How to Get your Low offer accepted by a short sale bank!
Saturday, March 31
Want to know a secret to justifying a low offer??? Has anybody found any good deals on the MLS lately? I know I haven’t, in fact I’ve entirely given up on the idea of finding a good deal on the MLS. Every time I submit an offer on what is a good deal, there are 15 more offers you h...
Cash Flow more than $500 a month buying Short Sales
Saturday, March 31
The New Exit Strategy for Short Sales -Keeping as a Rental with $500+ a month in cashflow Short Sale’s, as you already know is my favorite way to acquire deals at a bigger discount than any other method. Our exit strategy on most of these deals has been to fix and flip these houses. ...
Realtors now Excempt from Following MARS Disclosures!
Saturday, March 31
I just got an email today from the FTC that MARS “Mortgage Assistance Relief Services” is no longer applicable for Real Estate agents. Realtors no longer need to do the written disclosures in their marketing. However realtors still need to be accurate on their claims made in their ...
HAFA Short Sale Updates & GMAC Equator Now Processing VA’s
Saturday, March 31
Here are some updates on HAFA (Non Fannie and Non Freddie) You can view the updates by going here: https://www.hmpadmin.com/portal/programs/docs/hamp_servicer/sd1108.pdf On August 9, 2011, a supplemental directive was issued listing more changes to the non-Fannie Mae and non-Freddie Mac HAFA pro...
New Freddie Mac Arms Length Affidavit
Saturday, March 31
I wanted to give you some quick short sale industry updates. With the current state of the economy and the fall of real estate values over the past couple of years, short sales have become a common and routine real estate transaction and constitute a primary part of the real estate in...
Arms Length with Short Sales
Saturday, March 31
Arms Length with Short Sales and Helping Short Sale Homeowners into your rent to own Home Some Investors focus on purchasing short sale properties as fix and flips for the quick profits on the back end of the deal. Other Investors buy short sale properties to keep as rentals for long-term po...