Friday Coffee Break» sale 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 You Are Now Paying Your Unemployed Neighbors Mortgage! http://fridaycoffeebreak.com/topics/real-estate/you-are-now-paying-your-unemployed-neighbors-mortgage/ http://fridaycoffeebreak.com/topics/real-estate/you-are-now-paying-your-unemployed-neighbors-mortgage/#comments Fri, 13 Aug 2010 17:15:21 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=623 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!

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/you-are-now-paying-your-unemployed-neighbors-mortgage/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 Beware Of The “Hawkers!” Research Your GURU Before You Invest In Their Education http://fridaycoffeebreak.com/topics/real-estate/beware-of-the-hawkers-research-your-guru-before-you-invest-in-their-education/ http://fridaycoffeebreak.com/topics/real-estate/beware-of-the-hawkers-research-your-guru-before-you-invest-in-their-education/#comments Thu, 10 Jun 2010 21:38:24 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=563 I get comments, on a daily basis, about new real estate investors being so confused on who they should be listening to; reason being is that every so-called “Expert” seems to be touting the next “cutting edge” idea that will CHANGE the real estate industry. I will tell you what, it’s all a bunch of crap!  Listen in as I tell you what to look for and what to do before you invest one red cent into an “online educator.” Also listen in to find out if short sale investing is a great place to start your real estate investing career, where to find out how to get HUD-1 settlement statement training, why you should be wary of who funds your short sale transactions, how to assign a short sale contract and get paid,  whether or not you have to be behind on your mortgage to qualify for a loan modification and more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and North Shore Enterprises.

Take a 14 day trial to PropTrackr — the newest, most cutting edge real estate management platform designed by North Shore Enterprises!

]]> http://fridaycoffeebreak.com/topics/real-estate/beware-of-the-hawkers-research-your-guru-before-you-invest-in-their-education/feed/ 1 Is It Fraud If You Flip a Successful Wells Fargo/ASC Short Sale? http://fridaycoffeebreak.com/topics/real-estate/is-it-fraud-if-you-flip-a-successful-wells-fargoasc-short-sale/ http://fridaycoffeebreak.com/topics/real-estate/is-it-fraud-if-you-flip-a-successful-wells-fargoasc-short-sale/#comments Sat, 22 May 2010 03:39:04 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=546 Flipping short sale properties is an incredible way to make money in today’s’ real estate investing world, however flipper beware! What I mean by that is beware of the coveted short sale acceptance letter and how it is written. Too many time I see banks try and slip in some sly verbiage that would make flipping a short sale practically “illegal!” Listen in as I not only cover this “hot” topic but I also cover whether or not you have to file a DBA (doing business as) of your LLC with every different county where a short sale you are negotiating is located, if a Land Trust still works in today’s preforeclosure business, when a homeowner is supposed to send in their house payment while the new HAFA short sale process is going on, how and where a new investor should begin their investing career, what to do when a banks loss mitigator will not update their notes when you call to check on the status of the short sale and more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt.

Ready to take your real estate business to the next level? Take a 14 day trial of PropTrackr — the newest and easiest real estate management platform online!

]]> http://fridaycoffeebreak.com/topics/real-estate/is-it-fraud-if-you-flip-a-successful-wells-fargoasc-short-sale/feed/ 0 Are Short Sale Flips Illegal? Freddie Mac May Think So! http://fridaycoffeebreak.com/topics/real-estate/are-short-sale-flips-illegal-freddie-mac-may-think-so/ http://fridaycoffeebreak.com/topics/real-estate/are-short-sale-flips-illegal-freddie-mac-may-think-so/#comments Fri, 30 Apr 2010 03:44:56 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=517 On this week’s Friday Coffee Break Patrick Precourt digs into the latest Freddie Mac article that states that flipping short sales is fraud! If you are investing in short sale properties or planning on it you will not want to miss this week’s Friday Coffee Break! Does this article mean that our short sale investing careers are over or it just another “blown out of proportion” Enquirer type printing? Listen in as we cover this hot topic and also how to correct write a contract so a short sale lender doesn’t ask you for your LLC’s Articles of Incorporation, where our “investor opportunity” is in the new HAFA program, how the IRS treats forgiven debt, and much more. Visit www.FridayCoffeeBreak.com for more real estate specific videos.

Take a 14 day trial of PropTrackr — a brand new real estate management platform from North Shore Enterprises!

]]> http://fridaycoffeebreak.com/topics/real-estate/are-short-sale-flips-illegal-freddie-mac-may-think-so/feed/ 4 In Real Estate Winners Never Quit and Quitters Never Win! Which One Are You? http://fridaycoffeebreak.com/topics/real-estate/in-real-estate-winners-never-quit-and-quitters-never-win-which-one-are-you/ http://fridaycoffeebreak.com/topics/real-estate/in-real-estate-winners-never-quit-and-quitters-never-win-which-one-are-you/#comments Fri, 12 Mar 2010 07:34:21 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=494 In the real estate business quitting or even thinking of quitting is NOT an option! Time and time again I hear too many investors making some sort of excuse! (I am waiting to start because… I can’t do this because… I need to get more educated because…). If you take action and keep pushing through the hurdles you face on a daily basis you will have no other choice but to succeed! Listen in as I not only talk about this ever common business challenge, but I also cover how to weed through all the “GURU’s” on the Internet and which ones to follow, how to deal with a Realtor that is demanding a big deposit on a short sale listing, my opinion on Toxic Assets and what they are and much more.

Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt of North Shore Enterprises.  Join us down in Orlando on March 25th-28th!  Learn more at www.ShortSaleBootcamp2010.com!

]]> http://fridaycoffeebreak.com/topics/real-estate/in-real-estate-winners-never-quit-and-quitters-never-win-which-one-are-you/feed/ 4 With the “Updated” FDIC Loss Share Agreements: What’s the Future for Short Sales? http://fridaycoffeebreak.com/topics/real-estate/with-the-updated-fdic-loss-share-agreements-whats-the-future-for-short-sales/ http://fridaycoffeebreak.com/topics/real-estate/with-the-updated-fdic-loss-share-agreements-whats-the-future-for-short-sales/#comments Fri, 26 Feb 2010 00:12:30 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=488 Lately, we have been getting bombarded with questions about the FDIC Loss Share Agreements and whether or not this will crush the short sale world as we know it. I will tell you this; it will affect our short sale businesses. How much you may ask? Well listen in and I will tackle that “hot” issue! On this week’s Friday Coffee Break, we also cover whether or not using a Power of Attorney over an Authorization to Release information is better, whether the use of an Option Contract creates more confusion then it does good for investors, my read on the “new” FHA suspension of the 90 day seasoning guideline and how it will pan out in reference to our flip transactions and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos from Patrick Precourt and www.ManageMyShortSale.com to learn more about the Short Sale Management tool used by hundreds of other Preforeclosure Specialists!

]]> http://fridaycoffeebreak.com/topics/real-estate/with-the-updated-fdic-loss-share-agreements-whats-the-future-for-short-sales/feed/ 1 When to “Fire” your Seller in a Short Sale Transaction! http://fridaycoffeebreak.com/topics/real-estate/when-to-fire-your-seller-in-a-short-sale-transaction/ http://fridaycoffeebreak.com/topics/real-estate/when-to-fire-your-seller-in-a-short-sale-transaction/#comments Fri, 05 Feb 2010 00:21:28 +0000 Patrick Precourt http://fridaycoffeebreak.com/?p=468 On this week’s Friday Coffee Break we go over the best time to say “thanks” but “no thanks” to your short sale sellers! In the short sale business you will sometimes have to be like Donald Trump and say “YOU ARE FIRED” to your sellers. Listen in as we not only cover this extremely important topic, but we cover the BEST handwritten verbiage to put on a postcard to get a homeowner to contact you over the competition, what sneaky things lenders are now doing when attempting to collect on a deficiency judgment, whether or not you can protect yourself against a seller and their Realtor from pushing you out a deal and much much more. Visit www.FridayCoffeeBreak.com for more real estate videos or www.ShortSaleFlagshipSystem.com to learn more about our Short Sale System!

]]> http://fridaycoffeebreak.com/topics/real-estate/when-to-fire-your-seller-in-a-short-sale-transaction/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.

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