First and foremost, remark on today’s video at shortsalepowerhour.com and you will have the opportunity to be entered into a drawing for free flip flops from the boys at Group 46:10

We are going to speak concerning a commission dispute that we had on a folder that was being handled by Bank of America. The backer on the folder was HSBC. The folder was rejected even though the offer being the same as the BPO. We came to find out that they sold the loan to Condor Capital.

Condor Capital is an asset management business that sells REOs and buys ugly stuff and they capitalize on it. They are more of an investor in this market out for yield. They didn’t necessarily do any loans. So, Kevin formally began dealing with them on July 1st.

Condor Capital reviewed the documents and noted that the commission was at 6%. They asked that we decrease the commission to 5%. They actually wanted to make the commissions 5% of their net sales price, which was purchase price excluding the buyers closing costs. Kevin responded to them telling them that he was not willing to do that. He knew that they liked the offer because they had previously told them it was a first-rate offer.

Condor Capital replied that their guidelines just allowed them to give 5% commissions. If Kevin didn’t accept that rule, they would simply foreclose on the property. This foreclosure idea got Kevin a tad upset.

It was clear that they were out to make more cash rather than discover a win-win situation for both entities. Kevin explained that he can get them a poorer bid and agree to the lower commission, but that wouldn’t be a win-win situation for either party. The policies they were utilizing were not in the best interest of either party. At the end of the day, you have to set up rules that help all parties successfully complete deals.

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From the very creation, shortsalepowerhour.com has spoken about the outback mindset. The outback is a result oriented mindset to identify processes that do not work and creating answers for them. The majority of people in a short sale deal are devoted to saying I can or I can’t do this based on what somebody else has told them.

We would like to chat about the HAFA program which rolled out April 5th. It was believed to be a game changing process. The HAFA program, in my opinion, has been a colossal failure. That’s not to say that people have not qualified for HAFA, but the point is that the predefined qualification standards are a slap in the face. The whole idea has been missed because no one understands the program even though the information is out there.

So, sellers come to us and say, “Hey I heard i can get $3000″. That is the instigation for the program and it creates an opportunity for an emotional circumstance and creates more sufferers.

About a month ago, I was up in Scottsdale at a big event where Matt Vernon, Bank of America official, spoke about short sales and the troubles that they have had with them. During the gathering he brought up HAFA and I laughed at him. I laughed because HAFA has been a complete letdown. Interestingly though, according to Matt Vernon, Bank of America has devoted themselves to producing their own program that is similar to HAFA to speed up the route and incentivize the home owner. The expectation is that the short sale program can be whittled down from 120-150 day short sale down to 60-90 days.

2 years ago, based on results, Coach Collard hated you guys at Bank of America. It is marvelous to see that you are talking about direction and you are making things happen. We appreciate the fact that you are candidly communicating with short sale brokers. Stick to the results and make it happen.

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Short sales are currently considered one of the most unpleasant forms of real estate transactions. Nevertheless, many homeowners in southern California are turning to them as a way to improve their financial situation. At Able Financial Solutions, we consider short sales to be as uncomfortable as they are costly, but we also recognize that under certain situations, they are the best option for both homeowners and lenders. 

Here is our policy on finding short sale solutions for you:

home loan modification 1: Try a Loan Modification First
Indeed, you should fully exhaust all possible options for loan modification before considering a short sale. Our Iron Clad Guarantee promises that you will pay nothing for attempting a loan modification unless it is successful. We also promise that you won’t have to pay us until you have a modified mortgage in your hand. Because we remove all of the upfront risk to loan modification, we strongly encourage you to try a loan modification with Able Financial Solutions before moving forward with a short sale. 

Step 2: Talk to Us About Your Options for Short Sale
Short sales carry with them two downsides:

• For Homeowners — Once a short sale is complete, you will have to vacate your home and find somewhere else to live. You have to plan effectively to endure this challenge.
• Short sales are tremendously expensive for mortgage lenders, which makes them unlikely to pursue them without an aggressive negotiation.

When we discuss your short sale options with you, we will help you develop a plan to combat both of these challenges. We will provide you with a realistic estimate of what your financial situation will look like after a short sale so that you can plan early for you and your family. We will also explore your lender’s interests to determine what leverage we can bring to the short sale negotiation that will help you to seal the deal. 

home loan modification 3: Execute the Short Sale
Short sales can take between 150 and 200 days to complete in southern California, and they can be a painful process to go through. Able Financial Solutions places a premium on execution during the home loan modification process, and this same aggressiveness is pursued during short sales. We will keep the pressure up on your lender, and keep you fully informed of the status at each critical step in the negotiation.

It is a common myth that diversification reduces risk and everyone should always diversify their investments. What better testimony to the contrary than Warren Buffet, who has publicly said he never believes in diversification. It is worth remembering that there are certainly situations where diversification is the best thing to do, especially for small and medium investors. However, there are many other situations where diversification is not the best strategy to follow and in these circumstances, diversification can yield very poor returns on investment by diluting profits in pursuit of minimization of risk. Just to invest in a particular asset class to diversify, people tend to remove money from profitable investments or take fast cash loans, both of which give poorer returns on investment. Therefore one should remember that diversification is not a fool-proof strategy but one needs to analyse the current financial and economic situation to determine the type of diversification that works best.

One should remember that by diversifying, one loses potential profits as risk is reduced. This is the general rule in any investment – lowering risk almost always reduces the earning potential as well. Thus if a person A had invested in Apple shares 10 years ago while person B had diversified into a number of technological stocks, the return on investment for person A would have far exceeded that of person B. Thus if one is planning for a risk free investment strategy, then diversification should be used. If not, one should take up higher risks and invest in solid companies individually.

Another aspect of diversification is across markets. Investors should, however, have a thorough knowledge of the markets they want to diversify into. The commodities market is a very good option for those people who want to add something other than the usual stocks to their investment portfolio and is a very good area to diversify investments into. The commodities market essentially trades in commodities and one of the simplest and easiest commodities to understand are precious metals. This includes not only gold and silver, but also platinum, palladium, copper, nickel, tin, etc. However, it is simpler to start with gold and silver because investors tend to know more about these metals than the others. Metals like copper are almost purely industrial metals, which means the price of copper really depends on the industry demand and supply, which needs a little bit of research to invest wisely.

When investors are planning to diversify into different markets, it is very important that they have some means of getting the latest financial and other relevant news especially relating to their area of diversification. For example, assume that an investor wants to invest in the metal palladium. In this case, he will need to look for the demand and supply for palladium through the various industries that use this metal and are dependent on it. In addition, one should look at the auxiliary industries that also depend on this metal. One should therefore look for financial subscriptions that carry the latest financial news. Many of these services are paid and can be easily covered with the help of fast cash loans.

What we are going to be looking at today are some of the tips that you will be able to look at when you want to understand the whole idea on property investment and what it can do for you. Well, it will be a great idea for you to know some of the important areas of this market as you would be able to make some good decisions that will turn your life around from there. This is one of the most lucrative markets that you would be able to invest in, and from there, make the sort of headway that you need. All in all, you also need to know that this is not an exhaustive list or a detailed article, what you need to do is to use this as a sort of a marker for you to expand your own research, and from there, make the kind of recommendations for yourself. In the end of the day, how this is going to happen is up to your own resources, and you can ask people who have been investing for a long time for some of the pertinent advice that might be able to help you make some headway into the market.

The first thing that you should be aware of are things like, of course, the price of the property that you are going to be buying, and of course, the sort of ideas that you need to know. You need to know the locations that are around the property and whether, following the property curve, whether or not, in the near future, the price will be going up in the first place. When you make investment, most importantly is that you are going to want returns and there is simply nothing like good returns on property. You should always aim for up and over 30% of the price of the property that you paid for when you are selling it, as this is a good marker for you to follow about the sort of ideas that you should be aware of. All in all, these are some of the tips and tricks that you need to be aware of in the end of the day. The most imperative thing about the property itself is the location as this would determine how much more investment you would be getting for your money’s worth and it is also a great idea to study location as well.

These are some of the property investment tips that you might want to know about, and of course, there is no set manual about this. It is all down to your own personal acumen and how you are going to go about looking at the property market in the end of the day. All in all, these are the things that are going to form the crux of your decision making. You would have to do more research if you want to have success in this area of your investment portfolio.

Kevin and Fred are lounging on Mission Beach in the San Diego vicinity. It’s a bit cloudy on the sand, but that is not keeping Kevin and Fred from enjoying the coastline. Seeing as relaxing is more vital to them than talking regarding HAFA, they have determined to make this one of the shortest short sale power hour videos ever.

HAFA has demonstrated to be a non factor in the short sale business. Dave Sutherland at Bank of America says it HOFFA, as in Jimmy Hoffa, who is no where to be found. That is a good deal like HAFA, which is no where to be found. Back in March, there was a four letter designation out there and other companies selling their certification and telling real estate agents that they need to get certified for HAFA because it was going to be a game changer.

HAFA has not mattered at all. At this time we are on July 21st, and HAFA was rolled out on April 5th. So far, of the few hundred agents that Kevin has spoken to in that timeframe, not a single one has reported completing a HAFA short sale.

We aren’t saying that no HAFA Short sales have been closed. We are just saying that we have not experienced it or know any realtors that have experienced it. So, at this juncture is what we would like from our spectators at present. We are requesting your notes under the video in at least the form of two records. First, how many HAFA short sales do you have in the system. And secondly, how many HAFA short sales have you closed.

The original month that HAFA was rolled out there were plenty of trainings to study about HAFA. Now those teaching courses are CE credit courses. It seems that all of the classes that don’t actually matter goes to a CE credit course because you would only go to it if you could essentially get credit for it.

We are hosting a Crush It Short Sale Class in the Phoenix locale on Friday, August 13th. It’s a real life, in the trenches, information you can make use of, class. Get registered today!

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Kevin and Fred are hanging out at Taco Surf in Pacific Beach, California. Fred in fact held his wedding reception at Taco Surf. If you are ever in the San Diego area, you ought to check out Taco Surf. The reason Fred is having such a tardy lunch today is because he has exhausted a number of hours this morning babysitting foreclosure sale dates.

The first file, serviced by Metlife for Freddiemac, has been a pest during the complete progression. The first time we attempted to complete this file, MetLife sought to foreclose. So, we went to Freddiemac and they willingly postponed the sale date. Nonetheless, the buyer on that deal fell through after inspections. Now we have a new buyer and we submitted that agreement at the end of June. We have been working with Metlife to get them each and every one of the papers that they needed until last week. Last week they notified us that they could not delay the foreclosure sale date because it was very late. So, this morning, Fred had to call Freddiemac another time to get the foreclosure sale date postponed. Freddiemac, once again, cheerfully delayed the auction date and sent Metlife an email asking them to reschedule the sale date for an extra 60 days because the offer on this home is more than the BPO. It surely makes you wonder what Metlife is doing in the short auction business.

The second folder, dealing with Chase, has been very frustrating. Fred was told last week that the sale date has been delayed and all is fine. Fred has talked to a couple of people that have been very helpful and pleasant, but the trustee has previously told Fred that the residence is going to foreclosure auction tomorrow. Fred called the trustee for the second time today and he confirmed that it is absolutely going to auction.

Finally, the Chase worker called Fred back and confirmed that the sale had not been delayed. Apparently, Chase delayed the sale internally, but Chase forgot to get consent from the investor. So, Chase had to go to the financier and request that they sale date be delayed.

We are not picking on any servicers or investors, but we want other realtors to realize that you must confirm foreclosure sale dates with the trustee. Trust no one in the banks and corroborate everything.

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There are approximately 5,000 residents in Gainesville, Virginia.

The county is in the heart of the rolling hills of northern Virginia, about 35 miles southwest of Washington, D.C. and is comprised of the following cities:

Bristow, Catharpin, Dale City, Dumfries, Gainesville, Haymarket, Lake Ridge, Manasses, Manassas Park, Montclair, Nokesville, Occoquan, Quantico, Triangle, and Woodbridge

Prince William County presents a diverse geographic picture from the Appalachian foothills to the Potomac River shores. From one to the other are thriving businesses, growing residential communities, and quiet rural areas. County residents enjoy first rate public schools, a low crime rate, plentiful recreation opportunities, and a dynamic community.

The average income in Gainesville is $91,000 annually.

The city lies directly in the path of current, extensive urban development occurring down the East Coast of the United States.

Our web site was created to show homes for sale in Gainesville, Virginia and help those looking to establish roots or relocate to the area.

We are proud to present homes that offer the best in northern Virginia living whether they be beautiful townhomes, 3 bedroom family homes, or multi-million dollar estates.

Gainesville has everything from homes with lots of acreage to those with very little ground maintenance at all.

By using the easy navigation menu, you can see the wide range of properties available by price whether from the low $100,00 or over 1 million dollars.

Each property is listed based on the address and then you can read a description of all the features that make the property one that we are happy to place on our site.

Call 888-400-2961 if you see a home or homes that you are interested in. The professional staff will be honored to assist you in your search to find the right home for you and your family.

Go to our web site, search homes for sale in Gainesville, Virginia and find your dream home today.

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Bulk REO Investing

Property investing is a hard business at this time. As the business of purchasing and also possessing real-estate as a lasting investment continues to be a reliable and also practical system for wealth building, profit is not confirmed as it once appeared to be.

Keeping that in mind, the smart real estate investor will consider some specific real estate investment concepts to be able to accentuate the “tried and true” strategy regarding long-term buy-and-hold investment houses:

* Affiliate marketing – The net keeps growing with an astounding rate and its particular value being a marketing and advertising medium develops also faster. With all the expanding influence of social networking and the capacity of “normal” online users to directly interact together, the net has become a heart of social marketing and a remarkably viable medium for “getting your message out” regarding products and services designed to regular people. The huge benefits are definitely not available to big companies, either. While the internet happens to be more and more aggressive in recent times, it’s still imminently accessible being a marketing and advertising medium also with regard to one entrepreneurs with a modicum of willpower as well as education.

* Bulk REO – the actual incidence associated with foreclosures in our economic climate has placed home loan financial institutions into a difficult situation. With large pools of foreclosed properties on their books, it’s no longer efficient to get these types of loan companies to sell their own foreclosed properties one-by-one through real estate agents. As a result, lenders are increasingly opting to trade their foreclosures in “packages” to well-funded investors, at steeply discounted prices. Bulk REO investing is a rapidly trend plus will continue to be a significant tool for real estate buy and also disposition until such moment when the existing foreclosure catastrophe abates plus the foreclosure rate regresses to much more typical famous levels.

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This is a new world within the real estate investment opportunities business. It would be very, very simple to think that the foreclosure situation has caused the door of opportunity to end up being slammed entirely closed. Yet that’s simply not the case. When one observes the actual state associated with the real estate market, it’s undeniable that fundamentals make a difference today. For example, the choice of the local real estate marketplace is of greater magnitude than ever, considering the substantial disparity that exists among the thousands of real estate markets throughout the united states. Additionally, the purpose of regulatory submission is actually greater than ever given the capitalist nature within the existing presidential administration.

Undeniably, you can find quite major challenges in today’s property investing market. But together with some perseverance, conviction and creativity, there is still an abundance of advantage.

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To have a much better chance of finding your dream house, take the time at the beginning of the house hunt to ask yourself some important questions that will assist you and your real estate agent narrow the field and reduce a lot of inefficient effort. Setting aside time to evaluate current market conditions can help you take smart decisions and realize the best return on your investment. To avoid the risk of purchasing a home on impulse that has challenges you had not considered, attentively determine your long-term requirements before placing your signature on the contract.

Many real estate sectors have established regular patterns that determine the cost of the property derived from the surrounding environment.. Therefore, determining which locations suit your needs is a crucial first step. Are you ready for a country property with space to expand, or is it more valuable to have less square footage to be close to your place of employment to cut down on your commute? A small city may be appealing for its serene atmosphere but buying in the Halton Hills real estate sector when you have to drive to Toronto may not be the best choice. By determining the area that matches your criteria early on you are able to centre on evaluating the amenities in the desired housing market.. Narrowing the field by location specifics also helps you set up the next set of parameters based on what the market in that area has to offer..

Once you have decided where you would like to live, stop to think through the type of space you will need to make your new house comfortable and productive. Besides the basic requirements of the number of bedrooms and bathrooms you need, as well consider about how much extra room you may later use.. Will you work from home and need a home office, have lots of stuff that requires storage or is it important for you to have a guest room. Do you have children and pets that could benefit from a fenced backyard, or would you prefer have a lifestyle that does not involve yard maintenance so buying a condo or tract house would work better? You may choose to look at buying something in the Hamilton real estate market that will give you more square footage for your money.

Once you have the size and area determined, another factor you will encounter is the various conditions of available homes and their influence on the final price.. A distressed home could greatly reduce the amount of mortgage you need and save you a lot of money on a mortgage if you have the patience and carpentry skills required to make the needed improvements within your budget. If you are located in a city like Brampton there are lots of Brampton properties for sale but ones that are a little rough around the edges will have less buyer competition. But if your busy lifestyle demands that your time at home is not spent on home repair projects, it may be better to focus on slightly pricier houses or condos that do not need repairs or upgrades anytime soon.

Of course, the final price is always what you can afford, and to ensure you do not find yourself in a circumstance you later are sorry about, it is crucial to wisely assess your finances and provide those figures freely with your real estate professional to realistically determine the most advantageous way to finance your transaction.. Take your time to understand all the market ramifications of current interest rates, determine if you qualify for financial help and research the real estate trends that can impact your purchase in the future..