Owner: Cory Boatright Short Sale Fundamentals URL:http://www.shortsalefundamentals.com/ Join Date: Wed, 22 Oct 2008 15:24:24 -0500 Rating:0 Site Description: Short Sale Fundamentals Site statistics:Click here
How Can We Serve Each Other in Web 2.0? 2008-10-22 14:56:16 The very idea that we can remain still while the world around us changes is selfish and becoming unrealistic. There are amazing technologies that allow a greater scale of efficiency. Does that make sense?
If it doesn’t… watch this video and send me your comments about it.
I would love to hear your thoughts on how Web 2.0 can affect your short sale business?
The Short Sale Option Contract Package 2008-10-22 14:54:52 Here is a copy of the Option Contract Package. These are the same documents that Old School Title uses.
If you have questions, comments or concerns leave them below.
Short
Sale Option Contract Package
Title Order
Shortsaleology Version 2.1 - Promotional 2008-10-22 14:52:37 We had a great launch today and people continue to sign-up every hour. Here is a little picture and link to encourage you to do the same. By the way… don’t forget to check out short video explaining Lender Negotiations.
Let’s grow this community and make it phenomenal!
I can’t wait to see you there!
What is the "Dip" in Your Life? 2008-10-22 14:50:54
I’m going to start this conversation out a little different.
Is that cool with you?
First, YOU are a world changer IF you can embrace the vision that has been gifted to you on how you can add value by passionately sharing it with others.
What in the world does that have to do with short sale real estate investing?
Not much… unless you consider how you can serve others such as the Vision f
I’m About To P*SS YOU Off but It’s Worth It 2008-10-22 14:49:38 I’m going to share my heart with you today in a way that I never done before.
I am inspired by several things that I encounter on a daily basis. I’m sure you can relate with that too. We’ll today I was inspired to talk about something that I think is being left out of almost every short sale investor’s business that I meet. It’s something that I’m passionate about because it is all a Read more:Worth
My Friend Passed Away 2008-10-22 14:47:51 Howdy (yes I am from Oklahoma)
First off I apologize for not putting something up for a few days.
You see I had a friend that passed away this week and it has been tough for me to deal with the emotions that go with a lost friendship.
Anyone that has dealt with a similar situation can relate. The really crazy part is I have not even thought about the great times we had together. You know the ones
What Do You Think About Capping the Rate? 2008-10-22 14:46:12
Here is an interesting article from:
Mortgage News Daily received an email this week from a reader with an intriguing idea for, if not solving, at least lessening the foreclosure crisis. What we loved about it was its simplicity.
The reader said that she works with a real estate attorney in Florida, one of the three states most heavily impacted by foreclosures. She said that her workload has sh
I’m Going to Be in Cleveland - Come By and Say "Hello" 2008-10-22 14:44:55 I hope everyone is having a productive day.
I am leaving today around 4PM and heading to Cleveland
, Ohio. I will be staying at the Marriot. Call Rick or Gary for more details. Please call Rick at 440-545-2341 or Gary at 440-545-2340.
Why am I telling you? I would love meet you there! Just email me cory@shortsalefundamentals.com and let’s see if we can meet up… COOL?
By the way… Josh Read more:Going
, Hello
You Walk Away 2008-10-22 14:43:56 p>I just read this article and it was a pretty interesting concept. Has anyone else heard of this?
The statistics are all over the place, but it is clear that not only are mortgage delinquencies and foreclosures skyrocketing, but millions of homeowners are "upside-down " in their mortgages; that is they owe more to the bank than their houses are worth and a report this week predicted that number w
Remember Those Suffering 2008-10-22 14:33:51 I would like to ask you for a favor. Would you watch this video and considering donating to the cause? I don’t care if it is $.50 Anything you can spare can help feed a child or adult living in a tent under a bridge in New Orleans. This is perhaps one of the best uses of your money. If you just closed a short sale deal consider donating. If you flipped a house consider donating. If you just ha Read more:Remember
, Suffering
FHA Lifts 90 Day Seasoning Rule for 1 Year! 2008-10-22 14:32:49 Yup… you read that right!
This is going to be an AMAZING here especially for all us short sale investors. Just think how many different programs FHA provides first time buyers to qualify to buy a house. Now take those buyers and match them up with all your short sale approved houses and what do you get?
Short Sale Buyer FRENZY!!!!!
Where do you think are some of the BEST places to find FHA Buye
Foreclosed Properties Only! Dang It! 2008-10-22 14:32:08 Well I almost was ready to swing from the rafters! Then all of a sudden reality struck!
It seems the 90 Day FHA Seasoning Lift for 1 Year only applies to properties acquired from foreclosure. That means it really doesn’t affect short sale properties.
Download HUD Flipping Guidelines for 90 Day Seasoning Lift
WHAT ARE YOUR THOUGHTS ON THIS? Read more:Properties
Government Foreclosure Rescue Program 2008-10-22 14:30:54 This is something all of us need to keep a pulse on.
Summary:
The centerpiece of the package is a foreclosure rescue program in which the Federal Housing Administration would provide $300 billion in new, cheaper mortgages for distressed homeowners who otherwise would be considered too financially risky to qualify for government-insured, fixed-rate loans.
Borrowers would be eligible for the housi Read more:Foreclosure
, Government
, Program
, Rescue
How to Determine Your Short Sale Offer 2008-10-22 14:29:53 Here is a question I’m constantly being asked by my students and other real estate investors. The answer to it is not an exact science. First let’s identify some common used terminology.
BPO (Broker Price Opinion): A generalized opinion or value of the property. These can be exterior and interior. They are ordered by the lender and sent to a third party or BPO company such as BPODirect, Firs Read more:Offer
, Short
Help Me Pick the New ShortSaleology Logo 2008-10-22 14:23:37 OK here’s the deal. The last time I gave away something you guys went CRAZY! So… let’s see happens THIS time.
I’m running a little CONTEST on a design logo for the new launch of ShortSaleology 2.0. If you haven’t heard about it don’t worry… you will soon.
I need your help. Would you mind sharing your opinion on which logo you think is best and WHY? I really appreciate it.
Go lo
I Want to Quit Because This Takes Work and Time 2008-10-22 14:22:26 No… No… Don’t worry this isn’t about quitting anything. It is about recognizing the marathon from the race.
What do I mean?
I hear it almost every day from local restate investors and even some of my students.
OUR JUSTIFIABLE EXCUSES
· This real estate stuff is just TOO HARD!
· Short sales take too much time to be profitable
· Flipping is going away
·
What Aren’t You Success in Short Sales? 2008-10-22 14:20:59
I had a rather interesting email sent to me that made me think that others would have a lot to contribute to the subject of it. It is an interesting way to think about solving challenges you are dealing with in short sale investing, but I believe from all the responses we get from this it can serve many people with answers they are seeking for it.
So… here is the email.
Cory,
As in your att Read more:Sales
, Short
, Short Sales
, Success
Freddie Mac to the Rescue! 2008-10-22 14:18:15 Stop the truck Sally!
This BREAKING NEWS report just came in from Mortgage News Daily. I’m really curious on how some of you think this is going to affect your short sale investing. All you 21-Day foreclosure states just got a hand up to 300 DAYS! How’s that for assistance? Also… read the part about how they are DOUBLING the pay for short sales to the services that complete them. HMMMMMm Read more:Freddie
, Rescue
Breaking News - New Fannie Mae Changes 2008-10-22 14:14:43 Fannie Mae Raises Lender Fees, Releases Retained
Attorney List
Carrie Bay | 08.07.08
Resource: DS News
Earlier this week, Fannie Mae announced that it is increasing the fees it charges lenders for purchasing their mortgages and making adjustments to its pricing structure for home-loan securities. The government-sponsored enterprise (GSE) said these changes, which are effective October 1, will bet Read more:Breaking
You Seen Andy Proper’s Virtual Birddog Blueprint…35 Page Giveaway? 2008-10-22 14:13:05 Did you download the gratis preview of Andy Proper
’s
new "Virtual Bird Dog Blueprint
" I emailed you about?
If not, please let me urge you to go ahead and do so.
Download the Preview Right Here, Right Now
VirtualBirdDogBluePrint
This is some of the most brilliant, cutting
edge, "4-Hour Workweek" stuff out there right now.
You’ll find a TON of good stuff in there about virtual
real estate
Is The Sky Falling with Short Sales - Part 2 of 2 2008-10-22 14:04:15
Here you go…PART 2The information on this call is of
HIGH RELEVANCE to anyone in the
business of flipping houses or
doing short sales.
If you missed the email about Part
1, it was all about whether or not
the sky is beginning to fall with
short sales.
Part two starts off with taking
the “are simultaneous closings
really dead?” question, head on
by yours truly.
And this is gratis, folks Read more:Sales
, Short
, Short Sales
Is The Sky Falling With Short Sales? - PART 1 2008-10-22 14:04:14
Is the Sky Falling With ShortSales
?
Here is a very recent conference call where two of my friends Shaun and J.P. discussed “Is the Sky Falling With Short Sale?”
The purpose of this call is to educate on what is REALLY HAPPENING in the market today with short sales.
This PART 1 of a 2 Part Call that was intended to be private, only for a small group of people. But frankly the stuff we d Read more:Short Sales
Breaking News! - US Govt Takes Over Fannie Mae and Freddie Mac 2008-10-22 14:04:13 US Government takes over mortgage giants Fannie Mae and Freddie
Mac
Resource: News: Yahoo.com
Treasury Secretary Henry Paulson, Jr. speaks during a news conference in AP – Treasury Secretary Henry Paulson, Jr. speaks during a news conference in Washington, Sunday, Sept. 7, …
WASHINGTON – The Bush administration seized control Sunday of troubled mortgage giants Fannie Mae and Freddie Mac , Read more:Breaking
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