3 Ways To Fund Your HUD Home Purchases

Tag: lenders

3 Ways To Fund Your HUD Home Purchases

Lately I’ve been telling you about some incredibly easy yet profitable ways to purchase HUD homes for pennies on the dollar. This is a tool that every smart real estate investor should have in their arsenal because it’s a great way to generate consistent profits – there is no shortage of HUD homes to purchase….  Continue Reading

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What Private Lenders Want to Know

I’ve said it over and over… in order to be a successful real estate investor and build the business you’ve always dreamed of, you need to have access to private money. Sure you can do some quick wholesale deals with no cash of your own and make a small profit, but in order to go…  Continue Reading

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“Know Before You Owe” Proposed

The Consumer Financial Protection Bureau this week unveiled its proposed “Know Before You Owe” form. This short, simple 3-page form will summarize the costs and risks of a loan in three pages. It is designed to make it easier to shop for a mortgage and help avoid costly mistakes. If approved, this form would replace…  Continue Reading

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3 Most Common Questions From Private Lenders

When you’re meeting with prospective private lenders, they will have questions – they want the reassurance that their money is going to be safe. If you’ve done your job, you’ve already educated them about the benefits of investing with you in real estate as opposed to putting their money in stocks, bonds, annuities or CDs….  Continue Reading

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9 Successful Short Sale Exit Strategies

9 Successful Short Sale Exit Strategies

There’s been a lot of attention in the news over the last year+ about short sales and how they are nearly impossible to do anymore. Well, I’m here to tell you that in my business, short sales are thriving. Short sales always have been, and continue to be, an integral part of my investing strategy….  Continue Reading

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Lease Options Bring Quick Profits By Matching Buyers & Sellers

Lease Options Bring Quick Profits By Matching Buyers & Sellers

Educated, savvy real estate investors have the upper hand in today’s marketplace. Why? Because today’s housing market and economy are still a total mess, but the result is a wealth of opportunity, if you know where to look and how to look. Unfortunately too many investors don’t know where to even begin. They’re using systems…  Continue Reading

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Military Gets House Support on Foreclosure Protection

Military Gets House Support on Foreclosure Protection

The House of Representatives voted overwhelmingly to approve broader foreclosure protection for military servicemembers in an amendment to a military spending bill. The amendment will extend a stay against foreclosure from nine months to 12 under the Servicemembers Civil Relief Act (SCRA). The proposed expanded SCRA would encompass disabled vets, spouses of fallen servicemembers and…  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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”I’ll Take a Case of Water, A Flat-Screen TV and a Mortgage”

”I’ll Take a Case of Water, A Flat-Screen TV and a Mortgage”

Wholesale clubs truly are becoming one-stop shops for everything you need… giant boxes of cereal, lawn furniture, bulk toiletries, and now… mortgages. After testing for a year, Costco is launching a full-service mortgage lending program on its website, in conjunction with First Choice Bank and 10-other lenders. To date, the lending partners have issued over…  Continue Reading

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2012 Could Be a Record Year for Short Sales

2012 Could Be a Record Year for Short Sales

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…  Continue Reading

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Web Based Tool Helps Commercial Real Estate Lenders

Web Based Tool Helps Commercial Real Estate Lenders

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Bad news for real estate investors –  Buyers can’t get loans.

Bad news for real estate investors – Buyers can’t get loans.

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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The Economy Needs More Buyers and Borrowers

2011 was a bad year for home prices. As a matter of fact, it was the worst ever. As a real estate investor looking for bargain properties that can be scooped up, fixed, and either sold or rented – that has to music to your ears. There’s only one problem: Mortgage bankers have gotten a…  Continue Reading

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Even You Won’t Be Able To Qualify for a Mortgage Any Time Soon

Even You Won’t Be Able To Qualify for a Mortgage Any Time Soon

The other night I was lying in bed reading an article that blew me away… It’s called “Prime Mortgage Borrowers: Then vs. Now.” It was comparing the prime borrower in 2007 to the prime borrower RIGHT NOW. Check out how ridiculously easy it was to qualify for prime only a few years ago… In 2007…  Continue Reading

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Don’t avoid the 900% increase in foreclosure activity in 2012

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…  Continue Reading

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The True Cost Of Private Money For Real Estate Deals

The True Cost Of Private Money For Real Estate Deals

Let’s discuss the True COST to YOU if you choose not to have access to private lenders and the money they have available for you to close your real estate transactions. If you’re brand new to real estate, it will cost you your confidence because you will likely be too scared to make your first…  Continue Reading

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You Two Deserve Each Other [Video]

You Two Deserve Each Other [Video]

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…  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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Even you won’t be able qualify for a mortgage any time soon

Even you won’t be able qualify for a mortgage any time soon

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…  Continue Reading

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Foreclosure Backlog Means a Reprieve for Millions

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…  Continue Reading

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Nearly 27% of Mortgages Rejected Nationwide

Across the country, banks are hindering the housing market recovery due to their cautious lending practices. This has resulted in an increase in the amount of mortgage loans being rejected by these largest banks. The 10 largest lenders together have denied nearly 27% of all mortgage applications. Where they once were free and loose with…  Continue Reading

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Be The Bank

Be The Bank

It’s no secret that the banks are in trouble. They’ve got too many bad loans on their books, but they’re not going to ask you or me for help. I’ve been investing in short sales for 7 years and I’ve been teaching you to do the same since 2007. When you buy a short sale…  Continue Reading

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Top 5 Keys to Understanding Private Lending

Private lending is the absolute key to unlocking the door to successfully completing real estate deals. Why would you want to use a private lender? You are able to get money from individuals more easily, more cheaply and on better terms than you can from institutions. In real estate, where you may only need short-term…  Continue Reading

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FICO Profiles the Strategic Defaulter

FICO Profiles the Strategic Defaulter

The credit assessment firm FICO says it’s developed a method, using consumer behavior analytics, that will allow lenders to identify borrowers who are a risk for strategic default. As home prices began heading further and further south, the term “strategic default” made its way into industry jargon…and into the minds of lending and servicing professionals…  Continue Reading

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You Missed It. 2nd Chance

You Missed It. 2nd Chance

I’m walking out the door to meet up with my broker and two private lenders / partners for coffee and to see some properties. I wanted to dispel a rumor real quick before I go. Some say you can’t make BIG money quick turning short sales with back to back closings anymore. Despite what you…  Continue Reading

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Foreclosure Activity Hits 3-Year Low

Foreclosure Activity Hits 3-Year Low

Does this update signal a shift? New data from RealtyTrac shows that foreclosure filings nationwide dropped 14 percent between January and February, as overall activity last month sunk to its lowest level since February of 2008.  RealtyTrac says total foreclosure filings – including default notices, scheduled auctions, and bank repossessions – were reported on 225,101…  Continue Reading

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36 *active* private lenders in 27 minutes (how he found them)

36 *active* private lenders in 27 minutes (how he found them)

Last week I told you about how important using private money lenders is to your real estate investing business. It’s incredibly easy to find private lenders in your area, and when you watch this video you’ll see proof! This guy found 36 active private lenders with over $1.2mm in *available funds* in under 27 minutes…  Continue Reading

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Last Chance

Last Chance

Quick reminder. This is your last chance to listen in on the awesome training with my good friend and student, Jason “The Money Man” Medley. Click here to register for Tonight’s webinar at 8:30 pm EST. As his nickname suggests he’s an expert at raising money for deals. On the training call he’ll show you…  Continue Reading

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In case you missed this…

In case you missed this…

Don’t forget that the first replay of Thursday night’s call is today. My good friend and student “The Money Man” revealed how to tap into an endless flood of money for your deals using private lenders in your local area. I’m holding TWO encore presentations. Click here to register for the first webinar this afternoon…  Continue Reading

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Why You Aren’t Getting The Best Deals

Why You Aren’t Getting The Best Deals

Last night’s call was incredible. The “money man” rocked the house! He’s an expert at raising money for deals and on the call he revealed a simple way to access all the money you’ll ever need for real estate deals. If you ever wondered why you “missed out” on the best deals… it’s because you…  Continue Reading

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Endless money source for REI deals in your own back yard

Endless money source for REI deals in your own back yard

On tonight’s webinar training my good friend and SREC Master’s Elite student, Jason (nicknamed the “Money Man”) will show you how to tap into a practically endless stream of funding for all of your deals. You’ll discover a fast, safe, and easy way to get CASH to close deals quickly working with private money lenders….  Continue Reading

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How to get the best deals with instant funding (no qualify)

How to get the best deals with instant funding (no qualify)

You may have noticed an interesting shift in real estate over the last few months. Yes, deals are still there… and yes, it’s totally a buyer’s market… BUT… All the BEST deals (with the largest profits) seem to be getting snatched up faster and faster. You see the savvy investors know … How to find…  Continue Reading

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Where To Invest Your Time And Capital In Today’s Marketplace

Where To Invest Your Time And Capital In Today’s Marketplace

I’m in Austin, TX for a high level mastermind with my peers and colleagues sharing ideas, dissecting business challenges, and creating new opportunities for growth. I’ve invested tens of thousands of dollars and a couple days of my time every few of months to meet with this particular group. (I’ve invested MUCH more on other…  Continue Reading

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The worst housing collapse in U.S. history….

The worst housing collapse in U.S. history….

Hi Gang, This is for all your real estate buddies that think the housing market is coming back soon. Approximately 11 percent of all homes in the United States are currently standing empty. The rate of home ownership in the United States has dropped like a rock. At this point it has fallen all the…  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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4 bullet proof, instant cash strategies that do not require any bank financing

4 bullet proof, instant cash strategies that do not require any bank financing

Hey, It’s Josh. I sent you an email the other day of how to profit next year with my 4 “Silver Bullet Investing Strategies” for 2011. The best part about this is that the entire money making process doesn’t require any banks. No loans for you. No loans for the buyer’s. No loans for the…  Continue Reading

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GMAC Halts Foreclosures in 23 States for Review

GMAC Halts Foreclosures in 23 States for Review

For a long time we’ve discussed that reality that often banks foreclose on houses without verifying that they own the loans… in fact, this was a tactic we’ve used to get lenders to stop the foreclosure process… they have to prove that they own the note (in other words, that they have title). Well, it…  Continue Reading

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House Bill Would Force Lenders to Decide on Short Sales in 45 Days

House Bill Would Force Lenders to Decide on Short Sales in 45 Days

While I’m an optimist by nature, what chances do you give this bill of passing?  And even if it is passed, what will force the banks to sell at price that reflects what people can actually afford in the area where the subject property is located? Read more at DSnews.com

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Bill Would Force Lenders to Decide on Short Sale in 45 Days

Bill Would Force Lenders to Decide on Short Sale in 45 Days

There’s some encouraging news on the horizon for homeowners hoping to sell their homes via a short sale – in the form of a new bill being introduced into the U.S. House. The bipartisan Prompt Decision for Qualification of Short Sale Act of 2010 would impose a deadline on lenders to respond to short sale…  Continue Reading

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Distressed Commercial Real Estate Now At $186.9B

Distressed Commercial Real Estate Now At $186.9B

You read the headline right… $186.9 BILLION- with a “B.” That figure includes properties in default, foreclosure and lender REO. This is according to data gathered from the research firm, Real Capital Analytics. This figure represents an increase of 12%, or just over $20B, since June. Experts predict that this sky-high range will be around…  Continue Reading

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Fannie Mae Selling Foreclosed Homes with Subprime Terms

Fannie Mae Selling Foreclosed Homes with Subprime Terms

Through their new HomePath program, troubled GSE giant Fannie Mae is offering their foreclosed homes for sale with as little as 3% down. What’s more, that 3% can be a gift from a family member of third party, or a loan from a non-profit, state or local government. Doesn’t this remind you of the “deals”…  Continue Reading

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Home Appraisals Receiving Tighter Scrutiny

Home Appraisals Receiving Tighter Scrutiny

The days of quick home appraisals seem to be coming to an end, even at times being problematic. Lenders are becoming more demanding, and often calling for second appraisals on a home before giving the green light. Where does this stem from? Of course, from the problematic home loans of the past that got us…  Continue Reading

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Plan to Help Underwater Homeowners Launched

Plan to Help Underwater Homeowners Launched

Will this program finally make a difference? The government is trying to jump-start its so-far weak attempts to tackle the foreclosure crisis by trying to help homeowners who owe more on their homes than they are worth. The Federal Housing Administration will allow lenders to give these borrowers refinanced loans if the lender agrees to…  Continue Reading

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Banks Give Local Groups First Shot at Foreclosures

Banks Give Local Groups First Shot at Foreclosures

Major banks, including Bank of America and Wells Fargo, are agreeing to give local governments and nonprofit groups the ability to buy foreclosed homes before they are sold to private investors. The Obama administration says local officials could benefit from acquiring these properties and using the land for redevelopment projects. Congress has provided $7 billion…  Continue Reading

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Mortgage Closing Costs Jumped 40% in Illinois

Mortgage Closing Costs Jumped 40% in Illinois

Mortgage rates are the lowest they’ve been in a long time, and those people who are in a position to be able to capitalize on the market conditions and buy a home are facing another challenge: rising mortgage closing fees. In Illinois alone last year, mortgage closing costs rose by 40%. The national average is…  Continue Reading

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Legally swipe your competition’s private lenders (video for ya)

Legally swipe your competition’s private lenders (video for ya)

Have you ever seen a real estate investor in your town closing a bunch of deals… … and you’re sitting there wondering how they’re funding their deals?   Well, this video that I found last week shows you how you can literally (and legally) *spy* on your competitors to see who their private lenders are…  Continue Reading

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Former Bank Insider Reveals Unnerving Market Trends – 08.25.10

Former Bank Insider Reveals Unnerving Market Trends – 08.25.10

In case you missed last night’s call with Jerami King about the unnerving trends and changes in lender protocols, you can listen to the replay here. You’re going to want to hear what Jerami has to say about these shocking trends especially if you work with or come across a deal from Bank of America,…  Continue Reading

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Bank Insider Reveals Shocking Short Sale Trends

Bank Insider Reveals Shocking Short Sale Trends

Jerami King is a former team leader for the loss migitation department of a MAJOR bank. Today he helps real estate investors and homeowners successfully navigate the pre-foreclosure process. Few people know more about the ‘ins-and-outs’ of working with leaders on short sale approvals. Tonight, Jerami will share some unnerving trends and changes in lender…  Continue Reading

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Former Bank Insider Reveals Unnerving Market Trends

Former Bank Insider Reveals Unnerving Market Trends

I have some very important information to share with you TOMORROW night. You may or may not know Jerami King.  He was a former team lead for the loss mitigation department of a MAJOR bank. He has a unique perspective on short sales in today’s market, seeing them from both sides of the plate… first…  Continue Reading

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Secret 2-Pay Plan Revealed!

Secret 2-Pay Plan Revealed!

Last week I introduced you to an amazing new opportunity for funding your real estate deals… and the bad news is you only have one more chance to get in on the action! BUT, here’s the good news… I convinced Jason to offer a 2-pay option, for ONE DAY ONLY! Learn how to get cold,…  Continue Reading

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Money Available = Overwhelming Response

Money Available = Overwhelming Response

All this week I’ve been telling you how you can get the funding you need for any real estate deal you do… regardless of your current situation, income, assets, or credit. Last night Jason “The Money Man” Medley shared how YOU can access this list of thousands of active private lenders nationwide that are ready…  Continue Reading

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