Hello All:
Don't forget to tune in tomorrow morning to hear yours truly nation wide speak about why now is a perfect time to use Lease Options in controlling investment real estate with little or no money!!!!!
Now Every Saturday Morning !
XM Satellite Radio Channel 169
"Mind Yo Business Radio Program w/ Brian Higgins"
Time : 9:45 AM, EST
Topic : " The Economy & Leveraged Real Estate Investing "
Friday, May 29, 2009
Thursday, May 28, 2009
Real Estate Investing: Why The Up Tick in Foreclosures?
Hello All:
You may be asking yourselves why foreclosure filings are accelerating again? The answer is simple; when President Obama took office in January of this year, most mortgages companies place a moratorium on foreclosures. What this means is that until they figured out what he was going to due about a potential rescue plan for home owners, the best course of action would be to place everything on hold.
Now that the President has revealed his plans, the moratoriums have been lifted and the foreclosures have resumed. Truth be told the President's plan hasn't really helped the majority of individuals facing foreclosures, due to the fact that it is a voluntary program for the banks and mortgage companies.
In my humble opinion if they wanted to really help people facing foreclosure they would have passed the "Cram Down Provision" which would have allowed bankruptcy Judges to decide the fate of individuals facing foreclosure.
You may be asking yourselves why foreclosure filings are accelerating again? The answer is simple; when President Obama took office in January of this year, most mortgages companies place a moratorium on foreclosures. What this means is that until they figured out what he was going to due about a potential rescue plan for home owners, the best course of action would be to place everything on hold.
Now that the President has revealed his plans, the moratoriums have been lifted and the foreclosures have resumed. Truth be told the President's plan hasn't really helped the majority of individuals facing foreclosures, due to the fact that it is a voluntary program for the banks and mortgage companies.
In my humble opinion if they wanted to really help people facing foreclosure they would have passed the "Cram Down Provision" which would have allowed bankruptcy Judges to decide the fate of individuals facing foreclosure.
Thursday, May 21, 2009
Lease Options: Preparing to Call Sellers in 3 Easy Steps
First you have to go through your newspapers, preferably 2 weeks old. Start with the houses for sale by owner, cross out any by Realtors (at least for now). Next go through the houses for rent. Go online to the major FSBO sites and pull down homes in your area. Remember, with some of the changes these sites have made they provide bare bones information unless you sign up. up.
To save time, just take down the telephone number if provided or address so you have a starting point to make contact with the owner.
Now you are ready to organize your calling. Go through the above lists, be sure you don’t have any duplications.
Check your database to be sure there are no duplications; if you don’t have a database now is the perfect time to start one.
Now you are ready to call, here are the 3 steps :
1. Get your yellow pad and make up your headings of: telephone number, type of property, price, and notes.
2. Pull out your telephone calling script and start calling. If you get an answering machine, leave your message script for the appropriate type of property. When you get to speak to the seller, ask all of the questions in the script.
3. Remember, you want to build rapport with the seller.
In addition, by using your script you will get all your questions answered before you leave your home office to view the property. If not, you don’t leave your home office. Remember, your time, knowledge and energy are valuable commodities, you will not squander them.
Now you are on your way to making profitable deals, and it was easy as 1-2-3 !
To save time, just take down the telephone number if provided or address so you have a starting point to make contact with the owner.
Now you are ready to organize your calling. Go through the above lists, be sure you don’t have any duplications.
Check your database to be sure there are no duplications; if you don’t have a database now is the perfect time to start one.
Now you are ready to call, here are the 3 steps :
1. Get your yellow pad and make up your headings of: telephone number, type of property, price, and notes.
2. Pull out your telephone calling script and start calling. If you get an answering machine, leave your message script for the appropriate type of property. When you get to speak to the seller, ask all of the questions in the script.
3. Remember, you want to build rapport with the seller.
In addition, by using your script you will get all your questions answered before you leave your home office to view the property. If not, you don’t leave your home office. Remember, your time, knowledge and energy are valuable commodities, you will not squander them.
Now you are on your way to making profitable deals, and it was easy as 1-2-3 !
Friday, May 8, 2009
Real Estate Investing Tip: RE Radio
Don't forget to tune in tomorrow morning to XM Satellite Radio, Channel 169 @ 9:45 AM, EST "Mind Yo Business Radio Program w/ Brian Higgins" I will be his guest, and we will be discussing what's happening with real estate investing across the country...
Sunday, May 3, 2009
Real Estate Investing: New Appraisal Regulations
New Appraisal Regulations Under Fire as of May 1, the responsibility for managing home appraisals will move to a middleman, known as appraisal management companies or AMCs.
Under new federal regulations, mortgage brokers and loan officers can’t directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers.
The new rules have transferred the improper influence problem to these appraisal management companies, which are not regulated by anybody!
The marketplace is still vulnerable to appraiser pressure because the incentives are still there to get deals done and collect the fees.
Federal housing officials, who helped write the new laws, say they will hold AMCs accountable. Yea right, just like AIG, Citi, and all the others....
Under new federal regulations, mortgage brokers and loan officers can’t directly order appraisals. Instead, they are expected to go through third-party AMCs, which are supposed to prevent them from pressuring appraisers.
The new rules have transferred the improper influence problem to these appraisal management companies, which are not regulated by anybody!
The marketplace is still vulnerable to appraiser pressure because the incentives are still there to get deals done and collect the fees.
Federal housing officials, who helped write the new laws, say they will hold AMCs accountable. Yea right, just like AIG, Citi, and all the others....
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