http://www.RealtyAdvantageFL.com
Jacksonville, FL Foreclosure Help – Realty Advantage, LLC
Realty Advantage, LLC
12627 San Jose Blvd Ste 901
Jacksonville, Fl 32223
904-536-3000
Duration : 0:1:35
LOSING THE BIDDING WAR FOR FORECLOSURE HOMES? FIND OUT WHY??? We have ADVANCED NOTICE OF COMING FORECLOSURES WITH OUR BANKS, AND A SYSTEM OF WRITING CONTRACTS THAT GET ACCEPTED! Would you like that?
My team specializes in Foreclosure and Short Sale homes here in the metro Phoenix Real Estate Market. Since Spring of 2009, we have been experiencing multiple offers for our Foreclosure homes and been involved with bidding wars for our buyers trying to purchase foreclosure homes.
Getting out bid was very disappointing, I am sure you would agree. We realized that we get Advanced Notice to our Foreclosure listings and because we are working with several banks, we can see thier coming soon inventory too. We started marketing the homes before they were listed. It worked great. We sold many of our own listings. Many of the top Foreclosure agents are friends of mine, we meet at special conventions for top selling agents. They share their coming soon inventory with us, adding more Advanced Notice.
We started noticing that the banks didn’t always take the top offer. So we started tracking what made a difference. From there we put together a system of writing offers the way the banks like to see them, so they get accepted. Together with the Advanced Notice to the bank owned Foreclosure homes we call this our “Unfair Advantage.”
Recently we secured homes for 3 different buyers using this system. They were not the highest offers, nor cash offers, but their offers were selected.
Hi I’m Jeff Cameron with Keller Williams.
After plunging as much as 70%, the real estate market is on Fire. According to ASU Phoenix Foreclosure prices appeared to have bottomed in Spring of 2009. Some areas have seen huge bounces in values. Interest rates low and great deals all over.
So let me ask you a question: Why haven’t you found just the right home yet?
The biggest reason is that you aren’t working with an agent who has direct access to bank owned homes and foreclosures before they hit the market. You know the ones that are coming soon.
I would bet that every time you find that great house on all those endless websites you’ve been searching, its gone. SOLD!
So what we’ve done at The Cameron Team is we have created our Elite Buyer Group, for buyers that are really serious about buying a home today.
Go a head, give us call. If you are serious about finding your perfect home and your criteria meets what we are looking for in home buyers or investors, we can be a great match.
We have limited our Elite Buyer Group to 10 buyers that are very serious about beating everyone else out to those great deals today. We give our buyers, what we call the Unfair Advantage. Which includes advanced notice to bank owned homes and a system of writing offers in the way banks want them – So they choose them.
You see Eric was in our Elite Buyer Group, his offer wasn’t the highest and it wasn’t cash. But with the Unfair Advantage on his side, his offer was selected over all the others.
If you are interested in getting off those endless websites, actually finding a great deal and having an Unfair Advantage, now is the time. Remember we are limiting our Elite Buyer Group to 10 serious buyers.
I look forward to speaking with you!
Duration : 0:2:7
Watch this for foreclosure help. I’m Clint Maki; a Real Estate Broker in Michigan with twenty five years of experience in the discipline of Real Estate. In the last months, I have completed dozens of Short Sales and foreclosure preventions for people.
So, if you are in a pinch with your mortgage, ask yourself the following questions:
• Can I TRULY afford this house? Are the payments too big for me to deal with right now? Will my situation change any time soon? In the next three months will my situation reverse itself?
• How long will it take before my home is “worth” what I owe on it? An explanation can be found here:
• Do I really WANT to pay on it THAT long and still make no money when I sell it?
• If I were to buy a home similar to this one today, would I pay what I owe on it or would I want to pay current market value. (Keeping it even though you owe on the note than it can sell for more is the same as buying at ABOVE market value)
Clint Maki, Broker
Thresholds For Living Realty
616-837-7630 http://www.GoMichiganRealtEstate.com
Email: Michigan.REO.Pro@gmail.com
Duration : 0:7:9
http://realestatemarketingthisweek.com – Prices are back to 2003 levels: A Short Sale is significantly cheaper for a bank than a foreclosure
Part 7 – Were in the studio today with Kalyn Roberts and Jeri League of the Dreamvesting Group, these two young ladies are experts in the short sale area, they are NOT going to tell you what you want to hear, they are going to tell you what you need to hear. There is a big difference between what you want and what you need in the case of getting out of a situation. We talked during the break about the different types of people; who qualifies, who doesn’t qualify, who this is good for, and who its not good for. I want you to talk about people who are upside down and how you’re here to help.
What we want to get across today if you just need to call someone if you’re upside down in your mortgage, if you have a listing next door and its a bank owned or short sale, there is a good chance you’re probably upside down in you mortgage if you bought anytime in the last, in the last 5 years were almost back to 2003 pricing now.
Just to jump in real quick, Jeri and Kalyn its not just the people who purchased, its the people who used their homes as ATMs which is a crude way for me to say it but lets be honest. You watch the television, and I am not going to name any names, but a company that rhymes with lie-tech though, they have a commercial where they are showing pictures of using your home to buy a big boat and everybody got sucked into that and now here were.
Yes, if you used your second mortgage to build that big beautiful pool in your backyard, maybe you need to call us. Yes, its unfortunate, we always tell everyone like you just said, everybody got sucked into it, it doesn’t mean you’re stupid, it doesn’t mean you necessarily made a really bad decision. Most people got caught up in the real estate market and good marketing ploys like that, and the bottom line is as we said earlier you dont have to be late on your mortgage payment, you don’t have to be facing a foreclosure, if you’re simply upside down because you refinanced your home or purchased too recently and the house next door is selling for $100,000 less than yours and you just need to get out of a bad financial situation, you’re a candidate for a short sale or even a loan modification.
One of the things about loan modifications that I hear all the time is, and I research other loan modification companies, and what I hear is they are telling people things that just aren’t real. For instance if your owe $400,000 and your house is worth $300,000 and you want your lender to forgive $100,000 on a loan modification, chances are that isnt going to happen, whereas with a short sale, when youre exiting the property because it just isnt going to work, they would in most cases consider doing that.
Absolutely if that is the market value of your home they are going to consider the bottom line, the banks dont want these properties back, it costs them so much money to go through a foreclosure process and as our prices are falling, monthly, weekly, daily, the likelihood of the value of the property being extremely lower by the time they get the property back is 100%.
In addition to the $60,000 in foreclosure cost, paying real estate commissions and a few other fees is significantly better, because the loss is going to be significantly less with a short sale. Heres a question and I hope that I am not putting either of you on the spot, but suppose the guy owes $400,000 on his house, lets just say its worth $300,000 and you get the listing and this guy is out at a cocktail party and his cousin shows up and says, Ill buy the house from you. Ill buy the house from you, we will make the bank pay the difference and Ill just let you stay in the house. Is that a realistic situation, is someone going to find out about it? Is it good to do that or not?
In real estate, real estate purchases and transactions have to be non-arms length. Now arms length is described as your parents and your children, other than that we pretty much stay out of it because theoretically, yes that could happen, however the banks want to see that the homeowner is not benefiting, so the homeowner would have to become a tenant and be paying rent to new owner at that point. So there are many legitimate situations where you could meet someone who would buy the home and allow you to stay in the home… http://realestatemarketingthisweek.com
Duration : 0:5:53
BEFORE FORECLOSURE OR SHORT SALE – WHAT ARE MY OPTIONS?
Upside down on your mortgage? You have company, estimates are that between 50 to 75% of our community is upside down. This is a serious situation that is only getting worse.
Don’t giving up! Don’t move out, Don’t just ignore the situation, we can get through this. As bad as it may seem today, someday this will all be behind us! You and your family will Prevail.
my name is Jeff Cameron with Keller Williams here in Scottsdale, helping home owners across the valley. Unfortunately, I have been there. I have had a personal short sale, foreclosure and that led to bankruptcy. I know what you are feeling.
As dramatic as these experiences were on me and my family, I believe they happened for a reason. For me to grow from what happened, so I can help others through it.
This experience, along with a strong support team and my 15 years in real estate is why I am qualified to assist you on your journey!
Most people I talk to just don’t know what to do, they call their bank and can’t get a real answer. That is why I have put together this series of videos, to help you with the important information you need.
So where to begin? This video focuses on the steps You should take in determining what is best for YOU and YOUR family.
Step 1
1. Can I save my home? This should be the first priority. There are several options such as: Reinstatement, Forbearance, loan modification, Refinance and Short Refinance. It is very important you follow through with this step first and decide what is best for You and Your family. Answer the question “is it possible to save my home.” Our video Before Foreclosure or Short Sale – Step 1 on Save My Home will walk you through this step in greater detail.
Most people watching this can’t save their home. This is why we have focused more information on the next steps.
Step 2
2. If I can’t save my home, am I protected? I mean protected from the bank and the IRS. We work with attorneys that will review your situation. They will help you get answers to these legal questions. Is your mortgage a purchase money mortgage? Can the bank come after you for recourse or do you have a Non Recourse loan?
What about the IRS? Talk with a CPA. One that is familiar with this subject.
Do you qualify for The Mortgage Forgiveness Debt Relief Act of 2007.
The answers to these questions will help you decide the next step. Is it better to do FC or BK? What about the new HAFA program, Home Affordable Foreclosure Alternative, do you qualify? Can this remove the recourse of the bank? These are all important questions you need answers to. We can help you. Our video on Am I protected will go into more detail on these subjects.
Remember- even if you are exposed, FC and BK may not be your best answer.
Step 3
3. If you can’t save your home and you are not doing a Foreclosure or Bankruptcy the next logical step is to save your credit? For many people, Short Sale is the fastest and easiest way to start over. First, many people stay in their home, make no payments, and begin to get caught up. Through short sale we help sell your home, save your credit and get YOU on path to start over. We work to get your home sold quickly and then have the legal arm take over to negotiate with the bank. We use a law firm to negotiate our short sales. They deal with hundreds of banks and know the back doors into the bank and how to get things done. I always ask this question, how could I negotiate with a bank, constantly call and be there when we contact is made when being a Realtor is a full time job.
Step 4
4. Time to clean up your credit? Start Over. This at first can be very difficult with poor credit. Now is the time to live within a Budget you can afford. Pay everything On-Time.
Hire a legitimate Credit Cleaning company. We work with a company that has been very successful for some in removing all those negative marks on your credit. Be proactive, don’t just wait until you need your credit. Give it your all and do what you can to get it scrubbed today! Check our site for video interviews with our credit scrubbers!
Duration : 0:5:54
http://RealEstateMarketingThisWeek.com – Part 2 – Were just going to go ahead if we could and just jump right into the short sale information. Jeri, again thank you so much for taking the time to be with us. What is the name of your firm?
Our group is Dream Vesting Group and our brokerage is Keller Williams Arizona Realty.
So that is great, licensed agents with Keller Williams and I know the two of you and I know of your history and we will talk a little bit more about that, but you have been working together for awhile. You and I had a chance to speak about the short sales and your success rate, very, very impressive proven results always helps. So the natural first question for those that are listening today. What is a short sale exactly?
A short sale is a property sale where the bank or lender agrees to accept less than what is owed to them. So the bank is agreeing to take a loss on the sale of your property, and I like what you said earlier about not trusting a loan modification or a short sale to just anybody, you definitely dont want to be the guinea pig and you dont want to approach the bank yourself and ask them to please take a loss because you need to sell your home.
And that is one of the things that is funny nowadays. I know people have seen them pop up all over the town, the ugly yellow bill boards all over the place. Advertising on the radio about loan modifications and they have 100% success rate, all kinds of these different things. The same thing with short sales, you actually have a process and you have a lot of experience doing it, you know the ins and the outs and this isnt a part time job this is a fulltime job.
Absolutely is a fulltime more than fulltime job, the last three Sundays I have been on the phones with lenders when they are open, one of them has a call center in India. I have been on the phone from 10 oclock at night until Midnight and again at 6am with the same lender trying to stop foreclosure.
Well that is good that you have the time, Take the time to do that. I am sorry that you have to work that many hours but you know Kalyn, is it not true that the sooner we get through all of these short sales and loan modifications the better off were all going to be anyway right?
Absolutely, a lot of people ask, what does it take? Who should be considering a short sale? If youre late on your mortgage currently, if your mortgage has adjusted, if you can no longer afford your monthly payment, if you foresee yourself not being able to afford your monthly payments, any of these instances plus several more, you should definitely be sitting down with someone and talking about your options which would be most likely a short sale or loan modification.
Yes the last thing anyone wants, and I mean anyone, is a foreclosure, that is the last resort. Nobody wants a foreclosure; you dont want it on your record, you dont want to have to deal with that. Its a very public event, a foreclosure is, the banks dont want you to foreclose and that is probably why they are so willing to work with you would you say? Absolutely the banks dont want the home back no matter what they tell you.
Exactly and on the loan modification side people try on their own to do this and its true that people can actually do a loan modification on their own but there are so many pitfalls and its just not something you want to try on your own. Surely you dont want to try a short sale on your own. So Jeri let me ask you this, what are some of the main objections?
The main objection that we hear from most of our clients is the cost to them, they already cant afford the payment on their mortgage or they wouldnt be in that particular situation 9 times out of 10 and so they are concerned about cost. Most people have already resigned themselves to the fact that they are losing their home and they dont want to spend any more money on it.
The good news is in a short sale you dont have to spend anymore money, all of the costs are absorbed by the bank. They agree to lose more money basically, so there is no realtor fees and the majority of the time we can negotiate an as is contract so if there are repairs that need to be made they dont come to you and ask you to do it, its just factored into the cost. So its very effective for homeowners.
And again it keeps them from going into foreclosure. They get to stay in the house and they get to save whatever is left of their dignity, some people take it very pride fully as well. So Kalyn, the second most common objection is?… http://realestatemarketingthisweek.com
Duration : 0:6:34
http://realestatemarketingthisweek.com/short-sales/avoid-a-foreclosure-on-your-credit-report-short-sale-your-home-and-save-your-credit/ – Avoid a foreclosure on your credit report, short sale your home and save your credit
Part 8 – Ok, so that is good to know, I know there are people who want to try and do that and I really dont know. I am really a full time mortgage professional, I didnt get into the loan modification business on purpose, we write mortgage loans, real estate loans for residential and commercial, so therefore I dont know your laws on the same token you dont do loan modifications and you dont write loans, youre professional realtor.
Exactly, and one more thing, bottom line is you cant be defrauding the bank. Because then youre stepping into mortgage fraud, as you know. You do have to have a hardship, you honestly do have to show, if youre going to be benefiting from staying in the home, you have to show a hardship that you cant afford the current payment. If youre making a couple hundred thousand a year and have a ½ million in the bank and owe $200,000 the bank isnt on your side in that case.
There are a lot of situations though when a homeowner wants to stay in their home, if that is the case, then we market it to investors, because there is a lot of the people who are buying these homes so we work with the investor and we work out the lease amount and the homeowners can stay in their homes in those situations. Whatever it looks like at the end of the day, the homeowner needs to picture where they are going to be in the short term midterm and long term and where this house fits into those plans, if a loan mod isnt right a short sale is a significantly better option than a foreclosure.
They need to call now, they need to take action because you do need to find a place to live and were here to help you, you dont want to get two weeks to the point of foreclosure and have no where to move your family. And the Dreamvestors Team that is your main focus right now, but people still call you for first time home buyers.
We work with buyers as well as people who are short selling. We have been in real estate several years and we didnt want just short sales, were fortunate to have a very strong clientele base and were always taking new clients. We have just adjusted our focus as the market called for it and as our clients called for it.
The other thing too when we talk about these short sales, getting out of that home before it goes to foreclosure is always the best case scenario, the bank is happier with it, the house is more saleable in most cases, people are still living there, its still there home, they still feel like the pride of ownership.
Yes, and in addition, pride of neighborhood is another point. Your neighbors are going to like you better because there is not a foreclosure in their neighborhood, it helps keep the prices up when the bank takes them back the banks price them even lower typically, well sure and then its vacant and we have the potential problem of neighborhood kids turning the house into a paintball arena.
I saw that in a fantastic two story home with an amazing backyard, this house was to die for, a million dollar home and the neighborhood kids turned this house into a paintball arena. Now I am not going to lie, that might have been fun when I was a kid, but this house was trashed, wires hanging out, I mean it was just an absolute mess. The lenders dont want that, you dont want that. They need to take action they need to call you.
Yes educate yourself and call someone today. Folks its important to point out today that I would like to see you call Kalyn and Jeri for this because I know, I have seen their track record. I know their close ratio and I know that they generally care about you and your needs first, but if you have someone who does this and youre contemplating it, if you have a sale date coming up, you need to take action. Move on with your life, put this part of your life behind you.
One of the things to and we dont want to get to deep into this, Jeri or Kalyn, but after the short sale is done its all said and done, you have an affiliation with people who can help them out in getting their credit repaired and ready to go. We do, we really pride ourselves on being a one stop shop, so we help educate them, if its going to be a loan modification or a short sale once they get through the process then we begin working with them on credit repair. We have a program that we work ourselves, and if its a really sticky issue with your credit we have people that we work very closely with that we will refer you to, we also have a team that includes a bankruptcy attorney, a real estate attorney and a real estate CPA… http://realestatemarketingthisweek.com
Duration : 0:7:2
Come take a ride with Sacramento Realtor, Gena Riede in Elk Grove, CA. Learn who is getting fined.
Duration : 0:2:4
so many people have been affected by our banking system’s financial meltdown, there is now a need for alternative financing.
I met Corey Schwartz of Serinova financial. They are a licensed mortgage broker here in Arizona. They are private investors.
So why are we talking about this? How many of you want to take advantage of foreclosure homes and buy at the auction? But you don’t have cash to close. The trick to buying at the auction is you have to pay cash. Corey and Serinova will finance you for a Foreclosure purchase at the auction.
That is not all they do. You may want to buy a Short Sale or Foreclosure home on the regular market. Buy it fix it up and flip the home. Serinova will finance this type of investment too.
Another group, for people that just went through a Short Sale or even a Foreclosure. You no longer have to wait 2 years for a Short Sale or 5 years for a Foreclosure to buy another home. You can buy today with Corey’s group at Serinova.
This is exciting that these types of financing venues are available.
Corey can be reached at 602-739-7060 and you can find out more about this company at www.Serinova.net
Just my opinion…Jeff Cameron Scottsdale McDowell Mountain Ranch Realtor specializing in Short Sale and Foreclosure homes keeping you up to date on the real estate market!
www.ArizonaBankDeals.com
Looking to be a part of our Elite Buyer Group? http://www.arizonabankdeals.com/how-to-buy-foreclosure-homes/
Recorded on February 17, 2010 using a Flip Video camcorder.
Duration : 0:3:5
Buying a foreclosed property is a very good deal. Discover how to buy foreclosed property with expert tips from a licensed real estate agent in this free video.
Expert: Richard Blake
Bio: Richard Blake is a licensed real estate agent that has closed more than 20 times the number of transactions per year than that of the average realtor for the last three years.
Filmmaker: Christopher Rokosz
Duration : 0:1:40