Articles by Dan Havey on ArticleSnatch.com

Avoid a foreclosure on your credit report, short sale your home and save your credit

Thu, 28 Jan 2010 03:46:48 -0500

Part 8 (Excerpt) Avoid a foreclosure on your credit report, short sale your home and save your credit Ok, so that is good to know, I know there are people who want to try and do that and I really dont know. I am really a full time mortgage professional, I didnt get into the loan modification business on purpose, we write mortgage loans, real estate loans for residential and commercial, so therefore I dont know your laws on the same token you dont do loan modifications and you dont write loans, youre professional realtor. Exactly, and one more thing, bottom line is you cant be defrauding the bank. Because then youre stepping into mortgage fraud, as you know. You do have to have a hardship, you honestly do have to show, if youre going to be benefiting from staying in the home, you have to show a hardship that you cant afford the current payment. If youre making a couple hundred thousand a year and have a ½ million in the bank and owe $200,000 the bank isnt on your side in that case. **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Re-Default rates on Forbearance Agreements done with banks reaches 58%

Thu, 28 Jan 2010 02:53:58 -0500

Part 3 (Excerpt) Re-Default rates on Forbearance Agreements done with banks reaches 58% In studio with us today on this fine New years eve is Dan Havey, the co founder of the modification hotline as well as the author of The Foreclosure Sharks a great white paper he put together. He is also the author of Real Estates Future and this segment we are talking about loan modifications and some specific information. You also have a great story to tell about this to. Well unfortunately I have too many stories about people who have had to go through foreclosures, bankruptcies, loan modifications. The one story I want to talk about real quick is a friend of mine who unbeknownst to me went out and did a loan modification on her own and not to get into a whole bunch of technical details on it she ended up getting a pretty decent interest rate because they actually cut her mortgage payment in half and she was pretty happy about that. **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

New Fannie Mae Streamline Loan Modifications may do more harm than good

Thu, 28 Jan 2010 01:41:30 -0500

Part 5 (Excerpt) New Fannie Mae Streamline Loan Modifications may do more harm than good We do realize that there are situations that people are in that they want to be out of and we want to move past. We have back in the studio, the author of Real Estates Future also the author of The Foreclosure Sharks white paper, a fantastic manual that he has put together that you can get for free. Dan Havey thank you very much for coming back. You can get a copy of the white paper The Foreclosure Sharks at http://mortgageanswerman.com. So Dan I know that you have brought the just recently released new Fannie Mae, Freddie Mac guidelines, with their streamlined modification process. This is the kind of thing where the consumer can go and do-it themselves, right? Yes, except that we would certainly advise against that. These are the guidelines that Fannie Mae came out with; they are effective as of a couple weeks ago now. But with Christmas and the holidays I dont think a whole lot of people have figured out what this is all about yet. **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Attorney negotiated loan modification process Going thru the Legal Door

Thu, 28 Jan 2010 01:11:34 -0500

Part 7 (Excerpt) Attorney negotiated loan modification process Going thru the Legal Door We have Dan Havey with us talking about loan modifications. This segment we want to talk about the specifics of the actual mechanics of, how does it actually work for the homeowner? Let me just start it off and if you would then explain the back end of how it works. Our job is to determine where you're at now, be very specific about where you're at with your mortgage now, what the rate is, what it's done, those specifics. How much you make? We have to help the lender with one thing which is to establish a hardship which is crucial to this. You can't be making half $1 million a year paying $5000 a month in a mortgage, they are not just going to lower your interest rate because you want it. There actually has to be some sort of change, financial change, hardship. We determined that and then there is a significant amount of paperwork involved, Velocity Financial takes care of that for you. **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Hire an expert negotiator to work for you whether for a short sale or a loan modification

Thu, 28 Jan 2010 01:06:19 -0500

Part 6 (Excerpt) Hire an expert negotiator to work for you whether for a short sale or a loan modification Alright so getting back to the person that is looking to do a short sale how do they start? Well obviously, call us. The most important thing as we have been saying throughout the program, call somebody as soon as possible take it upon yourself to get the education. Education is your most important asset in hard economic times. So take it upon yourself if you have a lender or you have a realtor that you prefer to work with ask them about it, but make sure that you get their qualifications in dealing with this situation. Not every realtor chooses to deal with short sales. In fact our team actually negotiates on behalf of other real estate teams for their clients, we allow them to keep the listings but we do all the negotiations, because most realtors dont want to do it, its a not an easy process and its not something where you want to be a guinea pig for your mother in law to be doing. **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

If facing foreclosure call a short sale expert and get working on your short sale today

Wed, 27 Jan 2010 23:48:10 -0500

Part 4 (Excerpt) If facing foreclosure call a short sale expert and get working on your short sale today The lenders, its the loss mitigation departments that youre dealing directly, with the two of you doing the negotiations on behalf of the homeowner. Good, and then do you contact the lender immediately when someone calls you, and were going to talk about when they should call you in just a few minutes, but when the homeowner calls you do you immediately contact the lender and find out when the foreclosure date is and try to get that pushed back? We do that as soon as possible, we can check the foreclosure date on tax records, if there is one that has been set, but there is some paperwork that is involved before we can contact the lender, because the lender will not just speak to anyone on behalf of the homeowner. You can get a lawyer and they will not talk to your lawyer unless they have authorization in writing from you the homeowner to speak about their financial situation and their mortgage on their behalf. **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Short Sale Objections, Advantages and Hardship Letters; Keeping the Home Owner in the Home helps fig

Wed, 27 Jan 2010 23:32:08 -0500

Part 3 (Excerpt) Short Sale Objections, Advantages and Hardship Letters; Keeping the Home Owner in the Home helps fight vandalism One of the things I mentioned at the beginning of the last segment is this special allotment of funds that we received from one of our mortgage banks that we currently have available, a 30 year fixed, no pre payment penalty this is the real deal just what youre looking for a 4.875% interest rate with an APR of 4.95% and that is available we do have people at the office right now if you have questions in regard to that they can answer them for you. You would call 480-Velocity Michael, I have some clients who are buyers that would love that rate. Is that available to buyers as well? **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

The pitfalls for trusting your bank one more time; Beware The Foreclosure Sharks

Wed, 27 Jan 2010 23:26:38 -0500

Part 4 (Excerpt) The pitfalls for trusting your bank one more time; Beware The Foreclosure Sharks This whole loan modification thing reminds me a lot of the old Peanuts comics where every fall Lucy would get out with the football and she would set it down on the ground, and she would coerce Charlie Brown into coming along and kicking the football. Well of course as we all know Charlie never got to kick the ball, Lucy always pulled it out from underneath him and I kind of look at the mortgage industry, the servicing end of it in particular that way. You have to think about it, in many cases the loan that you were put into was not a good loan in the first place. The person who gave you that loan knew it was not a good loan, the Wall Street banks that came up with these crazy ideas should have known better. Now admittedly they didnt otherwise they would not be out of business today, but they should have known that these were not good products. **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Prices are back to 2003 levels: A Short Sale is significantly cheaper for a bank than a foreclosure

Wed, 27 Jan 2010 23:24:37 -0500

Part 7 (Excerpt) Prices are back to 2003 levels: A Short Sale is significantly cheaper for a bank than a foreclosure Were in the studio today with Kalyn Roberts and Jeri League of the Dreamvesting Group, these two young ladies are experts in the short sale area, they are NOT going to tell you what you want to hear, they are going to tell you what you need to hear. There is a big difference between what you want and what you need in the case of getting out of a situation. We talked during the break about the different types of people; who qualifies, who doesnt qualify, who this is good for, and who its not good for. I want you to talk about people who are upside down and how youre here to help. **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Short Sale and Loan Modification; Make sure your Work with and Expert

Wed, 27 Jan 2010 22:28:56 -0500

Part 2 (Excerpt) Short Sale and Loan Modification; Make sure your Work with and Expert Were just going to go ahead if we could and just jump right into the short sale information. Jeri, again thank you so much for taking the time to be with us. What is the name of your firm? Our group is Dream Vesting Group and our brokerage is Keller Williams Arizona Realty. So that is great, licensed agents with Keller Williams and I know the two of you and I know of your history and we will talk a little bit more about that, but you have been working together for awhile. You and I had a chance to speak about the short sales and your success rate, very, very impressive proven results always helps. So the natural first question for those that are listening today. What is a short sale exactly? A short sale is a property sale where the bank or lender agrees to accept less than what is owed to them. **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Fannie Mae is proposing to give you a 50 year loan with an adjustable rate

Wed, 27 Jan 2010 21:34:47 -0500

Part 6 (Excerpt) Fannie Mae is proposing to give you a 50 year loan with an adjustable rate The next one is that your loan to value on your house has to be at least 90% of the property value. So in other words everyone under 90% gets foreclosed on? Right, if you only owe 80% of what your home is worth, they can foreclose on you, take your house and they dont lose as much money. Back when I was working with Fannie Mae selling repos almost 20 years ago now, they always gave us the figure that they lost 20% of the homes value every time they had to foreclose. So they have plenty of room to sell your house if you only owe 80% on it. So if you owe, lets just throw out some numbers here, lets say your house is worth $100,000 and you owe $80,000 on it, well they are going to lose a little bit but they are going to make it back when they sell your house for $100,000. Yes, they would just as soon kick you out and keep their money. **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Loan modification pitfalls when dealing directly with the bank

Wed, 27 Jan 2010 21:31:11 -0500

Part 2 (Excerpt) Loan modification pitfalls when dealing directly with the bank So I have seen all kinds of things on the internet about how you can pay $495 and you can learn how to be a loan modification expert overnight. Well I can tell you after having worked with attorneys for 20 years that you are not going to know the laws, like the attorneys do, you are not going to have the negotiating skills, like the attorneys do, just by reading a book and filling out a couple of pieces of paper. That does not make you a loan modification expert. And then the important thing to point out here is even though we joke around here, Dan, Arizona is known as the wild, wild, west, there is no restriction in this state, at this time, for the loan modification industry. For people that are jumping in, for people who are trying to do it on their own, in their spare bedroom, or their old office in their homes, and nothing could be the scarier thing for a home owner. You need legal representation; **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Why you should use a licensed attorney to negotiate your loan modification

Wed, 27 Jan 2010 20:53:07 -0500

Part 1 (Excerpt) Why you should use a licensed attorney to negotiate your loan modification Dan Havey thanks for taking the time to be with us tonight. Thank you Michael for having me and you are absolutely right 2008 for many people was a very tough year. Tough year for pretty much everybody that I know, how many banks have we lost in 2008? Hopefully the bleeding is gone; hopefully there arent too many more banks to fail. Quite a few banks have picked up some of the slack, but the reality of it is so many people have been faced with such hardships, we have solutions that we are maybe going to talk about today that they can look forward to, to make 2009 a great year. Definitely that is what we are doing here with your organization at Velocity Financial and with the Modification Hotline and with many of the other things I am working on right now to help people out. **End Summary** Topics: Real Estate Marketing Mortgage Loan Modification First Time Home Buyer Program Seller Closing Cost Tax Credit FHA Federal Housing A]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 5 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 20:32:08 -0500

Real Estate Conditions 5 - Mortgage & First Time Home Buyer Dec08 Attorney & Loan Modification First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 5 (Excerpt) Loan Modifications are all the craze beware and only work with an Attorney I have been a part of these broadcasts where we have talked about the loan modification concepts exclusively and to your credit Michael and your team at Velocity I saw you guys as being first to the punch if you will, first to start introducing this concept not only to the listening audience but to your clientele whenever it might be appropriate for the people who need to look at that option. Now I am seeing on street signs that are handmade and posted on street signs all over the city, call me for loan modification. I am hearing commercials and radio broadcasts that are discussing this loan modification concept; **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Shorts Sales & Loan Modifications; Great Alternatives to Foreclosure

Wed, 27 Jan 2010 20:26:31 -0500

Part 1 (Excerpt) Shorts Sales & Loan Modifications; Great Alternatives to Foreclosure Kalyn Roberts and Jeri league, welcome to the program. Jeri and Kalyn are short sale experts and have graciously decided to come to the program to discuss some of the short sale important things that people do need to know, and were going to get to all of this short sale information, but a couple of things important to mortgage interest rates. Today is a fantastic day in the mortgage rate world. Leslie and Staci at Velocity Financial were kind enough to put together a scenario for us so listen to this folks. This is not the teaser, this is not the loss leader, this is the real deal as of today, a $417,000 loan amount, the interest rate is 4.875%, thats 4.875% that is below 5% obviously, the APR is 4.948% and that is for a no cash out loan, and that is a special rate and we have a certain allotment of loans that were allowed to do at that special rate. **End Summary** Topics: Short Sale Mortgage Foreclosure Real Estate Home Loan Mod Modification Short-Sale Mortgage-Short-Sale Foreclosure-Short-Sale Real-Estate-]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 7 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 20:14:50 -0500

Real Estate Conditions 7 - Mortgage & First Time Home Buyer Dec08 Refinance & Interest Rates First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 7 (Excerpt) The old rules no longer apply and Suze Ormond should know that. We have Dan Havey the author of Real Estates Future in the studio today. Michael, I was just curious, back when I got into the industry many, many years ago there used to be a rule of thumb that if you were going to refinance you had to lower your interest rate by at least two percent and I know as time went along and products changed that really became unnecessary, but I am just curious in todays mortgage market its a lot different than we were dealing with even two years ago. Is that still true that there is a 2% rule? Whats going on now? **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 3 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 20:08:33 -0500

Real Estate Conditions 3 - Mortgage & First Time Home Buyer Dec08 Hot Buyers Real Estate Market First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 3 (Excerpt) Now is a great time for first time home buyers to get into the real estate market Back in studio of course Brett Fallon are favorite and one of America's best financial advisors, and a very good friend of mine for a long time also Dan Havey. Dan, what is the name of the book? The name of the book that I am in the middle of writing is called, Real Estates Future. What it is, is a model that I created with a friend of mine. **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 8 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 19:07:04 -0500

Real Estate Conditions 8 - Mortgage & First Time Home Buyer Dec08 30 year Fixed FHA Financing First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 8 (Excerpt) 30 year fixed FHA mortgage is the best financing available for first time home buyers today. So now the only question that I would have, Michael is you only lowered the guys interest rate by 1/8th of a percent, weren't there a whole lot of closing costs associated with that? Good question, in this particular case no. There were no closing costs. Well then it definitely makes sense to lower your interest rate if it's not going to cost you anything and you can lower your monthly payment by 100 bucks a month you would be crazy not to do it. His breakeven was one day, in that particular case. It goes back to this Velocity of Money concept. If you're not sure if it makes sense or not, it's kind of a no-brainer, give the team at velocity financial a call. **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 2 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 18:57:22 -0500

Real Estate Conditions 2 - Mortgage & First Time Home Buyer Dec08 Seller to pay Closing Costs First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 2 (Excerpt) How having the Seller pay your closing costs can quadruple your money On the other hand if you roll that into the loan it's going to take you 160 months to break even on that. 160 months which is a little over 13 years, that is the antithesis of the Velocity of Money that we talk about on the show every week, so I am not convinced that its the right deal for the masses, but something that should be considered is what is the opportunity cost of taking the money out of Account X and the type of account you taking it out of has some impact too. **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 1 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 17:53:16 -0500

Real Estate Conditions 1 - Mortgage & First Time Home Buyer Dec08 Seller Paid Closing Costs First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 1 (Excerpt) Seller paid closing costs the best deal going Today were going to be talking about mortgage strategies, buying real estate, all the different things that you need to know from here on out through 2009, lots and lots of opportunities. We brought back once again one of the best financial planners in the entire country Mr. Brett Fallon. We also have in the studio today a very good friend of mine Mr. Dan Havey. Dan has been in the real estate and mortgage industry for over 20 years, in fact he got me into the industry, he was instrumental, in fact the major hand behind putting together of the loan modification hotline. Velocity Financial is a financial services firm, were primarily focused on doing mortgages for residential purchasing and refinances. **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 6 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 17:14:16 -0500

Real Estate Conditions 6 - Mortgage & First Time Home Buyer Dec08 Loss Mitigation Department First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 6 (Excerpt) How many lives have to be wrecked by the mortgage companies loss mitigation departments? I always tell people when I was dealing with them, with their bankruptcy situation or foreclosures or whatever especially when someone would call me and they would say, I want to file a chapter 13 to save my house and I would say, You dont even think about doing that without an attorney and I would give them an attorneys name and it would work out for them because I think the numbers were like 95% of all chapter 13s filed by the home owner themselves failed. And I think that is the kind of numbers were going to see in loan modifications, we saw numbers the other day that came out from the government saying that over 50% of the loan modifications are failing. I would suspect that 95% of those were not negotiated by an attorney. **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Real Estate Conditions 4 - Mortgage & First Time Home Buyer

Wed, 27 Jan 2010 15:54:32 -0500

Real Estate Conditions 4 - Mortgage & First Time Home Buyer Dec08 FHA Financing with low Rates First Time Home Buyers use FHA Mortgage and Seller Paid Closing Costs to Buy Real Estate Now. Best Market Conditions for Foreclosures and Short Sales in Decades. Go To http://RealEstateMarketingThisWeek.com Part 4 (Excerpt) 80% of homes can be purchased with FHA Financing You also talked about this graph you put together, it talks about the month of November was a 25% increase over the previous year. Obviously prices have gone down and it looks like it then has gone back up, and so once we finish selling off this inventory there is a good chance that were going to be finding or hitting the bottom. I think just in that region of $150,000 to $200,000 region that prices have really stabilized at this point, they may go down a little bit more, but I think for the most part, because that is where the financing is right now, with the FHA and the conforming loan limits, anybody in that price range can still get a loan. **End Summary** Topics: First Time Home Buyer Program Mortgage Real Estate Seller Closing Cost Tax Credit FHA Federal Housing Administration Foreclosure Sho]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Home Loan Modification 7 - Home & Real Estate Marketing

Wed, 27 Jan 2010 05:36:27 -0500

Home Loan Modification 7 - Mortgage & Real Estate Marketing Nov08 - Avoid Scams & Huge Loan Mod Fees Attorney Negotiated Home Loan Modification for Home Owners. Expert Advice on Real Estate and Mortgage. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com Part 7 (Excerpt) Watch out for scams; huge fees for Loan Modifications Important to point out folks that Velocity Financial is a full service mortgage broker, the majority of our business is writing and originating and underwriting mortgage loans for homeowners, people to buy real-estate, people to refinance their homes, people can still refinance out there, loan modifications are not for everybody, in fact they are for a small segment of the market. **End Summary** Topics: Loan Modification Mortgage Home Mod Real Estate Owner Loan-Modification Home-Loan-Modification Mortgage-Loan-Modification Mortgage-Modifica]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Mortgage Loan Modification 6 - Home & Real Estate Marketing

Wed, 27 Jan 2010 04:19:46 -0500

Mortgage Loan Modification 6 - Home & Real Estate Marketing Nov08 - Retirement or Mortgage Payment? Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com Part 6 (Excerpt) Using Retirement Funds to pay your Mortgage is just a bad idea Get a Loan Modification So it doesnt matter if it is a $100,000 property or a $500,000 property the cost to the lender is $50,000 on the average nationally. So the idea of the upside down scenario, you may see banks more willing to entertain a broader audience of loan modifications or a broader request of loan modifications based on the fact that they know that now, what we are calling toxic assets, not only exist on their balance sheets, but they want to do something to avoid the additional cost of foreclosing on the property, to avoid the additional impact on our economy nationally with all these foreclosures mounting. So a loan modification that may not be the best or most ideal candidate today, dont throw the option completely out of the window. **End Summary** Topics: Loan Modification Mortgage Home Mod Real Estate Owner Loan-Modification Home-Loan-Modification Mortgage-Loan-Modification Mortgage-Modifica]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com

Loan Modification 2 - Home Mortgage & Real Estate Marketing

Wed, 27 Jan 2010 04:17:13 -0500

Loan Modification 2 - Home Mortgage & Real Estate Marketing Nov08- Foreclosure, Servicers & Congress Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com Part 2 (Excerpt) Congressman Barney Frank is calling for the restructure of the loan servicing business Well, in the past we have talked a lot about loan modifications and since the first time we started talking about loan modifications the whole space has changed. Everything about loan modifications since our very first broadcast talking about it, we don't talk about it every week, but we do talk about it allot. It has changed so much, when we started anybody who had a significant hardship, or financial hardship, or had one of these toxic mortgages, that had adjusted, would be able to qualify for a loan modification. These things have changed all of a sudden, and not all across the board. Brett you made a comment earlier that people are concerned that once these servicers do these modifications they could be subject to lawsuits right? **End Summary** Topics: Loan Modification Mortgage Home Mod Real Estate Owner Loan-Modification Home-Loan-Modification Mortgage-Loan-Modification Mortgage-Modifica]]>]]> About the Author: ]]> Real Estate Marketing This Week is intended for the Mortgage and Real Estate Professional who wants to be involved with the game-changing technologies or Web 2.0 Social Media Marketing. From Video and Podcasts to Twitter and Facebook, as well as Article Marketing and Blogs, we will show you how to use them all to better serve your clientele. We can be reached at RealEstateMarketingThisWeek.com