| |
success: Looking for “Love” in Short Sale Investing - 08/04/10 12:26 PM
As a short sale investor, you probably know that finding buyers is as delicate a process in a lot of cases as finding sellers. Particularly in this market, while lots of people think that they want to purchase a home via short sale, they think this largely because of a media-created perception of what the transaction is, not what the process actually entails. As a result, many short sale buyers can be just as difficult as short sale sellers to work with.
One way to get around this problem when you are looking for short sale buyers is to be very … (0 comments)
|
success: Dealing with Real Estate Agents who are Short Sale “Specialists” - 08/04/10 12:25 PM
As a short sale investor, you may find that there are times when you find a good short sale deal with the help of a real estate agent. Many times, the agent in question will bill him or herself as a "short sale specialist," which may be a title that helps attract listings and implies a familiarity with the short sale process. As short sales take over more and more of the market, increasing numbers of agents are labeling themselves in this way. But does this actually mean anything, and is the title worth the commission that the individual in question … (0 comments)
|
success: Spotting Short Sale Properties that Will Work for You - 07/14/10 04:31 PM
Every short sale investor has a specialty – that particular type of deal that they do better than any other. In many cases, the success of a deal can hinge on how familiar you are with the type of negotiations that go along with it. If you are just getting started in the short sale business, you may want to focus on a type of property or transaction that is easy to find right now, in today’s market, in order to maximize your ability to find and do deals.
One way to maximize your opportunities is to familiarize yourself with the … (0 comments)
|
success: Dealing with the Push for Deed-in-Lieu - 06/30/10 01:21 PM
Recently, Bank of America sent out nearly 100,000 solicitations to distressed homeowners offering them a chance at a deed-in-lieu transaction. "Deed-in-lieu" refers to giving the deed to your home to a lender in order to circumvent the foreclosure process. You get to walk away from your home, and the lender declares the debt resolved because you returned the home, your collateral. Many lenders have announced that they will offer a variety of incentives for this type of transaction because it saves them a great deal of time and money in processing costs even though they may take a hit when they … (1 comments)
|
success: Short Sale Strategy: How to Use the News to Your Advantage - 06/24/10 01:08 PM
As a short sale investor, you are probably simultaneously loving and hating the media right now. On one hand, more sellers are aware of and interested in doing short sales than ever before. They are certainly a more "accessible" subject than they have been in the past. On the other hand, more sellers are operating on heightened alert, fearful that any short sale investor that is not planning on personally moving into their home could be a con artist with a scam at heart that could get themselves and the seller into trouble simply by generating a profit. It is a … (0 comments)
|
success: The Weekend Review - 06/21/10 03:16 PM
Short Sale Servicer Changes NameThe commercial and residential mortgage servicer "We Save Homes" is now operating under a new name: Servicers Direct. The company announced that it is "poised to experience significant growth in the specialist mortgage market," one of the main areas of which is short sale processing and negotiations.
Fannie Mae and Freddie Mac Mortgages Will Get Faster Short Sale Response TimeStarting on August 1, 2010, lenders on Fannie Mae and Freddie Mac mortgages must respond within 14 days to requests for short sale approval. It is hoped that the measure will help lenders and homeowners resolve … (0 comments)
|
success: Short Sale Leads in Surprising Places - 06/17/10 03:27 PM
There is certainly no shortage of potential short sale transactions in the current housing market. In fact, according to some estimates, about 1 in every 4 homes for sale is up for short sale. That's 25% of the market! However, with the advent of government programs designed to help homeowners get short sales done in a smooth and efficient manner by working closely with their banks, the short sale process is, for many investors who relied on creativity to get their deals done and sold off to other buyers, becoming more complicated rather than less so. Fortunately, not all properties are … (0 comments)
|
success: Weekend Review - 06/07/10 03:16 PM
Saudi Arabia Allowing Foreign Property Ownership in the Country's First Freehold CitySaudi Arabia's first "freehold" city, called King Abdullah Economic City, will be the first geographic area in that country in which non-Saudi citizens can hold property. The country hopes that this move will help expand the Saudi real estate investing market and create a property explosion to accompany the population explosion that the country has experienced, Emaar Economic City's chief executive officer told NuWire Investor. French and US companies are already scheduled to inhabit space in the area, along with many other foreign investors.
Experts Fear that Fannie … (0 comments)
|
success: Making Sure Your Short Sales Pay Off: A Timely Key to Real Estate Investing Success - 05/12/10 04:09 PM
There has been a lot of negative press about short sales and short sale investors lately. I'm not going to gloss over that fact or pretend it's not out there, because it is. There are a lot of people who are "hanging up" in this business long before it's over, and at a time when analysts and experts around the country are declaring that short sales could literally save lenders, homeowners and the entire housing market from a second serious downslide. So now I'm going to do something a little unusual, but I think you'll get my point in the end. … (0 comments)
|
success: Short Sale Disclosures: Critically Important Tools for Protection - 05/12/10 01:19 PM
Short sales are going to be critical to the recovery of the housing market. With so many homes in foreclosure, banks and homeowners alike are relying on the short sale process to prevent the foreclosure tide from swamping the market and the lenders themselves. However, as short sales are increasingly regulated and the target of more and more media focus, it becomes increasingly important for short sale negotiators - especially if they are real estate investors rather than the next homeowner - to apply stringent rules for full disclosure to their short sale transactions.
Probably the most straightforward way to handle … (0 comments)
|
success: Banks are Facing a Serious Dent in Earnings: Good News for You - 03/22/10 10:42 AM
Thanks to the federal government's good intentions, short sale experts everywhere could find their negotiations going a bit more smoothly in the next couple months. At the very least, you should be able to get someone to answer the phone.
Thanks to programs like HAMP (Home Affordable Modification Program) and HAFA (Home Affordable Foreclosure Alternative), banks are about to be compelled to "eat" a great deal of their outstanding debts. Under these programs - which are presently designed to run indefinitely, even though they are functioning at a huge loss and, according to most experts, are simply stalling the inevitable, banks … (1 comments)
|
success: 3 Fast and Easy Ways to Locate Short Sale Properties - 03/18/10 02:32 PM
With all the media coverage right now about how you can step outside your door, toss a rock and hit 3 homes in preforeclosure, I have noticed that many people – including some of my clients – are eager to “skip over” lead generation lectures to get straight to “the meat” of the short sale transaction: the profits.However, just because there are a lot of deals out there does not mean that they are all good, nor does it mean that it will just be as simple as walking up and knocking on the door – although sometimes, it is. Having … (0 comments)
|
success: HAFA to “Streamline” the Short Sale Process – Until 2012, That Is - 03/16/10 02:25 PM
While in general, when the government starts regulating real estate it tends to indicate coming trouble for real estate investors (just think "seasoning" and experience a cold chill), in the case of the federal government's Home Affordable Foreclosure Alternatives (HAFA) the jury is still out. The regulations are designed to streamline short sale rules and provide incentives and encouragement for borrowers and lenders to work together, hopefully making the entire process less tedious for the homeowners and, theoretically, for the third parties like investors as well.
At first, it sounds pretty good. The seller has access to a preapproved list of … (1 comments)
|
success: Short Sale Tax “Fix” Could Create a New Financial Crisis - 03/16/10 02:22 PM
Real estate investors looking to help homeowners shed their debts - and their homes - via short sale should beware California's "tax fix" for upside down property owners who sell their homes via the now-classic method of working with the bank to get the loan forgiven for less than is owed, given that the seller is no longer the owner of the house.
As tax season looms, homeowners who did the right - but painful - thing and worked out an agreement with their banks or lenders to forgive a portion of the debt via short sale are finding that their … (0 comments)
|
success: The Secret to Success in Any Area That Real Estate Investors Cannot Afford to Neglect - 02/21/08 08:40 AM
You probably have - or used to have - a co-worker like Jonathan. He's not really that remarkable. Maybe he spent a couple of years in college, maybe he dropped out before he finished. He's average looking, kind of quiet and doesn't really stand out in a crowd. In fact, you're fairly certain that you're much more knowledgeable than him about your mutual interests and business, and yet, the other day, you and he were talking about your common interests in real estate investing, and it turns out that he's been involved in it for 6 months and has done as … (1 comments)
|
success: OFTEN IMITATED — NEVER DUPLICATED - 01/24/08 10:06 AM
Dear StudentI've had the privilege to teach short sales to over 20,000 people in the last 8 years. During that time I personally managed to purchase more than 350 houses from people facing foreclosure. And our team continues to do so every day. This real life momentum has spawned thousands of successful students, and dozens of new short sale experts, who now teach the business while running their own powerful house buying businesses. I'm darn proud of this legacy.The techniques and strategies you'll find embedded in our seminars and information products on this site were at one time proprietary to only … (1 comments)
|
success: Are You Doing Anything Exciting For Christmas? - 12/18/07 11:53 AM
During my flight back from Fort Lauderdale, after my last lecture on Foreclosures for 2008, I was asked "Are you doing anything exciting for Christmas?" What constitutes exciting? If finances aren't a consideration, you can pretty much travel to any destination, not worry about what you're spending or suffering the consequences of being away from your business.
My wife Sofia and our daughter Allie and I have had some amazing trips in the last several years. Our Preforeclosure business has always been good to us. On December 21st, we'll have a closing that should net us just under $150,000...not a bad … (0 comments)
|
success: Mortgage Meltdown Part One - 12/18/07 11:16 AM
Usually on Saturday's when I'm not traveling, I have to wake up at 6:00 a.m. to catch one of my favorite shows - High Net Worth. This show profiles entrepreneurs, and how they make their fortunes, and of course what they spend their money on. Mostly all of the entrepreneurs have made their money in real estate, whether it was luxury 100 room boutique hotels, time shares, you name it... One Billionaire, who owns three of the larges time share companies, is building a 90,000 square foot house with 20 kitchens and 30 bathrooms. Another is launching a prototype hotel in … (0 comments)
|
success: Market to Market Real Estate - 12/06/07 12:56 PM
Market to Market Real Estate
The glut of foreclosed properties is causing problems for those wanting to sell their homes. It's a good buyer market right now but as far as selling...it's problematic. From July through September of this year, California alone reported one foreclosure filing for every 88 households.With homeowners facing pre-foreclosures and bank-owned or foreclosed on the rise, nationwide, the American dream of owning a home is being pulled out from under the feet of families from all walks of life. Foreclosures were up 41 percent during 2007's first six months compared to the first half of last year.With … (0 comments)
|
success: The Good, Bad and Pre-Foreclosure - 12/04/07 08:51 PM
Just because the housing market is horrible for some and great for others does not mean there are capital gains opportunities in high-yielding Real Estate Investment Trusts (REITs) for everyone. While the idea of making money is good, foreclosure investing might seem appealing but there is a downside. In many cases, foreclosure buyers are seen as the vultures of the real estate world, profiting from others' misfortunes. "There is well a deserved stigma associated with this from the old school of thought, If done honestly and professionally, the process can be a win-win for both buyer and seller.
What is a pre-foreclosure … (0 comments)
|
|
|
|
|
|
Jeff Kaller
Saint Augustine,
FL
More about me…
FreeShortSaleCourse.com
Office Phone: (800) 606-1250
Email Me
 Links
Archives
|
;)
;)
