Short Sales
Check Out This Contest Video Submission!
Thursday, June 17th, 2010 | Foreclosures, Pre-foreclosure, Real estate short sales, Short Sales | No Comments
This great video is Mike “Stubby” Kleinstub’s submission to Strategic Real Estate Coach’s Building Lifestyle and Design contest. Mike did a great job of describing his life before and after SREC and where he plans on taking his business in the future. If he wins the contest he will win his very one 2011 Harley Davidson.
The BLD contest is all about building a business that give you the lifestyle that you desire. The Short Sale Business is booming as the economy gets weaker. In fact this fall with all of the Option ARM, ALT-A, and Commercial resets coming due, we feel that we are in the eye of the hurricane right now. We haven’t even begun to clean up the Sub-Prime mess.
The best thing about the Short Sale Business for investors is that it is just difficult enough to keep the average investor out of it. This means a growing market of foreclosed properties + few investors to take advantage of the market = HUGE MONEY!
Enjoy the video and a quick reminder that all videos must be in by no later than July 1st!
-Chris Duane Director of Operations SREC
Commercial Financial Tsunami
Wednesday, May 5th, 2010 | Commercial Real Estate Investing, Foreclosures, Pre-foreclosure, Real Estate Investing | No Comments
The collapse in commercial real estate is preventing Federal Reserve Chairman Ben S. Bernanke from declaring the economy and financial markets are healed.
Watchdog: Commercial Real Estate Mortgages Sinking Quickly
Wednesday, May 5th, 2010 | Commercial Real Estate Investing, Foreclosures, Real Estate Investing, Real estate short sales | No Comments
By the end of 2010, half of all commercial real estate mortgages in the United States could be “underwater,” according to the government’s Troubled Asset Relief Program watchdog.
Translation: Americans’ financial woes are far from over.
The commercial real estate bubble will grow so large that it will become a “serious problem” that will take at least three years to address, Elizabeth Warren, who chairs the congressional oversight pannel on TARP, told CNBC on Monday.
Nearly 3,000 “mid-sized” banks have what she called “dangerous concentrations” of sinking commercial mortgages: a situation that could result in roughly half the commercial property in the U.S. becoming worth more as debt than as real estate.
Here Comes the BIG One!
Wednesday, May 5th, 2010 | Commercial Real Estate Investing, Foreclosures, Pre-foreclosure, Real Estate Investing, Real estate short sales, Short Sales | No Comments
You think home mortgages are the end of the real estate problem! Think again. Because, here comes The Big One: commercial mortgages.
Your average big kitchen, 3 1/2 baths, 4 bedrooms, and an entertainment room with a big screen on the wall HOME pales next to a gigantic mall, an industrial/office park, skyscraper commercial building. Commercial real estate has too many vacancies; too many empty store fronts; too much dreary space. In a commercial office building, one person needs only a computer to do the job that multiple people needed more room to do. Technology and equipment replaced the person. Fewer people. Fewer people needed. Production with more efficient machinery requires fewer people. Charlie Chaplin in Modern Times, flat on his back with his little wrench in hand going down the conveyor belt, just doesn’t exist in today’s highly specialized, technologically advanced, precision production world. › Continue reading
The Most Important Chart for the Next 5 Years.
Tuesday, May 4th, 2010 | Commercial Real Estate Investing | No Comments
This is a Credit Suisse Chart of all of the mortgage resets starting with the Sub Prime mess in 2007. There are an estimated 19 million homes that are empty in the United States. An estimated 2/3 of all the homes foreclosed are not even on the market yet.The crazy thing is we have not even begun to clean up the Sub Prime mess and now three more waves of bad mortgages are just now starting to hit. The Option Arm, Alt-A and something that is not even on this scary chart is the Commercial Real Estate resets. 
The Commercial foreclosure market offers some unique opportunities to the savvy investors. To learn how you can position yourself to profit from this latest mortgage crisis, CLICK HERE.
CNBC: Commercial Real Estate Is Coming Back
Tuesday, May 4th, 2010 | Commercial Real Estate Investing | No Comments
Editor’s Note: Beware when the media tells you to come back into the water it is usually before the next big drop. Until the Jobs, Business, the Dollar, Bank Balance Sheets, Trade Deficit, Budget Deficit, Social Security and a whole host of other issues get resolved there could be a long way down yet to go in the Commercial Real Estate Market. To learn how to profit off of the next wave of defaults, Click Here.
The Next Wave: Commercial Real Estate
Tuesday, May 4th, 2010 | Commercial Real Estate Investing | No Comments
Here comes the next big thing, Commercial Real Estate Foreclosures.Here is a Federal Reserve chart on the rise in Commercial Foreclosures. To learn more about how to position yourself to profit off of this collapse CLICK HERE.
Fannie Mae Promotes Short Sales?
Friday, January 16th, 2009 | Uncategorized | 1 Comment
During the past month, we’ve heard of several ideas and seen several attempts to give some relief to distressed homeowners facing foreclosure. Here are a few: interest rates have been lowered, loan modifications are being proposed, foreclosure moratoriums have been suggested as has the use of bankruptcy courts to restructure loans.
The whole thing gives and appearance of a “back-lash” on my old bait casting fishing pole. A bait caster is really just a rod and a spool of fishing line (think of a spool of thread). I love using it because I can cast a heavy lure a long way out, but if I use too much muscle and get too ambitious, the force causes the spool to rotate faster than it can let out line . . . and I get a huge mess . . . one big knot that takes a long time to undo…
Check out this rest of this article by clicking here
The rest of the article even includes the new email address to use to submit your packages to Countrywide.
Talk to you Soon!
- Josh Cantwell
Short Sale Insider Series Tip #4
Thursday, October 30th, 2008 | Uncategorized | No Comments
I took this video about a week back and wanted to give you a little insight of some of the great things I have going on.
There is no real tip in this video directly related to real estate, but I just want to stress the point of how truly important it is to always be continuing your education and knowledge.
The people your surround yourself with and share knowledge with have such a huge impact on what you are capable of doing.
So, I just wanted to share this video with you that talks about what I have been up to and how important it is to always be learning new things and improving yourself as a person.
Hope you enjoy it and I will talk to you soon,
Josh Cantwell
The 700 Billion Dollar Man
Friday, September 26th, 2008 | Real Estate Investing | 2 Comments
By: Josh Cantwell
“the best way to predict the future is to invent it” Alan Kay (one of the fathers of “object oriented programming” which defined the conceptual basis for laptop computers and e-books)
I just posted a new article about the state of the economy and how it’s going to affect us, not just as taxpaying citizens, but also as real estate investors.
Check out my article below…
Click here to check out my latest article
I can’t believe how much has happened in just a week’s time. We went from being told that everything is under control to a 700 Billion Dollar bail out. Why wasn’t anything done sooner?
The government is hoping that this bail out will head off total financial ruin, but unfortunately there are no guarantees and we’ll just have to wait and see what happens.
Read more here…
Click here to check out my latest article
It seems to me that we have a long way to go. In the meantime, let’s hope that this bail out has the desired affect and puts us back on the right track.
Hey by the way, check out my short sale tip of the day below about deficiency judgements.
Also, check out a this quick video of my new baby girl Giuliana.
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