Why Lenders are Having Difficulty Foreclosing
Lenders are having difficulty foreclosing on property. The root cause of the problem lies in the loan paperwork completed by the borrower at the time of origination. These vitally important documents are beginning to show up missing, executed incorrectly, lacking originals or lost through the process of the packaging and selling bundles of these loans and/or ... [Read more]
Where the Money is in Foreclosures
With most markets flooded with foreclosures, many investors have tried very hard to cash in on bank owned properties and REOs, only to come up empty handed. As you’ll discover on this week’s investing report, there’s money to be made in foreclosures but you have to be looking in the right places. You’ll learn where to find the great foreclosures deals in this current ocean of... [Read more]
How to Invest in a Changing Real Estate Market
We are currently in the midst of a rapidly changing real estate environment and many investors are grasping for tools and ideas on how to navigate these new transitions in the marketplace. In this week’s investing report, you’ll discover the optimal way to position yourself so that you can not only survive, but thrive as the real estate undustry undergoes drastic changes. Plus, you’ll... [Read more]
Long Distance Deals
In this week’s investing report, you’ll discover the secrets to long distance deals and how you can make a fortune on properties that are NOT in your own backyard. The majority of investors we speak to across this country do not need to look any further for an investing opportunity than their own sphere of influence. It seems like everyone has a friend, co-worker or acquiantance right... [Read more]
Short Sales & Foreclosures on the Rise
Welcome to this week’s investing report.  In this quick snapshot, you’ll gain insight as to what is happening in the market right now and where the BIG money is being made. PLUS, you’ll discover the most important actions you should be taking to be cashing in on the greatest short sale and foreclosure boom the world has ever seen (and how you can help people along... [Read more]
Short Sales Up 600%
WASHINGTON DC – Freddie Mac just released information indicating that short sales are up 600% from just 2 years ago. This statistic is remarkably powerful considering that 2008 was a record year for short sales. As anticipated (and predicted by this author), short sales continue to rise at astonishing rates. Anyone NOT investing in short sales is missing out on a gigantic portion... [Read more]
Bank of America Short Sale Deficiency Policy Change?
Has mortgage servicing behemoth Bank of America clearly defined their policy on how they handle the short sale deficiency? When a short sale is complete, the loss the bank experiences, also known as the short sale deficiency, has always been a very dicey subject. “What happens to the difference?” is the most common question a borrower asks prior to attempting a short sale. And for... [Read more]
How to Work with Agents
One the most in demand concepts in real estate investing is how investors should work with agents. This memorial day weekend, I would like honor those military men and women who have served this country, protected our great nation and preserved the freedoms most of us take for granted by providing free access to an excerpt from my soon-to-be-released all in one real estate investing system. Since... [Read more]
Your Mortgage: When to Walk Away
A very reputable publication, the San Francisco Chronicle, recently posted a story on their website that is a true sign of the times; “Your Mortgage: When It’s Time to Walk Away.” Wow. Only in America. This comes on the heels of a new government initiative to incentivize and streamline short sales. The new HAFA (Home Affordable Foreclosure Alternatives) program is scheduled... [Read more]
50% of Home Sales are Distressed Properties
Nearly 50% of all home purchases are distressed properties, either a foreclosure or a short sale, according to the latest Campbell/Inside Mortgage Finance Monthly survey of real estate market conditions. What is so fascinating about this finding is that just a few months ago, in November of 2009, this figure was 37%. What has caused this rapid rise in distressed properties and what... [Read more]
Me and Robert Kiyosaki
ORLANDO, FL – It was quite an honor to be asked by the folks at Rich Dad to speak on the subject of Short Sales and Foreclosures at their Annual Forum last week. It was four days of 12 hours a day intense real estate investing education. I feel like I met and spoke with just about everyone of the more than 1000 people in attendance in that 96 hour period. What I learned... [Read more]
Trouble on Brian Austin Green’s Homefront
Actor celebrity Brian Austin Green (Former 90210 star and now dating screen siren Megan Fox) is selling his home on a short sale. He purchased the home at the height of the market in 2006 for nearly $2,000,000 borrowing almost the entire purchase amount which created a monthly mortgage payment of nearly $70,000 per month. Can you imagine servicing a debt load of that size? Apparently it was too much... [Read more]
Embarrassing Short Sale
You’re not going to believe which organization just had to sell their headquarters building on a short sale. This is so embarrassing. Ready for this? The Mortgage Banker’s Association. No, this is not a joke. The Mortgage Banker’s Association (MBA), sold its Washington, DC headquarters building on a short sale for $41.3 Million, a little more than half the... [Read more]
Bank Hiring Surge
Banks across America are mounting a hiring surge right now. Why? They are gearing up for what lies ahead…more defaults, more short sales and more foreclosures. Collectively, the big 4, including Bank of America, Chase, Wells Fargo and Citi have recently added over 17,000 new employees to their payroll to help manage the volume of loan modification and short sale requests as... [Read more]
FHA Waives 90 Day Title Seasoning Rule
FHA Waives 90 Day Title Seasoning Rule HUD announced Friday that the 90 day title seasoning requirement on FHA, Fannie Mae and Freddie Mac loans will be waived beginning February 1, 2010 for one year. This is the greatest news to hit the real estate investing world in the past 20 years. I’m sobbing from jubilation, trying to wipe back the tears as I type.  (And you should... [Read more]
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