The Preforeclosure Daily Grind» short sale

Is Freddie Mac Telling Short Sale Buyers to Commit Fraud?

Bob Lachance — Thu, 09 Sep 2010 17:49:42 +0000

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dig into the cold hard truth that Freddie Mac is now telling our short sale buyers to commit fraud when buying a property that has two delinquent loans on them! Listen in as we cover this unbelievable truth and also the little known trick on how to postpone a foreclosure sale date with Ocwen Financial Corporation, the sneaky but effective way to escalate a short sale file to Ocwen’s management department. Plus the latest upgrades to our online real estate management tool PropTrackr.com and more.

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit PropTrackr.com for more info.

What Short Sale Lenders are Making Closing Harder?

Mike Thompson — Thu, 05 Aug 2010 19:06:52 +0000

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into which of today’s short sale lenders are making it harder to get our transactions to close (the answer is not what you think)! Listen in as we tell you which lender it is, why they are doing it and how to make sure your deals close. The new mandatory authorization to release information that Wells Fargo has and the new email alerts that Bank of America is using via their Equator.com System and what they are intended to inform us of and so much more.

Buyer’s Inspection Reports Are Crushing 203 Thousand Loans!

Mike Thompson — Wed, 28 Jul 2010 14:53:49 +0000

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into how our end buyer’s lenders are cracking down on the inspection reports when they are trying to qualify for a 203,000 loans. Changes are happening everyday when it comes to trying to stabilize this economy, some good and some bad. Listen in as we tell you what to look for when getting our end buyer’s qualified for a 203K loan and much more. We also cover how Bank of America and their Equator.com system is now using automatic email notifications to update homeowners and 3rd party agents during each stage of the short sale process. Also we cover how Chase is updating and cleaning out their system and what to look for in the near future from them, a recent deal that blew up in our face and what happened and much more.

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available! Visit www.PropTrackr.com for more info.

Know your Closing Costs or Lose Your Short Sale Profit!

Bob Lachance — Wed, 27 Jan 2010 23:36:35 +0000

This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “the Drummer” Bowes is about making sure you know the exact costs that are associated to buying and reselling a short sale property. Whether you are a real estate agent negotiating for an investor or you are an investor yourself it is absolutely crucial that you have the best system to analyze your deals. In this video we cover how we analyze our short sale deals, the top 3 ways real estate agents can use their license to make extra money, hidden costs you may not be aware of when buying and reselling short sale properties and much more. Visit www.PreForeclosureDailyGrind.com for more short sale videos and www.ManageMyShortSale.com for the “industry best” short sale and loan modification management tool.

Fannie Mae Short Sales – How Long Do They Really Take?

Bob Lachance — Wed, 06 Jan 2010 23:58:16 +0000

This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “the Drummer“ Bowes is about how long a Fannie Mae insured short sale “typically” takes from start to finish. In this video we go over a recent deal that we closed with One West Bank that is filled with hidden tips and tricks. Listen in as we cover what to look for when you are accessing a property, the pitfalls of not knowing if your property is a “historical home”, making sure you are correct on your property repair sheet 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!

Why Persevering Every Time on a Short Sale Deal is a Must!

Bob Lachance — Wed, 30 Dec 2009 07:09:10 +0000

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!

How to Train an Attorney on a Short Sale Transaction!

Bob Lachance — Sat, 19 Sep 2009 19:02:30 +0000

This week’s Preforeclosure “Tip of the Week” is about how to train an Attorney or Title Company on how to properly conduct a short sale transaction. We also cover the latest and greatest backdoor move that Chase pulled and much more. Watch more preforeclosure media at ShortSaleDailyNews.com or PreforeclosureDailyNews.com.

How to Not Get “Blacklisted” from a Short Sale Department!

Bob Lachance — Fri, 21 Aug 2009 07:18:18 +0000

This week’s Preforeclosure “Tip of the Week” from ShortSaleDailyNews.com is about how to “NOT” get blacklisted from a foreclosing lenders short sale department, the new company that Citi Mortgage outsources some of their short sales to and much more!

Countrywide’s Loss Mitigation Department Slapped Us Around!

Bob Lachance — Sat, 15 Aug 2009 04:19:09 +0000

This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “The Drummer” Bowes is especially interesting because we got our hand slapped directly by Countrywide’s (BofA) Loss Mitigation Department about one of our prior videos! Make sure you listen in to the details! We also go over how Saxon Mortgage outsources there short sales and the process on how they do it and much more. Visit www.PreForeclosureDailyGrind.com for more short sale videos or to ask questions visit www.AskBobLachance.com. Please leave your comments and questions so we can address them on future videos!

How to Get a Short Sale Bank to Pay all Your Closing Costs!

Bob Lachance — Fri, 31 Jul 2009 04:16:26 +0000

This week’s Preforeclosure “Tip of the Week” is about how to get Bank of America Loss Mitigators to pay for all of your closing costs while getting your short sale transactions closed and how to plow through standard objections that are totally ridiculous!