short sale counter offers and the Equator program
Freddie and Fannie won’t pay down your mortgage
Freddie Mac says short sales are now illegal.
Diana Olick’s latest column puts “principal writedown” in perspective: “The government is officially giving borrowers back home equity.
Yep, somewhere between $35 and $50 billion worth. Of course we’ve all lost over $5 trillion, but who’s counting? Lenders still aren’t required to do it, but they’re going to get an awful lot of taxpayer-funded incentives to do it€¦Let’s face it, the underwater issue (that is borrowers owing more on their loans than their homes are worth) is now far bigger than the subprime issue and the unemployment issue. Yes, it’s concentrated heavily in five states, but it still manages to plague home prices nationwide. People are walking away in greater numbers than ever before, and people who want to stay are unable to get into modification programs because of their overwhelming negative equity.
Loan modifications and principal reductions (writedowns)
Secrets to buying Bulk REO’s without using any of your own money.
Automated MLS offer System (MLS Gorilla) sends 100′s of contracts in just minutes
Our SWAT Instructor this week is Mike Watson on a new and cutting-edge investing technique: How To Get Seller Financing… From BANKS! on their Bank REOs. I know you are aware of the flood of national bank-owned properties, Foreclosures, and Short Sales. You know there are great opportunities for profit. The question is… Do you want to use the same old techniques that thousands of [...]
There is a ton of panic and confusion about a new bill that trying to get passed. It is HR1728: Mortgage Reform and Anti-Predatory Lending Act. Below is the full text of a message being circulated by concerned real estate investors nationwide. It seems to originate from Vena Jones-Cox, who has a great reputation and is a advocate for real estate investors in her own [...]
I just watched this great video where Donald Trump was talking about how now is the best time to to buy from banks and how banks are even giving 100% financing on houses. What he says is true. How do I know? Because I have done it and so have my students. If you want to learn how and you want to get started for [...]
