foreclosure investing: Is It True, "The Times They Are A Changin'" - 04/04/08 06:09 AM
Bob Dylan wasn't wrong back in the sixties and once again the "times are a changin". Markets are in a turmoil and turmoil will create opportunity for the observant investor. Your business plan needs to be both dynamic and flexible for you to maintain a success in this business climate.
We have concentrated … (0 comments)
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foreclosure investing: What, They Turned Down My Offer? - 03/12/08 07:41 AM
Have you had perfectly reasonable offers declined by banks and lenders? I sure have.
Richard Geller has written a blog post that is one of the most succinct I have seen about this subject.
I highly recommend that you check it out at http://www.mortgagereliefformula.com/03/11/can-you-really-sell-your-house-in-nine-days/trackback/
I hope you find it useful.
Yours in Success,
Dick Weiss
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foreclosure investing: Where Did All My Business Go? - 03/11/08 02:26 PM
Chances are your real estate investment or brokerage business is not the same as it once was. The real estate business has always been a very cyclical business but it is really changing rapidly these days.
To succeed in today's business environment you need to be very flexible. A died in the … (0 comments)
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foreclosure investing: Day Late A Dollar Short or What Do I Do Now That I Missed The Boom? - 03/06/08 05:20 AM
My last entry covered a bunch of information on how to use your IRA to participate in real estate investing. But, isn't the boom over. No one will invest in real estate in this market.
Well, guess what, the real boom is about to begin. Our illustrious Forth Estate, the media, is … (5 comments)
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foreclosure investing: Short Sales - 5 Ways To Play By The Rules - 02/19/08 06:49 PM
Who do you thing makes he rules when you are doing a short sale? The banks make the rules and you have to play by them. They write them and they can use them against you. But, do you know the rules?
What do you think is going on with the … (1 comments)
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foreclosure investing: Foreclosure Investing - So, How Is Business? - 02/14/08 05:55 AM
I sure hope that it is booming. If it is not you need to sit back and take a good look at both your business and marketing plans.If you are involved in real estate investing, and I assume that you are, this is a perfect time to be an investor. With … (3 comments)
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foreclosure investing: Rescue Me Take Me In Your Arms...... - 02/12/08 09:06 PM
Talk about something being an oxymoron. The Feds have done it again and are proposing a a new rescue plan called “Project Lifeline”. Their plan is to let six of the biggest banks, Bank of America Corp., Citigroup Inc., Countrywide Financial Corp., J.P. Morgan Chase & Co., Washington Mutual Inc. and … (2 comments)
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foreclosure investing: Foreclosure Investing - Finding Your Sweet Spot - 02/10/08 07:14 AM
Foreclosure investing is a lot like tennis and golf in that tennis racquet's and golf clubs both have sweet spots and so does your real estate investing business. Hitting the ball on the sweet spot maximizes your results. Finding your sweet spot in real estate investing will help to maximize your … (5 comments)
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foreclosure investing: The BPO - Your Key To A Successful Short Sale - 01/31/08 07:09 AM
As Paul Harvey would say, "and here is the rest of the story"
Most BPO agents will not reveal the value that was submitted to the lender but if you wait two to three days and contact the BPO agent to check if they need anything else, sometimes you can get a … (2 comments)
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foreclosure investing: Hello It's Me My Name Is.... - 01/29/08 04:52 AM
The BPO agent or appraiser has showed up and you were there to greet him. If the owner is going to be present during the BPO make sure that they keep a low profile and stay inconspicuous. You also need to coach your Seller that if the BPO agent contacts … (1 comments)
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foreclosure investing: Where's The Money - 01/25/08 08:27 PM
This has been a really strange week. My partner and I have been really busy and as a result I have neglected my blog. For this I apologize. We have been busy with some really good REO deals and the reason I am writing this post is to see if any … (0 comments)
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foreclosure investing: Hello, I Am Your Friendly BPO Agent And I Am Here To Help You. -- Maybe! - 01/24/08 03:51 AM
As I mentioned in the previous post, you should arrive about 15 minutes before the person who is going to do your BPO. There are several reasons for this. First, you don’t want to keep them waiting for you and you don't want them going through the property by themselves, particularly … (7 comments)
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foreclosure investing: Investing In Foreclosures - Short Sales -Influencing the BPO - 01/19/08 04:20 PM
Well enough of Chicken Little. I do love to digress from time to time.
Influencing the BPO is the single most important factor in getting your short sale accepted. As a professional real estate investor, you must meet the appraiser or broker at the property. You need to learn how to … (2 comments)
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foreclosure investing: The Decline And Fall Of Practically Everybody...Except Foreclosure Investors (cont.) - 01/10/08 05:58 AM
In the last four to five years the mortgage industry has done a phenomenal job removing a huge percentage of the equity from the American housing market and converted it into three things. Vast amounts of cash, a huge quantity of very poorly underwritten loans and an enormous number of relatively … (0 comments)
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foreclosure investing: Why BPO's Are Critical To Foreclosure Investors - 01/07/08 09:04 AM
BPO? what language is that. Actually it stands for Broker Price Opinion and it is the key to foreclosure investors successfully completing a short sale. Of all the pieces in the short sale puzzle, the BPO is one of the most critical to the foreclosure investor. It will usually determine your … (1 comments)
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foreclosure investing: Happy New Year - 2008 Things Are Changing In Foreclosure Investing - 12/31/07 06:47 AM
It is almost 2008 and it is time to really take a really good look at your foreclosure investng strategy for 2008. I was reading an interesting email today from at realestateinvestor.com. Colin, the administrator of the forum made some reall interesting points about the future of foreclosure investing in 2008. His thoughts indicate … (1 comments)
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foreclosure investing: Utlizing Short Sales in Pre-Foreclosure Investing - 12/23/07 08:50 PM
The longer I work in the foreclosure market the more I am astounded by the degree of success that the mortgage industry had in removing most of the equity form home in the U.S. The amount of money that was injected into the economy though refinancing of existing mortgages and the … (0 comments)
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foreclosure investing: Becomining More Productive In Your Business - Simpleology 101 - 12/21/07 03:25 AM
For many years I have worked on many personal improvement programs and time management programs. I have never found one that produced the results of Simpleology 101. In the three weeks I have been doing the program there has been a remarkable improvment of my productivity. Twice as much is getting … (3 comments)
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foreclosure investing: Foreclousres Filings Up 93% - The Numbers Are In! - 12/16/07 08:22 AM
Finally the November foreclosure numbers are in and they make it clear that if you are going to invest in real estate over the next several years you better get really good at foreclosure investing and short sales.
According to foreclosures.com in the first 11 months of 2007 over 1,082,000 homes entered … (0 comments)
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foreclosure investing: Buying Forclosure Property - "Subject to" - 12/13/07 05:55 PM
My favorite method to purchase foreclosure property is "subject to" the underlying mortgage. This method works even better if you don't have to bring the loan current but are able to get the seller a forbearance agreement or better yet a loan modification from the lender. If you do this it does require that the seller give … (1 comments)
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