The Preforeclosure Daily Grind» investing http://preforeclosuredailygrind.com from the offices of North Shore Enterprises Thu, 09 Sep 2010 18:46:58 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Why Persevering Every Time on a Short Sale Deal is a Must! http://preforeclosuredailygrind.com/2009/12/why-persevering-every-time-on-a-short-sale-deal-is-a-must/ http://preforeclosuredailygrind.com/2009/12/why-persevering-every-time-on-a-short-sale-deal-is-a-must/#comments Wed, 30 Dec 2009 07:09:10 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=397 This week’s Preforeclosure “Tip of the Week” is about why persevering on every short sale deal will net you more money and put more deals in your pipeline. In this video we go over a recent deal that we closed with Bank of America that is filled with hidden tips and tricks. Listen in as we cover what happens when a foreclosing lender declines your first offer, how soon after the banks first appraisal will they “typically” order another one, what conversation you “need” to have with the seller and their agent when you “explain” how you get paid on a short sale transaction and much more. Visit www.PreForeclosureDailyGrind.com and www.ShortSaleDailyNews.com for more short sale videos and articles. Please leave your comments and questions so we can address them on future videos!
]]> http://preforeclosuredailygrind.com/2009/12/why-persevering-every-time-on-a-short-sale-deal-is-a-must/feed/ 3 Preforeclosure Tip of the Week #6- How to set up your Short Sale Negotiations http://preforeclosuredailygrind.com/2009/06/reforeclosure-tip-of-the-week-6-how-to-set-up-your-short-sale-negotiations/ http://preforeclosuredailygrind.com/2009/06/reforeclosure-tip-of-the-week-6-how-to-set-up-your-short-sale-negotiations/#comments Tue, 02 Jun 2009 03:43:25 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=231 This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris Bowes discuss how to be prepared and know how to answer any objection for any negotiation that you will encounter in a real estate short sale transaction.  This video dives into how to set up and answer your negotiations not only with any and all lenders, but also with the real estate agents, attorneys, title companies, the buyer, and even the seller.  They discuss the likelihood of encountering objections from each of these parties and what can be done to counter those objections.

They go over the importance of meeting and brainstorming with your team members (real estate agents, investors, etc) and why writing down objections you get on a daily basis will assist in prepping to negotiate, so that any objections or issues that arise can be met and dealt with accordingly right away. Visit www.PreForeclosureDailyGrind.com for more videos or to ask questions visit www.AskBobLachance.com.

]]> http://preforeclosuredailygrind.com/2009/06/reforeclosure-tip-of-the-week-6-how-to-set-up-your-short-sale-negotiations/feed/ 0 What Sellers Can Expect After Their Short Sale is Completed and The Buyer Closes http://preforeclosuredailygrind.com/2009/05/what-sellers-can-expect-after-their-short-sale-is-completed-and-the-buyer-closes/ http://preforeclosuredailygrind.com/2009/05/what-sellers-can-expect-after-their-short-sale-is-completed-and-the-buyer-closes/#comments Fri, 15 May 2009 22:11:20 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=226 In this week’s Pre-foreclosure “Tip of the Week” PreForeclosureDailyGrind.com’s we (Bob Lachance and Chris Bowes) discuss what sellers can expect after their short sale is completed and the buyer closes, and what type of action the lender can and will take, whether it be through a 1099 or a deficiency judgment.  We also discuss what sellers can do to respond to those actions, as they relive a recent closing of theirs and how it applied to their deal, and almost killed the whole thing!

The big takeaway in this video is the importance of setting these expectations with the sellers in particular as they answer the question, “Will the lender send me a 1099 or sue me for the balance?”  The bottom line is, make sure you answer these questions with each of your clients, as it can either make or break your deal!

Visit www.PreForeclosureDailyGrind.com for more videos or to ask questions visit www.AskBobLachance.com.

]]> http://preforeclosuredailygrind.com/2009/05/what-sellers-can-expect-after-their-short-sale-is-completed-and-the-buyer-closes/feed/ 2 How to Get a Short Sale Acceptance Letter Amended http://preforeclosuredailygrind.com/2009/05/how-to-get-a-short-sale-acceptance-letter-amended/ http://preforeclosuredailygrind.com/2009/05/how-to-get-a-short-sale-acceptance-letter-amended/#comments Thu, 07 May 2009 02:16:19 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=220 This week’s PreForeclosureDailyGrind.com video covers how to get a short sale acceptance letter amended and how to make sure it says what your Title Company wants it to say in order to get title insurance. Whether you are an investor and your intent is to buy and flip or you are an agent and your intent is to work the short sale for a commission you will need to watch this video! For more videos visit www.PreForeclosureDailyGrind.com and to ask real estate questions visit www.AskBobLachance.com.

]]> http://preforeclosuredailygrind.com/2009/05/how-to-get-a-short-sale-acceptance-letter-amended/feed/ 0 How to Save an FHA Insured Property from Foreclosure Sale http://preforeclosuredailygrind.com/2009/05/how-to-save-an-fha-insured-property-from-foreclosure-sale/ http://preforeclosuredailygrind.com/2009/05/how-to-save-an-fha-insured-property-from-foreclosure-sale/#comments Sun, 03 May 2009 18:53:17 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=211 This week’s PreForeclosureDailyGrind.com video is a live short sale video that will show you how to save an FHA insured loan from going to Foreclosure Sale.

This video will give you the tips on how to make sure this doesn’t happen to you when you have a ready, willing and able buyer!  Listen in as we go over why and how we lost a property to Foreclosure Sale and what we could have done to prevent it! For more videos visit www.PreForeclosureDailyGrind.com and to ask real estate questions visit www.AskBobLachance.com

]]> http://preforeclosuredailygrind.com/2009/05/how-to-save-an-fha-insured-property-from-foreclosure-sale/feed/ 0 Chase Has Changed the Way They Value Short Sales! http://preforeclosuredailygrind.com/2009/04/chase-has-changed-the-way-they-value-short-sales/ http://preforeclosuredailygrind.com/2009/04/chase-has-changed-the-way-they-value-short-sales/#comments Thu, 23 Apr 2009 05:38:35 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=203 This week’s PreForeclosure Daily Grind video will give you the inside scoop on how Chase, when they are the 1st mortgage holder, recently changed how they do their valuations. This video will explain why this recent change will allow every short sale specialist the ability to successfully negotiate better deals and steeper discounts when working will Chase.  Chase is not the only Lender who has changed the way they value a property! Listen in as we explain.

Also,  keep up to date with every change with every lender by becoming a www.ManageMyShortSale.com member!

]]> http://preforeclosuredailygrind.com/2009/04/chase-has-changed-the-way-they-value-short-sales/feed/ 0 Why Foreclosing Lenders Charge Off Bad Debt and Where That Debt is Sent! http://preforeclosuredailygrind.com/2009/04/why-foreclosing-lenders-charge-off-bad-debt-and-where-that-debt-is-sent/ http://preforeclosuredailygrind.com/2009/04/why-foreclosing-lenders-charge-off-bad-debt-and-where-that-debt-is-sent/#comments Thu, 16 Apr 2009 04:51:05 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=176 This week’s PreForeclosure Daily Grind video will give you some great inside information on why and how banks access and calculate what they are willing to take in their pockets in order to accept a short sale. This video is focused around the 2nd lien position and we got this info from a Recovery Departments Supervisor. Also, we announce our ManageMyShortSale.com Newsletter and our 5 part webinar series for our ManagemyShortSale.com students.

]]> http://preforeclosuredailygrind.com/2009/04/why-foreclosing-lenders-charge-off-bad-debt-and-where-that-debt-is-sent/feed/ 1 Live Short Sale call with a Buyer’s Real Estate Agent http://preforeclosuredailygrind.com/2009/04/live-short-sale-call-with-a-buyers-real-estate-agent/ http://preforeclosuredailygrind.com/2009/04/live-short-sale-call-with-a-buyers-real-estate-agent/#comments Tue, 14 Apr 2009 20:27:58 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=170 This week’s PreForeclosureDailyGrind.com video is a live short sale call with a buyer’s real estate agent who was not clear on what the proper process and expectations of a short sale were. This video goes over what to say, how to say it and how to use www.ManageMyShortSale.com to keep the agent and her client interested and on board with purchasing an over debted property. This video is filled with tips, tricks and important lessons!

For more videos visit www.PreForeclosureDailyGrind.com and to ask real estate questions visit www.AskBobLachance.com

]]> http://preforeclosuredailygrind.com/2009/04/live-short-sale-call-with-a-buyers-real-estate-agent/feed/ 1 How to Get a Buyer to Pay Towards 2nd http://preforeclosuredailygrind.com/2009/03/how-to-get-a-buyer-to-pay-2nd-mortgage-extra/ http://preforeclosuredailygrind.com/2009/03/how-to-get-a-buyer-to-pay-2nd-mortgage-extra/#comments Fri, 27 Mar 2009 06:19:10 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=157 This short sale video is a case study on how to get a retail buyer to pay towards a 2nd mortgage to get a transaction closed. This is extremely important to real estate agents and investors alike because 2nd mortgages are requiring more money to get short sale deals closed. Listen in on how we explain how to work with an end buyer’s agent to get them to pay that extra money.

Visit www.PreforeclosureDailyGrind.com for weekly videos on the preforeclosure business and if you want to ask questions go to www.AskBobLachance.com

]]> http://preforeclosuredailygrind.com/2009/03/how-to-get-a-buyer-to-pay-2nd-mortgage-extra/feed/ 0 The Latest Mortgage Servicer to Fail http://preforeclosuredailygrind.com/2009/03/the-latest-mortgage-servicer-to-fail/ http://preforeclosuredailygrind.com/2009/03/the-latest-mortgage-servicer-to-fail/#comments Mon, 23 Mar 2009 05:07:36 +0000 Bob Lachance http://preforeclosuredailygrind.com/?p=150 PreforeclosureDailyGrind.com and ManageMyShortSale.com present their weekly real estate short sale video on the latest changes in the preforeclosure industry. Listen in as Bob Lachance and Chris Bowes talk about the latest mortgage servicer to fail and what that means to short sale investors and also how to extend a Foreclosure Sale Date!

For more videos visit www.PreforeclosureDailyGrind.com and to ask any real estate questions visit www.AskBobLachance.com.

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