What you need to know before Investing in Short Sales and Pre-Foreclosures
Friday, April 06
1. Know the laws in your state Many states have different laws pertaining to investing in short sales. For example Colorado has the Colorado Foreclosure Protection Act. If the house is owner occupied the Colorado Foreclosure Protection Act Applies. In Colorado we also cannot re-sell the proper...
How will the Foreclosure Misconduct Settlement affect Short Sale’s?
Tuesday, April 03
Now that the settlement with the big banks has been reached, the United States Attorneys General is now imposing some new short sale guidelines on these servicers in an effort to move the short sale process forward in a quicker and more streamlined fashion. In March, the United States...
Attributes and Mindset of a Successful Real Estate Investor
Tuesday, April 03
So what makes an investor successful? I see many people who want to invest but just never start doing it. What does it really take? I’ve made a short list of qualities I’ve seen in my fellow successful investor friends and myself. I know this isn’t a complete list; I just wanted ...
Colorado Foreclosure Act-Short Sale Double Closings
Saturday, March 31
If you are in the pre-foreclosure business you should already know about the huge changes to the Colorado Foreclosure Protection Act that took effect on January 1, 2011. Please read this article very thoroughly because there are some important changes to the law that will affect your busine...
New “MARS” Disclosure for people doing short sales!
Saturday, March 31
THIS CHANGE COULD COST YOU $10,000 SO PLEASE READ THIS ARTICLE: The Federal Trade Commission (FTC) as authorized and directed by the 2009 Omnibus Appropriations Act released the Mortgage Assistance Relief Services (MARS) rule on December 1st 2010 and it went into effect beginning Dec...
What is Short Sale “Flopping”
Saturday, March 31
Don’t ever try a short sale “flopping? Short Sale “Flopping” is a practice you must be aware of because several federal law enforcement organizations are looking at this closely. There are many gurus out there that teach this transaction – in reality, this is almost all that the shor...