You Are Now Paying Your Unemployed Neighbors Mortgage!
Posted on 13. Aug, 2010 by Patrick Precourt in Business, Investment, Preforeclosure, Real Estate, Short Sales
(No Ratings Yet)Did I get your attention?
Good, because that is the latest thing that our tax dollars are going to be paying for. The program is called the Emergency Homeowner Loan Program and is going to cost us $3 Billion Dollars. Doesn’t it make you think… “Why I am working so hard?” or “Why didn’t I over leverage my house because I could have gotten bailed out?” Listen in as I cover this hot topic and also the truth behind whether you can sell a property with owner-financing now that the SAFE Act has passed. We will also cover whether you can short sale a property when the homeowner files Bankruptcy, whether or not you can “assign” or “flip” an REO (a bank owned property), plus how to track down a mortgage that was assigned from one lender to another and much more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!
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Scott @ NOVA Negotiators
14. Aug, 2010
On the question about a “lost second trust” by Bank of America. I had a deal last year that this exact thing happened and it was impossible to find out from BofA where it went. After spinning my wheels for a month with BofA,it turned out that there was mortgage insurance on the second so I contacted the MI Company and it was them who had paid off the claim. I negotiated that debt sucessfully and it did close. So I would suggest trying to find out if there was MI on that second and go from there.
Ben Roembke
16. Aug, 2010
His agenda is simple… People don’t want to believe his own words.
“I think when you spread the wealth around it’s good for everybody.”
-Barack Obama
Alex Rahman
16. Aug, 2010
Patrick,
I believe whole heartedly that the government give away to the banks is a scam by Geithner to further enrich the banks. Now what is the remedy for creating jobs? Offshore them to China like we did for the last 10 years and then give the companies that do that Tax breaks and incentives? Seems to me we need to start manufacturing things here again.- What business are you and I in? We are in the “service business”, and information business.-
Interesting Conundrum eh? LOL.