Learn exactly how to stop foreclosures at the last minute
Make very well by doing it
Includes:
Step by step description of the process
Exact logistics of the process
How to game the system
Taking advantage of legal rights
Avoiding legal traps
Obtaining clients
Selecting clients
How much to charge
Questions and answer
Date:
See above
4:00pm to 5:30pm PST
Price:
$35
More Information
Earn great by stopping foreclosures at the last moment.
Do you want to earn well?
Solve urgent problems!
What can be more urgent for a homeowner than needing to stop a foreclosure that is just about to happen?
When someone is about to be foreclosed the next morning, nothing is more urgent!
In this webinar I will show you how to solve this problem and earn very well.
We are in a knowledge economy.
This is especially true in real estate.
The more you learn. The more you learn.
Do you want to learn something valuable and immediately applicable?
This is it!
I have been doing this for the last couple of months.
I should have figured this out a lot earlier.
This works well for the clients.
This works well for me.
There is plenty of business.
This business works well because of the principle of “the benevolent authority”.
When you can solve a problem you become the “benevolent authority”.
This is especially true when there is urgency.
If there is time pressure you are the only game in town.
What this means to you is that you negotiate from an elevated position.
This is exactly what happens when you go to the doctor with broken arm. When your arm is broken, do you procrastinate, wait and look around for a better deal?
NO!
You go to the doctor and get treated quickly for a fair deal.
Last minute foreclosure stops is the business of the day.
It is about you providing a valuable service, at a fair price, with minimal negotiation, and with a quick client decision. What can be better?
The client gets to keep the property for a few more months.
You get paid excellent for a couple of hours of work!
There is no time waste!
I charge a fair price.
What I charge is less than renting a small apartment in my area.
I am effective and charge cash on the spot.
How much longer can the homeowner stay at the property?
It depends. From a few weeks to a few months.
I did one in May 4th. Then, in July 15, the bank finally established the new foreclosure date to be October 16th. Then they changed the date to December 7th. That is several months worth of living for free. Did the client get good deal or what? But that is not all, in December we will postpone again. Because of the state foreclosure rules, they will have to re-start the process from scratch. Basically we can keep the homeowner in the house until July or August 2010! Is this a valuable service or what?
Do you want to learn more?
Do you want to get started?
Sign up for this webinar. You will at least double your money in your first deal.
In this event you will learn the ins and outs of loan modifications, debt settlement, bankruptcy and short sales. This is an informational event in which we will get to know each other. You will learn the main aspects of the mentioned inter-related subjects so you can make a decision of who to proceed, and the services we can provide to you. There will be no hard sales pitch. You will get real knowledge. If you decide to hire us for real estate and legal services, that will be even better.
Seminar Outline
6:15pm Start check in
6:30pm Introduction
6:40pm Powerpoint presentation
Intro ot debt resolution
Credit damage scale
Debt settlement
Loan modification
Short sales
Bankruptcy
Debt charge-offs
7:10pm Question and Answers Session
7:30pm End
Expert Panel
Oscar Morante, Realtor: NW Loss Mitigation, LLC and Century 21 Cascade Pacific Realtor. Oscar is an active Realtor, owner of NW Loss Mitigatigation, LLC, and a short sales expert. He developed this seminar based on his experience settleling his own credit card debt. Oscar is a very engaging speaker, and excellent at making complicated subjects easely understandable.
Christopher Schwindt, Attorney: SRL Law Firm. Chris is seasoned attorney, expert in real estate, business and bankruptcy law. He is licensed in Oregon and Washington. His firm represents consumers with services ranging from transactional help to loan modifications, short sales and foreclosure prevention.
Lisa Porter, Attorney: SRL Law Firm: Lisa is a seasoned consumer protection litigation attorney. She is licensed in Oregon and Washington. She specializes in consumer protections issues and has won lots of cases. If you have been wronged by a creditor or bank, she may even make you money.
David Richardson, Attorney: SRL Law Firm: Bankruptcy and general practice attorney. Licensed in Oregon and Washington. Dave is an expert in resolving all financial distress issues in a coordinated and rapid way.
Today I would like share with you maybe the most important principle in Short Sales. This simple principle will make you lots of money and ensure you earn well for years and years, not just in short sales but in any business.
Be Helpful: Take care of your clients, and they will take care of you.
The Short Sales business is a clear example of a business in which one person's poison is another person's meal. To be successful in Short Sales, you need to resolve the seller's and the creditor's financial problem associated with the property. Whether you are an agent or an investor, as a short seller, your job is to fix this situation such that the both seller and creditor arrive to an acceptable compromise. It is your ability to solve these issues that makes you valuable.
For you to provide a solution, and therefore be helpful, there needs to a real and perceived problem.
The seller and the creditor need to have a problem
The seller and the creditor need to perceive the problem
Let me explain you:
In life, perception is reality. That a client's property is causing a huge financial problem doesn't necessarily mean that the client is aware of the long term consequences. Sometimes the client perceives that loosing the property is not a big deal. As a result, despite truly needing your help, the client will feel that you are un-necessary. In this case you can't be helpful to him. So move on. It will be a waste of time.
The same is true in the case of the creditor. If the creditor, correctly or mistakenly, perceives he can recover more of the debt through a foreclosure sale, the creditor will not cooperate. In this case, arrive at the best possible solution, or move on.
Work Only Motivated Clients & Creditors
As you can see, it is not just the problem that makes clients and creditors cooperate, but almost as importantly, their perception of the problem. Motivated clients and creditors correctly acknowledge and perceive the situation. Therefore they consider you helpful to their needs. Work only with motivated clients and creditors. You will have a lot more closings!
Short Sale Effectiveness
If you are serious about Short Sales, I strongly recommend you to take Short Sales A-Z. This downloadable online video course is comprehensive. It will teach you all the ropes of the business. The knowledge you will acquire will pay for itself over and over. Not only that. Unlike other short sale materials, this course is concise, enjoyable to study and easy to review. With this course there is no need to go through tons of binders and endless repetitive CDs. In five hours you will be ready to start acting. HERE is what other students say.
Invest in Your Education
I guarantee you Short Sales A-Z will be one of the best real estate investments you will ever make. What you will learn will pay for itself over and over!
A Great Value
Short Sales A-Z gives you the most value of any of the courses out there. Do your own research to confirm this. There are plenty of courses available. Most of them are several times more expensive and offer less. Others offer un-necessary coaching with far away trainers. If they cost less, they are usually teasers designed for you to buy a more expensive program.
Thanks for contacting me for this. I am in the process of creating a "Do It Your Self Debt Settlement" course. "Charged Off" means that the creditor sold the debt for to a third party at a loss. You will most likely get a 1099C for the lenders losses. Now you owe the debt to someone else. You can pay that debt when you can. If you can't right now, don't stress too much but be on top of it. It will not be forgiven. If you don't pay it, it will eventually become Zombie debt. That is debt likely to re-surface sometime in the future. That will probably be at a bad moment for you. Most likely the people that bought your debt will track you for triggers until you pay them on a settlement (and beyond). So settle them when you can. Another thing to look at is bankruptcy. The thing is to eliminate the problem as soon as you can. You can also work with a debt settlement company. I can connect you for this. Does this help? Let me know.
NOTE: I replied you last Friday. Washington state does not have a purchase money protection statute. You attorney is right. You owe that money.
Let me know about this developments. That will help me better attend clients. Thanks.
Sincerely,
Oscar
Oscar, the second mortgage amount was for approximately 65,000.00 and it was purchase money. After consulting with my attorney xxxx regarding this matter, I asked him to draft a letter explaining my situation and asked to settle for 6500.00 or essentially 10 percent which is what most banks agree to if there is a short sale on the property. A couple weeks later the lawyers for Citibank counter offered with 16,490.00 and two months to pay it off. Although that is generous and I appreciate their grace in this matter, the truth is if I had 16,490.00 I would have been able to keep my house and avoid foreclosure. Also, I would need a lot more than two months to pay that kind of money. I havent responded to them yet as i've been seeking a second opinion. I looked at my credit report and it says the debt has been settled and written off. Im a little confused then as to why im being pursued. Is this just a lawyers office/ debt collection agency that has bought the debt and is looking for a return? I dont want to and cant afford to pay 16,490.00 for something that has possibly been written off anyway. I know you are a busy person and I greatly appreciate you taking the time to respond and look into this for me. xxxxxx
One of my clients just inquired about the following. I consulted this with my local real estate attorney.
Situation:
The client had two mortgages on the house. This were original purchase money loans. NO refi or Heloc. The client got foreclosed. The second mortgage holder is now after the homeowner. They are threatening law suit. Can that happen?
Reply:
Oscar:
I do not believe there is any protection for "purchase money" mortgages in WA.
Here is the relevant portions of the statute. There is no deficiency judgment if the elected remedy is a non-judicial trustee sale foreclosure and the sale is active or goes through. However, any lender can elect to seek recovery on the note instead of foreclosing, which is what a second-position lender out-of-equity is likely to do.
RCW 61.24.100
•(1) Except to the extent permitted in this section for deeds of trust securing commercial loans, a deficiency judgment shall not be obtained on the obligations secured by a deed of trust against any borrower, grantor, or guarantor after a trustee's sale under that deed of trust.
(2)(a) Nothing in this chapter precludes an action against any person liable on the obligations secured by a deed of trust or any guarantor prior to a notice of trustee's sale being given pursuant to this chapter or after the discontinuance of the trustee's sale.
It seems like the 1st foreclosed so now the 2nd is coming after them personally on the note, which appears to be allowable.
I understand that you did not refinance. You bought the house with the mortgages present at the time of foreclosure. Is that right? The majority of states have purchase money protection statutes. Oregon and California do for sure. Maybe Washington does not. There are some caveats as well. For example, in Oregon, once the second mortgage is over around $120K, it is treated differently.
I work in Oregon and Washington, so this knowledge is very important to me. I will ask my local Washington attorney for my own knowledge sake. They deal with this issues all the time. Often they take legal action against the banks. That seems to work. Maybe I can get an answer for you today. If not, in a few weeks. He is about to go on vacations.
The issue is this. Lets say that Washington state does not have purchase money protection. If they want to force you into paying they need to take legal action. This takes a long time to even get started. Depending on how much is that second mortgage, interest rate, arrears and likelihood that you can ever pay, it may not be worth them suing you. Chances are you can settle them for less. You may look into bankruptcy alternatives as well. You may discharge them that way, or force them into settlement for less than owed. Keep me informed. This is a hugely important subject.
Oscar
At 10:52 PM 10/29/2009, you wrote:
You've received a contact message from your Contact Form on the ActiveRain network.
Oscar, after an exhaustive number of attempts to work with my lender to keep my home i sadly lost it to foreclosure. Now the second mortgage lender is threatening to take me to court for the balance on the second. The different professionals i worked with through this ordeal told me that the second mortgage goes away after a foreclosure when its purchase money (which it was) but they can come after you only if its refinance or equity line of credit money. After I recieved the letter from the attorney supposedly working for Citibank, I contacted a real estate lawyer in Lynnwood, WA and he stated that I was in fact responsible to pay this debt. Im being referred to you by my friend and mortgage specialist xxx of Lynnwood, WA and I hope you can advise me on this matter or put me in contact with someone you work with and trust. Thank you for your time. xxx Bothell, WA xxxx
Oscar Morante www.bestshortsales.com oscar@bestshortsales.com Ph: 971-222-3734 Fx: 503-296-5663 9220 SW Barbur Blvd. Suite 119 - #159 Portland, Or 97219
This is the list of most challenging lenders for getting loan mods and short sales.
Need short sale or loan modification help? If you are in the Portland Metro area call me a 971-222-3734 or email me at info@bestshortsales.com
LENDERS THAT ARE CHALLENGING TO WORK WITH: (We recommend a Forensic Loan Audit be conducted with these lenders) · Indy Mac* · US Bank · CitiMortgage · Wilshire Credit Corp. · First Franklin · Flag Star · Ocwen · Credit Unions · Sun Trust Mortgage · HSBC · Downey Savings
*Are not postponing sale dates even if the file is in review and will not do investments regardless if it's occupied.
When it comes to loan mods, it is critical to know which lenders are most cooperative. Below is the list of most cooperative lenders for loan mods. This lenders are also more helpful with short sales.
If you are in the Portland Metro Area contact me at info@nwlossmit.com or 971-222-3734. I can help you with your loan modification and short sale needs.
MOST COOPERATIVE LENDERS: · Bank of America/Country Wide* · CHASE/WAMU/EMC · Aurora · Wells Fargo · SLS** · GMAC/Home Comings · Wachovia · Litton · National City Mortgage · Saxon Mortgage Services · Select Portfolio Services
*Will not modify loans on investments regardless if they are occupied.
Fantastic Bargain : By far best priced property in the area
Contact Oscar Morante, Realtor 971-222-3734 for access.
Beautiful home. Kitchen Whirlpool appliances & oak cabinets. Gas fireplace in family room, formal dining, 9' ceiling on main, Master suite w/jet tub & w/in closet. Beautiful landscaping, spinkler system. Conveniently located min. to Home Depot, Costco, I-205, I-5
By far the best priced property in the neighborhood as well as one of the best ones. RMLS # 9067449
This pictures are from 2006 when the property was vacant, just prior to purchase. The property is presently occupied but very well maintened.
Call Oscar at 971-222-3734 for access.
This is a short sale. This will take little patience, but it will be worth your while. We are experienced short sale agents. See info at www.OscarPDX.com.
Oscar Morante, Realtor and Short Sale expert interacts with all individuals seeking more knowledge in this fascinating field.
The more you learn, the more you earn. Short sales is where most of the business is at. Sure it is a bit more work, but if you are good opportiny is abundant.
Learn everything about short sales.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
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