Multiple Levels of Seller Motivation

Tag: Freddie Mac

Multiple Levels of Seller Motivation

Believe it or not, there are multiple levels of motivated sellers. In other words, there are sellers who are more motivated to sell investment properties than others. Which also means there are other levels of sellers who aren’t as motivated, but are you hitting up all of them with your marketing? I set up a…  Continue Reading

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7 Free, Offline Ways to Find Killer Deals

As a serious, full-time real estate investor, you need to constantly have your feelers out for new methods to find good deals. I can almost guarantee that you won’t be able to find a sufficient amount of deals just by looking on Zillow.com and your local MLS. There are a ton of different ONLINE methods…  Continue Reading

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Finding, Launching And Selling Rehabs, Rentals and Real Estate Investment Properties Using 21 FREE ONLINE Acquisition Resources and the Property Launch Formula

Finding, Launching And Selling Rehabs, Rentals and Real Estate Investment Properties Using 21 FREE ONLINE Acquisition Resources and the Property Launch Formula

Are you getting into your real estate investing career and feeling a little stuck on where to find great properties to invest in? Does it seem like there isn’t really anything available in your market? That isn’t true and you just aren’t looking in the right places or looking at ENOUGH prospects. As my brother…  Continue Reading

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Find Real Estate Deals In 60 Seconds Using This Free Tool

Find Real Estate Deals In 60 Seconds Using This Free Tool

How would you like to be able to find juicy real estate deals in under 60 seconds? HomeSteps.com is a totally free website owned by Freddie Mac Homes that you can use to help find potential homes to buy and sell. These are homes listed directly from Freddie Mac when they are ready to go…  Continue Reading

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Want to Learn How to Make Serious Money Investing in Real Estate? – Strategic Real Estate Coach

Want to Learn How to Make Serious Money Investing in Real Estate? – Strategic Real Estate Coach

Discover a little-known method to make a killing investing in real estate – the answer might surprise you.       The way to make a lot of money investing in real estate is by imitating Donald Trump, right? Wrong. Buying and selling hotels on the strip, developing a few golf courses, and building shopping…  Continue Reading

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Freddie Mac & Fannie Mae Joining Forces

Freddie Mac and Fannie Mae are teaming up to form a new company that will focus on securitizing home loans. This is part of an effort to reduce the role that the government plays in the overall mortgage market. Together, Freddie and Fannie finance 2/3 of all new home loans in the US. According to…  Continue Reading

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New Freddie Mac Short Sale Guidelines Announced

As of Nov. 1, the new short sale guidelines announced by Freddie Mac went into effect. These guidelines now ensure that Freddie Mac and Fannie Mae have the same rules regarding short sales. There are three main things to be aware of in these guidelines that are designed to speed up the traditionally long, slow…  Continue Reading

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BofA Sued By US Over Mortgage Fraud

BofA Sued By US Over Mortgage Fraud

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…  Continue Reading

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County Prosecutor Sues Freddie Mac

 In northeast Ohio, the office of Cuyahoga county (which contains Cleveland) prosecutor Bill Mason is suing Freddie Mac and the Federal Housing Finance Agency for $1.1 million in unpaid real estate transfer taxes. This is one of eight identical suits filed across the country. Mason claims in court documents that, “Freddie Mac’s failure to pay the…  Continue Reading

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New GSE Short Sale Guidelines Begin Nov. 1

Beginning Nov. 1, the GSEs, Freddie Mac and Fannie Mae, will implement new short sale guidelines, designed to make the approval process easier for eligible borrowers. This is part of the Servicing Alignment Initiative that results in a decrease in documentation requirements. There are a number of additional changes included, all designed to ease the…  Continue Reading

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Government Considers Eminent Domain for Foreclosures

There is another great housing foreclosure debate raging in governments – this time over the issue of eminent domain. Some local governments are throwing around the idea of condemning mortgages through eminent domain. It would work like this – a town or county “would seek court approval to pay a ‘fair market’ value to a…  Continue Reading

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FHFA Keeps REO Pilot Program Moving Forward

In February, the Federal Housing Finance Agency started a pilot program to solicit bids from qualified investors to buy 2,500 single-family Fannie Mae foreclosed homes. The sale pools were offered in geographically concentrated areas around the country. Investors were thoroughly vetted in a rigorous evaluation process on several factors, including financial strength, asset management experience,…  Continue Reading

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Fixed Mortgage Rates Still Holding Steady & Low

Mortgage rates held steady once again, sitting at record lows. The 30-year fixed is at 3.66%), with the 15-year at 2.94% (both matching record lows previously set). These rates are helping keep home affordability in reach for many homebuyers or for those wanting to refinance.   Experts don’t expect rates to go up anytime soon,…  Continue Reading

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Streamlined Short Sales Coming Soon

As of a couple of months ago, short sales accounted for nearly 15% of all home sales in the country. That number continues to grow as homeowners see short sales as a viable alternative to foreclosure. While foreclosures still make up ¼ of all home sales, that figure is down from the previous two years….  Continue Reading

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Average Fixed Rates Continue to Drop

A couple of days ago, Freddie Mac released a survey that showed the 30-year fixed rate mortgage averaged 3.67%, a record low for the 6th consecutive week. This is down from nearly 4.5% one year ago. The 15-year fixed rate is down also, falling below 3%, while one year ago it was well over 3.5%….  Continue Reading

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Foreclosed But Back to Homeownership

Foreclosed But Back to Homeownership

More and more, Americans aren’t letting a foreclosure, bankruptcy or short sale prevent them from becoming homeowners again, and quickly. In year’s past, the only option seemed to be renting. But today, as rental prices are on the rise, they want to take advantage of low home prices. So where is the help coming from…  Continue Reading

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Which Lenders are the Fastest for Short Sales?

Which Lenders are the Fastest for Short Sales?

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…  Continue Reading

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Short Sale Timeline Requirements Set By GSEs

Short Sale Timeline Requirements Set By GSEs

This is big news for real estate investors, specifically anyone who does short sales. As of June 15, real estate agents working on short sale offers with loans backed by Freddie Mac or Fannie Mae should expect to receive a decision on the short sale within 15-30 days. This is part of the overall process…  Continue Reading

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FHFA Director Supports HAMP Principal Reductions

FHFA Director Supports HAMP Principal Reductions

Acting Director of the Federal Housing Finance Agency Edward DeMarco released preliminary findings from an FHFA analysis earlier this week, and stated, “principal reductions done under large incentive payments from the Treasury Department would save Fannie Mae and Freddie Mac enough money to begin an umbrella write-down program,” – up to $1.7 billion. Despite this,…  Continue Reading

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Incentive Payments to Mortgage Investors Could Triple

Incentive Payments to Mortgage Investors Could Triple

I just got this article from Jerry Kayser, my broker at Sharp Concepts Realty and one of my SREC coaches, and I had to pass it along to you – this is really big news! Right now, Freddie Mac and Fannie Mae own 3.3 million of the 11.1 million mortgages where borrowers own more than…  Continue Reading

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Loans are Bank-Friendly, Not Borrower-Friendly

Loans are Bank-Friendly, Not Borrower-Friendly

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…  Continue Reading

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3 Steps to Involve Private Investors, Squeeze Out Freddie, Fannie

3 Steps to Involve Private Investors, Squeeze Out Freddie, Fannie

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…  Continue Reading

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Betting Against Homeowners: Freddie Mac’s Latest Outrage

Betting Against Homeowners: Freddie Mac’s Latest Outrage

A report that was released recently is putting Freddie Mac in the spotlight again, and not in a good way. After reviewing public documents, NPR and ProPublica revealed that Freddie Mac has actually been betting against the homeowners they claim to be helping. “The investment division of Freddie Mac placed millions of dollars of bets…  Continue Reading

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Closing Costs on the Rise

Closing Costs on the Rise

Origination fees. Title fees. Appraisals. Title insurance. Survey charges. Even postage. All these fees add up to the total cost of homeownership for the potential buyer. While we know those additional costs are there, did you know they are on the rise? On average, the origination fees (underwriting, processing) from lenders have increased over 10%…  Continue Reading

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Freddie Mac’s Delinquencies Decline for Fourth Straight Month

Freddie Mac’s Delinquencies Decline for Fourth Straight Month

Officials at Freddie Mac have maintained that the new single-family business the company acquired in 2009 and 2010 “continues to demonstrate strong credit quality based on borrower credit scores and loan-to-value ratios.” The percentage of home loans going unpaid is steadily declining for the nation’s second largest mortgage company. Freddie Mac reported Tuesday that its…  Continue Reading

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It Pays To Be A Freddie, Fannie Exec

It Pays To Be A Freddie, Fannie Exec

Did you see the latest report on the salaries paid to the heads of Freddie Mac and Fannie Mae in 2009 and 2010? You’re not going to believe this one. “The heads of bailed-out mortgage finance giants Fannie Mae (FNMA.OB) and Freddie Mac (FMCC.OB) were paid fat salaries without proper written procedures or analysis, according…  Continue Reading

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Bad news for real estate investors! Diversify or die in 2011!

Bad news for real estate investors! Diversify or die in 2011!

So I’m sorry to be the bearer of bad news today but there’s some data I have in my hands that I must reveal to you. Read this carefully please. *Short Sale flips are tougher to do than ever. There simply aren’t enough people who can get bank loans to “cash you out” once you…  Continue Reading

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How to Have the Best Year Ever.  Your 2011 Money Plan.

How to Have the Best Year Ever. Your 2011 Money Plan.

Hey it’s Josh here. I hope you had a wonderful Christmas. I had a blast with my wife, kids and the family, really memorable experiences. We shared some awesome times, ate good food and opened a bunch of gifts. But with 2011 closing in fast, it is time to get back to business. During this…  Continue Reading

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Watch the Replay: Investors Coalition Election Analysis and Legislative Briefing Webinar

Watch the Replay: Investors Coalition Election Analysis and Legislative Briefing Webinar

Good Morning, Jeff Watson did it again. Last night’s webinar was historic. The updates on the election results and the impact on the lobbying efforts of the Investors Coalition he and John Grant shared were huge. It’s proof that the fight to get our voices as real estate investors heard is definitely paying off. We…  Continue Reading

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Webinar Starting Soon: Investors Coalition Election Analysis & Legislative Briefing

Webinar Starting Soon: Investors Coalition Election Analysis & Legislative Briefing

Josh here with a super important reminder. You don’t have much time left to join this very important Webinar that Jeff Watson is hosting TONIGHT at 8pm Eastern. Jeff is going to share the latest information and analysis on the recent 2010 election AND present a briefing on the latest lobbying efforts of the Investors…  Continue Reading

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Register for Tonight’s IMPORTANT GSE Reform Update

Register for Tonight’s IMPORTANT GSE Reform Update

Good Morning, Back in July, a calculation was made as to how to frame the issues that concern real estate investors today. We framed the industry as a free market solution to the housing crisis, an industry that can protect taxpayers from Fannie and Freddie, and an industry that was ready to establish a permanent…  Continue Reading

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IMPORTANT: Investors Coalition Election Analysis and Legislative Briefing

IMPORTANT: Investors Coalition Election Analysis and Legislative Briefing

Good Morning, A couple of months ago we shared some very important information with you about GSE Reform and the potential impact on all real estate investors. Jeff Watson let you know that he is working with a lobbyist to get our voice heard in Washington D.C. Well, our efforts are paying off and now…  Continue Reading

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Freddie CEO: Mortgage forbearance is preferable to foreclosure

Freddie CEO: Mortgage forbearance is preferable to foreclosure

CEO Charles E. Haldeman Jr. said that foreclosure is the least attractive option from a secondary markets perspective and considers forbearance a viable option to keeping seriously delinquent borrowers in their homes. A full transcript of that conversation is in the October issue of HousingWire magazine. Haldeman said that forbearance, as an option in loss…  Continue Reading

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Last Night’s Historic Update With Jeff Watson

Last Night’s Historic Update With Jeff Watson

Last night was HISTORIC. More than 700 people last night logged on to hear mission critical GSE reform updates from Jeff Watson and John Grant. If you weren’t on the webinar, you missed out on important industry updates that direct impact you as a real estate investor (and as a homeowner). Because of the importance…  Continue Reading

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Fannie and Freddie Reform (This impacts you)

Fannie and Freddie Reform (This impacts you)

Freddie Mac and Fannie Mae reform is inevitable. Together they have amassed trillions of dollars of assets, and billions of dollars of liability. The question is what is going to happen, and who is going to get what? How we buy and sell real estate in America will change forever. This just doesn’t impact real…  Continue Reading

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Urgent Industry Update

Urgent Industry Update

My Partner Jeff Watson, and real estate investing industry advocate John Grant are holding an urgent industry update call this Thursday night at 8:30pm Eastern, 5:30pm Pacific. Their mission: to make you aware of and education you on the latest information regarding Fannie Mae and Freddie Mac and help establish a voice for real estate…  Continue Reading

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From Closed Door Washington Meetings

From Closed Door Washington Meetings

At this very moment there are closed door meetings in Washington D.C. that will determine not only your fate as a real estate investor, but the future of the American Dream of homeownership. Real estate as we know it will change forever. (I don’t say this lightly.) Fortunately, we have advocates fighting for our voice….  Continue Reading

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Happy Labor Day & Important News To Share

Happy Labor Day & Important News To Share

Good morning, Before I get my day going, I wanted to take a minute and wish you a Happy Labor Day. For me, this weekend is all about family and friends – perfect in my book. Saturday morning I went out to breakfast with my family to celebrate my wife’s birthday and we had a…  Continue Reading

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What’s the Real Number of Homes in Shadow Inventory?

What’s the Real Number of Homes in Shadow Inventory?

The housing market’s shadow inventory continues to be the real unknown, and the real threat to recovery. It’s a scary thing, and helps paint the true picture of what is going on with real estate. Listen to this. The government doesn’t report on how many homes are held by the banks on their books or…  Continue Reading

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“Buy and Bail” Homeowners Get Around Loan Restrictions

“Buy and Bail” Homeowners Get Around Loan Restrictions

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…  Continue Reading

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Housing Summit May Yield Fannie and Freddie Clues

Housing Summit May Yield Fannie and Freddie Clues

This is something to keep you eyes on… ~ josh An Obama administration summit of housing industry leaders next week may yield clues on the future of Fannie Mae and Freddie Mac , the two mortgage heavyweights that so far have sucked up close to $150 billion in taxpayer bailout funds. The administration has vowed…  Continue Reading

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Treasury Announces Who’s On the Guest List

Treasury Announces Who’s On the Guest List

Next week’s housing finance forum is sure to be closely watched, and surely the model for home financing will change. Of course, Freddie Mac and Fannie Mae will be the center of attention during the conference. The goal behind the conference is to gather input from industry stakeholders that will guide the Administration’s decisions in…  Continue Reading

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Freddie Mac Looking for $1.8B More in Aid

Freddie Mac Looking for $1.8B More in Aid

Freddie Mac is asking the government for an additional $1.8 billion in aid following another big loss in the second quarter of the year. From April to June, Freddie reported a loss of $1.3 billion, up from $840 million at the same time last year. Freddie is losing money from bad loans it backed, many…  Continue Reading

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Hear the Latest Updates from Watson Aug. 12!

Hear the Latest Updates from Watson Aug. 12!

The world of short sales is changing yet again. It is occurring in a behind-the-scenes way that most investors won’t realize until months from now, and by then it is too late. That’s why it’s imperative that you plan on attending Jeff Watson’s foreclosure investor update Webinar on Thursday Aug. 12 at 7:00pm EDT. Register…  Continue Reading

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Watson Foreclosure Investor Update Webinar Thursday

Watson Foreclosure Investor Update Webinar Thursday

There has been so much going on in the world of real estate investing and government regulations that Jeff Watson felt compelled to host a Webinar on Thursday Aug. 12 at 7:00pm EDT. You know Watson’s Webinars fill up fast, so register to reserve your spot now. Jeff will cover four main topics in this…  Continue Reading

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Why Hasn’t the Housing Market Recovered?

Why Hasn’t the Housing Market Recovered?

Weekly Real Estate Kick-Off for August 2, 2010 Follow me on Facebook and on Twitter! August 2, 2010 – This Week’s Topics: Reasons Why The Housing Market Hasn’t Recovered Sidelined Sellers Impacting the Housing Recovery Treasury to Hold Conference on Fannie, Freddie Future Foreclosures Rising in Most Metro Areas Declaring Bankruptcy to Prevent Foreclosure Fannie’s…  Continue Reading

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Listen to the Watson Freddie Mac Webinar!

Listen to the Watson Freddie Mac Webinar!

In case you missed Tuesday’s webinar with Jeff Watson, or want to listen to it again, now’s your chance! Hear Jeff and Josh’s thoughts on the recent Freddie Mac newsletter that caused a stir in the real estate investing community! Simply click on the image below.

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The Webinar is Loaded!

The Webinar is Loaded!

There are so many people on this call that even Jeff Watson keeps getting pushed off the call! Dial in again if you cannot hear him! Jeff is methodically picking a part the Freddie Mac Bulletin. That is why he is America’s Top Short Sale Lawyer. Today’s call is being recorded and will be posted…  Continue Reading

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Get On The Webinar Early!

Get On The Webinar Early!

We have close to 2,000 people registered for the SREC vs. Freddie Mac webinar at 1PM. Unfortunately Go to Webinar can only handle 1,000 at a time. So dial into the call early to ensure your spot. Also if you are working with people in your business, there is still time for them to register…  Continue Reading

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Does Freddie Mac Have Schizophrenia? Find Out Today at 1pm

Does Freddie Mac Have Schizophrenia? Find Out Today at 1pm

Just a reminder about our URGENT LEGAL TRAINING WEBINAR THIS AFTERNOON, TUESDAY, APRIL 20 at 1:00pm EDT with me, Josh Cantwell and America’s Top Short Sale Lawyer, Jeff Watson. I urge each of you to attend and register for the call here, because you need to know this information for the success of your short…  Continue Reading

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Emergency Webinar Tuesday at 1pm

Emergency Webinar Tuesday at 1pm

Good Morning, Jeff Watson and Josh Cantwell here with an EMERGENCY UPDATE. In light on information that was released on Friday by Freddie Mac, Jeff put the brakes on his schedule to arrange an URGENT TRAINING WEBINAR tomorrow, TUESDAY, APRIL 20 at 1:00pm EDT. Click here to register for this important call. Here’s what’s going…  Continue Reading

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