West Palm rehab
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Nationwide commercial real estate financing. Commercial loans for mutifamily,hotels,retail,office,mixed use and more
CRE CONNECTIONS
916-847-7212
Duration : 0:0:17
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I want to offer a few of my own ideas on the REO market.
1) Firstly, there is no such thing as “bank direct” bulk REOs. Banks do not have real estate departments designed to move large packages of homes. The banks have an exit/holding company that sells their REO packages for them to weed out the real buyers for them. Each lender has between 3-5 companies they outsource who do this for them. Due to SEC laws, these companies cannot legally publish their deals in the public forum. Either you know someone in one of these holding companies or you do not but there is no chance you would find them through an online search because that goes against their legal limitations. Unfortunately, most people desiring these properties have no such way of generating these contacts.
2) If you’re buying exit/holding company direct, then you’re paying a maximum of 30-35 cents on the dollar for a package or you’re getting it somewhere else.
3) True exit companies sell whole pools of packages. There is no customizing your package. Customizing is only true if you are buying your REO packages on the retail market. Again if you’ve found a real seller and are purchasing at more than 30-35 cents on the dollar, your package is not holding/exit company direct. You get what they have for sale and if you do not like it, you reflect that in your bid. Because these are not listed in public forums, typical winning bids are in the 30-35 cents on the dollar range or even much less.
4) There is no such thing as a “tape”. It is a made up broker word. Exit/holding companies produce deeds and keys to properties. You bid on the properties. Upon notification of a successful bid, you have one week or less to close. They give you the deeds and you do with them as you please. No where in there does a “tape” exchange hands.
5) For some reason most investors think CA and FL are the best areas. Because these have the highest retail levels of competition, they are actually the worst. As the saying goes “Buy low – Sell high”. If you’re looking for just CA or FL, you cannot buy low making them much lesser returns. True packages contain assortments of properties all over the country. Do not get sucked into the trap. In many ways, the best deal is anywhere you can get a great buy at, irrespective of that local market.
6) Lastly, if you are looking to exploit my holding company sources then we can work together. I do not in any way represent the company I work with, thus I am not bound by any of their legal limitations. The only way we can work together is if we do a JV. Most brokers are using your funds to shop as a retail level deal.
I have a private hard money lender who lend against our purchase as a blanket refinance AFTER purchase. Literally, you put up the funds have them back in less than 30 days. You are still able to benefit from the residual returns. In the meantime, your capital risk is non existent.
I work with a specialized company that will resell the entire package for us in less than 120 days. They simply offer retail pricing to other retail level investors. Without leveraging, our current clients are seeing their funds doubled in less than year. With leveraging, we can far exceed those returns. It’s your choice.
Proof of funds statements, LOI, NCND and all the other broker agreements are not relevant for our transaction. Those agreements are sure signs you are dealing with a broker. You must be willing to move your real money into an escrow company of my choosing and sign a joint venture agreement. I recommend getting started with a smaller package in the $1-5 million dollar range to allow us to prove our worth as a company.
You can view a brief presentation on youtube at the link below:
http://www.youtube.com/watch?v=X4pENzZUE5w
Frank Fihn
Fihn & Associates
Toll Free: 1-877-837-2652 ex703
Email: frankfihn@gmail.com
Duration : 0:8:22
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29
Oct
Invest in Real Estate when the Banks Crash, Find out How
Author: admin // Category: Seller Financing
http://www.PaperAssets101.com. Banks crashing in America. Learn to make money during this incredible market. Get your free “State of the Market Report” Learn from the expert. Best Real Estate Investing Secrets around. Go to www.paperassets101.com
Duration : 0:1:32
Contact Us: Mod By Lawyers, Inc 1900 S. State College Blvd Suite# 300
Anaheim, CA 92806 Ph: (714) 464-6214 Fax: (714) 206-0994 By Email: Info@ModByLawyers.com
Mod By Lawyers Modification program offer a full team of corporate processors, negotiators and attorneys to support their clients. We are among the first doing loan mods since October of 2007 and continue to develop strong lender relationships and evolve our program. Well work together with you and your client to make sure they get the best possible representation on their loan modification. Mod By Lawyers is here to help your clients fix their broken loan and keep them in their home.
At the ModbyLawyers we work with homeowners and their lenders to avoid foreclosure. For years, Real Estate and Lending Professionals have done a good job at getting people into homes. But, not enough emphasis has been placed on keeping Homeowners in their homes when financial hardships arise. Now, “Loss Mitigation”, “Foreclosure/REO Avoidance” and “Customer Retention” are the “buzz words” of most mortgage servicing environments.
We have established a national network of Real Estate Professionals to facilitate greater cooperation between Homeowners and Lending Professionals. We are committed to a timely and cost effective resolution of non-performing assets.
The ModbyLawyers specializes in resolving the following Non-Performing Asset challenges:
Homeowner Contacting
Completing and Packaging Required Paperwork
Mortgage Refinance Evaluation
The ModbyLawyers is a fee-only foreclosure mitigation company that prides itself on unparalleled service and performance. We are committed to providing unbiased advice and prudent strategies for non-performing assets. Our services are always tailored to your unique needs. Our fee-only approach allows us to serve you without compromise. We do not work on a commission basis, nor do we benefit from recommending any particular course of action. Our reward is satisfied clients!
Our Attorneys are licensed to practice law in the State of California and have many years of experience in the Real Estate and Mortgage business law.
We are also proud to have a team of highly Experienced Professional staff with many years of experience in loan processing and negotiation with working experience from some of the largest financial institutions in the US such as Bank of America, Wells Fargo, Countrywide, Wachovia, World Savings, and many more.
Questions:
What Is A Loan Modification?(Questions clients have asked)
We specialize in working with your lender to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender can accept to lower your interest rate and your monthly payment WITHOUT HAVING TO REFINANCE
What Is A Loan Modification? Loan modifications are any changes made to an already existing loan on real property. The modification may take the form of a change in the interest rate, the repayment schedule, the principal amount of the loan, or any other terms or combination of terms.
How Long Does It Take? There is no set time to complete the loan modification process. Most of the time, it is a process that takes several weeks up to several months.
Why Does It Take So Long? The lending institutions are overwhelmed by the number of demands for loan modification. The banks have experienced financial set backs leading to layoffs and an increased work load. Patience is a virtue that serves everyone involved in this process.
I Am In Default. Will This Process Save My House? If you have received a Notice of Default Recorded with the County Recorders Office, we will refer you to experienced attorneys that can help you.
Is This Like Refinancing? No. First, you do not need to qualify for a loan modification. Loan modifications are requests made of your existing lender.
Can I Take Money Out When I Modify? No. You are asking the lender to take a loss on your loan. Do not expect that the lender will also give you money as well.
The Process Sounds Intimidating. Is It? Yes, it can be quite intimidating. Most clients have never had to deal with a lender on this level. But, you can count on our professional team to be there for you every step of the way.
Will Mod By Lawyers Keep Me Up-To-Date On The Progress? Absolutely. You will be provided with constant updates on the status of your loan modification.
Does Mod By Lawyers Have Attorneys Involved In The Process? We most definitely do. Our attorneys are not only involved in the loan modification process, but they are always available to meet with our clients to discuss their loan modification.
What Do I Need To Do? All that we ask is that you provide us with all of the information we ask you for and that you do so in a timely manner. To start, we will need a financial statement, two months of bank statements, your three most recent paystubs and a hardship letter
Duration : 0:1:1
http://www.PaperAssets101.com. Make money buying non performing loans from banks. Learn from the Real Estate Expert. Secrets revealed! You too can profit buying real estate loans from Banks. Go to www.PaperAssets101.com to start now.
Duration : 0:0:34
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http://www.PaperAssets101.com. Create wealth Buying Non performing loans. Learn to buy notes from banks, Invest in real estate that MAKES you money. Expert Real Estate investor reveals secrets of how to buy from banks. Go to www.PaperAssets101.com today!
Duration : 0:0:34
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11
Oct
Learn How to buy Non Performing Loans. Make Money!
Author: admin // Category: Seller Financing
http://www.PaperAssets101.com Create wealth Buying Non performing loans. Learn to buy notes from banks, Invest in real estate that MAKES you money. Expert Real Estate investor reveals secrets of how to buy from banks. Go to www.PaperAssets101.com today!
Duration : 0:1:32
11
Oct
buying bank owned non performing real estate loans
Author: admin // Category: Non Performing Real Estate
http://www.PaperAssets101.com. Banks crashing in America. Learn to make money during this incredible market. Get your free “State of the Market Report” Learn from the expert. Best Real Estate Investing Secrets around. Go to www.paperassets101.com
Duration : 0:0:44
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09
Oct
Bush team, Congress negotiate $700B bailout NoteBuyingProfits.com
Author: admin // Category: Seller Financing
http://www.NoteBuyingProfits.com No-nonsense How-to-Buy-NonPerforming Notes Information. Up-to-date! Hours of FREE Non-Performing Notes Videos, Free 1-on-1 Coaching Session! Click or Call 718-783-7605
Duration : 0:5:42
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