Master The Mechanics Of Foreclosure – The Key To Being Effective In Pre-Foreclosure Investing

Master The Mechanics Of Foreclosure – The Key To Being Effective In Pre-Foreclosure IBy Oscar Morante To confidently compete in the pre-foreclosure arena, every investor must master the mechanics of foreclosure. The events of foreclosure, the timeframes, the disposition of the proceeds of sale, and the effects of the sale – these are all important landmarks in navigating... [Read more]

Home Foreclosure Investing -Learn the Secrets – How I Created A Second Income Stream

Home Foreclosure Investing -Learn the Secrets – How I Created A SecoBy Dorothy M. Neddermeyer, PhD The majority of investors seldom think of real estate foreclosure investing as the highly profitable investment that it is. Why, because most people don’t have the time to learn the secrets or do the leg work to find properties in foreclosure, or they are reluctant to trust... [Read more]

Check Out Energy Rebates

EnergyStar.gov –  Check Out Energy Rebates This is a government site that offers lots of energy saving tips as well as explains what energy saving grants or credits might be available.   Powered By WP Footer Read More →

Foreclosure Trends Newsletter

Here is the latest issue of my foreclosure trends newsletter.  As you can see, the trend is not our friend, in the sense that the housing market has not recovered.  Until jobs come back and people are employed and feel safe in their employment, they will tend to avoid making a committment. ForeclosureTrends.pdf   Powered By WP Footer Read More →

Foreclosed Property Coupon-10% off

When you buy a foreclosed with me as your agent, I will be happy to sign you up for a coupon from Lowes.   It entitles you to 10% off, up to a predetermined purchase amount.  Currently I believe it 10% off of up to a $10,000 purchase.  Of course, this amount and the coupon’s terms and conditions are subject to change by Lowes at anytime. Besides Lowes, RE/MAX has exclusive... [Read more]

Twin Cities Foreclosure Trends-From our MLS & Realty Trac

Besides the board of realtor sites:  http://theThing.mplsrealtor.com and market data posted elsewhere at http://www.MplsRealtor.com I have a subscription to Realty Trac.  My subscription gives me additional data about foreclosures and trends within certain zip codes.  This is in addition to my daily subscription to Finance & Commerce (a business newspaper that prints all the... [Read more]

Real Estate Information

These are a couple of my newsletters that have a ton of valuable information. Go check them out. Foreclosure Market Trends Newsletter http://www.realtytrac.com/MarketTrends/NewsLetter.aspx?guid=131bd355-1b69-4bd1-99cd-2f0c9a936810 Real Estate Cyber Space Tips http://www.REcyber.com/cybertips/r11627   Powered By WP Footer Read More →

Understanding HAFA-What Is It & How It Works

This explains what the HAFA is and how it might work for you. This might work for people that are in distress and would like to try and avoid a foreclosure. Here is a link for additional information http://www.CDPE.com/hafa I work with homeowners who need help at this difficult time-let me know what I can do for you.   Powered By WP Footer Read More →

Owner Financing – The Foreclosure Process

By Craig Meriwether One of the great parts of the owner finance home sale is the opportunity to work with the buyer in the case of financial problems. By creating a solution that works for both parties a home owner is more than likely to stay in the house and the loan holder will continue to receive monthly payments. If a solution cannot be created then unfortunately foreclosure might... [Read more]

Minnesota Foreclosure Help

Minnesota Foreclosure HelpBy Brent Rangen With the foreclosure rate steadily increasing across Minnesota, up 15% in April, and also rising in Crow Wing County there are now more programs in place to help. Your home is your most prized possession and if you are one of the many homeowners in Minnesota facing foreclosure you should know how the foreclosure process works and where to... [Read more]

Outstanding Video-An Inspiration To All-Be The Best You Can Be!

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Twin Cities Home buyer book

Thinking about buying a home but don’t know where to start? Why not start by reading the home buyer hand book that we have provided below. It is a great place to start to get the information you need. When you’re ready, we would love to help you find and finance a new home. MN Home buyers handbook View more documents from John Mazzara.   Powered By WP Footer Read More →

The Short Sale Process For A Seller

This ppt. will explain the basics involved in a short sale. Today, lenders are starting to put in place systems that will make the short sale process work smoother. This presentation covers what is generally involved. The short sale View more presentations from John Mazzara.   Powered By WP Footer Read More →

Grant Available In MN For Foreclosed Homeowners

I’ve just learned of a grant of up to $3500 that is available for people who have lost their home to a foreclosure and need some cash to help with the transition of moving on. This is only available to metro area residents in the Twin Cities. The Target Foundation put up most of the funds and all monies are available on a first come-first served basis and is for relocation... [Read more]

How A FEW Are Profiting HUGELY From A Government Sweetheart Deal

If you haven’t been getting much success with a modification and wonder why-maybe this video will help explain things.  As an agent who works really hard to keep people in their homes FIRST, I found this very upsetting.  I can tell you many many people who would have stayed in their homes, albeit at a reduced payment if they had some payment relief.  Instead, lenders foreclosed... [Read more]

What Happens When They Come For YOU

While this posts title is just a play on the TV show COPS, it is possible that if you sell a home short or have a foreclosure that results in a loss, that the lender could pursue a deficiency judgement.  In MN, they are doing this more often.  The LAST thing I am giving anyone is tax or legal advice.  Just be aware of the fact in MN, lenders can choose how they foreclosure.  A... [Read more]

Items Necessary to Submit a Short Sale Package

Just because you owe more than your home is worth does not mean that you will be eligible to do a short sale.  The key is being able to show that you qualify based on a acceptable hardship.  The lender needs you to explain your situation in a hardship letter.  With that, there are items they will need.  These items include the following:  A financial statement showing what your... [Read more]

Minnesota Deficiency Judgements Due To Mortgage Defaults Appear To Be Increasing!! Be Careful!

I recently read an article about the banks pursuing judgements after a short sale or foreclosure. The Minnesota home ownership center is FANTASTIC. They have lots of great information. Here is the link to their article: Minnesota Home Ownership Center: Sued – After A Foreclosure   Powered By WP Footer Read More →

Open Source Documents-Unbelievable Resources-Find YOUR topic of Interest

If you’ve never visited http://www.Archive.org, you are missing a wonderful site.  From this site, you will find many resources that are out of copyright and you can download and use them as you wish.  You will find all the classics and some fun things as well.  Just for fun, I have the download of a book called “Little Gardens” which is a book about setting up... [Read more]

FHA Loss Mitigation Options For Those With FHA Loans

Here is the latest FHA Mortgagee letter that explains what options are available for people in default with their FHA mortgage. There are options, you need to explore them if you are in danger of losing your home. FHA Loss Mitigation   Powered By WP Footer Read More →

Sell Your Home Faster-Learn The Home Selling Secrets Of Successful Sellers

Here is a special report that outlines over 450 ideas on how to sell your home faster.  This report is just one of the many home buyer, home seller, and investor reports that I can make available to you.  Read this report and call me to arrange a time to see how I can help.  Download Now   Powered By WP Footer Read More →

Homeowners Assistance Program-Department Of Defense

http://hap.usace.army.mil/ Look at this-From the website: The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial... [Read more]

Beginners Guide to Flipping Houses

Flipping houses is becoming big business in the world of real estate investment. Unfortunately it takes all kinds of ‘flippers’ to make the world go around and some of them aren’t nearly as conscientious as others. If you are going to get into the business of flipping houses and want to make a living, and build a good reputation, for producing quality results you... [Read more]

ABCs of Flipping Houses

All new things can be a little frightening or intimidating at first glance. The same is definitely true when it comes to flipping houses. Many people feel several times during their first flip that they have gotten in over their heads. The truth is that it will take more than a few flips to feel comfortable with the process. Most people make very little, if any real profit on their... [Read more]

5 House Flipping Do’s

While many people have very specific dreams of enjoying the bountiful profits that can be made from flipping houses very few people put too terribly much thought into the process or any formulas that might be pertinent to success when it comes to flipping houses as a real estate investment venture or for the sake of building a nice comfortable lifestyle or retirement. You will hear... [Read more]

5 House Flipping Don’ts

When it comes to making money in the business of flipping houses and other real estate investments you will find all kinds of do’s and don’ts along the way. The truth of the matter is that these are extremely useful whether this is your first house flip or you have been flipping houses for years. In fact you might just find that you can learn something new on occasion... [Read more]

Real Estate Investing-Everything You Need To Know!

I came across this e-book and I wanted to share it with you.  I thought the information was useful, the rolodex link in the back of the book with investor resources was incredible.  I think you will enjoy it-it is a pretty light read.  If you get all fired up and want to start looking for property, just give me a call.   Powered By WP Footer Read More →

Making Home Affordable

Recently the government published an update to what had come out earlier in the year.  This new report shows what is being done to help homeowners sell their home or make an arrangement with their lender.  Download the report at this link.  This should make the process of coming up with a solution that much easier, now that they have defined the guidelines better. http://www.treas.gov/press/releases/docs/05142009FactSheet-MakingHomesAffordable.pdf  ... [Read more]

Introduction of Home Affordable Foreclosure Alternatives – Short Sale and Deed-in-Lieu of Foreclosure

This is FANTASTIC NEWS!!!  FINALLY, they are establishing minimum requirements on resolving the short sale procedural process.  Here is the link to the government news release: https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf Short Sales have been difficult to close, and these new measures are a huge step in the right direction. One major highlight: A lender must give... [Read more]

RECENT News Release: Legal Service Plans Can Benefit Homeowners Facing Foreclosure

Pre-paid legal recently had a news release that explains how their service may benefit homeowners who are in distress and facing a foreclosure. We sell the PPD Pre-Paid Legal service plan at our website https://www.prepaidlegal.com/Multisite/Multisite?site=hub&assoc=mazzara You probably want to look at the family plans unless you are a small business. You can visit the site, watch... [Read more]

Extension And Expansion Of Home Buyer Credit-4/30/2010

A Big WOW!!  The credit has been expanded to include homeowners who have owned their home for the past 5 years. No longer do you need to be a first time buyer.  The dollar limit is $8000 for first time buyers and $6500 for move up buyers.  This GREAT news.  Combine this with 50 year lows in interest rates, and you’d be crazy not to consider making a move.  If you feel secure... [Read more]

Why Foreclosure Is Often Preferred By The Loan Servicer Instead Of Offering A Loan Modification

Have you ever wondered why a foreclosure occurs when a better solution might have been a modification?  Would you like to read the facts and figures and see how mortgages are bundled, sold and serviced?  You will soon see it is isn’t pretty, we are in the midst of a crisis, and it is likely to get worse before it gets better.  That being said, you can probably guess why-it’s... [Read more]

Home Buyer Tax Credit Information Update

It’s now official!! The tax credit has been extended and expanded. YOU NEED TO HURRY! You now have until the end of April 2010. The following summary of the credit is provided by the National Association Of Realtors. The following two documents cover the changes in the new law. Now get out there and buy a home!! NAR FAQ: Homebuyer Tax Credit Changes NAR Issue Brief: Homebuyer... [Read more]

Freddie Mac Foreclosure Prevention

Are you wondering what the government has to offer as far as resources? Here are a couple of links that will hopefully help you make the right decision. There MAY be options that will help you avoid a foreclosure. http://www.freddiemac.com/avoidforeclosure/ http://www.freddiemac.com/avoidforeclosure/stop_foreclosure.html   Powered By WP Footer Read More →

Postponing a MN foreclosure-New Law

MN allows a foreclosure to be postponed, but there is a tradeoff-shortening the redemption period. This may help someone who is able to get back on their feet and catch up with the back payments. Click Here   Powered By WP Footer Read More →

Minnesota Real Estate Newsletter Gives Access To Great Computer & Life Tips

I maintain a number of real estate sites, blogs, and newsletters. One newsletter that provides a number of computer tips to help you function better with a computer is http://www.REcyber.com/cybertips/r11627 The site is full of cyber space tricks and great places to visit. We have link to this site on the list of MN Real Estate links, but I wanted to highlight this particular newsletter... [Read more]

Buy A Minnesota Investment Property With Confidence

RE/MAX has put together a “how to guide” on how to buy investment property. Since knowledge is power, get the guide and brush up. It’s your money-get the information you need to become a successful Minnesota investment property investor.   Powered By WP Footer Read More →

Foreclosure Secrets-Watch-Listen-Learn Webinar On Buying Foreclosures The Right Way

As a Twin Cities Realtor, I work and market homes within the area of distressed homes as well as the non distressed home marketplace. I work with a group of banks, investors and Realltors that market, sell and invest in foreclosed homes. Many people approach me to buy a foreclosure propery as either a primary residence or as an investment. I would like to make one thing perfectly... [Read more]

What Would You Do If You Can’t Make Your House Payment?

This question confronts millions of people-daily.  Unfortunately, people often don’t know what to do, so they do nothing, until it’s too late to consider anything other than foreclosure.  When is the last time you did nothing and had your problem solved miraculously by itself?  It just doesn’t happen.  YOU must take action.  Foreclosure MIGHT be the only option. ... [Read more]

National Mortgage Default Statistics

This information takes us through Q2. What it doesn’t show is the number of option arms and other “prime” type mortgag arms that are re-setting over the next years. It starts the fall of 09 and increases through 2011. The next shoe to drop will be in larger homes with “prime” loans. The solution to the problem is steady employment and job creation. See... [Read more]

Minnesota Foreclosure Data

Here is a report on foreclosures throughout the state of MN.  This is a great report that shows foreclosure data in each of the respective counties. Click below.   Powered By WP Footer Read More →

Learn the different impact between a short sale vs foreclosure

Sometimes, a short sale will be viewed more favorably during underwriting a new loan. A foreclosure will generally have a longer lasting negative affect. This short report give you some things to think about. Of course, things are always subject to change.   Powered By WP Footer Read More →

Minnesota Short Sale Seller’s Guide

Do you owe more than your home is worth? Do you need to sell your home but can’t bring the cash difference to a closing. If you have a hardship, you may qualify for a short sale. Learn what happens during a short sale and see if you are a candidate.   Powered By WP Footer Read More →

Minnesota Short Sale Buyer’s Guide

Are you considering buying a property that is being marketed as a short sale?  If so, why not get this guide today.  It it free and useful.  Once you understand the process, you will know what to expect.  One of the biggest problems I see in the marketplace is people not willing to get the knowledge upfront and then expecting a different outcome.  Don’t let a short sale... [Read more]

Find out if your home has a Freddie Mac or Fannie Mae Loan

Fannie Mae Lookup http://www.loanlookup.fanniemae.com/loanlookup Freddie Mac Loan Lookup https://www.ww3.freddiemac.com/corporate   Powered By WP Footer Read More →

National Foreclosure & Homeowner Resources

The Home Affordable Refinance Program http://www.MakingHomeAffordable.gov HOPE Now http://www.HopeNow.com   Powered By WP Footer Read More →

Minnesota Homeowners In Foreclosure

One of the best places to get more information is at http://www.Hocmn.org Please visit their site and download their informational PDF’s explaining the foreclosure procedure in Minnesota.   Powered By WP Footer Read More →