Real Estate Investing

Are Bonuses On The Table This month Bank of America (BOA) has repaid the entire $45 billion it owed U.S. taxpayers as part of the Troubled Asset Relief Program and Citigroup, Inc. plans to pay back TARP by raising money in an equity offering. It seems these banks are getting ready to issues bonuses and they can’t do that as long as they are under the scrutiny of the TARP Program…coincidence, I don’ think so. Repayment of the funds frees BOA from the government restrictions that have hampered its search for a new CEO, including executive pay limitations. Bank of America’s Chief Risk Officer Gregory Curl and Brian Moynihan, the head of consumer banking, are among the top contenders. However, both men have been criticized by analysts as lacking experience or being too close to the Merrill deal. Bank of America was among hundreds of banks that received government support through the government's TARP program. The bank received $25 billion as part of the initial round of...

Meaningful Relationships When it comes to investing in real estate or simply conducting business in everyday situations it's more important than ever to build strong, effective and reliable relationships that won't let you down. If you are new to short sales it is even more important to understand how to navigate these "people problems" to avoid unnecessary issues and set the stage for profits. Here are a few tips I picked up as I began developing my business relationships and if you want to join our Team Click On This Link.   Create a Team - You have heard about teamwork for years but have you ever really put it to use in your own investments? Sit down and decide who to put on your "dream team" then set out to recruit, hire or volunteer until you have the talent and expertise needed for success. Bankers, brokers, insurance agents, mentors, apprentice, workers, repairmen and others are just a few examples of people to know.   Give- Share the we...

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We had a chance to review the guidelines before they came out and we already know that the loan modification program is not really going to help the people who need the help the most. The Treasury Department announced the first six participants to sign up for President Obama's loan modification program and they are JPMorgan Chase, Wells Fargo, Citigroup, GMAC Mortgage, Saxon Mortgage Services and Select Portfolio Servicing. The good news is that we have worked with and recently modified loans with every single lender presented here before they applied and or were selected to participate in the program. They all have internal modification departments dedicated to helping the homeowner facing difficult times. Now they will get incentives from the government to modify these mortgage loans; it will be interesting to see how many guideline changes they will go through before they decide to move forward with and approve homeowners for the government’s HAMP program. A statement is...

"Should I try to save my home from foreclosure with a loan modification or sell it as a short sale?"This is the one dilemma homeowners across the country are faced with and unfortunately there is no easy answer. It all depends on your individual situation and you have to speak to someone (or many someones) with a working knowledge of the process.   National Foreclosure Prevention Services does loan modifications for home owners, real estate agents and investors and part of our job and obligation is to make sure we are up to date on the different programs that are available. The lenders are constantly changing their guidelines to meet the many challenges and some of them are easier to work with than others. The government’s new proposals will actually INCREASE not DECREASE loan defaults. You have to wonder if these people have any idea what the average person is going through, both financially and emotionally. If you don’t have an adjustable rate mortgage (ARM) and yo...

Loss Mitigation and Short Sales Services   This time last year we started a marketing campaign promoting Loss Mitigation to real estate agents and investors. We thought you might be interested in adding an additional income stream to your business and that is why we started National Foreclosure Prevention Services . We are now looking to market and promote our Short Sale Business to interested real estate agents and investors. Our Loss Mitigation Business hasallowed us to help people save their home from auction with a loan modification and to help the homeowner avoid foreclosure by marketing their property for a Short Sale with our Real Estate Investing Business . We sent you an overview of the Homeowner Affordability and Stability Plan which is one of the Federal Government’s plans to stem the foreclosure crisis. The good news is the governments plan promotes Loss Mitigation and for those who do not qualify their only hope is a Short Sale . ...