All Forum Posts by: Ryan Moore

Are you guys finding that the banks require you to use there title company to close the deal? Have there been any trouble with them allowing you to double close the deal?

Is anyone using the option contarct and double closing or back to back closing REO's with success?

If anyone is intersted in the option contract forms please contact me. I will email them to you.

Thanks

Land trust are good for selling to FHA end buyer. The problem these days is finding a title company who will do these transactions anymore. (anyone who knows of a title company closing deals using land trust please let us know)

Option contract is the way to go when looking to double close to property.

Buying 30 -90 day late leads and having a direct marketing champaign. You will have more deals then you want. try Norcon marketing. They have a great service for this type of service and can filter the leads by area code,county or city. However you want them.

What??

[size=18]Learning The Types Of Loans[/size]

1) VA - 88%

2) FHA - 82%

3) Freddie MAC (FDMC) - 92%

4) Fannie Mae (FNMA) - 90-92%

5) Conventional Loans 80% (no set limit)

Of appraised/BPO value. Memorizing the percentages will speed your negotiations and close more deals!

Of course you'll need to consider repair costs and prove to the lender they should take a deeper discount.

Consider using the option contract and double closing back to back??

"BLAST" program "A" sells to "B" and "B" sells to "C"

"A" - Seller
"B" - Investor
"C"- End Buyer

Two transactions A to B and B to C

[size=24]DANGER!![/size]

Isn't that incredible. Get ready for the next 5 years!! Things are getting better and better in this business. Alt A is not talked about much so I think this will be very informative for all the short sale investors out there. Get ready for the real title wave.... 5/1 and 3/1

That means with the most originations in 06 and 07', most of these reset from 2009 to 2012. We have not even seen the beginning of the ALT A crisis that's at hand.

Keep in mind these mortgages are much higher balances, have a higher percentage of non owner occupied AND reset MUCH harder than for example a 2/28 ARM.

On top of all this, there were much more ALT A loans originated than subprime.

GEAR UP!