tag:blogger.com,1999:blog-3945028845973783484.comments2012-07-23T15:03:16.105-07:00Two Average Joes Buy Real EstateMike from Californiahttp://www.blogger.com/profile/15155799530675747806noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-3945028845973783484.post-47866301330280503292012-07-23T15:03:16.105-07:002012-07-23T15:03:16.105-07:00Small bits of content which are explained in detai...Small bits of content which are explained in details, helps me understand the topic, thank you!<br /><br /><br /><a href="http://www.agpic.com/service-areas/" rel="nofollow">Property Inspector Los Angeles</a>jonehttps://www.blogger.com/profile/03187954506757570422noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-36053124343225190752009-03-18T05:25:00.000-07:002009-03-18T05:25:00.000-07:00Mike, thanks for the great and inventive post. I s...Mike, thanks for the great and inventive post. I shall apply it to the purchase of the new property we currently are looking at. Who knows with a little bit of the old Leprechaun's gold (private money) we'll get it. All the best!All Housing Solutionshttps://www.blogger.com/profile/03290166457957552541noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-51074516986792599882009-03-17T12:05:00.000-07:002009-03-17T12:05:00.000-07:00Hi Mike, Great post. I have a house that I'm goin...Hi Mike, <BR/><BR/>Great post. I have a house that I'm going to sell on a lease to own, and today I'm going to market it using a "St. Patrick's day theme". Thanks for getting me in the spirit.Anonymoushttps://www.blogger.com/profile/08911211236404487647noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-62488505360508370152009-03-06T20:15:00.000-08:002009-03-06T20:15:00.000-08:00Are you working the foreclosure market? If so I j...Are you working the foreclosure market? If so I just saw a telecast that people are using to stop or temporarily stops the foreclosure process. Three simple words can stop or temporarily stop the foreclosure. The three words are, "produce the note." <BR/> You can ask the lender to produce the note for you to see. Here is what it does. Most mortgages gets resold and resold in packages to other lenders. Your original note with the original lender might have got sold to some other lender. Then that lender might have sold it to another lender who buys packages of notes and so on and so on. So by the time the current lender has your mortgage the original note might have got lost or still with another lender. So if someone is in foreclosure, they can ask the lender to produce the note. What you are asking them to do is to show you they have the right to foreclose and take your house away. A lot of times the lender doesn't have the note and they have to back track and find the lender that does have the note. This could take months or sometimes they can't find it. Check with an attorney to see what can be done if they can't produce the note as they might not be able to foreclose at all if they can't prove they own the note. Always check with an attorney to see what legally can be done but this does work and the lender has to legally produce the note if you ask.<BR/><BR/>Keith<BR/>Petra Housing SolutionsKeith Younghttps://www.blogger.com/profile/14172231451087908132noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-44431915239766817972009-03-04T15:39:00.000-08:002009-03-04T15:39:00.000-08:00Thanks Keith,You need creative people in the marke...Thanks Keith,<BR/>You need creative people in the market place to take the risk of buying a property that is decreasing in value like we have in California to reduce the supply of foreclosed homes and the lenders continue to throw up barriers to the transaction. I do not think it will stop investors from buying, but I know I will lower my price for the foreclosed home to account for the holding cost. Which will depress prices even more.<BR/><BR/>The way I look at it. If Countrywide spent as much time research the original loans as they are doing now for reselling foreclosed homes they would not be in the mess they are in.<BR/><BR/>I have a copy of the letter Keith talks about. If anyone would like to see it email me and I will forward it.Mike from Californiahttps://www.blogger.com/profile/15155799530675747806noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-66704856723212738802009-03-04T11:51:00.000-08:002009-03-04T11:51:00.000-08:00I just got an email from another investor doing a ...I just got an email from another investor doing a short sale with Countrywide. He sent me the letter they sent him and he had 2 things highlighted. The first said there would be no transfer of property within 30 days of closing of the transaction. Escrow instructions must contain a clause that if such a transaction takes place then the title/escrow company must notify Countrywide.<BR/> I see this more and more with lenders making it more difficult for investors to get paid.<BR/> The second clause in there basically said that the purchaser of subject property must not be related to borrower. Any relationship between agent a participating broker and the borrower or purchaser must be disclosed and approved. This transaction may not involve any third party who receives a deed from the seller at,prior to or after this closing and before recording of deed to purchaser. The borrower named above must convey title directly to purchaser named in sales contract.<BR/> I don't know what all this means other than it is getting harder for investors to get paid and provide the beneficial services they can provide. Investors are sometimes the best solution out there and they are being treated like vultures hovering above a carcass. There are some investors out there taking advantage of people just like in every other business or disaster. Every time a hurricane comes through we had stores price gouging. Don't lump all investors the same. There are a lot of honest ones out there providing a great serviceKeith Younghttps://www.blogger.com/profile/14172231451087908132noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-6513548029782984142009-02-26T20:50:00.000-08:002009-02-26T20:50:00.000-08:00Absolutely right. Thank-you for reminding me. We...Absolutely right. Thank-you for reminding me. We are here to help people.Mike from Californiahttps://www.blogger.com/profile/15155799530675747806noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-91536750677595802622009-02-26T09:54:00.000-08:002009-02-26T09:54:00.000-08:00Your blog posting made me think of one of my favor...Your blog posting made me think of one of my favorite quotes - Einstein said: "Try not to be a man of success but a man of value". Two Average Joes offers value and solutions to people who are losing their options and their hope. Real Estate is the largest purchase people make and the largest purchase some will lose. Offering piece of mind to those who need it most in a time like now is priceless. So keep standing from that window and shouting: "I'll mad as hell and I am not going to take it any more." Because in today’s world you have real value and nothing can bring that down!Marissahttps://www.blogger.com/profile/00701639761957741452noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-20572085449575922592009-01-28T21:51:00.000-08:002009-01-28T21:51:00.000-08:00Mike,Thought you might like to know about a great ...Mike,<BR/><BR/>Thought you might like to know about a great resource website for self-directed IRA's. The site is named IRAvestor and the url is http://www.iravestor.org IRAvestor is a business directory and its free to use. Check it out.IRAvestor.orghttps://www.blogger.com/profile/12451613728931644654noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-19852578922225834222009-01-11T11:31:00.000-08:002009-01-11T11:31:00.000-08:00Thanks for your comments. We are really trying to...Thanks for your comments. We are really trying to relay our experience so others can learn from it.Mike from Californiahttps://www.blogger.com/profile/15155799530675747806noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-38146217674385286492009-01-10T18:39:00.000-08:002009-01-10T18:39:00.000-08:00This action plan is wonderful. I am so excited to ...This action plan is wonderful. I am so excited to read more. Thank you for your advise and experience.JJTDMhttps://www.blogger.com/profile/08717936850856528208noreply@blogger.comtag:blogger.com,1999:blog-3945028845973783484.post-82019562564889660982009-01-08T11:12:00.000-08:002009-01-08T11:12:00.000-08:00Gotta love marketing! It can make or break you. Th...Gotta love marketing! It can make or break you. This is def. a helpful post!Marissahttps://www.blogger.com/profile/00701639761957741452noreply@blogger.com