it now.
The Highest Revenue Producing Activities in Real Estate….
Thursday, January 27th, 2011 | Uncategorized | No Comments
Here’s the key to getting everything you want out of your real estate business and your life…
In this training video I reveal the HIGHEST REVENUE PRODUCING ACTIVITIES that you should be spending your time on in your real estate business. I also reveal the non-revenue and low revenue activities – which you should avoid – as well as the complete time wasters – avoid at all costs.
Watch this video to take massive action, overcome laziness, and defeat procrastination once and for all!
http://srecbusinessmastery.com/blog/
Peace,
Josh
Heard It At SREC First
Wednesday, January 26th, 2011 | Uncategorized | No Comments
Here’s a few words from Maverick Mastermind student, Steve Londeau, from the mastermind session in Michigan last week. Great to see you, Steve. Keep up the awesome work!
New Instant Cash Infusion Strategy (Just Revealed…)
Monday, January 17th, 2011 | Uncategorized | No Comments
I’ve been focusing my training with you over the past 6 weeks on new and unique strategies that make you 6k in 16 to 60 days or less. I call them Instant Cash Infusion strategies or “ICI” for short.
A lot of investors I’ve talked with and surveyed are looking for ways to make quick cash in 2011. They like the long term deals with huge paydays like short sales and rehabs BUT they are more concerned about making money now.
If you’re looking to do your first deal or if you’re an experienced investor looking for ways to infuse your business with chunks of cash then you’ll want to pay close attention.
Last week I revealed 4 ways to make money in 2011 without banks, bank financing and without having to wait 4-7 months for a payday.
There were over 5,000 people who watched my presentation.
I have one more brand new Instant Cash Infusion strategy that can make you quick cash. You can start doing this by Friday and make cash by next Friday. (That’s 7 days!)
I scheduled two training presentations for Tuesday night to tell you all about it.
Choose the time that works best for you:
Click to register for Tuesday’s training at 8:30 pm Eastern / 5:30 pm Pacific
Click to register for Tuesday’s training at 11:30 pm Eastern / 8:30 pm Pacific?(For investors on the West Coast)
In this presentation I’ll show you 4 unique investing strategies that work right now:
*How to make $3,000 – $7,000 “BIRD DOGGING” properties at the foreclosure auction for other investors.
*How to Buy Properties For Your Own Portfolio at the foreclosure auctions.
*How to Find and Utilize the Services of Auction Bird Dogs for Yourself so you don’t have to attend the auction. This goes right along with my strategy of creating your own “Apprentice Program” which I’ve been teaching since 2004.
*How to create a buyer’s list of 25-30 investors in one afternoon in order to assign and wholesale your equity, short sale and lease option properties to them.
*Using this strategy you can “BIRD DOG” for other experienced investors, find properties for them to buy and get paid quickly for doing it.
*What’s so cool is that you won’t need money, credit, experience, banks or any bank financing just like the other ICI strategies I have been teaching you.
“Bird dogging” at the foreclosure auction is Instant Cash Infusion Strategy #5.
Register for one of the training presentations to learn all about it.
Choose the time that works best for you:
Click to register for Tuesday’s training at 8:30 pm Eastern / 5:30 pm Pacific
Click to register for Tuesday’s training at 11:30 pm Eastern / 8:30 pm Pacific?(For investors on the West Coast)
Peace,
Josh
P.S. There are over 6 million foreclosure properties in “shadow” inventory. These properties are in default, distress and foreclosure and about to hit the market. Using the strategies I’ll show you Tuesday night you can take advantage of some of this inventory and get an Instant Cash Infusion of between $3,000 to $7,000 in the next 16-60 days.
My last day at the office this year!
Friday, December 24th, 2010 | Uncategorized | No Comments
Just shot a video for you from our end of year/Christmas/New Year party at the office.
It’s our last day in the office for the rest of the year and we had a blast with friends and family.
In the video I’ll introduce you to some of the awesome SREC crew – they’re a big part of why I love what I do.
I posted the video here, check it out:
2010 has been awesome year. 2011′s going to be even better!
I hope you can join us this February for our BLD Summit in Orlando.
Watch the video and I’ll tell you all about it.
Until then, my best wishes for you and your family.
Merry Christmas, Happy Holidays, and Happy New Year.
Talk soon,
Josh
P.S. Watch the video and make 2011 your best year yet!
Just enter your first name and email in the
box below for free immediate access!
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