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Working Short Sales With A Second Mortgage
As if working with one lender isn't confusing enough, when you throw in two it can compound the time and frustration. It can also be a good thing. If you're a short sale investor, negotiating a second down is a great way to create some room...
17 commentsShort Sale and Unclear Titles
Wouldn’t it be great if all the properties you wanted to buy only had one lien on them, one owner on the title, a five-minute title search, and immediate insurability? If only the real estate business were...
0 commentsExplaining Mortgage Debt Forgiveness
Did you ever try to explain a legal term to someone while watching their eyes glaze over in confusion? It’s a pretty interesting sight, and you may see it a lot when you talk to homeowners who are worried...
0 commentsPositive Results
Cementing a deal has to begin with your first conversation with a client. There’s a method to our madness in the short sale business, and this conversation is right at the core.If you have been in sales for...
0 commentsReal Estate Deals: How to Get a 90 Percent Close Rate
Next time you’re out and about, take a minute and observe a sales transaction for a while. Watch what happens at the first contact – how the salesperson opens the conversation, how the customer reacts to...
0 commentsChapter 7, Chapter 13, and the Post-2005 Bankruptcy World
This may not be a new topic, but for those who are still unfamiliar with bankruptcy, it might be helpful to bring it up again. Most people have heard of Chapter 7 and Chapter 13. Those are types of individual...
0 commentsThe 700 Billion Dollar Man
The past few days my head has been spinning. If you’re like me, then you’ve probably been reading everything you can get your hands on to understand how we went from Treasury Secretary Henry Paulson’s...
6 commentsFannie Mae and Freddie Mac
I remember selling life insurance just out of college and telling prospects that the interest rate on the product I wanted them to buy wasn't going anywhere. I remember saying, "As long as the financial system...
6 commentsWhat do I do with a 1099-C?
Going through a foreclosure is a little more than putting up with the bank’s legal action, getting help with a short sale, and moving out of the house. Like any other mess, this one will leave a certain...
1 commentHave a Revenue-Producing Day
Of the nine mistakes I see from new short sale investors, this is the one that is completely within their power to change right now. It’s a small thing to do, but the reason so many people make the mistake...
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