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Events for the

Sunday, 07 September 2008

RESOURCES & ARTICLES

Sub2 & Insurance

Subject to and the insurance question. What do you do? Guru A says do this, Guru B says do this, Guru C says both of them are crazy because he has done over 500 deals and hasn’t done anything and nothing has ever happened to him.&nbs...

Short Sale Challenge - 1ST Mortgage NOT Discounting WHY?

The short sale game is serious and it comes down to what the lenders believe for value. You obviously know about the BPO...correct? Each BPO will provide the lender with an opinion of value. The lenders will short sale if they believe they are going ...

Seller Financing the Safe Way

Before getting too far into some of the ways to protect yourself when pursuing seller financing as a way to get a higher price for your home and a nice return on some investment money, let me make it clear that a real estate lawyer or accountant shou...

Prepayment Penalties Erode Your Worth

When a home buyer gets involved with buying a home, thoughts usually tend to center on staying in that home for a lengthy period of time, building both a family and equity. However, as we all know, your life can change in an instant and you never kno...

The Deficiency Topic Dealing With a Short Sale

I was reading more about deficiency questions with short sales and I thought I would elaborate a little on the subject. When you get a lender to accept a short sale the amount of debt forgiven becomes a taxable event. Example: Homeowner owes $250,000...