BJ_GIBBONS
– Buy a Short Sale
Many times pre-foreclosure lead will turn into a possible short sale with the bank. Short sale definition is the bank accepting less than what is owed for a payoff on the loan. It is a time consuming process. It is not fast and it is not always successful. Think about it from the bank’s perspective: would you take […]
Selling Properties for Cash
Selling Properties for Cash You can: Sell to another investor for cash Sell to a consumer buyer for cash Sell to an investor, seller carry, take a note for equity, and sell the note at a discount
– Create a Short Sale Package
Documents The Seller Needs To Sign The documents the seller needs to sign include the following: * A Short Sale Disclosure * A Quit Claim Deed * Two Different Purchase And Sale Agreements * An Escrow Letter * An Authorization To Release Information * A Limited Power Of Attorney * And a Hardship Letter […]
–Credit Repair Procedure
Credit repair procedure The Fair Credit Reporting Act of 1978 allows you to contest negative marks. You want to be able to contest any Mark that’s on your credit report. The procedure in general is this: Get a copy of your credit reports Highlight one mark that is negative Dispute the mark saying that it […]
Bad Credit Fixing Ideas
Okay it’s important if you have a business that you have good credit and that you have some credit lines. If you have awful credit There’s Hope! We can help you get better credit rating. Keep your job for at least 6 months. Pull your three credit reports. If you don’t know how to read […]
– No Credit Fixing Ideas
From Experian.com one of the 3 Credit Bureaus Your credit score is important. The higher your credit rating, the better your chances of being accepted for credit at the best rates. It can influence your ability to get things like credit cards, loans, mortgages, mobile contracts and more. Looking for tips on how to improve your […]
Credit Rating
Credit Rating A credit rating is from a credit reporting agency. There are three credit reporting agencies. Generally when you buy a house or a car you get a credit report being pulled and people analyze your payment history. To learn about credit histories and improving credit reports, go to https://consumer.ftc.gov/articles/fixing-your-credit-faqs
– Selling Notes
Selling notes in real estate investing This means you’re selling promissory notes that are secured by real estate that are in either first or second position. So if you have a first position note for $60,000, and the properties worth $100,000, the loan of value is 60 / 100 or 60%. . This means that if […]
— Partials
It’s got to do with Note brokering, You can sell part of a note, generally the “front end of a note” or the “beginning payments of a note”. It’s also called “selling the front end of a note on a partial”, it means that a seller is selling a portion of the early payments on […]
– Creating Notes
key factors to maximize the value of your seller-financed mortgage note when selling it: Top Factors Affecting Note Value: Buyer Creditworthiness Strong credit scores increase note value (get reports for all signers) Spousal income/credit should be included Poor credit makes notes nearly unsellable Property Valuation & Equity Maintain ≤75% combined Loan-to-Value ratio (including any 1st […]