On this weeks Preforeclosure Tip of the Week we cover how a 3rd party loss mitigation specialist can “now” negotiate Bank of America short sales on Equator.com. We also cover what a BofA Short Sale Welcome Letter is,how it affects your deals and more
Duration : 0:8:56
Michael Ochoa is a San Antonio Real Estate Broker who specializes in Short Sales. Here are some great tips from him to you on how to increase the chances of a homeowner’s ability to do a short sale — and how to negotiate with the bank.
1. Prepare the necessary documentation including:
o Two years of tax returns
o Current paycheck stubs
o Unemployment benefit statement (if unemployed)
o and your Last two bank statements
2. Sign a listing agreement with the Realtor who specializes in short sales
3. List the property for sale
4. Cooperate with access, showings, offers, and the Realtor
5. Vacate the home following the close of title
6. Be responsible to maintain the home in “show” condition, and
7. The Realtor must cooperate with the lender and negotiators and provide all requested documentation.
Ochoa also states “there are basic requirements for a Short Sale to even be considered”.
They are:
· Little to no equity in the property
· Three months delinquency
· Already established pre-qualified buyer
· Proof of a financial hardship
· An appraisal showing depreciation of value
But first and foremost you need an expert who specializes with lenders and speaks the same language in order to communicate effectively and represent your best interest. Remember if you or someone you know are facing foreclosure, please call ASAP at 1-800-635-9110 in order to get help.
Duration : 0:1:30
http://The-Flip-Man.com – The Flip Man
http://Junkers101.com, I will personally Teach & Mentor you on How to Flip Houses with no credit or cash. Enjoy the videos and audios of deals I’ve done and FREE REAL ESTATE INVESTING TIPS.
Flipping House Tips, Ideas and Secrets Flipping houses is harder than it looks – Buy a House: MLS Foreclosure Flipping Tips How a First Time House Flip Went Bad HowStuffWorks “How House Flipping Works” Flipping Houses | Free House Flipping Tips & Articles Flip Thy House Flipping Houses Blog, Flipping Real Estate, Make Money Flipping … Fipping Houses – A Guide to Real Estate Flipping Amazon.com: Flipping Houses For Dummies (For Dummies (Business Real Estate Investing at Flipping Homes: Make Money Flipping Real … Real Estate Property Investors :: House Flipping :: Real Estate … Jeanette Fisher’s Flipping Houses Doghouse Dollhouse Dollars Flip This House Television Show Flip this House | Armando Montelongo – Home Page Trial over ‘Flip This House’ to begin – Los Angeles Times A Review Of Popular House Flipping and Home Hunting Television Shows Perfect House Flipping Flip This House – Wikipedia, the free encyclopedia
Real Estate Investing | Investment Articles, Tips, Expert Advice AskMen.com – Invest In Real Estate Real Estate Investing Articles For Investors Real Estate Investing .com – Learn Creative Flipping Short Sales John T. Reed’s view of various real estate investment gurus Real Estate Investment Club Directory: Local & Nationwide REI Clubs Real Estate Investing Guide | BiggerPockets® Investment Real National Real Estate Investor – commercial real estate investing Real Estate Investing Blog MSN Money – Real Estate Investing Real Estate Investing: The Creative Investor Real Estate Investing – Investment Articles, Forums, Clubs Atlanta a poor choice for real estate investing, report says | ajc.com Real Estate Investing Education and Networking at Real Estate Real Estate Investing – Advice on Investing in the Real Estate Market Real Estate Investment Trust (REIT) Real estate investment trust – Wikipedia, the free encyclopedia
A Beginner’s Guide to Flipping Houses Flipping houses is harder than it looks – Buy a House: MLS HowStuffWorks “How House Flipping Works” House Flipping Strategies Gerald Romine’s How To Flip Houses How to Flip a House in 90 Days: Getting Started to Demolition Fipping Houses – A Guide to Real Estate Flipping How to Flip Houses – TheStreet.com TLC :: Flip that House Flipping Houses Blog, Flipping Real Estate, Make Money Flipping Investing in Real Estate, Flipping Houses, Hard Money Loans & More Real Estate and Flipping Houses: Pros & Cons of Investing Flipping Houses | Free House Flipping Tips & Articles Flip your house without losing your shirt House Flipping Tips for Beginners | A Primer Can You Flip Houses in Any Market? Flip that House : TLC What Is Meant By Flipping Houses? flip houses Flip This House Online
Duration : 0:4:2
http://RealEstateMarketingThisWeek.com/short-sales-great-alternatives-to-foreclosure – Facing Home Foreclosure? A Short Sale Specialist is your best Foreclosure Defense.
Part 1
What is a Short Sale? How to Negotiate to Stop Foreclosure.
Kalyn Roberts and Jeri league, welcome to the program. Jeri and Kalyn are short sale experts and have graciously decided to come to the program to discuss some of the short sale important things that people do need to know, and were going to get to all of this short sale information, but a couple of things important to mortgage interest rates. Today is a fantastic day in the mortgage rate world. Leslie and Staci at Velocity Financial were kind enough to put together a scenario for us so listen to this folks.
This is not the teaser, this is not the loss leader, this is the real deal as of today, a $417,000 loan amount, the interest rate is 4.875%, thats 4.875% that is below 5% obviously, the APR is 4.948% and that is for a no cash out loan, and that is a special rate and we have a certain allotment of loans that were allowed to do at that special rate. If youre interested in talking to a member of my staff or myself or anyone else about that program you would call. There are people there standing by to take your phone call.
Were a local licensed firm and one of the only 15% of the mortgage companies in the state of Arizona that is licensed to do FHA loans as well. Any mortgage related needs that you have were here to help but for the next hour were going to be talking about Short Sales.
Now over the last several months we have been talking about loan modifications on the show a lot, Velocity Financial was one of the first companies to work with a national network of attorneys, a 16 year old firm that were working with. They have done thousands of these loan modifications, and the loan modification industry in Arizona is for the most part unregulated, but you want to make sure youre working with a licensed firm, and you want to make sure youre utilizing an attorney.
You dont want to be giving money to anybody that says they can get you a loan modification, the only money you give is to an attorney, dont be giving money to people who come by and say they can help you out. Youre going to have to be very careful on how you handle that, but interestingly enough the loan modification is for the mortgage side, essentially the loan modification is to the loan officer what a short sale would be to a realtor.
Now the short sale part of real estate is not something you want to trust to somebody starting out doing short sales, unless they are being supervised by a pro, you dont want to mess around with it. This is not a time to be trying it out, this is not a time for people to be using you as their guinea pig, not a good idea at all.
That is why we brought Jeri and Kalyn in and were going to talk about some of the specifics. You definitely want to make sure that if you need to do a loan modification, if youre facing foreclosure or you want to do a short sale, whatever scenario is the better decision for you and your family, you have got to work with a professional, Jeri and Kalyn have extensive experience, they have an unbelievably great success rate.
It doesnt have to take six months to get this done they can execute this for you and they are the pros so were going to go through some questions over the next hour, there is just one more thing I want to talk about and that is if a loan modification is something you think you need call the office and we have put together a video for you that you can watch, its very short, it explains the process and we will then get together with you and answer any questions that you have… http://realestatemarketingthisweek.com
Duration : 0:5:36
http://www.InvestorsEdgeUniversity.com – Repeat, Approve, Respond – Your tip to successful negotiating. Let Bill teach you how to talk with homeowners.
Bill and Dwan Twyford
Duration : 0:4:4
This is the video the WGA doesn’t want you to see! Studio Head and AMPTP Member, Roger A. Trevanti explains the AMPTP’s groundbreaking new deal in a way writers can understand!
Duration : 0:2:11
This is from a special about a standoff the police had with a man threatening to kill himself. The outcome is something you’d think would be in a movie but this actually happened.
Duration : 0:2:13
http://The-Flip-Man.com – The Flip Man …..
The Formula for Negotiating Price Real Estate Investing Deals – After Repaired Value: ARV ….
……. http://Junkers101.com makes Flipping Properties simple with a 1 on 1 Mentor- Coach – Trainer, no cash or credit needed.
I will teach & mentor you on how to flip houses (or wholesale houses) 1 on 1 with no cash or credit needed. I’ve flipped over 150 houses since January 2003 and continue to flip houses everyday. In my opinion, real estate investors should start investing via flipping houses (wholesaling houses) first because it doesnt takes no cash or credit. Flipping houses is a very simple process but not always easy but that’s what is valuable about my course is you will have the knowledge plus me to help you along the way.
http://Junkers101.com
Flipping House Tips, Ideas and Secrets Flipping houses is harder than it looks – Buy a House: MLS Foreclosure Flipping Tips How a First Time House Flip Went Bad HowStuffWorks “How House Flipping Works” Flipping Houses | Free House Flipping Tips & Articles Flip Thy House Flipping Houses Blog, Flipping Real Estate, Make Money Flipping … Fipping Houses – A Guide to Real Estate Flipping Amazon.com: Flipping Houses For Dummies (For Dummies (Business Real Estate Investing at Flipping Homes: Make Money Flipping Real … Real Estate Property Investors :: House Flipping :: Real Estate … Jeanette Fisher’s Flipping Houses Doghouse Dollhouse Dollars Flip This House Television Show Flip this House | Armando Montelongo – Home Page Trial over ‘Flip This House’ to begin – Los Angeles Times A Review Of Popular House Flipping and Home Hunting Television Shows Perfect House Flipping Flip This House – Wikipedia, the free encyclopedia
Real Estate Investing | Investment Articles, Tips, Expert Advice AskMen.com – Invest In Real Estate Real Estate Investing Articles For Investors Real Estate Investing .com – Learn Creative Flipping Short Sales John T. Reed’s view of various real estate investment gurus Real Estate Investment Club Directory: Local & Nationwide REI Clubs Real Estate Investing Guide | BiggerPockets® Investment Real National Real Estate Investor – commercial real estate investing Real Estate Investing Blog MSN Money – Real Estate Investing Real Estate Investing: The Creative Investor Real Estate Investing – Investment Articles, Forums, Clubs Atlanta a poor choice for real estate investing, report says | ajc.com Real Estate Investing Education and Networking at Real Estate Real Estate Investing – Advice on Investing in the Real Estate Market Real Estate Investment Trust (REIT) Real estate investment trust – Wikipedia, the free encyclopedia
A Beginner’s Guide to Flipping Houses Flipping houses is harder than it looks – Buy a House: MLS HowStuffWorks “How House Flipping Works” House Flipping Strategies Gerald Romine’s How To Flip Houses How to Flip a House in 90 Days: Getting Started to Demolition Fipping Houses – A Guide to Real Estate Flipping How to Flip Houses – TheStreet.com TLC :: Flip that House Flipping Houses Blog, Flipping Real Estate, Make Money Flipping Investing in Real Estate, Flipping Houses, Hard Money Loans & More Real Estate and Flipping Houses: Pros & Cons of Investing Flipping Houses | Free House Flipping Tips & Articles Flip your house without losing your shirt House Flipping Tips for Beginners | A Primer Can You Flip Houses in Any Market? Flip that House : TLC What Is Meant By Flipping Houses? flip houses Flip This House Online
Duration : 0:6:38