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new jersey: Practical marketing suggestions: the local preforeclosure market - 07/10/07 10:54 PM
In short, my main suggestion is to print out a map from Google of where you live and draw a 1 square mile box around it, this box will represent your farm territory.  Get to know this 1 square mile like the back of your hand and make sure this 1 square mile knows you. Research it from top to bottom. Build rapport with everyone!
Long drawn out...if you have the time version:
General contacts: Talk to everyone about what you do including the US postal workers, crossing guards, UPS/FEDEX guys as these people seem to know everything going on locally. Right now … (5 comments)

new jersey: IndyMacBank: Deficiency Judgments: Short Sales - 06/15/07 05:06 PM
Let me preface this by saying that even though New Jersey allows for deficiency judgments the state statute actually frowns upon deficiency judgments. Consider the case law below. Correct me if I am wrong but the majority of mortgage companies provide for short sales it appears because they would rather cut their losses up front and they would rather be in accord with NJ's feeling on collecting deficiency judgments from a default borrower. However, some institutions like IMB seem to frown on Short Sales and it looks like they are placing deficiency judgments on default homeowners once the foreclosure proceedings are … (17 comments)

new jersey: Loss Mitigator: The Ins and Outs of Short Sales & Understanding Credit Reports/ Q&A - 05/25/07 05:15 PM
My Notes: 
Topic: Understanding credit reports & The Ins and Outs of Short Sales
Speaker: Gary Nicolini; 10 years experience as a loss mitigator and real estate investor.
A. Understanding a Credit Report: A Mortgage Lenders Perspective
1. First and foremost above score and history is the applicants ability, stability, and willingness to pay.
2. Even if history shows a few 30,60,90 days late or a series of skipped credit card payments the applicant might still be ok as long as they were  consistently paying their mortgage payments
3. Subprime is not dead. Lenders still doing 80/20 with sub 660 scores.
4. … (7 comments)

new jersey: New Jersey Real Estate Investors Association meeting tonight - 05/24/07 10:12 PM
Excellent meeting!
The association chairperson was friendly, knowledgable, and he facilitated networking between members.
I met an array of real estate practitioners from people in the note maket to creative financing specialists to international investors to a loss mitigator...and their was food!!!!
Networking was strongly encouraged before and after the key note speaker. Also, members with property or services for sale were given face time in front of the whole group. 
I will continue to attend meetings and functions on a regular basis.
Tonight about 40 people showed up. The key note speaker talked about short sales as a loss mitigator and an investor. I … (0 comments)

new jersey: Great networking opportunity at the Metropolitan Real Estate Investors Association; MREIA - 05/22/07 10:59 AM
I don't know what else to say except my expectations were met and then they were exceeded.
There must have been well over 300 people in attendance!!! Everyone I met was incredibly nice, friendly, and easy to talk to. This is truly one of New Jersey best kept secrets. I must have spoken to at least 50 people all of which were involved in real estate from a variety of prospectives ie, agents, mortgage brokers, investors, rehabbers, contractors, instructors, etc.
From the moment I arrived at 6:15 till the moment I left at 10:15 I was engaged in positive conversation about real … (1 comments)

 
Lets talk: preforeclosures, foreclosures, REO's, Marketing preforeclosure clients, short sale workouts, real estate investor associations, NAR...


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