Friday Coffee Break» Business http://fridaycoffeebreak.com Weekly Preforeclosure Updates from Patrick Precourt Mon, 24 Oct 2011 22:12:11 +0000 en hourly 1 http://wordpress.org/?v=3.3 WAKE UP AMERICA! The single biggest THREAT to the real estate industry EVER! And why we should SHUT UP about this moron burning the Koran http://fridaycoffeebreak.com/topics/real-estate/wake-up-america-the-single-biggest-threat-to-the-real-estate-industry-ever-and-why-we-should-shut-up-about-this-moron-burning-the-koran/ http://fridaycoffeebreak.com/topics/real-estate/wake-up-america-the-single-biggest-threat-to-the-real-estate-industry-ever-and-why-we-should-shut-up-about-this-moron-burning-the-koran/#comments Thu, 09 Sep 2010 18:13:04 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=640 So you say you don’t get involved in politics? If you are a real estate agent, a real estate investor, make a living that is any way tied to real estate, own a house, want to buy a house or you’re a tax payer. Then it’s time to GET INVOLVED!!!!

I’m going introduce to you the concepts behind the New Cap and Trade Bill that is effortlessly sliding through the legislative process as we speak and if it becomes law, will officially be the largest single most damaging laws EVER passed as they relate to the real estate industry and our economy as a whole.

Listen in as I cover this potentially damaging topic and also my take on why we should just SHUT UP about this moronic pastor down in Florida threatening to burn a copy of the Koran. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visitwww.PropTrackr.com for more info.

]]> http://fridaycoffeebreak.com/topics/real-estate/wake-up-america-the-single-biggest-threat-to-the-real-estate-industry-ever-and-why-we-should-shut-up-about-this-moron-burning-the-koran/feed/ 3 How a Seasoned Investor CAN get out of a Steady Funk http://fridaycoffeebreak.com/topics/real-estate/how-a-seasoned-investor-can-get-out-of-a-steady-funk/ http://fridaycoffeebreak.com/topics/real-estate/how-a-seasoned-investor-can-get-out-of-a-steady-funk/#comments Thu, 05 Aug 2010 22:01:25 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=613 Being in real estate investing for the past 12 years, I understand how it feels to get stuck in what seems to be the deepest pile of “quick-sand” there is; the grind, the challenges, the successes and the failures! Listen in as I go over how to overcome being in a steady “funk” and the best strategy to use when faced with this sometimes overwhelming feeling. Also, listen in as we cover whether or not we can get every lender to issue a 100% forgiveness of debt on every one of our short sale properties, whether or not it is common for MI (Mortgage Insurance) companies to disallow a contract because the buyer is an LLC, the best way to fund all of your deals, whether or not lenders are actually selling “notes” on defaulted properties, and more. Visit www.fridaycoffeebreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises!

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit www.PropTrackr.com for more info.

]]> http://fridaycoffeebreak.com/topics/real-estate/how-a-seasoned-investor-can-get-out-of-a-steady-funk/feed/ 2 What Is Your “Fiduciary Responsibility” When You Are Both An Agent And Investor? http://fridaycoffeebreak.com/topics/real-estate/what-is-your-fiduciary-responsibility-when-you-are-both-an-agent-and-investor/ http://fridaycoffeebreak.com/topics/real-estate/what-is-your-fiduciary-responsibility-when-you-are-both-an-agent-and-investor/#comments Fri, 28 May 2010 03:13:18 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=541 Investing in today’s real estate market has so many perks it would take me a book to write them all! However, it does not come without its many challenges and one of them comes when you wear more than one hat; one as an investor and one as a licensed real estate agent! Listen in as I cover what your direct fiduciary responsible is to your client when you are both (it’s a fine line so beware!)We also cover when FHA’s short sale clock starts when negotiating a short sale, how to prevent buyers from walking on your short sale transaction, whether Freddie Mac’s anti flipping article is effecting our investing industry, the best way to get pitch your short sale services to real estate agents and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Take a 14 day trial of PropTrackr – our very own Short Sale Management Software!

]]> http://fridaycoffeebreak.com/topics/real-estate/what-is-your-fiduciary-responsibility-when-you-are-both-an-agent-and-investor/feed/ 1 How Long After a Short Sale Can a Lender Go After Me for the Difference? http://fridaycoffeebreak.com/topics/real-estate/how-long-after-a-short-sale-can-a-lender-go-after-me-for-the-difference/ http://fridaycoffeebreak.com/topics/real-estate/how-long-after-a-short-sale-can-a-lender-go-after-me-for-the-difference/#comments Fri, 16 Apr 2010 08:27:08 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=510 Don’t you feel like it seems like the short sale game is changing on a daily basis? One day the government comes up with a new program that states our sellers are not liable for the tax portion of the forgiven debt only to find out that again they wasted the Tax Payer’s money (our money) because only a tiny pool of homeowners actually qualify! Listen in as I go over how long after a short sale transaction that a lender can go after our clients (the homeowner(s)), what to do when you are negotiated a short sale only to find out the lender requires the property be listed by a licensed real estate agent, the best place to find money today to finance our deals, and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Be sure to check out our brand new real estate management application, PropTrackr and take a free 14 day trial!

]]> http://fridaycoffeebreak.com/topics/real-estate/how-long-after-a-short-sale-can-a-lender-go-after-me-for-the-difference/feed/ 1 Can A Homeowner Do A Short Sale If They Are Current? http://fridaycoffeebreak.com/topics/real-estate/can-a-homeowner-do-a-short-sale-if-they-are-current/ http://fridaycoffeebreak.com/topics/real-estate/can-a-homeowner-do-a-short-sale-if-they-are-current/#comments Fri, 09 Apr 2010 05:32:57 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=504 There is a lot of misinformation in today’s real estate world and one of the biggest ones revolves around the question of whether or not a lender will take a short sale or discount their total amount owed to them when a homeowner is current on their mortgage. Make sure you listen in as we uncover what lenders are doing today as opposed to last year, the best ways to create monthly cash flow while being a short sale investor, the inside tricks to “Managing a BPO” so you get your desired outcome, whether or not a lender can tell a seller what he or she “has” to list their property at and much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

]]> http://fridaycoffeebreak.com/topics/real-estate/can-a-homeowner-do-a-short-sale-if-they-are-current/feed/ 4 What the “HAFA” is This New Government Short Sale Program All About? http://fridaycoffeebreak.com/topics/real-estate/what-the-hafa-is-this-new-government-short-sale-program-all-about/ http://fridaycoffeebreak.com/topics/real-estate/what-the-hafa-is-this-new-government-short-sale-program-all-about/#comments Sat, 20 Feb 2010 02:38:13 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=481 Will the sweeping changes coming in April 2010 regarding the HAFA short sale program affect your real estate business? It might! Make sure you listen in as I uncover what the program is, how it will affect what you do today and the real truth behind it.  We also cover how you overcome the objection by realtors regarding deficiency judgments for a NON-primary residence,  how the government wants to take away one of our exit strategies and how we sell our properties, how to correctly implement your online presence, and much more.  Visit www.FridayCoffeeBreak.com for more real estate videos from North Shore Enterprises.  You might also want to check out the Short Sale Bootcamp coming up in March down in Orlando, FL by visiting www.ShortSaleBootcamp2010.com.


]]> http://fridaycoffeebreak.com/topics/real-estate/what-the-hafa-is-this-new-government-short-sale-program-all-about/feed/ 1 The Biggest Advantage to Having Your Own Loss Mitigation Company http://fridaycoffeebreak.com/topics/real-estate/the-biggest-advantage-to-having-your-own-loss-mitigation-company/ http://fridaycoffeebreak.com/topics/real-estate/the-biggest-advantage-to-having-your-own-loss-mitigation-company/#comments Thu, 14 Jan 2010 23:28:26 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=453 On this week’s Friday Coffee Break we cover one of the biggest questions that any real estate short sale investor has when deciding how to set up their business. Questions like: Do I set up a separate loss mitigation company to negotiate with lenders and Do I put my short sale offer into the lender with my personal name on it, etc, etc. Listen in as we also cover, what Freddie Mac’s short sale timelines are in non-judicial states, what to do with rents when the seller is in foreclosure so you don’t commit fraud, why managing seller expectations is our responsibility and much, much more!  Check out the rest of our educational real estate videos on www.FridayCoffeeBreak.com and visit www.ManageMyShortSale.com to take advantage of the best online short sale management tool available.

]]> http://fridaycoffeebreak.com/topics/real-estate/the-biggest-advantage-to-having-your-own-loss-mitigation-company/feed/ 3 53 Year Old With No Credit But a Ton of Passion: Where Do I Start? http://fridaycoffeebreak.com/topics/real-estate/53-year-old-with-no-credit-but-a-ton-of-passion-where-do-i-start/ http://fridaycoffeebreak.com/topics/real-estate/53-year-old-with-no-credit-but-a-ton-of-passion-where-do-i-start/#comments Fri, 13 Nov 2009 01:27:29 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=428 What would you do if you were 53 years old with no credit and no money, but had an intense burning desire to become extremely successful? Listen in as we go over the most important things to focus on to achieve your goals. Also listen in as we go over  what to do when a 2nd lien holder tells you that their debt has been charged off, what a ‘Lender Structured Deed-in-Lieu’ is and how it shows up on your credit report, what to disclose to your C Lender when you are short saling and reselling a property  and much more.  Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

]]> http://fridaycoffeebreak.com/topics/real-estate/53-year-old-with-no-credit-but-a-ton-of-passion-where-do-i-start/feed/ 1 Another Title Company is Shutting the Door on Double Closings! Go Figure! http://fridaycoffeebreak.com/topics/real-estate/another-title-company-is-shutting-the-door-on-double-closings-go-figure/ http://fridaycoffeebreak.com/topics/real-estate/another-title-company-is-shutting-the-door-on-double-closings-go-figure/#comments Fri, 09 Oct 2009 00:26:31 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=400 As I have been saying for the last year, this industry is changing so you better stay connected! Another Title Company is now closing their doors to same day closings… Listen in as I tell you who it is. I also cover whether or not banks will be forced to pay a loss mitigation fee to licensed debt negotiators, whether or not more lenders are taking the “I don’t care approach” to allowing seller concessions on short sales and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos.

]]> http://fridaycoffeebreak.com/topics/real-estate/another-title-company-is-shutting-the-door-on-double-closings-go-figure/feed/ 6 How to Clear Up Title When A Prior Investor Screws Up A Short Sale Deal! http://fridaycoffeebreak.com/topics/real-estate/how-to-clear-up-title-when-a-prior-investor-screws-up-a-short-sale-deal/ http://fridaycoffeebreak.com/topics/real-estate/how-to-clear-up-title-when-a-prior-investor-screws-up-a-short-sale-deal/#comments Fri, 26 Jun 2009 18:08:07 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=274 When dealing with unscrupulous “uneducated” investors just know that they often times screw up deals! Listen in as I go over how to clean up titles after an investor transfers a property into a Land Trust then takes the property subject to the existing mortgage and then defaults on the mortgage! In this video I also cover when our national loan modification program will be rolling out, what the term “points” refers to when using hard money, what title companies still insure double closings, the best way to approach a real estate brokerage to get their business and much more… visit www.FridayCoffeeBreak.com for more real estate specific videos.

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