Friday Coffee Break» loss mitigation

The Truth About Whether Or Not The REO Market Is A Waste Of Time!

Patrick Precourt — Fri, 04 Jun 2010 15:13:58 +0000

Buying and holding, buying and rehabbing or buying and wholesaling REO properties has been an absolute craze with today’s top Real Estate Guru’s… The questions that I always get are: Are the Guru’s right, are they wrong, does it work, are they full of crap, etc? Listen in to today’s Friday Coffee Break to see the facts and what the real truth is… Also listen in to find out whether or not you can subdivide a property in default; then short sale one parcel and keep the other free and clear, whether or not, on an “A” to “C” transaction, a property should be listed with the “A” Seller (as Seller) rather than “B” Investor (as Investor) so the bank pays the Realtor commissions, whether or not there is a fiduciary responsibility conflict with being an agent and the investor when doing the A to B and B to C closings with short sales, whether or not you need to get short sale documents from an estate when the subject property is over-debted and more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

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The Biggest Advantage to Having Your Own Loss Mitigation Company

Patrick Precourt — Thu, 14 Jan 2010 23:28:26 +0000

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.

What Short Sale Disclosures You Should Put On Your Purchase and Sales Agreements to Satisfy Everyone!

Patrick Precourt — Fri, 08 Jan 2010 04:19:50 +0000

On this week’s Friday Coffee Break we cover some exciting questions and one in particular that will give you new insight on what disclosures you should put on your purchase and sales agreements to satisfy not only a foreclosing lender but the end buyers Title Company. Listen in as we if there is any way to convince a Real Estate Agent, who is representing both the buyer and the seller, to let you control the deal, how you deal with a non cooperating BPO agents and appraisers, when and where our upcoming Short Sale Event will be held, what solutions there are for the 30 day funding issue, if a Real Estate Broker can be part of an LLC that is buying a short sale to flip without disclosing it and much much more! Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

The Real “Facts” About End Buyers Lenders and the 90 Day Seasoning Requirements!

Patrick Precourt — Thu, 22 Oct 2009 19:58:33 +0000

We have been getting bombarded lately with questions about which end buyers lenders will write a loan without a 90 day seasoning requirement! Listen in as we go over the facts and the fiction of this “hot” topic. Also listen in as we go over how Obama’s new national short sale program will or will not affect the BPO or valuation process, whether or not a license will be required in each state in order to do loss mitigation work, whether or not you can get a business line of credit when you have bad credit and much more. Visit www.FridayCoffeeBreak.com and www.ShortSaleDailyNews.com for more real estate specific videos and articles.

How to Get An IRS Lien Released From An Over Debted Property

Patrick Precourt — Fri, 31 Jul 2009 03:43:14 +0000

When you are dealing with properties that have IRS liens there are certain things that need to be done. Listen in as a talk about what to do to get the lien released. I also cover whether or not there is a problem when you are making an offer on a short sale property where your spouse is the listing agent, whether or not I can get a loss mitigation fee as the buyer, whether or not a charged off lien can get short saled and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

If you missed our Loan Modification call on Wednesday night, click here to watch the replay!

Purchase and Sales Agreement Vs. The Option Contract

Patrick Precourt — Fri, 10 Jul 2009 04:13:59 +0000

The talk continues on the Purchase and Sale Agreement versus the Option Contract! Listen in as we go over the correct language and disclosure you should put in your purchase and sales agreement, if a memorandum of an option contract will affect seasoning requirements, how to set up an escrow account to collect a loss mitigation fee, are homeowners association dues negotiable and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

How to Start a Real Estate Company If You Are a Brand New Investor!

Patrick Precourt — Fri, 19 Jun 2009 07:23:43 +0000

Not knowing where and what niche to get into is a very frustrating thing in today’s real estate world! Listen in as I go over how to get started, what to focus on and what NOT to focus on! In this video you will get the answers to those questions. This video will also show you how to find a property owner that vacated their home, whether or not we get our loss mitigation fee paid on the HUD1, The best way to line up an end buyer financing on a back to back closing and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

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