Ted Akers
Short Sales - Encouraged by Treasury
The US Treasury Department on November 30th announced plans on how to streamline Short Sales. Most agree, although the administration continues to spin it as a success, that the Making Home Affordable program has been...
Zach Hawrot
Short Sale Offer Taking Forever
Over 60 days ago we placed a low bid on a house being sold as a short sale. The buyer immediately accepted. Now we just needed the bank to approve and the house was ours. Since this is a loss to the bank, they are tak...
Monica Tao
Short Sale Class Note
Hi everyone, I'm new to the BP, one week to be exact. Love to share something here as everyone else did.I took a 3hr short sale class today in Long Island, NY. Just want to share some notes I took down and love to hea...
Gregory Wesley
Which loan is best?
I'm currently finishing up a rehab and my partners and I want to keep the home. We own the home free and clear. Our hope is we can rent the home and tap into the equity to use on another project. The home value is ~$2...
Isaac El
Steps of doing a shortsale
I have been making lots of cold calls to pre-foreclosure, and I found one that the mortgage is higher than what the house is worth so need to do short sale. I have never done one before, can anybody share the steps w...
Daria B.
1st REO offer rejected....next step
So my 1st REO offer was rejected with no explanation. This has been on the market since 12/2015 with 2 price drops.The only 2 sold comps were considerably lower than my offer and they were 2/1 and 1/1 with less square...
Burt L.
How to Get a Real Rate Lock on a DSCR Loan?
I"ve been shopping a DSCR and hearing odd things about rate locks. So far I've been told things such as I can lock "when I"m close to closing" or "after the appraisal is completed". The appraisal is supposed to be th...
Jeremy Porter
HOA Fines Unveiled: Exploring Common Charges and Guidelines
Homeowners Associations (HOAs) play a pivotal role in maintaining the quality and value of a community. However, with this responsibility often comes the need for enforcing certain rules and regulations, leading to fi...
John A.
Wholesaling to Hedge Funds???
Hello,
How would someone go about wholesaling to a hedge fund? How would you find them and what is their criteria? I know for a fact investors on BP wholesale properties to hedge funds lol To those investors, can you...
Ryan Novak
Marketing Strategies
What is the best resulting marketing strategy you use in your area for motivated sellers?