On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the important points that you should know in regards to what debt is and what debt isn’t discharged when a short sale client files Chapter 7 Bankruptcy. Listen in as we cover this extremely important topic and also an introduction to H&R Block Bank and what they allow for a maximum real estate commission and seller’s concessions, whether or not you are allowed to prequalify your end buyer when Bank of America is originating the loan, why it is CRITICAL to educate your buyer’s agent when dealing with a short sale property, the common misconception that a short sale lenders and a buyers lender actually communicate when they are the bank and much more.

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the 3 main reasons why short sale investing, short sale processing and short sale listings will be around and “hot” for another 3 years! We cover one huge “hidden” secret that the government does not want us to know that will ensure that short sale experts are going to be around for a long time! Listen in as I cover this and what new company Bank of America is using to handle their HAFA short sales, how that company reviews their short sale transactions and much much more!

On this week’s Preforeclosure Daily Grind “Tip of the Week” we tackle what to do when you are negotiating a short sale and you get stuck with an over demanding loss mitigator. We cover how to figure out if the demanding requests for more short sale documents are coming from the actual lender (Chase), the lenders investor, the Mortgage Insurance Company or just an inexperienced negotiator; The different levels a short sale travels in order to get an acceptance. Plus the latest way Bank of America and their Equator system are jamming up your short sales when you are at the closing stages, and more.

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On this week’s Preforeclosure Daily Grind “Tip of the Week” we tackle the latest way that Litton Loan Servicing is handling their loan modifications. We cover how they deal with sellers, agents and third party loss mitigation companies when they are servicing the 1st mortgage. We also go over what they are doing when they are servicing a 2nd loan and what debt collection company they are working with. Chase’s new practice regarding sellers that miss one payment and what foreclosure “status” they put them in and what you need to do to get them out, and more.

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On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the facts behind doing a short sale on an FHA insured loan. We cover the positives, negatives and give you “hidden” tips and tricks when discounting these properties. Listen in as we also cover the how to “escalate” an FHA insured file so you can speak directly to HUD’s national office, one of the only remaining lenders that still require our sellers to go through HUD counseling. We also touch on the maximum amount of money that FHA will give attorneys and title companies, whether or not an FHA insured property needs to be listed in order to qualify for a short sale, whether or not the homeowner needs to be in default to start an FHA short sale. The “truth” behind whether or not a “VACANT” FHA insured property can be filed for a short sale. We also cover if Bank of America negotiates FHA insured properties on their Equator System and more.

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On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into what many of today’s buyers’ lenders are requiring on your short sale acceptance letters, in order to finance a short sale purchase transaction. Listen in to see what McCue Mortgage is requiring from Bank of America and CitiMortgage. We also cover what line to put a 2nd lien holders payment on a HUD-1 settlement statement to satisfy a 1st mortgage, why you can’t change a Bank of America short sale approval letter, why CitiMortgage no longer accepts extra payments of the HUD-1 settlement statement and more.

Take a 14 day test drive of the easiest, most comprehensive real estate management platform available!  Visit www.PropTrackr.com for more info.

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into the latest and greatest challenge when dealing with a Servicer (Lender) who goes against their Investor (the entity who owns the money) and their written guidelines and how to overcome it. We also cover the latest updates to our Real Estate Management Tool that will save you a lot of money, a deal in which we’ve had to go over a lenders head and straight to the investor due to another bait-n-switch, why and how to get two negotiators to work together when they’re both within the same lender and on the same property, a recent “challenging” SunTrust deal that we finally got closed after a year and much more.

On this week’s Preforeclosure “Tip of the Week” we cover the latest challenge that one of today’s big name Transactional Funding Companies is creating for short sale investors and which foreclosing lender will no longer allow you to use them.  As many of you may not know Lenders are now watching your every move so if you are not on top of your game you will get crushed! Listen in as we go over this latest “hot” topic, the latest Bull$hit that Bank of America pulled in reference to seller concessions, the latest tip on how to use the Equator.com system and why we love them, Chris “the drummer” Bowes’s latest gig in Nashville, TN and much more.  Visit www.PreforeclosureDailyGrind.com for more real estate videos from Bob Lachance and Chris Bowes of North Shore Enterprises.

On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into what is going on with SunTrust Mortgage and how long they are actually taking to close short sales these days. We go over a recent deal we have with them and some tips and tricks on how to get a short sale deal closed when you have two mortgages with the same lender. Listen in as we cover this and how often SunTrust Mortgage will order a new BPO, what Fannie Mae will allow 2nd mortgage holders when they are in first position, whether or not SunTrust will give a “Settlement in Full” or a “Release of Lien” only on their short sale approval letters and more. Visit www.PreforeclosureDailyGrind.com for more real estate videos from North Shore Enterprises.

On this week’s Preforeclosure Daily Grind we cover how to escalate a Bank of America short sale file to a supervisor. On this deal they closed our file due to the fact they had a malfunction in their Equator.com system. Listen in as we tell you what to do to overcome this situation, the latest news on how FHA negotiates their short sales (whether it is through the Equator system or not), what language you “must” put in your FHA purchase contracts, what language “must” be on the FHA listing agreements and much more.  Visit www.PreforeclosureDailyGrind.com for more videos from North Shore Enterprises.

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