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beberle's picture

How to Hire a Real Estate Attorney

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by Attorney William Bronchick

 

No real estate course or seminar is a substitute for a good attorney. Finding a good real estate attorney may be difficult, since most attorneys are not themselves investors or familiar with creative transactions. Most attorneys will give you just enough advice to keep them from getting sued, but not enough advice to show you how to make more money out of a deal.

beberle's picture

State task force to take on predatory lending

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New York Gov. Eliot Spitzer has established a state interagency group charged with stopping predatory lending practices.

The interagency task force will be headed by Banking Superintendent Richard Neiman and will include the agency heads of

the Department of State, the State of New York Mortgage Agency, the Division of Human Rights, the Consumer Protection

Board, the Division of Housing and Community Renewal, the Governor's Office of Regulatory Reform, and members of the

beberle's picture

April Foreclosure Filings More Than Double Over 2006

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Here's an interesting article I read over on Bloomberg. 

 

May 7 (Bloomberg) -- U.S. homeowners entered the foreclosure process in April at more than double the rate of a year ago as tightening credit made it more difficult to refinance and a swelling supply of unsold homes made it tough to sell.

The number of homeowners in all three phases of foreclosure rose last month over the same period a year ago, according to Sacramento-based Foreclosures.com, which gathers data from county courthouses nationwide. Those receiving their first notice of foreclosure from a bank climbed 127 percent, those with homes going up for sale by auction jumped 164 percent and those whose homes were repossessed by banks went up 40 percent.

beberle's picture

How the IRS profits from your short sales!

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Here's an interesting article I read on another blog recently.  Take a look by clicking here.

beberle's picture

How to use language to influence people

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My name is Bill Twyford. I've been in the business for little over eight years, and I've done almost 850 transactions. I'm very, very assertive. My specialty is communication--talking to homeowners and talking to banks.

So let’s start with some embedded commands. Embedded commands are patterns of language that bypass conscious reasoning and speak directly to the subconscious mind. Embedded commands influence people at the subconscious level. This allows you to direct people to take specific actions.

They will also have specific thoughts and will generally do whatever it is you want them to do. The subconscious is in a constant search for patterns. One command is not a pattern. You have to bombard your customer with command after command after command.

Your brain is always analyzing what’s going on around you. It’s trying to find similar things from your past and trying to line them up. The subconscious mind has stored millions and millions of conversations with other human beings. These conversations have become so routine, that the mind has virtually fallen asleep.

Your subconscious mind runs on auto pilot. It’s accustomed to remembering or responding to stuff day after day. Remember, the older you get, the more you think, “auto pilot heard this before.” When using embedded commands correctly, you create unusual patterns of language that force the subconscious mind to wake up and pay attention.

Well what’s the result? The subconscious has received a direct and specific command that it feels compelled to act on. What does this mean to you? Let me explain.

When you are in a normal, everyday conversation with investors, banks, and customers, you can influence them to sell this house, sign the deed, sign the contract, accept this offer, or whatever it is else you want them to do with absolutely no resistance.

How is there no resistance?

beberle's picture

"I Love Mold!"

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You've probably heard me say it before, "I love mold"!  The picture here is of black mold growing on sheet rock.  It's fairly common in the houses we look to purchase.  I love it when I see this because banks hate it and owners of vacant properties will be scared to death of it.  The main reason is because the lenders don't want the potential litigation, so it's their attorney's who are scaring them off.  The property owners are afraid of what they don't know or as I like to say "you don't know, what you don't know."  Below you'll find a short but helpful article on how to deal with mold properly.
mold

Using Assumptive Language Patterns

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by Bill Twyford 

Having a firm grasp on language patterns will help you close more deals.  In addition to using embedded commands, which are word groups that order you to do something, you must incorporate assumptive language patterns into your vocabulary.  Assumptive language patterns assume the outcome of what you are asking. 

 

beberle's picture

Appraiser Fraud Rampant

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Authorities alerted about suspicious mortgage cases

| Friday, Apr 20 2007 11:46 PM

Last Updated: Monday, Apr 23 2007 12:00 PM

A local home appraiser is alleging widespread mortgage fraud in Bakersfield’s housing market, accusing local real estate professionals of artificially inflating prices to generate illegal profits.

Appraiser Gary Crabtree said Friday he has alerted federal, state and local authorities to “suspicious” home sales in the Bakersfield area. But he said he believes what he has found is just the beginning.

beberle's picture

3 more lenders "bite the dust"! Mila, Home Equity of America & Opteum

Mila stopped funding loans and accepting applications as of April 20th.


Home Equity of America (a division of Fifth Third Bank) will fund loans
until April 30th.


Opteum closed their wholesale sector April 13th 2007, Opteum is shutting
down its conduit and wholesale operations, retail will remain.

beberle's picture

"jointly and severally liable", huh?

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What does that term mean anyway?  Well, whenever you have multiple rent paying tenants i.e. roommates, friends, couples whatever that are living in one apartment together, you can choose to make your life miserable or not.  This little clause must be in all of your leases, the lease will be held "jointly and severally liable".  This means that everyone who lives there is equally responsible for anything and everything.  If someone breaks something, you won't care who broke it.  You just send your bill to the apartment and the tenants decide who is going to pay you.  You won't care who pays it, all you know is that the entire amount is due. 

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