November 17th, 2009
Analysts foresee a herd of new short sales stampeding into the real estate market between 2010 and 2012. According to data compiled by Credit Suisse Bank, hundreds of billions of dollars in Alt A loans are set to recast starting in 2010. And add in the fact that U.S. unemployment is higher than 10% and the economy is showing few signs of improvement and it’s predicted that this will create a short sale stampede far larger than what we already seen.
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November 12th, 2009
We live in information overload. There are more distractions coming at you from all directions, and at all times, than at any other time in the history of humanity. This is a message that is more important for you right now than ever before. Unplug your life! Here’s how:
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November 2nd, 2009
The next 12 calendar days will be the most active buyer feeding frenzy in the past 2 years. So if you have a deal right now, get it on the market today….I’m talking right now, before you finish reading this! The $8000 tax credit expires on November 30th and therefore every buyer who has been on the fence for the past six months is being forced to make a home buying decision in the next 12 days. Why 12? Because it usually takes anywhere from 3 weeks to a month or more for most people to get their loan and close on the property. Since today is Tues, Oct 27th, buyers have basically this week and next week to make a buying decision or they lose the $8000 tax credit.
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October 26th, 2009
Three years ago you would not have been able to find a single article in any newspaper or online publication about short sales. Today, there is an average of 5-10 new pieces each and every day. Over the course of a year, that translates to nearly 3000 different articles on short sales published every 12 months.
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October 22nd, 2009
In this information age, it can be very difficult to decipher between hype and reality. The good news about real estate is that a closing a statement, also known as a HUD1, separates once and for all, reality from hype. A HUD1 proves a deal is closing. Our operation has always been a HUD1 type company, quietly going about the process of closing deals without all the hype.
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October 16th, 2009
A MEGA short sale tsunami of epic proportions is on the horizon. Five separate economic factors are all coming together at the same time to create the perfect short sale storm. And this storm looks to be generating the greatest short sale opportunity of our lifetimes. The following five surges are the backbone of this massive financial tidal wave that will usher in unprecedented opportunity for short sale investors.
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October 9th, 2009
The Department of the Treasury is just days away from announcing their new plans for short sales. Obama’s Housing Rescue Plan has focused primarily on loan modifications and with less than 12% of eligible borrowers recieving loan mods thus far, the current plan has been a dismal failure. These disappointing results have forced Washington into looking at short sales as a better way to curb the still declining nationwide real estate values.
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September 23rd, 2009
MALIBU, CA – A Wells Fargo executive, Cheronda Guyton, allegedly moved into a $12 Million Wells Fargo REO foreclosure with her husband and two children. Reports indicate that she even threw a huge party on the last weekend of August in this beachfront foreclosed home. Guyton supposedly oversees Wells Fargo’s foreclosed commercial properties and it seems this Pacific palace was just too tempting to stay empty.
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September 17th, 2009
WARNING – What I call “the WRONG way to do short sales,” is a practice that is gaining significant popularity as of late but could land those who do it in some major trouble. I’m not usually one to be quite so negative and dramatic, but this is a serious matter. Plus, I’ve even seen a few short sale educators out there actually recommending this strategy and I felt it necessary to send out a warning so that no one gets hurt.
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September 8th, 2009
Should homeowners who need a short sale hire a real estate agent / Realtor® or an investor for their short sale? After conducting a detailed search online, I was unable to find an article to give a straight answer to this fundamental question, so I decided to write one. As a long time real estate investor as well as licensed real estate agent and member of the National Association of Realtors®, I have a unique, balanced and unbiased perspective on this subject. Before we answer this question, let’s start with a brief history lesson.
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