All Forum Posts by: William Sageser

Jon , I agree I think since their carrying costs will be less, they can probably just push off their bad loans to the govt straight away, It may be harder for us to justify really low prices, and the floor will be between 50- and 60 % since that is what I have seen or heard that the govt bailout will pay for those bad loans. ??

Thanks for all the response I Guess it might be too early to tell now that the deal fell through?? Well maybe some alternate plan will get passed that will still keep the banks somewhat on the hook so that they will still want to work with investors, Money partners are a great way to make short sales work. I guess I will just have to find some that are flexible with their loan requirements if this plan gets passed. If short sales go away due to this it might be a huge blow to REI ?? thanks again

Hey guys how do you think this Bailout will mess with our ability to
Negotiate with Banks and Sellers? Too early to tell? Any thoughts what floor on prices will result? Are 2nd's protected by this bill?

Holy Cow!

Just wondering what are the best cold calling tips for FSBO or preforeclosure
property owners? Best time of day,etc.

Thanks,

Q

Yeah I'm familiar with all of the disclosures and I have a good option contract specific for Colorado short sales that I use. I guess I had one too many contracts in my contracts folder and it was throwing me, probably something a title company would use. Hey I was wondering what your thoughts might be regarding the authorization to release information. Is that something I could get signed up front with the purchase contract and then get it faxed to their lenders loss mitt dept. to get things going while I wait for the ink to dry?

thanks again,

Q

Exactly when do I present the Seller with a copy of the Hud 1 and then have then sign this acknowledgment receipt document? Here In Colorado we have a 3 day right of recision prior to me getting a POA or deed, or paying to make the purchase contract legal.(IF they are facing foreclosure) So when would I get this hud1 to them??

thanks,

Q

Yes I'm probably being redundant, but thought it might be nice to market directly to them any wholesale properties I contract. I realize that they will probably go looking in all the regular places if they are interested in adding to their portfolios. Does such a list exist though?

thanks again

Q

Bump

Bump

Sorry and thanks! I wasnt very clear. What I will be marketing? wholesale deals that would make them good rentals. Typically they might pay a little more than investors. But in this market...

anyway thanks for the replies so far.

Q