Posts Tagged “Deals”
Nov
16
2011
 
Maryland Real Estate Investing Short Sales - How To Handle Several Deals At The Same TimePosted by Usual in Short Sales, tags: Deals, Estate, handle, Investing, Maryland, Real, Sales, Same, Several, Short, time
Apr
11
2011
Closing And Funding Short Sale Deals With Transactional FundingPosted by Usual in Lender Approved Short Sales, tags: closing, Deals, Funding, Sale, Short, TransactionalClosing And Funding Short Sale Deals With Transactional Funding Why Submit Articles? 0 && $.browser.msie ) { Register Email Home Page > Finance > Real Estate > Closing And Funding Short Sale Deals With Transactional Funding Closing And Funding Short Sale Deals With Transactional Funding Posted: Sep 29, 2008 |Comments: 0 ]]> If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals. In the past, plenty of hard money options, along with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage fraud, and tighter restrictions with lenders and title companies, closing short sales isn’t as easy as it used to be. However, there is still one very simple and easy way to close your short sale transactions without using double closings, hard money, simultaneous closings, or even the over complex land trusts. That method is using back-to-back closings to get all of your short sale deals closed and funded on time. Back to back closings take a short sale deal and turn it into two separate and distinct transactions. The first transaction is the homeowner facing foreclosure selling to the preforeclosure investor. The second transaction is the real estate investor then selling the property to the end retail buyer. However, even if you are using a back to back closing, and your end retails buyer has secured their funds, what makes this work is that you need to secure your own funding, as the real estate investor. So where do you get this funding of your deals? This is often called transactional funding, and today, there are many lenders making these types of loans. Lenders love transactional funding, because they are only lending for a period of a few hours. With the end buyer’s loan already approved and in place, two separate and distinct transactions take place on the closing day. The first is the investor purchasing the short sale deal from the distressed homeowner. This is funded by the transactional funding company. Immediately after this transaction has closed, the investor is then turning around and immediately selling the property to the end buyer. The end buyer is using funds obtained by him through a traditional loan, or cash. Most conventional lenders today won’t have any issue funding these loans. The only such exception are FHA loans, which at the time of writing this article, have a 90 day seasoning requirement. However, as the real estate market changes, and the housing market remains volatile, it is very possible that the FHA might change its guidelines. Transactional funding is the perfect way for preforeclosure investors to fund their short sale deals in today’s foreclosure ridden market. There are plenty of choices for funding companies, all willing to fund these simple, easy short sale transactions. Retrieved from “http://www.articlesbase.com/advertising-articles/closing-and-funding-short-sale-deals-with-transactional-funding-582686.html” (ArticlesBase SC #582686) Watch your traffic increase just by submitting articles with us, click here to get started. Terry Wygal - Terry Wygal is an expert on real estate investing in Short Sales and has several strategies for Closing Short Sale Deals and has been working with Justin Lee. ]]> Questions and Answers Ask our experts your Real Estate related questions here… 200 Characters left I was denied a Hamp mod due to NPV caculations. My lender will not explain these terms to me. They said they cannot help me. I need to short sale and get out. Can u please help me Rate this Article vote(s) Feedback Article Tags: Latest Real Estate Articles
Business and sales tips and ideas | How to overcome objections and close sales. (01:28)
I want to think about it - this is the most common objection we face when closing - learn the response in this video. Business and sales tips and ideas | Sales closes and overcoming objections. (01:33)
No matter who you’re selling to, or what you’re selling, every sales professional is looking for the right formula to close the sale. Learn How to Close a Deal Quickly and Effiecently. (03:18)
Business and sales tips and ideas | Sales closes and overcoming objections Sales tips (02:23)
Business tips and ideas | Effective priority techniques for sales and communication. How to ask open and closed questions. (01:30) This article will direct you to sources that will provide funding for REO and foreclosure acquisitions. This is the latest technique being used by investors to take advantage of the recent foreclosure boon. Finance> Closing Short Sale Deals With Back to Back Closings and Option Agreements If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals.
By: Finance> Short Sale Deals With Transactional Funding If you’re a preforeclosure investor, with the tightening credit markets, you haven’t any doubt noticed how much more difficult it is today to close short sale deals. In the past, plenty of hard money options, together with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage crime, and tighter limitations with lenders and title corporations, closing short sales isn’t as straightforward as it used to be. By: Finance> Buying Houses Subject To The Existing Mortgage Is Highly Profitable If you’re looking for the way to make the most of your real estate business, buying subject is the way to do it. The method of buying will creat more wealth that any I have ever seen. By: Writing> Investing in Playa del Carmen Villas – Mexico’s Economic Factors If you are thinking of buying a Playa del Carmen villa in a new, up-and-coming gated community area, you will happy to know that Mexico’s current economic factors point to a very good potential on the investment side of things as well. By: Finance> Cheap Mexico Beachfront Lot Investment & Mexico’s Growing Economy When buyers consider the cheap Mexico beachfront lots available in new areas like Campeche on the Gulf coast of the Yucatan peninsula, some buyers may wonder if they are a solid investment choice. Mexico’s current economic situation would suggest that they are. By: Finance> Mexico Real Estate – Cozumel Receives New Promenade One of the key factors benefiting Mexico real estate has been investment into tourist-oriented improvements. This point has recently been demonstrated by the investment put into creating the new pedestrian walkway area on the north end of Cozumel. By: Finance> Yucatan Real Estate – State Invests Over 2 Million USD in New Roads Within Mexico, Yucatan real estate has been one of the markets to most benefit from recently growing tourism, and part of this benefit is increased investment from the government to build new roads, providing access to new Mexico property options. By: Finance> Puerto Vallarta Real Estate & Mexico’s Growing Tourism For those considering Puerto Vallarta retirement, the constant investment coming to Puerto Vallarta from the tourism industry bring many lifestyle benefits. One recent fact which has demonstrated this is the growing investment into the hotel industry. By: Finance> What Are My Options in Mexico Golf Course Real Estate? As golf emerges as a major sport and tourist activity in Mexico, Mexico golf course real estate has also been emerging as one of the best options offering an exclusive lifestyle; golf is not only an activity option, but the center of an entire warm-weather lifestyle. By: Finance> Investing in Playa del Carmen Land is Tourism Grows – Your Broker For those interested in investing in Playa del Carmen land for sale, the goverment’s commitment to promoting tourism growth is excellent news, and can be best taken advantage of through the expert advice of a qualified Playa del Carmen Realtor. By: Finance> Playa del Carmen Retirement; Area Healthcare Developing Playa del Carmen properties are becoming more attractive for retirees, as the area begins to develop its healthcare facilities to a greater extent. By: Finance> Your home could be your biggest asset. Make sure you are equipped with the things you need to know before buying a house in Austin Texas. Here are some tips and guide that every first time home buyer should know. By: Finance> Critical Mistakes That Real Estate Investors Make in Short Sales If you are looking forward to make money with short sale in real estate, it is crucial that you understand how to complete a short sale in the easiest, safest and profitable way. In order to be successful in this venture you must look out the critical mistakes that most of those who fail have committed while doing short sales. By: Finance> Mistakes Real Estate Investors Make in Short Sales There are various mistakes that real estate investors make when doing short sales. And if you are just starting out or looking for some ways to make money in short sales then it’s time you learn and know these pitfalls to help avoid losing money in short sales. By: Finance> How to Avoid Losing Money in Short Sales Short sale experts reveal the necessary information to shorten the process and to help you avoid losing money in short sales. Learn how to avoid losing money in short sales through comprehensive short sale training. By: Finance> How Not to Lose Money in Short Sales In today’s real estate market, making money with short sales is as much as part of investing, as any other part of the business. A real estate investing training will provide you information on how to negotiate deals, how to properly process leads, and how to get the properties sold for a profit. By: Finance> How to Make Money with Short Sales Are you a real estate investor looking to earn more money through short sales? Here’s what you need to know in order to expand your horizons and of course your profits as a real estate investor. By: Finance> Mistakes in Selling A House Part 2 Here are some of the biggest mistakes distressed homeowners make when selling their home. Also, learn the foolproof home-selling maneuvers that will get you the highest sticker cost for your house. By: Finance> Mistakes in Selling A House Part 1 Perhaps you have an adjustable rate loan that is just about to skyrocket, or maybe you just got a new job in other city. That is why you may need to sell your house and you need to do it quick. Whatever the reason, don’t rush things.This may not be the best time to get rid of your house, but some options are possible. Be sure to watch out and avoid the risky deals before making any decision. Here are few of the biggest mistakes struggling homeowners do when selling their home. By: Finance> Add new Comment Your Name: * Your Email: Comment Body: *
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Author Navigation My Home Terry Wygal has 78 articles online Articles Categories Advertising Accounting ]]> Need Help? Site Links Webmasters Business Info Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License. Terry Wygal is an expert on real estate investing in Short Sales and has several strategies for Closing Short Sale Deals and has been working with Justin Lee.
Nov
11
2010
How do I contact REO companies to start listing bank owned deals?Posted by Usual in Bank Owned REO, tags: BANK, Companies, contact, Deals, Listing, OWNED, startThe answer I typically get is the BPO advice, but I see too many agents doing that all day and not getting anything for it for years now. Any companies I can contact directly to request the chance to list these assets? I have the resources to do this no problem.
Aug
22
2010
Paulson Wins Auction: March of Private Equity Land Deals ContinuesPosted by Usual in Bank Owned REO, tags: Auction, Continues, Deals, Equity, Land, March, Paulson, Private, WinsPaulson Wins Auction: March of Private Equity Land Deals Continues Read more on Wall Street Journal Blogs
Jul
10
2010
Closing Short Sale Deals With Back to Back Closings and Option AgreementsPosted by Usual in Lender Approved Short Sales, tags: Agreements, back, closing, Closings, Deals, Option, Sale, Short
If you’re a preforeclosure investor, with the tightening credit markets, you have no doubt noticed how much more difficult it is these days to close short sale deals.
In the past, plenty of hard money options, along with double closings and simultaneous closings made closing short sales a breeze. However, with the credit crunch, mortgage fraud, and tighter restrictions with lenders and title companies, closing short sales isn’t as easy as it used to be.
However, there is still one very simple and easy way to close your short sale transactions without using double closings, hard money, simultaneous closings, or even the over complex land trusts.
That method is using back-to-back closings to get all of your short sale deals closed and funded on time. Back to back closings take a short sale deal and turn it into two separate and distinct transactions. The first transaction is the homeowner facing foreclosure selling to the preforeclosure investor. The second transaction is the real estate investor then selling the property to the end retail buyer.
The easy, legal way for the real estate investor to do this type of transaction is through the use of an option contract. The option contract gives the real estate investor a vested legal interest in the property through an Option Agreement. The option is subject to the approval of the short sale.
Once the short sale is approved, then preforeclosure investor must complete the second transaction. That transaction involves the investor selling the property to an end retail buyer. The preforeclosure investor can legally sell the property, because he has executed an Option Agreement. This Option Agreement, which should be recorded at the local county courthouse for where the subject property is located, gives the investor the legal right to sell and market the property.
Before attempting to use a back to back closing, the preforeclosure investor should make sure that they have all of the necessary forms and documentation to remain in compliance. Without the correct forms, addendums, and notarized signatures, the preforeclosure investor risks the transaction not closing on time, or even worse, not at all.
Short sales do not have to be a complex transaction if the investor arms himself with the proper tools and techniques. Back to back closings are the simplest and easiest way to close short sale deals in today’s ever changing and volatile real estate market. They are widely accepted by lenders, title companies, and title insurance companies throughout the United States.
Terry Wygal is an expert on real estate investing in Short Sales and has several strategies for Closing Short Sale Deals and has been working with Justin Lee.
Jun
28
2010
Homebuyers consider backing out of deals without tax creditPosted by Usual in Lender Approved Short Sales, tags: backing, consider, Credit, Deals, Homebuyers, withoutHomebuyers consider backing out of deals without tax credit Read more on Sun-Sentinel
Jan
25
2010
Outsourcing Your Short Sale Deals for Preforeclosure InvestorsPosted by Usual in Short Sales, tags: Deals, Investors, Outsourcing, Preforeclosure, Sale, ShortIf you’ve been investing in real estate, and more specifically preforeclosures, then there’s no doubt that you’ve come across a short sale deal. A short sale is when the lender agrees to accept less than what is owed against the property in exchange for full acceptance of payment of the loan. In other words, if the loan balance is $400,000 but the bank accepts $300,000 as full payoff, then a short sale has occurred. Many investors find short sales different to negotiate and complete. The reason is that lenders are constantly changing their rules and practices, and short sales by nature are complex and time consuming. This is a reason that many smart preforeclosure investors today choose to outsource their short sales. Outsourcing your short sales is simple. You would still meet with the homeowner and get all of the necessary paperwork to ensure a complete short sale packet. But after that, the ease and simplicity of outsourcing takes over. The investor simply sends the complete short sale packet to their outsourcing company, and they are the ones that then do all of the work on behalf of the investor. The investor’s time is freed up considerably, as they no longer have to sit on hold, fax paperwork, or do other mundane tasks associated with negotiating a short sale. The outsourced short sale company takes care of all of this work for the investor. Outsourcing your short sales makes perfect sense as a real estate investor. Since the outsourcing company is working on many files for many different investors, they are building more relationships faster at a wide variety of lenders. They have a larger rolodex of contacts at more banks, and have a proven track record of closing deals with many lenders, thereby making their files and their deals more desirable for the lender to look at. In today’s world of outsourcing, it’s no longer necessary for a real estate investor to negotiates his own short sales. In fact, it’s not a good use of their time. Preforeclosure investors should be focused on buying and selling properties, not negotiating short sales or faxing documents to lenders trying to get a short sale deal closed. Outsourcing short sales allows real estate investors to work on more deals at once, and have a virtual team of experts on his staff, without the overhead. The best outsourced short sale companies are paid on performance, after they have negotiated the short sale deal to the price that the investor has set. This makes outsourcing a no risk proposition for the smart preforeclosure investor. Terry Wygal is an expert on real estate investing in Short Sales and has several strategies for Closing Short Sale Deals and has been working with Justin Lee. |
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