Free Question Friday - The Bank’s “Credit Line” Disappearing Act plus more
February 22, 2008
What a week…
Sorry for my absense this week on the blog, but I’ve had some pressing issues that’s involved falling trees, fighting with contractors, and more…
Enough - check out this weeks Free Question Friday:
Hello Derek,
I have your excellent Pre-Foreclosure Mastery program and was
wondering when the DVD’s for the program will be sent? I recieved an e-mail
that they would be sent in early February and have yet to recieve them. Thank
you in advance for your reply, and fighting with contractors is one reason I won’t
do rehabs.
Jim
Hey Derek,
I’ve heard some lenders are now requiring a realtor to be involved in some way before they will even consider a discount during the stages of a short sale.
What are your thoughts on this?
u seem like a real person
Jim
The course should ship this week. I’ve had some delays with my fulfillment company. My rep at the company had a major car accident and had to have full reconstructive surgery to her face. Literally she didn’t have a nose. So, it has set back the shipping a few weeks, but they should be ready this week (I hope!)…
Steve,
In order to get a short sale, the lender will require a 3rd party real estate agent or appraisser to give a BPO (brokers price opinion) or a full blown appraisal to establish the value of the property. There are ways to control this aspect that help you get the BPO as low as possible.
Terry,
That’s the best compliment anyone has ever given me. What you see is what you get with me 7 days a week. In the videos, I don’t want to play dress up in a suit and tie, give a perfect speech, and look all professional because that’s not me. I’m just a laid back casual guy that loves doing deals and sharing the experience. (was that a miss america response or what?)
Got a lot more stuff you’re gonna dig
Derek