Bank Of America-Short Sale Changes
Monday, April 23
Bank of America rolled out their new short sale changes on Friday the 13th! These changes address conventional loans that are processed by Bank of America through an internet-based platform call the Equator System and are intended to streamline the short sale process. Bank of American wants...
BRRR - How to Buy a House with Zero Money down Getting a Loan!
Friday, April 20
***I think I was the original creator of this process. Back then it was not called a BRRR (Buy, Rehab, Rent, Refinance). This is the BRRR Method. I have training video's on how to do this on my you tube page: https://www.youtube.com/playli...This seems to be a hot topic so I wanted to go over t...
Short Sale Flipping-Is it fraud or illegal?
Tuesday, April 17
The topic of Short Sale Flipping has been a topic of debate for years. Short Sale Flipping is when you buy a short sale property and re-sell on the same day for a profit. The question comes up a lot about whether this can be done and if it’s legitimate. There are several things to consider...
What makes a Short Sale Negotiator an Expert?
Friday, April 13
Short sales can be profitable, but many Realtors and investors avoid them. There are many reasons why they do; however, most are based on rumors and a lack of understanding. It’s very beneficial to hire a short sale negotiator to save your time. While good organizational skills, persistenc...
Pre-Screening Short Sale Leads
Thursday, April 12
I am very picky on the short sales that I will buy and process. I prefer to do less deals that I know almost 100% of them are going to go through and receive higher profits. The houses that I don’t want to buy are still good leads, just not for my investment company. So what I do is refer ...
FHA Makes Significant Changes to Credit Policy-How will this impact the market!
Monday, April 09
FHA is changing their credit policy that will affect up to 65% of FHA borrowers. If a person has a collection or disputed account with more than $1000 cumulatively and are within the last 2 years, the borrower will have to pay that collection off before qualifying for a loan. The account wi...