I wanted to share this great resource for anyone who is doing short sale and loss mitigation work. It’s a large list of phone numbers and other contact information of loss mitigation departments. I’m not sure if it’s being maintained and updated. So, for what it’s worth, here it is (Click here.)
BTW: We’re actively looking [...]
Entries from August 2008
Loss Mitigation - Phone Numbers and more…
August 14th, 2008 · 3 Comments
Tags: foreclosure · short sale
How Can You Strive With REO Foreclosures?
August 14th, 2008 · No Comments
The negative press that real estate is currently getting has many rehabbers on edge, on the sidelines or out of business. They’re missing the boat, because they can’t seem to find the niche that will allow them a healthy profit while adding value to the market place.
The three big mistakes are:
1. Letting “foreclosure resale” comparables [...]
Tags: REO · Uncategorized · foreclosure · investing · lending · market
“Great Deals Are Made When Nobody Wants Them”
August 13th, 2008 · No Comments
Large 2-story, 4 bedroom, 3 baths - Great Investment
Look at the movie to walk you through this home. It needs major cleanup, but it was built in 1997 and has great potential!
Watch Part 1 - The Main House (scroll down for Part 2!):
E 110th St
Los Angeles, CA 90059
Assessed value: $419,000
Last sold: $450,000 (11/17/06)
Our cash price: [...]
Tags: Fixer · Property Profile · REO · foreclosure · investing
Short Sales Wanted!
August 6th, 2008 · No Comments
ATTENTION: Bird-Dogs, Property Finders, Real Estate Agents!
We are actively looking for high-end properties (preferably $1MM+) that are upside down and need a short sale to be sold.
If are frustrated by the hours and hours you’ve spend on the phone with brain-dead loss mitigators, bring these deals to us! Almost every day I talk to or [...]
Tags: banking · foreclosure · investing · market · short sale
Where Is The Money? - Part 4: “Nitty-Gritty”
August 2nd, 2008 · No Comments
I have successfully gotten money from an unsecured business line of credit. But I’ve never had any luck getting money from the Small Business Administration.
Read this article written by business credit expert Thomas Kish and you will learn how hard it is to qualify for SBA funding and then you can compare this to how [...]
Tags: REO · foreclosure · investing · lending · short sale

