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All Forum Posts by: N/A N/A

N/A N/A has started 4 posts and replied 10 times.

Can anyone here help me...I am trying to get a loan on some undeveloped property and a couple of the lenders are asking for an Executive Summary...I have never done one or seen one and have no idea how to put one together. Does anyone have a sample of one that they could send me so I know where and how to start?
Thanks!

Does anyone have a sample or template of an Executive Summary for a Land Development project? Or know where I could find one? I have Googled myself into frustration mode and can't seem to find a thing. Any help would be greatly appreciated! Please email me directly if possible at [email protected]. Thanks in advance!

[size=14]We are currently looking for serious, high-dollar investors interested in purchasing high-end commercial properties....whether they be corporate, land trustees, developers, private money lenders or whatever. They must have readily available funds from $2M to $50M or more and be able to close quickly. If you or anyone in your network is interested in some serious deals that we now have available, please contact me ASAP.
[email protected][/size]

Originally posted by "Gladhatter":
Originally posted by "gwh":
Looking for property locators across US for deals in the 1 million and up range. please PM me you info.

thanks


Lots of folks looking for ice water in hell and about as likely to serve your needs I fear.

However you have the oppertunity to prove me wrong as I have one of the deals you seek.

You are welcome to contact me about it as its valued at 5 mil and selling just short of one.

Charlie

Don't expect a reply from that guy, but feel free to email the details of this deal you mention. [REMOVED] Thanks
Originally posted by "leejr":
gwh,

It would be better if you told people up front that you are SELLING yet another overpriced investment program. I don't believe that paying to join your "club" qualifies as networking. It may qualify as piracy though. :protest:

R

IT'S THE SAME GUY THAT POSTED ABOVE UNDER ANOTHER NAME....AND HIS MAILBOX IS FULL SO U CANT EVEN SEND HIM ANYTHING! PFFFFFFFFF

Northern Santa Barbara County, California.....The only thing you can get in this area are 2/1-2/2 mobile/modular homes in a senior park and 2/1- 1/1 lower end condos, typically. SF homes start at around 400K for a less-than-desirable house/neighborhood and go up from there...here are a few examples:

3BD/2BA in desirable senior park with pool & clubhouse. $189,000...

AGE RESTRICTED PARK New large Gracious 28x 60 Wellington Manor! $190K

3 Homes offered From $210K & $220K Craftsman Style Homes... (modular - in park)

2bd/2ba, den/office, living room w/skylight, kitchen has lots of cabinets w/sliding shelves, master w/ walk-in closet & garden..... $218,900

This Home Features: Spacious Living Room Entrance, Two Bedrooms, Two Bathrooms, Den/Office could be used as Third Bedroom, Master Bedroom has Large Walk-in Closet & Built-in Dresser, Master Bathroom w/ Garden Tub & Separate Shower Stall, Beautiful Stained Glass Windows in Master Bath & Kitchen, Large Living Room w/ Skylight, Sun Room could be used for Arts/Crafts/Workshop, Large Kitchen w/ lots of Cabinets, some w/ Sliding Shelves, Other Kitchen Features include Refrigerator, Range, Dishwasher, & Triple Sink, Separate Dining Room, Security Front Door & Windows, 2.5 Car Attached Garage...$218,900

Absolutely Gorgeous! 2 bed 2 bath, Gated Community, Large Club House, 9 hole golf course $219,000

LAS PALMAS CONDO! 1bd 1ba upstairs unit. Separate living & dining rm, brkfast bar. Nice deck w/ ldry/storage room, washer & dryer....$219,990

1bd 1ba, single-story condo w/upgraded tile flooring, Berber carpet, master bedroom w/large walk-in closet & oversized bathroom...$229,990

$239,500 2 Bedroom, 1.5 Bath Condo with new interior paint and new carpet. Patio with small fenced yard.

Your opportunity to own one of the most desirable condos in the development large 3 bedroom 2 bath with approx. 1300 sq. ft. of living area and the privacy of owning an end unit. BBQ in your private patio area or just relax and enjoy greenbelt area....$350,000

Huge 22.3 x 19.5 living room with brick fireplace and wooden mantle Great location for this 3 bedroom 2 bath home on raised foundation Over 1800 square feet of living space Large separate formal dining room Hardwood floors in two bedrooms and carpet in one bedroom.....$450,000

Post: SHORT-SALE GRIEF

N/A N/APosted
  • Posts 24
  • Votes 1
Originally posted by "Judson":
I don't know California laws (or Illinois) at all but in North Carolina it doesn't matter much to the banks anymore if someone wants to file bankruptcy they have a much easier time getting the home separated from the bankruptcy. Let your clients know also that if they file a bankruptcy there is no unfiling it. You can have it rescinded but it will still show up on a credit report.

Judson,
Lets make sure we are clear here. First of all, I don't advocate bankruptcy. I don't want to make a bad situation worse, but sometimes it is the ONLY way to stop the foreclosure sale. The bottom line is to help the homeowners in any way possible. If bankruptcy is the only choice, use it to your advantage. And let's also be clear about something, I am not giving advice only offering information on possible solutions. I am not an attorney and am NOT advising they do anything. The choice is up to them completely.
Jerry, you might want to have them speak to an attorney about filing Chapter 13. If they cannot afford an attorney, they can file themselves. All they have to pay for is the cost of filing the paperwork - in most cases it's under $200. I have seen homeowners in distress file themselves. They have gone to www.uscourts.gov and download the papers for Ch 13. Then they have gone to the courthouse themselves and filed the papers. They then take a certified copy of the bankruptcy papers to the foreclosure clerk and stop the sale. If they want to do what I have seen others do, it's up to them. Bankruptcy court may not be at the same courthouse where the foreclosure files are. At most courthouses, the clerks will be helpful and show the homeowners what to do. Filing Ch 13 will stop the sale (in most states) and give the homeowner the opportunity to reorganize their debt, as well as give you more time to put a deal together. The court will set a hearing in approx 30-45 days. It's called a 341 hearing and it is for the benefit of the creditors. Hopefully this will be enough time for you to work out your deal and help the homeowners. If you have solved the problem in this time frame, the homeowners can simply drop the case and get out of the bankruptcy. So, Judson, I hate to disagree with you, but the homeowner CAN dismiss the bankruptcy at any time before the hearing and save what is left of their credit. It is best to drop the case, not miss the hearing! If the hearing is missed, they will be "kicked out" and cannot file again for 180 days. If they drop it, they can re-file immediately if needed. Using Ch 13, the process could drag on for many months.

So, Jerry, can u see why the banks/lenders hate it when you threaten bankruptcy?? I have more information for you on all this if you're interested. Let me know.

Post: SHORT-SALE GRIEF

N/A N/APosted
  • Posts 24
  • Votes 1

Simple!! Mention the B word! If you go to them with a serious indication that the homeowner is going to file bankruptcy, they might just change their tune. Keep in mind that the homeowner will have to proceed with starting the bankruptcy proceedings if they still won't budge, but that's ok, it doesn't mean they will have to follow thru with it. Have them get a BR attorney right away and make sure the stubborn lenders know about it! Watch what happens when they find out they are not in control anymore!! YOU have to be the one in control of the situation, not them! The last thing these guys want to hear is the B word because they know it will stop the foreclosure process and delay them getting ANY money for possibly as long as 2 years! Now if they really want to have a non-performing asset on their books for that long there is just something seriously wrong with them and I would have a hard time believing they won't get off their stubborn asses and make the deal happen.

Post: Rehabbers/Investors Needed

N/A N/APosted
  • Posts 24
  • Votes 1

I'm a Real Estate Investor/Wholesaler living in Santa Barbara County, CA. I am working on building my buyers list of rehabbers and/or other investors who are looking to purchase investment properties in this area and/or any other areas where I find a deal. If you are a serious investor who has the means to buy the properties (when I find them) fast, and close in 7-10 days or less, please send your email address to me at [email protected] so that I may send you a few comprehensive questions and add you to my buyers list. If you are concerned about my education, it's courtesy of Dwan Bent-Twyford and Russ Whitney. That should more than pre-qualify me as someone who knows what he's doing.

Thank you,
Gregory
CC Investors

Post: neighbor bankruptcy/foreclosure... what now?

N/A N/APosted
  • Posts 24
  • Votes 1
Originally posted by "chprblst":
I called the Mortgage company, they said the house would got to auction and I would have to bid there. How do I find out when and where this auction would be? Should I have financing lined up before I make an offer?

No. You do not have to wait for the house to go to auction! Call the Mortgage Co. back and ask them if they will do a SHORT SALE. I would be very surprized if they said no. If you can put together a Short Sale Package asap and negotiate with the Mortgage Company to buy the house before the auction, it will be extremely beneficial to the homeowner - she will not have a foreclosure on her credit record and she should be able to stop the bankruptcy.