Bank of America is offering big incentives for short sales – as in, up to $30,000. The company announced last week that they would offer relocation assistance to those who initiate a short sale by the end of 2012, and close by Sept. 26, 2013. Sellers have to also work cooperatively and proactively with BOA […]
For the first time since 2007, foreclosure filings were at their lowest for a month in April 2012. This includes default notices, auctions and bank repossessions. Any increases in foreclosure activity were masked by the decline in the three large, hardest hit states of California, Nevada and Arizona. They were more efficient in processing their […]
Mortgage delinquencies have hit their lowest point in 4 years, according to the Mortgage Bankers Association, down from 7.58% to 7.4%. This includes mortgage payments that are at least one payment behind, but does not include loans already somewhere in the foreclosure process. The peak number was over 10%, during the height of the housing […]
Taxpayers are getting a little breather as Fannie Mae turned a profit at $3.1 billion, passing the $2.8 billion required Treasury payment. This is the first time since going into conservatorship in 2008 that the GSE hasn’t required a draw. Fannie’s CFO, Susan McFarland, is anticipating continued strong performance results. "Our credit performance is headed […]
The latest numbers from Zillow’s Rent Index are out, and rentals are up across the country. The rent index rose 2% in February 2012 over 2011, while the Home Value Index fell by nearly 5%. In February, foreclosure sales accounted for 20% of all home sales. “The rental market remains especially strong in areas that […]
According to a recent report released by Trepp, there are more than 200 banks earmarked for likely failure in 2012. Three have already failed. Georgia has the largest concentration of those identified (41), followed by Florida (32), Illinois (24), and Minnesota (12). The stats represent a slowdown from this same time last year, with 22 […]
RealtyTrac recently put together a list outlining which lenders/servicers move through the short sale process the fastest and the cheapest. The frontrunners? Freddie Mac, Fannie Mae and FHA have the shortest timelines with 193 days, followed by Ally Financial at 321 days and PNC Financial at 353 days. The short sale timeline being used as […]
Short sales are on the rise. Compared to a year ago, the number of short sales being done increased 33%, according to RealtyTrac. In fact, short sales beat out REO sales in 12 states. In all, 32 states saw an increase in pre-foreclosure sales, typically short sales. There are also signs that lenders are more […]
Spring is officially here, and that signals an awakening of all sorts, including the housing market. The numbers indicate an upswing not just due to the season, but compared to the slump of the previous few years. Housing starts are up 19% over the past year. Not only that, but they are up 34% in […]
This is a sort of continuation of the article I shared with you last week indicating good news about short sales for real estate investors. The government has reached a $25 billion settlement with the five biggest mortgagers over robo-signing practices. This move is expected to increase the amount of completed short sales. With this […]
There are certain characteristics or traits that every successful real estate investor looks for in an area before buying a home, whether to rehab, retail or wholesale. Knowing these five things can make a significant difference in the success of your exit strategy and in turn, impact on your profits. These are all things that […]
Last week, CoreLogic reported that the number of homes currently in the shadow inventory is roughly half the number of those currently in the visible inventory. On top of that, about half the shadow inventory has not made it into the foreclosure cycle yet. Altogether, the total shadow inventory includes 400,000 REOs, 410,000 already in […]
This is good news for anyone who is looking to get into the rental property business. Zillow recently released their Zillow Rent Index which examines the home rental markets around the country. Despite falling home values, the median rent rate increased 3% from January 2011 to January 2012. That 3% number is much higher in […]
Recently, CoreLogic released their annual National Foreclosure Report. Corelogic is a leader in providing financial, real estate and consumer data used by top industry experts. In this report, they provide information on foreclosures by month, total foreclosure inventory and delinquency rates. Their findings include the five states with the highest foreclosure rates. The leaders are […]
This is good news for real estate investors. Last month, three Senators (Murkowski, Scott Brown and Sherrod Brown) together proposed a bill called the “Prompt Notification of Short Sale Act,” which, in essence, is designed to speed up the short sale process. It would require “a written response from a lender no later than 75 […]
Last week, Bank of America announced that they were reducing the amount owed for 200,000 underwater homeowners. This is huge for the homeowners, because it means a chance to eliminate the underwater portion of their mortgages. The anticipated average reduction is $100,000. Homeowners are eligible for the reduction if they were at least 60 days […]
According to the analytics firm, Capital Management, the housing crisis will actually end this year, thanks to looser credit standards and availability for borrowers. Borrowers are required to have a credit score of 700 or higher to obtain a mortgage loan. This is consistent with numbers from a year ago. In addition, banks are “lending […]
Even though there are signs of hope in the economic recovery, the housing market still has a long way to go. Of the 55 million mortgage holders in the US, industry experts predict that as many as 10 million will default by 2018. While there have been some attempts by the government to reduce the […]
Attention private real estate investors: The FHFA recently released a 3-step plan to lessen the role of Freddie Mac and Fannie Mae in the mortgage industry and shift it to private investors. Since 2008, when Freddie and Fannie were placed in conservatorship by the US Treasury, they have received more than $180 billion in taxpayer […]
2012 is going to be HUGE. Up to 9 million homes may enter foreclosure in 2012 period, versus one million in a typical year. This will send shock-waves through the stock markets and world economy. It may well be the "dark ages" for homeowners and lenders alike...and the wave of mortgage re-sets will continue in […]
Earlier this week I told you about this amazing eBook I put together about Sales Mastery for Real Estate Investors. Did you download your free copy yet? If not, you can still get it here. There is more that I want to share with you (after all, it is the season of giving!). Today, I […]
We've all heard the saying, "There's an App for that" by now. In fact, I bet you can't go a day or even an hour while awake and not hear something about an iPhone or Android or an App for this or an App for that. It probably wouldn't surprise you to hear that it […]
There are many challenges that investors face when it comes to investing. It's easy to find deals but it's been hard to get them sold. Here are just a few of the challenges: The market is over crowded Everyone is using the same tactics Marketing methods are less effective Email is often considered spam Google's […]
I talked to Cody, The Reverse Short Sale Expert and I told him after getting so much interest in his concept we had to do a webinar training class to reveal this in greater detail, answer questions and show investors just how dynamic this will be. Join us this Tuesday, November 1st, 2011. Register for […]
Those of you that know me know I love working smarter, not harder. I am happy to say that thanks to my friend Cody my life just got a little easier. 🙂 I call my buddy Cody the 'Clever Investor'. Seriously, the guy is as sharp as a tack. He recently discovered a brand new […]
Do you have enough private money lined up? How much is enough? Well, I recommend a new investor have at least $500,000 and a seasoned investor have at least $2 million. This will give you all the money you need to get every deal you want and you'll never miss out on an opportunity. I […]
I just heard from my friend that the spots for this are almost gone and he plans on shutting down real soon. He was looking for 200 users and has 159 so far. There's 41 spots left and that's going bye bye pretty soon. Watch this video now and see how you can submit deals […]
Click Here to register for Thursday, Oct. 6th, 12pm EST (9am PST) Click Here to register for Thursday, Oct. 6th, 9pm EST (6pm PST) Click Here to register for Saturday , Oct. 8th, 1pm EST (10am PST) Click Here to register for Sunday, Oct. 9th, 1pm EST (10am PST) How would you like to learn […]
Today's the day you've been waiting for. The feedback we've been getting in my office about the Money Matrix has been INSANE. It's obvious a lot of people need this platform to be successful in today's market. Watch this video now and get access. (Nate told me yesterday only 200 spots will be allowed in […]
Click here if you need funding or buyers for your rehab
The team and I at Strategic Real Estate Coach have been keeping a secret from you for a very long time. I'm sorry, but I had to finally get this off my chest. We have discovered (and used effectively for over 18 months now) what's arguably the MOST effective way for quick-turning short sales for […]
Hey, I need to be short today because I'm working with John and Jerry to polish things up for Thursday's webinars. Register for the 12pm EST/9am PST webinar here. Register for the 9pm EST/6pm PST webinar here. I thought the most powerful way for me to prove to you that you NEED to be on […]
Welcome back from Labor Day Weekend! Monday was one of the best days I can remember. I played 18 holes with 2 of my closest friends, had lunch with my wife and kids, sang to my new baby boy Dominic (my girls call him Dominoooch!), worked out like a champ, jumped in my hot tub, […]
It wasn’t long ago that real estate was the way to make money. But, is that still true? Things are by no means back to the “old ways” but if you look around, you will see that the tide is changing. Money can be made in real estate investing. Strategic Real Estate Coach presents this […]
Buying and rehabbing foreclosed properties can be a profitable and rewarding experience. Investing in real estate, however, is not for the faint of heart—it takes a lot of strength and determination. Successful investors have 10 traits in common that enable them to make money in real estate. You, too, can be a winner in real […]
For the second year in a row, residential housing construction failed to contribute to growth in the US. The demand for building permits fell, new home construction starts are down, and the foreclosure pipeline is as full as ever. As a result, banks are keeping a tight fist on mortgage lending standards. There are four […]
It seems like demand for housing has just run out in some housing markets. While 18 of the top 20 housing markets have begun to improve, other places like Boston and Washington are holding steady. Foreclosures are high. We’re still trying to recover from the robo-signing scandal. More houses are on the brink of hitting […]
The other day I sent you an email letting the "cat out of the bag". Well today is the day. I want to give you 6 of my most powerful training programs for just $1. Check out the details in this video I recorded for you. http://www.srecdmc.com Is there a "catch"? Yep..... there's a catch. […]
Last night I held a special presentation covering my proven strategies for you to capture the massive opportunity in 2011. I've gotten so much positive feedback, there were over 3,400 people who watched the video, that I've decided to post the video online for you to watch right now. Watch the video now: http://instantcashinfusion.com Here […]
Hello Friends, Just a quick heads up to clear your calendar for tonight’s important webinar on… “How to earn $500-$20,000 (whenever you need it) using my Instant Cash Infusion Strategies.” The webinar starts tonight (7/21/2011) at 9pm Eastern / 6pm Pacific, you can register and join us here: www.instantcashinfusion.com NOTE: Make sure to refresh you […]
Tick... Tick... Tick... Just wanted you to know that... the clock is now your enemy. Because my Online Acceleration Course, “4 Instant Cash Infusion Strategies to Unstoppable Income starts in 24 hours and YOU are not registered yet. CLICK HERE to register it before it’s gone. When you register you’ll also get my “ICI Manifesto: […]
Today I thought you'd like to see 11 BRAND NEW - never before released - ways my "Instant Cash Infusion" program will help you smile again when you look at your bank account. If you haven't already gone through all the FREE videos, audios, and marketing strategies I've released over the past 2 weeks, you'll […]
Last night I was lying in bed reading an article that blew me away... It's called "Prime Mortgage Borrowers: Then vs. Now", and it It was comparing the prime borrower in 2007 to the prime borrower in RIGHT NOW in 2011" Check out how ridiculously easy it was to qualify for prime only 3 1/2 […]
Some deny there is a delay. Another blames state laws governing foreclosure. Yet another blames regulatory and investor expectations. Another declined to comment. It seems that there is no agreement about why there seems to be a delay in foreclosure proceedings. With two million active cases of foreclosures and another two million to come, lenders […]
I just got off the phone yesterday with a local realtor who is a BIG HITTER in my area. His name is Pete. Pete told me he and his realtor buddies have 28 listings and "NOTHING IS SELLING". NOTHING. CAN'T EVEN GET A SHOWING. I told Pete EVERYTHING I have is selling. EVERYTHING. "Pete" I […]
As anyone in the real estate game knows, when Robert Shiller, co-creator of the Standard & Poors/Case-Shiller Home Price Indices speaks, we listen. But what he said recently perhaps spoke loudest. He predicted that we could see home prices fall another 25%. Ok, that certainly is not good news, but what is a little more […]
Today’s economic climate is resulting in a boom of some sort in the housing market – a boom in renting. Some cities are predicted to see a 25% increase in rental growth in the coming few years. According to John Burns of John Burns Real Estate Consulting, there are 3.4 million units of pent up […]
