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I just wanted to share some details on a couple deals we have been working on lately. We have recently been coming across properties that are overleveraged 150-200%. We decided it was worth our time to try to help these people out and make the deal happen, but we eventually found out that the bank is not going to be very cooperative with these deals. On one property the homeowners owed $179,000, and the BPO agent actually told us that it was worth about 125,000, which we agreed with. We sent in our offer of... continue reading >>

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I am looking to see if anybody on this site has any input on a good site to skip trace people who have abandoned their houses. We get a bunch of letters returned to us every week and probably at least 10 letters are because the house is vacant. These are great leads to get in touch with the sellers on. I know there are a ton of sites for skip tracing but I'm looking to find one that someone has had good luck with. Any input would be appreciated.

-Brian

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Is anyone interested in exchanging successful letters that they are mailing to pre-foreclosures?  We have a variety of letters that we use on a regular basis and are willing to share them.  Send me a message if you're interested.

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Does anyone on here have a short sale package for IndyMac Bank ?  They take a long time to send there packages out, and they'll only send them to the property owner directly.  I'm looking to get one that i can keep on file.

thanks,

Brian Ducharme

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I just wanted to share some information on a couple deals we have going on. We're beginning to get good results on the acceptance of our short sales. We just closed a property that we completed a massive discount on. The homeowner owed approximately 205,000 on a property that she bought last year. The property was in decent shape but needed a lot of cosmetics. We knew to us that the property was only going to be worth it if we got it for about 125,000, which was our offer. We figured it was a... continue reading >>

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We are currently working on a shortsale for someone who has a loan with AHM (American Home Mortgage). This bank has recently been ordered to cease business activities, which some of you are probably aware of. This causes a slight problem for us because there is no way to contact this bank, all options on their menu bring you to the same voicemail box, which is full.

How do you handle a loan with a bank that is no longer in business? Where did this loan go and who is handling it. We are trying... continue reading >>

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Is anyone on here currently using voice broadcasting to contact people who are on their pre-foreclosure lists?  I am curious what service people are using for this because we are interested in starting to do this.  It is a pre-recorded message you create that calls all of the numbers you enter.  It seems like a great technique to give people a heads up that they have mail coming from you.  Anyone have any luck getting this set up?

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I posted this in the marketing forum but it isn't drawing any responses so I thought I would post it here as well.

- What methods are the seasoned investors out there using to gather leads from the city halls or court houses? I know it will probably vary depending on the size of the cities you live around. Do you pay someone right in your office to go out and personally collect them? Do you collect them yourself? Do you wait til they hit the newspapers or local real estate papers? any other system? We are interested... continue reading >>

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This pertains more to people who are purchasing houses to "flip". I thought I would share some past experiences we have had in this business. Some of you know, my partner and I started investing at a young age, so we had a lot of information to learn and experience to gain. I was 19 years old, a sophomore in college, when I first started investing in wholesales and sub-to deals. Being new in the business, all we wanted was to GET DEALS. We wanted anything that could come our way that we could try... continue reading >>

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I need a copy of the short sale package for Washington Mutual ASAP and the bank is taking forever to fax it to me.  Does anyone have a copy of it on file? if so it would be greatly appreciated if you could fax it to 860-887-0055 or you can email it to me at brianducharme@gmail.com . 

 

thanks,

 

Brian

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