Tips and Tricks to Working With HUD Properties

Tag: mortgage

Tips and Tricks to Working With HUD Properties

Buying HUD properties is a simple, fast way to make consistent profits – quickly putting thousands of dollars in your pocket over and over again. Before we find out some of the tips to working with HUD properties, let’s define what a HUD property is. A HUD property is one that used to have an…  Continue Reading

Read More

“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

Read More

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

Read More

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

Read More
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

Read More
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

Read More

As Short Sales Increase, So Does Suspicious Activity

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…  Continue Reading

Read More

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

Read More
10% of Homeowners Are 90+ Days Delinquent

10% of Homeowners Are 90+ Days Delinquent

According to Zillow, 10% of all homeowners are 90+ days delinquent on their mortgage payments. That equals out to owing $1.2 TRILLION more than the value of the homes. It’s a staggering number. Over 30% of homeowners owe more than their house is actually worth, making them “underwater.” Zillow’s data covers nearly all mortgaged homes…  Continue Reading

Read More
Pending Expiration Fuels Strategic Defaults

Pending Expiration Fuels Strategic Defaults

The current Mortgage Debt Relief Act of 2007 is set to expire on December 31 of this year. While there is a bill in the House that would extend it to 2015, homeowners are getting twitchy. So much so, in fact, that according to YouWalkAway.com, a foreclosure prevention agency, conducted a survey of borrowers and…  Continue Reading

Read More
Mortgage Delinquencies at Lowest Since 2008

Mortgage Delinquencies at Lowest Since 2008

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…  Continue Reading

Read More

5 Tips For Investing In Bank Owned Properties

There are unique income opportunities for the savvy real estate investor in today’s market. Over 46% of all home purchase transactions are distressed properties according to Inside Mortgage Finance Magazine and thier Housing Pulse Newsletter. So what does that mean for you? Bank owned properties, or real estate owned properties (REOs), are homes that went…  Continue Reading

Read More
How to prepare for the future of real estate investing…

How to prepare for the future of real estate investing…

Yesterday I told you about my friend Peter. He’s one of the guys I attribute to me starting out in real estate. In 2003 I picked up his book one day in the book store and I’ve made millions in real estate investing since. Trust me, a lot has chance since then! That’s why I’m…  Continue Reading

Read More
”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

Read More

Buyers on Fire is Crushing!

161 new leads in 30 hours plus a mortgage broker is going to pay me $2000 a month to provide him these leads. Booyahh!!! www.strategicrealestatecoach.com/buyersonfire 440-623-0531 www.surveymonkey.com/s/acceleratedinvestor

Read More
Short Sales Making a Comeback With Investors

Short Sales Making a Comeback With Investors

This is good news for real estate investors, but honestly, something we at SREC never stopped doing, even when things got really tough. Short sales are once again are becoming popular with investors. According to a recent survey by HousingPulse, the percentage of investors pursuing short sales rose by nearly 3.5% in a six-month period….  Continue Reading

Read More
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

Read More
860,000+ Foreclosures Completed in 2011

860,000+ Foreclosures Completed in 2011

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…  Continue Reading

Read More
BOA Settles, Brings Mortgage Relief to 200,000 Homeowners

BOA Settles, Brings Mortgage Relief to 200,000 Homeowners

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…  Continue Reading

Read More
Looser Credit Standards Brings Housing Hope?

Looser Credit Standards Brings Housing Hope?

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…  Continue Reading

Read More
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

Read More
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

Read More
9 Ways To Cash In On Short Sales (starts today, last opp)

9 Ways To Cash In On Short Sales (starts today, last opp)

Later today, Derek and I will be showing you 9 ways to cash in on short sales step by step whether you are an investor, OR a licensed real estate agent or BOTH. If you miss this you’ll be leaving a boatload of money on the table. Enough to pay your car, mortgage, rent, food,…  Continue Reading

Read More
Is Anyone Still Flipping Short Sales?

Is Anyone Still Flipping Short Sales?

Answer: Yes and No Let me explain. A few years ago EVERYONE was flipping short sales and making gobs of money doing it. Today there are still investors making a killing with short sales BUT THE RULES have changed. The game is not being played on a level playing field anymore. The banks, underwriters and…  Continue Reading

Read More
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

Read More
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

Read More

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

Read More
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

Read More

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

Read More

4 Signs of a Depressed Housing Market

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…  Continue Reading

Read More
Home Sales Weakest in 13 Years

Home Sales Weakest in 13 Years

Existing home sales are on pace to hit the weakest level in 13 years, if the first half of this year is any indication. Sales numbers fell again in June by .8%, following a weak Spring, according to the National Association of Realtors. The news has been the same for four out of the past…  Continue Reading

Read More
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

Read More
This Thursday: Learn 11 new ways to instantly infuse your empty bank account with cash

This Thursday: Learn 11 new ways to instantly infuse your empty bank account with cash

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…  Continue Reading

Read More
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

Read More
ICI Manifesto: Complimentary 40 page Digital Book. Get it now.

ICI Manifesto: Complimentary 40 page Digital Book. Get it now.

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…  Continue Reading

Read More
BOA Shelling Out $8.5B From Housing Crash

BOA Shelling Out $8.5B From Housing Crash

Last week, Bank of America announced that it will shell out $8.5 billion in the bank’s largest single settlement in the current financial crisis. The money will go to 22 institutional investors that lost money on mortgage-backed securities. Many of the mortgage issues stem from BOA’s purchase of Countrywide in 2008. BOA says the settlement…  Continue Reading

Read More
Help 26 million sellers who can’t sell by connecting them with “mortgage disapproved” buyers

Help 26 million sellers who can’t sell by connecting them with “mortgage disapproved” buyers

The THIRD Instant Cash Infusion video has just been released You can watch it here: In the video Jeff Watson (the co-creator of the infamous option contact and America’s Top Short Sale Lawyer) and I give you TWO “forgotten” strategies for making real money in the next 16 – 60 days using an option contract….  Continue Reading

Read More

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

Read More
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

Read More

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

Read More
PMI Expands LTVs and Credit Scores in Distressed Markets

PMI Expands LTVs and Credit Scores in Distressed Markets

PMI Mortgage Insurance Co. is seeing signs of strengthening in markets the firm classifies as “distressed,” enough so that the private mortgage insurer is relaxing its requirements for loan-to-value (LTV) ratios and minimum credit scores. The California-based insurer issued a bulletin last week announcing that it is raising the LTV to 95 percent for both…  Continue Reading

Read More
Servicers Modify 210K Loans Through Own Programs in Q1: Report

Servicers Modify 210K Loans Through Own Programs in Q1: Report

An estimated 210,000 homeowners received permanent, proprietary loan modifications from mortgage servicers during the first quarter of 2011, according to data released by HOPE NOW on Monday. That’s down nearly 20 percent from the 261,500 private-program mods reported during the fourth quarter of 2010, and 40 percent fewer than the 347,000 completed in the third…  Continue Reading

Read More
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

Read More
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

Read More
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

Read More

52 Different Ways to Make Money in Today’s Real Estate Market

Everyone knows that real estate has made more millionaires than any other industry, and that it has a low barrier to entry for a new investor. You don’t need a degree or any experience to begin. You just need a strong work ethic and a desire to learn. And that’s where we at SREC come…  Continue Reading

Read More
House Votes to Terminate FHA’s Short Refi Program

House Votes to Terminate FHA’s Short Refi Program

Check out this quick update I found today: The U.S. House of Representatives has passed legislation to end the Federal Housing Administration’s (FHA) Short Refi Program aimed at helping homeowners who owe more on the mortgage than their home is worth obtain a new FHA-insured loan with a reduced principal. In a 256 to 171…  Continue Reading

Read More
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

Read More
Will the Fat Lady Sing?

Will the Fat Lady Sing?

Hi Gang, I’m stoked for this week, and me and my crew are working overtime to make this week’s event the best yet.  That being said, before I hit the sack tonight I wanted to get this out…it makes for some pretty interesting reading. We all know that America’s mortgage market almost sank the world…  Continue Reading

Read More
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

Read More
JPMorgan Chase warns attorneys of possible foreclosure robo-signers

JPMorgan Chase warns attorneys of possible foreclosure robo-signers

First GMAC.. And now JPMorgan Chase.. Whose going to be next? -Josh JPMorgan Chase & Co. (JPM: 38.47 +0.16%) last night alerted attorneys that employees in its foreclosure operations unit may have signed affidavits in foreclosure cases without personally reviewing the documents, the same issue that has recently plagued Ally Financial, according to a memo…  Continue Reading

Read More