Real Estate News Overview:
According to the Mortgage Bankers Association, nearly 1 in 8 of the nation’s home mortgage holders (12% of residential mortgages) were behind in their payments in the first quarter

Real Estate News Overview:
Obama and his aides are striving for alternatives to foreclosure, and so they should be. It has been mentioned that homeowners unable to qualify for a modification to their mortgage will see a more streamlined process for pursuing short sales and deeds-in-lieu-of-foreclosures. New incentives will be offered to help spur loan modifications in areas where home prices have fallen the most and lenders fear that they’ll keep falling. The incentives are designed to partly offset investor losses on the mortgages, and encourage loan modifications instead of foreclosures. A total of $10 billion in incentives could be paid to lenders, mortgage servicers and investors to modify loans.

Real Estate Investor Coach Response:
Once again, Obama thinks he can just throw money at the problem. Perhaps it will help, only time will tell. Again, my issue is

From one Real Estate Investor to another, I believe it is very important to always fully understand the basics to what you are doing. With that said, this audio message will discusses the question…What is a short sale?

• Always remember that you are buying a property from the seller, not the lender.
• You are justifying your offer to the lender and trying to get them to take a discount.
• The lenders options are few, so it is your job to make them want to do business with you based on your offer.
• The process can take anywhere from 2-4 months on average, or longer depending on the situation.
• There are never any guarantees that the deal will actually go through, however the better you justify yourself and your offer, the better your chances!

Talk back to me friends and let me know your thoughts on this audio post. I want to know what you like, dislike and everything in between. I