Author Archive
Did You Give Up on Short Sales?
Posted on April 11, 2011 by
“When you are through changing, you are through.” ~Bruce Barton
If you are counting on the past real estate trends and regulations to help you close deals today, that is enough to put you out of business. The short sale industry is changing and if you don’t change, your short sales deals will fall apart. NO CLOSINGS = NO CA$H. For the past couple years, I have watched the short sale industry change on a monthly basis for Investors and Realtors. What worked in the past is not working now; what worked in January 2011 is not working now. Since I am a Real Estate Broker and an Investor, I have had to watch with a keen eye in order to adapt quickly and successfully to the changes.
In order to allow your business to grow and be successful, you must also invest the time to “sharpen the saw” and renew the “mind” of your business………for the sake of your business. The only guarantee we have is that change will always continue. It’s scary and often we want to bury our head in the sand and wait until it passes, but that’s not a choice here. We must arm ourselves with education and turn change from our enemy into our friend. Join us Tuesday evening at 7 PM ET on the Real Estate Junkie Webcast to find out how!
Real Estate Junkie Webcast
Tuesday at 7 PM ET
Real Estate Junkie Live Webcast Starts Jan 11, 2011
Posted on January 11, 2011 byYOU CANNOT WIN TODAY’S BALL GAME,
WITH YESTERDAY’S HOME RUN!
WHAT WORKED IN REAL ESTATE IN THE PAST, ISN’T WORKING NOW…
WHAT DO I DO? HELP!
How many times have you had this conversation in the past year? Almost everything we knew in real estate last year has changed immensely. Yes, it’s changing daily!!! This makes it very challenging to launch successfully in 2011… IF you are not educated! Times are financially tough, but never too tough to neglect education! Remember the saying by Derek Bok, the former president of Harvard University: “If you think education is expensive, try ignorance”
Many of us became ‘seminar junkies’ in hopes that we will become the next Donald Trump or at least better our income. Unfortunately, a seminar junkie spends thousands of dollars driving from bootcamp to bootcamp, but never really earns back the investment or fully understands how to put the education into action. After attending these seminars, we are still are afraid to get going due to the minimal education and direction provided at the seminar or due to the lack of money. Even worse, you may have found out that what you have been doing in the past isn’t working now! 2011 is one of the best years ever to invest in real estate and you can do it with “no money” and “no credit!”
What, you say? HOW???? Watch to our new live Real Estate Junkie Webcast on Tuesday, January 11th (and the first Tuesday of each month) from 7:00 PM to 8PM ET!!
Webcast Tonight: REOs vs. Short Sales. Is the Bank’s Mistake Your Problem or Your Profit?
Posted on October 12, 2010 byWebcast on REOs vs Short Sales is Tonight, Tuesday, Oct 12th, 2010 at 7PM ET.
Did you hear about Bank of America, JP Morgan Chase and GMAC putting the brakes on the foreclosure process? What does all this mean to you as an investor, mortgage broker, realtor or homeowner? First off, the attorneys who were representing the Mortgage Companies have documentation with wrong information. As a Homeowner, it will allow you additional time for work a loan modification or a Short Sale. Just because the Mortgage Companies say stop the foreclosure action for a while, it does not mean the Judge needs to comply. The Court will not automatically stop the foreclosure action unless the attorneys working for the Mortgage Companies file the necessary paperwork. Learn the foreclosure process and understand the foreclosure time line. Check the court docket in your area to keep informed. You will need to make sure that the mortgage companies’ attorney has filed the necessary Motion to delay the foreclosure process. Mortgage Companies don’t always know when their attorney has scheduled a sale date. We had to stop a foreclosure sale on a house we bought and resold many times.
