Here’s the scoop – you subscribe and listen to our podcasts, like what you hear and then leave us a 5 star review on iTunes. Once you’ve left the review, please e-mail a screen shot of your review to support@srecnow.com. You have until Saturday, August 8, 2015 to enter. We will randomly choose one of the submitted […]
Interview with Justin Colby of the Science of Flipping Podcast Recently I was able to catch up with a special guest Justin Colby, Co-Founder and President of The Science of Flipping, Omni Investment Group and Phoenix Wealth Builders on my latest episode of Strategic Real Estate Investing Radio. Omni and Phoenix Wealth Builders are both […]
Brian and Paul are joined for this episode by Peggy Palms, one of the top real estate attorneys in the country, author and real estate coach. Peggy touches on the topics of people practicing law without a license as well as short sale fraud. Peggy’s latest passion, WomenInvestorsNetwork.org, which aims to educate women on […]
This one is hot off the presses, and we’ll be learning more as the days come. On Wednesday it was announced that, in a civil mortgage fraud lawsuit, the US is accusing Bank of America of “selling thousands of toxic home loans to Freddie Mac and Fannie Mae that went into default and caused more […]
At the start of this year, the number of short sales has outpaced the number of REO sales in 12 states. Short sales are increasingly popular with investors as a way to maximize returns from foreclosure sales. Along with the increase in short sales comes an increase in “suspicious mortgage activity reports.” These reports don’t […]
Jon Stewart's take on the housing crisis from last night's show is probably the most insight reporting I've seen to date about the recent revelations that banks hadn't been "reading the fine print." ~josh See The Daily Show
At SREC we’ve often discussed the troubled public perception of using land trusts as a vehicle to successfully complete short sale back-to-back transactions. Of course, there’s a legal way to use this tool, which we describe in our Dovetail program. The following article references yet another pair of scalawags using land trusts to rip people […]
The troubled housing market is bringing out all sorts of scam artists – people looking to make a quick buck, at the expense of others. Despite tightened lending standards and a greater focus on fraud, the chances of fraud occurring in new mortgages is very high. Interthinx, a California-based company that provides risk mitigation and […]
Wow, we still have a long way to go before this whole housing crisis is striaghtened out. Homeowners are getting desparate, and getting more creative in how they deal with their underwater homes... Even after Freddie Mac and Fannie Mae increased their standards against mortgage fraud, a practice known as “buy and bail” is taking […]
By Jan. 1, 2011, mortgage brokers in all 50 states will be required to pass criminal background and credit checks, and a licensing exam. The move is an attempt to curb the fraud and abuse that triggered rampant lending to people who couldn’t afford to pay their loans, or never intended to in the first […]
From My Budget 360: Some like to think that the middle class has always been a fixture of American society. In fact, the rise of a steady and strong middle class didn’t happen until after World War II. Clearly people can’t look at the economically painful Great Depression, which rampaged the nation from 1929 to […]
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 […]
Good afternoon. Hope you had a great weekend. I am sure you heard by now but Jeff Watson turned the real estate investing world on it’s ear with the release of his last special report “The Death Of The Land Trust” a little while back. Now he’s at it again. Go to his new blog […]
Join me and Jeff Watson on a live training class and Q&A call TONIGHT! The webinar is Thursday, July 16th at 8pm EST, 5pm PST. Register now… Click Here to Register We just announced this call yesterday and our lines are next to full. If you want to get on this LIVE training call I […]
Recently a SREC coaching student sought help from Jeff Watson on a “next-to-dead” short sale deal the student was working. Just last week that student cashed in $157K in PROFIT from that almost “dead” deal. Yes, there’s a reason Jeff is highly regarded as America’s Top Short Sale Lawyer. Tomorrow night I’d like you to […]
In addition to providing adequate disclosure to all of the other involved parties to a back to back short sale transaction the short sale investor needs to take other steps in order to avoid committing fraud or avoid the appearance of committing fraud. One of those key things is for the short sale investor to […]
