$65,000 In-Pocket, in One Month

Tag: HUD

$65,000 In-Pocket, in One Month

$65,000 In-Pocket, in One Month

A few weeks ago I received this email from one of our coaching students, Zach Kennedy from Virginia. Zach has been having tremendous success in his real estate investing business, and it’s always great to hear his latest status report. You might remember hearing about Zach back at the beginning of this year – on…  Continue Reading

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A Complete Short Sale Package is Essential for Deal Success

A Complete Short Sale Package is Essential for Deal Success

As a real estate investor that handles short sales, you know that there are a lot of details that need attention in order to successfully close a deal. There are many steps in the process, and to do it right, you have to make sure you follow each step. This is important because you’re working…  Continue Reading

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Confessions of a Mortgage Broker

Confessions of a Mortgage Broker

From: JoeConsumer.com – Written By: Helen Kaiao Chang Here’s what you need to know about how mortgage brokers really work: “When I have a client I really don’t like — he’s a pain in the *** — that’s when I charge as much as I can get out of them,” says Jack, a mortgage broker based…  Continue Reading

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Banks Prey on Distressed Homeowners

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…  Continue Reading

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The long and short of short-selling homes

By Sean Sposito/The Star-Ledger February 17, 2010, 6:00AM ED MURRAY/THE STAR-LEDGER Goldie Sommer, a real estate attorney who has overseen more than 250 short-sale deals in the past two years, does research at her office in Fairfield. Record high unemployment has put some borrowers in jeopardy of losing their homes. They are considering refinancing, home…  Continue Reading

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Are some elements of short sales bringing you down?

Are some elements of short sales bringing you down?

Are some elements of short sales bringing you down? Are you tired of paying transfer taxes on your A to B sale? Are you tired of not being able to sell to FHA buyers? Are you tired of additional liens attaching to the real property? Do you wish there was an easier way? Well, let…  Continue Reading

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BofA First and Second and prelim HUD

BofA First and Second and prelim HUD

Take a look at our forum on the subject of “B of A First and Second and prelim HUD” Click Here

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Join our Membership Site!

This is the Short Sale Success University! by Strategic Real Estate Coach The choice for real estate investors serious about their SUCCESS. Silver Membership and the $4,987 of training materials are FREE Click on the button below to register now! JOIN a community of real estate investors that represent the best thinking in the industry….  Continue Reading

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FUND EACH TRANSACTION SEPARATELY

FUND EACH TRANSACTION SEPARATELY

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…  Continue Reading

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SREC Dices Up Vegas

SREC Dices Up Vegas

Finally back to work today and it seems like I have been away from the office forever.  Took off for Vegas last Saturday leaving my wife and baby girl home for over 6 days. I was not happy about it. Neither were they. But taking on the challenge of changing people’s lives is important work….  Continue Reading

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2nd Mortgages: Pesky or Painless

2nd Mortgages: Pesky or Painless

By: Josh Cantwell Why is it that negotiating with mortgage companies can cause us to want to pull our hair out, yet when we find a deal that has 2 mortgages, we are ecstatic? Weird, right? On the surface, it seems insane that we would be excited to have to negotiate with 2 mortgage companies…  Continue Reading

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HUD1 Training With Josh Cantwell

HUD1 Training With Josh Cantwell

By Josh Cantwell: Happy Friday! Check out this HUD1 training session that I did. I’ll take you through all the fields found on the HUD and how to correctly fill them out. I’ll also talk about how HUD1’s are used in short sales and real estate investing. Please leave any comments or questions that you…  Continue Reading

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