On this week’s PFDG “Tip of the Week” we dig into which Foreclosing Lenders are pissing off sellers due to their multiple requests for updated documents. Listen in as we not only cover which lenders are causing undue stress on your short sale transactions, but how to make sure your sellers stay with you for the entire deal, how to work with “lazy” and uncooperative sellers, how to prevent any misunderstanding of the process. We take a look at the interesting update on Chase’s short sale approval letter and how it seems like they DON’T want to be paid. An update to our new “one stop” Small Business Workspace FinerSolution.com… Email Marketing, Social Media Marketing, Contact Management, Website & E-mail Hosting and the growing app market.

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On this week’s PFDG “Tip of the Week” we break down the latest changes on how fast short sale transactions are taking, from the inception of your short sale package all the way to the short sale acceptance letter, from some of the biggest lenders and investors that are still around today! Listen in as we tell you not only how long the short sale process is now taking, but also how bank audits are effecting what is needed in our short sale packages. We’ll also cover why informing buyers, sellers, real estate agents, and attorneys that these changes will affect our closing times is crucial, and is a “DEAL SAVER,” and also an update on our new and improved CRM (or Small Business Workspace) FinerSolution.com, and much more.

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!

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!

Welcome to Part 2 of our short sale video documentary series on the short sale process. As you will see in this 2nd video, we are picking up where we left off from the 1st video, in which the 3rd party authorization was submitted to the foreclosing lender.  This video will show Chris (our top loss mitigator) going through an actual call on how we follow up on an “authorization to release information” form to make sure it’s on file.

We focus on how our company makes sure that the task that was supposed to be completed is in fact completed. In “part 2” of this short sale series we find out that we made a mistake on the authorization form that we faxed to the bank and so this video also includes how we overcame it! *Remember, in “Part 1” of our Short Sale Video Documentary Series we mentioned we are negotiating a short sale for one of our coaching students.  We noticed that the error was that the company name was incorrect as it was completed with our student’s company name on it.

I narrate this video and talk to Chris about this stage of the process as we go through it in our office. Chris will show you how we make sure we get to the correct department to follow up with, how we meet with any challenges that we may encounter, and how we “sometimes” have to think on our feet when we make mistakes! This will be an unedited video documentary so that any real estate investor or real estate agent (whether it is a wholesaler, rehabber, or a short sale specialist) will have the confidence to pick up the phone and get the short sale side of your business up and running.  After you finish watching this video, feel free to leave a comment on this blog. Also, if you want to ask any question on the pre-foreclosure business visit www.AskBobLachance.com and stay tuned for our follow up video on this Short Sale Documentary!

We are doing a video documentary series on an actual short sale from the start of the short sale process all the way to the end. We are starting this video series (part #1) with the seller already on board and ready to sell their property. As you will see in this 1st video, we are using a student’s property as an example because one of the agreements we made with him is that we would video tape each step of the process and what we do and how we do it for his staff of loss mitigators!

In this video, we focus on how our company starts the short sale process; after we receive the homeowner’s “Authorization to Release Information” (*which will allow us to speak with the foreclosing lender on their behalf).

I will narrate this video and will be talking to Chris (our top loss mitigator) about the actual process that we go through in our office. Chris will show you how we fill out our fax cover sheet, what we put on the fax cover sheet, where to find the correct phone number to start the process and how to find the correct fax number for the correct department that is handling our short sale.  This will be an unedited video documentary so that any real estate investor (whether it is a wholesaler, rehabber, or a short sale specialist) will have the confidence to pick up the phone and get the short sale side of your business up and running.  After you finish watching this video, feel free to leave a comment on this blog. Also, if you want to ask any question on the pre-foreclosure business visit www.AskBobLachance.com and stay tuned for our follow up video on this Short Sale Documentary!