On this week’s Preforeclosure Daily Grind “Tip of the Week” we dig into how to keep, a defaulted 2nd mortgage from going from a banks loss mitigation department to a banks recovery department! As you may or may not know, this will make or break your deal! Listen in as we cover this and the importance of doing a quick title pull down BEFORE starting a short sale, the important details you don’t want to miss when viewing the land records. We also cover how you can make a deal with a 2nd mortgage in a short sale easier on yourself. Plus the HSBC’s discount ratio BEFORE they send their bad debt to their recovery department and the HSBC’s discount ratio AFTER they send their bad debt to their recovery department, and so much more.

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This week’s Preforeclosure “Tip of the Week” from PreforeclosureDailyGrind.com’s Bob Lachance and Chris “the Drummer“ Bowes is about how long a Fannie Mae insured short sale “typically” takes from start to finish. In this video we go over a recent deal that we closed with One West Bank that is filled with hidden tips and tricks. Listen in as we cover what to look for when you are accessing a property, the pitfalls of not knowing if your property is a “historical home”, making sure you are correct on your property repair sheet and much more.  Visit www.PreForeclosureDailyGrind.com and www.ShortSaleDailyNews.com for more short sale videos and articles. Please leave your comments and questions so we can address them on future videos!