Editors Note: Michal is our newest addition to the Foreclosures.com Team of Investor Coaches. We are thrilled to have Michal available to our clients to share both his single family and multi family foreclosure investing expertise as an instructor in Lab and one-on-one as a Personal Coach. Learn more about Michal HERE
You will not be [...]
Monthly Archives: August 2009
Set Yourself Apart From the Crowd and Get Opportunities Handed to You
August 1, 2009 – 6:03 pm
The Scoop on Hard Money Lenders
August 1, 2009 – 6:02 pm
(Editors Note: Make sure you read Coach Sarah’s article on how to “Interview a Hard Money Lender” Here.)
With the credit markets still way too teight, the majority of my clients come to me asking how they can buy a bank owned foreclosure, without using any of their own cash or credit. Obviously, since the REO [...]
Lenders Shun Unprofitable Loan Modifications
August 1, 2009 – 1:10 pm
As much as we’d like to say Obama’s “Making Home Affordable” plan–and the many new state laws requiring lenders have a loan modification program–is working, it is not working well enough.
A new report from the Boston branch of the U.S. Central Bank warns that servicers have been reluctant to renegotiate mortgages since the foreclosure crisis [...]
Seven Steps to Success
August 1, 2009 – 11:30 am
Discipline yourself to do what you know you need to do to be the very best in your field. Perhaps the best definition of self discipline is this: “Self discipline is the ability to make yourself do what you should do when you should do it, whether you feel like it or not.” It is [...]
All Life Wishes to Reward Its Benefactors
August 1, 2009 – 11:29 am
Parents, leaders, employers, teachers and volunteers: Have you discovered one of the great positive mysteries of life? Here it is: All life seems to wish to reward its benefactors.
For example, instead of saying “What if somebody doesn’t respond” you say, “What if they do respond?” Instead of saying “What if someone says no?” You say, [...]
Don’t Let Junk Stand Between You and Your Wallet
August 1, 2009 – 11:22 am
One of the biggest problems plaguing foreclosure investors is the mountain of junk the previous owner leaves behind. If you do any remodeling, there’s additional mess left behind, or a high cost for the contractor to haul it off. Even storing a dumpster is expensive. Oftentimes, there can be truckloads of junk, and it stands [...]
Partnerships for Real Estate Investing
August 1, 2009 – 11:20 am
Partnerships? Who me? Yes, you. They can be very profitable!
Entering into partnerships can be a very lucrative decision for real estate investors. A partnership’s definition is a “legal relation existing between two or more persons contractually associated as joint principals in a business.” In real estate, partnerships can be used for many applications. If you [...]
U.S. FORECLOSURE INDEX: Foreclosures Drop 11% in 2nd Quarter
August 1, 2009 – 11:19 am
Foreclosures headed downward across the country in the second quarter as bailouts, reforms, and negotiations help strapped homeowners, according the latest U.S. Foreclosure Index from property information specialists ForeclosureS.com.
Nationally foreclosures dropped 11% in the second quarter (205,031) over the first quarter this year, with the rebound in some regions even stronger. In the Northeast, 32% [...]
Title Companies Trim Down Property Profiles in Response to Department of Insurance Letter
August 1, 2009 – 11:18 am
Effective immediately, title companies may be eliminating much of the information they provide on property profiles. The California Department of Insurance recently issued a letter taking the position that title companies may only give the following information on property profiles:
Names of owners of record of a specified real property;
Description of real property; and
Property characteristics as [...]
Miss These Two Taxes and You Could Be Out of Business Fast!
August 1, 2009 – 11:17 am
Take a minute and imagine this. You have a small, local store, stocked with merchandise. In this case, it’s a health food store/metaphysical bookstore. (Okay, maybe a bit of a stretch, but stay with me.) You have a bookkeeper who takes care of paying your bills, doing the payroll for you and your spouse and [...]
