You know, hearing stories about corruption come out of Washington used to get me really mad. I’d hear about all these people trying get rich using the most underhanded...
I woke up this morning and just about jumped out of bed. Okay, I actually did jump out of bed. And do you know why? Because this is the first...
Don’t expect housing prices to decline again any time soon, according to Barclays. They claim that the stabilization that has begun to creep in is here to stay. However, we...
Obama must have had too much to drink at last week’s power lunch about health care. Apparently, he’s still drunk! Just listen to the latest scheme he’s come up...
“History will be kind to me, for I intend to write it.” Winston Churchill I recently told you about Citibank’s new plan to allow delinquent borrowers to remain in their homes for...
Yes, short sales are definitely on the rise. This shouldn’t come as news to you, but the media and US gov’t are just catching on. Short sales accounted for...
Obama broke the bank this week, pledging $1.5b in aid to distressed homeowners. This money will go to help those unemployed and anywhere that housing prices have fallen 20%...
According to the latest report released by Freddie Mac (are they still in business??) over 95% of 4th quarter refinances last year were fixed-rate loans. This was true regardless...
I don’t know if you caught the (non-real estate) news this weekend, but a rogue wave at a Calif. surfing competition got some spectators into the action. Apparently a...
Citi’s mortgage branch is facing a massive amount of foreclosures. They’re so desperate they’ve launched a new initiative. The will allow defaulters to remain in their homes for 6 months....
Here is a quick update on some prayer requests. Side Note: Yes I know this is a real estate short sale forum. I own it and I can post what I please. Thank you for all the gifts, phone calls, emails and continued prayer support. It is awesome to know you care so much. Elaine Boatright (mom): The...
We just closed on another short sale with HomeQ! However, we LOST some of the fees that we would have got approved on the HUD1 if we labeled them differently. Why? Well… this short, corny, very amateur video explains it. My goal is to start releasing more short video tips every few...
21 Day State Foreclosures I live in Oklahoma and we are both a Judicial and non-Judicial state. However, we mostly operate under a Judicial manner. What that means is our foreclosures usually take about 4-6 months to complete. However some of my students operate in 21- day foreclosure states. That means it ONLY takes 21 DAYS...
Here you go…PART 2The information on this call is of HIGH RELEVANCE to anyone in the business of flipping houses or doing short sales. If you missed the email about Part 1, it was all about whether or not the sky is beginning to fall with short sales. Part two starts off with taking the “are simultaneous closings really dead?” question, head on by yours truly. And...
Today I am posting information about The HomeLess Guy Blog Here is a blog from a homeless guy and his life on the streets of Nashville where he goes to McDonalds and uses free computers to write his story. He served in the US Navy, went to college, managed a convenient store, bought a house, got...
Is the Sky Falling With Short Sales? Here is a very recent conference call where two of my friends Shaun and J.P. discussed “Is the Sky Falling With Short Sale?” The purpose of this call is to educate on what is REALLY HAPPENING in the market today with short sales. This PART 1 of a 2 Part Call...
This is another statistic that lends to the reason why short sales are becoming a popular method of liquidation for lenders. The homeowners usually work out a payment plan with their lender and 80% of them don’t even receive a FIRST PAYMENT! It is no wonder why banks are discounting properties so frequently. Now...
