shortsales: 11 Reasons NOT to Buy a Texas Short Sale - 04/26/10 03:06 PM
11 Reasons NOT to Buy a Texas Short Sale
Short sales happen when home values fall and sellers do not receive enough cash from a buyer to pay off their existing mortgages, providing lenders agree to take less than the amount owed to them.
On the surface, it may appear that a short sale buyer is getting a good deal. Although a slim margin of short sales may be profitable for a buyer -- because there are always exceptions -- much of the time, a buyer would be better off buying a home that is not in default.
You are unlikely … (2 comments)

shortsales: 7 Reasons Women Invest in Real Estate - 04/09/10 04:15 AM
Seven Reasons Women Are Turning to Real Estate in Record Numbers
Think short sales and real estate investing is a guy's game? Think again. Women are making in-roads into real estate in a big way. Forget clipping coupons or trying to save up for a vacation, research shows that women have been making the majority of home buying decisions related to the purchase of a family home for several years but now many are taking it one step further. Women are now making investment decisions on a regular basis including the purchase of short sale real estate and other investment assets. … (4 comments)

shortsales: Are You Buying a Humble Texas Short Sale - 03/27/10 02:14 PM
Are You Buying a Texas Short Sale
Most buyers pursuing short sales get a good deal.  When you see a price listed for a home that you think is too low for the neighborhood, ask your real estate agent to call the listing agent to find out if the home is a short sale.
You might want to think twice about making an offer on a pre-foreclosure, short sale home. Very few can close in 30 days or less.
Many home buyers have waited 3 to 4 months to close on a short sale, sometimes longer. But is it a good deal to wait … (0 comments)

shortsales: News for Short Sale Investors and Others..Particularly Realtors - 05/15/09 05:16 AM
News for Short Sales Investors and Others...Particularly Realtors
Short sales are complex transactions involving careful coordination and close cooperation among a number of parties -- servicers, appraisers, borrowers, purchasers, real estate brokers, title agencies, and often mortgage insurance companies and junior lien holders.  A short sale usually provides a better outcome for borrowers, investors and communities, but because of the complexity and time involved, servicers have often opted to pursue foreclosure instead, even where a short sale would have provided a substantially better outcome for everyone involved.  The Making Home Affordable (MHA) Program provided additional details yesterday on its plan to … (0 comments)

shortsales: Did YOU See this Letter to the Editor about Short Sales Riches?? - 05/04/09 09:27 AM
Did YOU see this Letter to the Editor??
Letter to the Editor, Tampa Tribune:
I understand why your reporter focused on my colorful hair and YouTube marketing videos in her story about Short Sales Riches, our business model for helping homeowners close "short sales" and avoid foreclosure judgments.
But by emphasizing the critics, she missed the context for why our business is having such success.
This is an unprecedented time in the housing market. More than half the homes for sale are distressed properties, including short sales, where banks agree to accept less than what is owed in return for the … (1 comments)

shortsales: Do YOU Never Say No? - 05/02/09 12:12 PM
Do YOU Never Say No?
One of the first lessons to learn about negotiating the biggest profits when working with short sales is to never say no. While most of life's important lessons tend to revolve around saying no in one form or another, the central premise to reaching an agreeable negotiation is to simply never say no. As long as both parties are still talking, there is enough room to reach an agreement. 
Learn how to never say no even in the toughest situations by implementing a few of these great tactics for your next short sale deal:
Nurse the … (2 comments)

shortsales: How Short Sale Investors Can Spot True turn-Around - 04/29/09 10:20 AM
Signs of the Times - How Short Sale Investors Can Spot the True Turn-Around
At the first sign of slowing declines and a few stocks going up in value, the media is eager to report that the worst is over. Before you run out and begin buying up stocks or bonds it might be a good idea to review the signs of a real bottom. Expect a true turn-around to take place after the following events have been established:
Debt Liquidation. While the big bank bail-outs and automobile manufacturers might seem to have drained the Federal Reserve, remember what we spoke … (0 comments)

shortsales: Foreclosure Requirements Take Toll on Short Sales - 04/20/09 12:04 PM
Fighting Fair - Foreclosure Requirements Take Toll on Short Sales
Short sale investor are increasingly confronted with the prospect of losing out on a short sale deals as sellers seek to maximize the time they are able to live in a home for "free."   A plethora of informational items are advising sellers to fight foreclosure and use stall tactics including entertaining multiple short sale offers and fighting foreclosure technicalities.
Learn how to identify stalling tactics and avoid wasting time on sellers playing the waiting game by understanding the basics of foreclosure requirements and delay techniques.
Foreclosure Requirements
1.  Notice of Default … (4 comments)

shortsales: Loan Mod Program Starts - 04/18/09 10:41 AM
Loan modification program starts
The Treasury Department announced that the first six participants to sign up for
President Obama's loan modification program are JPMorgan Chase, which will get  
up to $3.6 billion in subsidy and incentive payments; Wells Fargo, $2.9 billion;
and Citigroup, $2 billion.  The others are GMAC Mortgage, $633 million; Saxon
Mortgage Services, $407 million; and Select Portfolio Servicing, $376 million. 
A statement issued by Wells Fargo said, "We view this modification program as
yet another incremental opportunity for thousands of homeowners to preserve and
maintain the dream of homeownership."  Left unsaid is the fact that now the
… (8 comments)

shortsales: Five Ways to Fund Your Short Sale Empire - 02/01/09 07:31 PM
Five Fast Ways to Fund Your Short Sale Empire
Are you an Average Joe just hoping to hang on to your job and making ends meet despite the faltering economy? Have you convinced yourself there is nothing more you can do to better your position in life than just sit by and wait for the other shoe to drop until you join the long lines of unemployment? Fortunately, not only are you wrong but the fact is, you are living in unprecedented times.
For the first time in decades there is now an opportunity to purchase real estate at a fraction … (2 comments)

shortsales: Break the Poverty Mentality - 01/30/09 01:53 PM
Poverty Mentality: Learn to Break the Bad Habit & Plan for Success
Is a poverty mentality keeping you from breaking into short sales? Learn how to break bad habits like a negative attitude, poor financial outlook and other self defeating behaviors that keep you in the poor house rather than planning for prosperity. Investigate your own money-mindset by answering the following items truthfully:
1.  Do you find yourself seeking the approval of friends and family on a regular basis?
2.  Do you find it difficult to separate fact from fiction especially when it comes to finances?
3.  Do you expect the … (2 comments)

shortsales: Motivation or Madness Don't Look for Bad News - 01/30/09 01:47 PM
Bad News - Motivation or Madness?
How do you respond to bad news or a set-back? Much depends upon how you see the world and your position in it; for those that believe they are victims left to the whims of others they are likely to respond to bad news with tears, pity or anger. Remember the aftermath of hurricane Katrina?
Some people literally stood around looking stunned and waiting for someone to come rescue them while others became energized and took matters into their own hands while providing assistance to others even as their own homes were washed away. Those … (0 comments)

shortsales: Time is Money..Improve Your Bottom Line - 01/20/09 04:03 PM
Time is Money - Keeping Track of Time to Improve Your Bottom Line You have heard it said "time is money" and no place does that hold more true than when investing in short sales real estate.  Have you ever stopped to calculate the cost of your actual time? What about the value of that same time? Most people sell their time in exchange for as little as $7.15 per hour (minimum wage). Take time to really let that set in. Envision the last day of your life with your loved ones by your side. Would you trade that last hour … (0 comments)

shortsales: I've Fallen Behind on the Short Sale News - 01/13/09 04:25 PM
I'm sure most of you have seen this already, but for those who miseed it.
The news was a little grim about the jobs market, as continuing jobless claims rose more than expected.  The Department of Labor reported that those who are continuing to claim unemployment rose by 101,000 to 4.61 million, which was well above most analysts' expectation of 4.5 million.  It also marks the highest level of jobless claims since November 1982.
President elect Barack Obama warned today that a "bad situation could become dramatically worse" if Congress does not approve his upcoming stimulus package.  President elect Obama did … (4 comments)