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Short Sale Title Commitments
Hey, Josh here. I found a good one for you. Want to know one way to stop a deal from blowing up? Watch this. Jeff Watson is trying to explain why title commitments are important, but he’s really just...
0 commentsWorking with Mortgage Brokers
To be successful in short sales you need to give yourself the opportunity to get some deals closed: In other words, you need to have a steady flow of leads and quality cases each month. The trouble is, how do...
1 commentShort Sale Investing: Private Mortgage Insurance (PMI)
Short sale investors at all levels of experience tend to get thrown whenever they come across a deal with private mortgage insurance (PMI). A quick review: PMI is insurance that lenders require from most...
10 commentsThe 700 Billion Dollar Man
The past few days my head has been spinning. If you’re like me, then you’ve probably been reading everything you can get your hands on to understand how we went from Treasury Secretary Henry Paulson’s...
5 commentsWorking Short Sales With A Second Mortgage
As if working with one lender isn't confusing enough, when you throw in two it can compound the time and frustration. It can also be a good thing. If you're a short sale investor, negotiating a second...
7 commentsFannie Mae and Freddie Mac
I remember selling life insurance just out of college and telling prospects that the interest rate on the product I wanted them to buy wasn't going anywhere. I remember saying, "As long as the financial...
6 commentsHow To Do a Short Sale...For Real Estate Investors
With foreclosures on everyone's mind these days, the interest in investing in foreclosures has skyrocketed. Everyone has a book, seminar, or website . . . where were all these "gurus" last year? Most...
7 commentsHow To Do A Short Sale....For Real Estate Agents & Homeowners
Every week I am contacted by more than a few real estate agents who have properties they know aren't going to sell. Many of their listings are overleveraged and in pre-foreclosure. The vast majority of...
11 commentsForeclosure Updates On Fannie Mae, Freddie Mac, & Indy Mac
During the past week we’ve heard a ton about Fannie Mae, Freddie Mac and Indy Mac. Another crisis? Don’t we already have the Iraq War, a resurgent Taliban in Afghanistan, crazy fuel...
4 commentsShort Sales and the FICO Score
It’s not hard to find chatter on the blogs concerning how a short sale or a foreclosure affects a FICO score. Frankly, even if it were the same, the differences between a deficiency judgment and a negotiated...
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