As everyone is well aware of, our economy is not in the best place at the moment. In order for it to be able to recover, it will require money to start flowing freely through it. Part of how that can be accomplished is when more money is spent on various goods and services. Every [...]
By Bob Lachance
If you visit agent blogs or discussion threads you will no doubt run into controversy about whether or not real estate agents should work with investors to buy and resell short sale properties. There is a crowd of agents that do not understand and will always refuse saying that the process violates an [...]
“If you’re honest with yourself and truly looking for answers, dig in and enjoy. If you’re looking for excuses don’t waste your time — it won’t help.”
– Patrick Precourt
This article was written for and published on www.ShortSaleMedia.com and on www.RealEstateBusinessMentors.com.
Why doesn’t everyone have everything they want out of life? Why don’t they have everything [...]
By Amy Ransdell
First, let’s all acknowledge the elephant in the room…according to the National Bureau of Economic Research we have been in an official recession since December 2007 that will likely be considered the longest and likely to exceed the reach of the last three “mini” recessions. With the combination of massive government spending, [...]
With the amount of over debted properties that are running rampant in today’s real estate business, real estate agents and real estate investors alike are swamped and need help! The kind of help I am referring to is assistance with negotiating those over debted properties, also called short sales. This is now a big business [...]
In today’s real estate investing industry there are so many so-called “Gurus,” whether they are real estate agents or platform speakers, which are teaching the niche of short sale investing the wrong way! One of the things that they often fail to hit the mark on is the issue of when to list a property [...]
Foreclosing banks lose everything!
By Bob Lachance
If I were to ask you what you thought was one of the biggest causes of short sales failing, what would you guess? No buyers? A high BPO or appraisal? While those challenges can certainly kill a short sale, they usually aren’t the leading causes. Perhaps the biggest mistake we [...]
By Amy Ransdell
There are a lot of hopeful reports floating across the media that point towards housing recovery. The National Association of Realtors reported that the Pending Home Sales Index jumped in April by the most in more than seven years. The pace of job loss significantly slowed in May, housing sales are up and [...]
In today’s real estate environment, it seems like everything that is either bought or sold is a short sale. With a successful short sale comes a host of other sometimes unknown things; two of them being either a potential deficiency judgment or tax liability to the seller. When it comes to determining how these two [...]
Okay, so you are purchasing a short sale property and would like to resell the property fairly soon after acquiring it. But, you are having difficulty finding a lender for your re-sale buyer that will finance the transaction due to the title having very little or maybe no seasoning.
Whether you are a licensed real estate [...]