Trying to determine if short-selling mortgages is a reputable business and if it works.
132391
Yes, reputable,it works.\nNOT quick cash, NOT for the faint of heart......
515162
That's hard to say.  You haven't indicated if they are fixers or just distressed sellers.\n\nIf this is a rehab, I would probably pass.  People at that level have an expectation of what they will get when they spend that much money.  There isn't alot of room in there for error and when you are doing a rehab, you just never know what you are going to uncover.\n\nYou also have to keep in mind the holding and marketing/closing costs (typically 15%), so you can see the risk reward isn't really there.  Are you having to get a new mortgage for this?  That is going to cut into that equity a bit if you are 100% NOO financing.\n\nAs a real estate investor on homes like that, I always look at the "great deals" comment and know that if it were truly a great deal, it wouldn't be on the market for as long as it probably has been.\n\nHomes at that price level have alot of swing price wise, so at the end of the day you may be paying retail.  But since there is some play in the price, come at it $150K under that.  That is approximately 70% of retail and then you have a deal that you have many options in how to make money from the transaction from.\n\nKnow your criteria when you are doing real estate investing:  know what is a deal and what isn't.  Study your neighborhoods and pricing.  \n\nBottom line, you can make that much on lesser priced houses without as great a risk.
174270
There are open records in each city on all properties .As far as what they made ask for their last two years tax forms.Now keep in mind people knowing they will sell within a year or so my have the property re appraised and report more earnings .It is worth the tax to pay more and get it back at the sell .Look at the area , is it busy ? Is it safe ? Take the address to open police records they can look up address and tell you how many times police were called and for what reasons.Walk in the neighborhood , YES people will tell you if the business has been good for them or not and why.They can tell you it's a hang out at night .Check with zoning on any codes written up , also if it would in the near future need costly up dating for zoning.
270016
is it an advertising spiel?\nwhat are you selling?\njust a guess,\nMassive Profits And Financial Security
635808
In short, the owner acts as the mortgage company.  You will usually not have to go through all the formal financial stuff (employment verification, income verification and justification) and get a standard mortgage.  You just make your payments to the owner instead of to a bank.\nThis is a good option if you are unable to get a conventional mortgage, if you have investment homes, or if your credit is so bad that a conventional mortgage rate would be ridiculously high.
313385
I am not the dragon fly but I am a loan officer whose e-mail works :-)\n\nPerhapse I can assit you with your mortgage needs.\n\nDrop me a line with your mortgage scenario (purchase, refi etc) and I can tell you if I can assit you or not.\n\nKevin 866-562-6838 x 106\nkruorock@firstratelending.com
234708
WHEN THE MARKET IS GOOD YOUR POCKETS MAY BE GOOD TOO, BUT WHEN MORTGAGE INTREST RATES ARE UP AND HOME PRICES ARE UP, YOUR POCKETS MAY LOOK A LITTLE SLIM DURING THESE TIMES. I SUGGEST THAT WHEN YOU START YOU DO IT FULL TIME TO GET A FEEL OF WHAT REALLY WORKS FOR YOU AND DOESN'T. AND NO MATTER WHAT YOUR CUSTOMERS MAKE YOU SO BE VERY SELECTIVE AT TIMES- MEANING CHECK THEM OUT AND MAKE SURE YOU ARE WORKING WITH A REAL BUYER BECAUSE FROM MY PAST EXERIENCE I HAVE WASTED ALOT OF TIME WITH FOLKS WHO CAN'T WHAT THEY WANT, THEY STAY IN THE LOOKING STAGE FOR MONTHS- THE LIST GOES ON.\n\nON THAT NOTE SPEND ONLY A SELECTED AMOUNT OF TIME ON A VARIETY OF CUSTOMERS- NOT ALL YOUR TIME ON ONE.\n\nOVERALL IT'S A GOOD BUSINESS, BUT FOR MYSELF I KEEP THIS AS MY SECOND JOB CAUSE I NEED STEADY MONEY- \n\nMAKE SURE YOU START OFF ON THE RIGHT FOOT- PICK A GOOD REPUTABLE COMPANY TO WOTK WITH- RESEARCH DIFFERENT AGENCIES AS IF YOU WERE A HOMEBUYER AND FIND THE ONE THAT HAS THE BETTER SERVICES FOR THEM TO OFFER CUSTOMERS AS WELL AS EMPLOYEES ( LIKE TRAINING OR WORK SHOPS)\n\nGOOD LUCK
269701
It would be a good idea to check the Better Business Bureau for validations to any questionable business. Why? To run a valid business you have to have a business license. So therefore My suggestion would be as stated.
181506
You can check with Better Business Bureau, A Dunn & Brad Street report( can be costly), check with the losal district attornety offices for previous complaints, check where you live & where they are located. Then write to the state where they are incorporated to check on complaints with the state department, Then try to check on their credit rating with something like Standard & Poors, call a few brokers if they are listed & see how they rate.\nIf you got to put out alot, don't, if they offer a sweeter pot after you sign up, such as personal traing for the very special, only another $500; run & cut your losses. Some look good, but leave out a few things the first round. Something vital like how to generate customers. Its a rip off even though they might like like gold to the rest of the world.
194696
No, they are not scams in any way.  I have instituted hundreds of these for my first time home buyers and you don't have to pay them back.  \n\nIf you would like more detailed information on them, please contact me at timothy.kazee@americanhm .com and we can talk.  These are great options for someone in your shoes.\n\nTalk to you soon!!!!
19186
Well, the first questions any lender is going to ask is, "If it's a good store, why is it closed and why are you thinking about selling it?"\n\nThat in itself is going to make lenders nervous, however, if you have favorable equity in your building above the first mortgage amount and the fair market value, that should overcome all.  If you don't own the building or don't have equity in the building, you are going to have trouble in my opinion.
159885
We bought a foreclosed home last year.  We found it listed in the MLS, right along with all of the other houses in the neighborhood.  Our Realtor showed it to us.  We made an offer and had an answer the same day.  It took six weeks to get a closing on a cash deal.  There was some extra paperwork, mostly releasing the bank from any liability for things not working.\n\nThe house had been vacant for 2 years, and had not been well maintained prior to that.  Once we had the power turned on we found that the furnace, fridge, and hot water heater did not work.  We fixed the hot water heater for $20 in parts and the furnace for an $85 service call.  We did have to buy a new fridge.  We have replaced all of the floor coverings, some drywall, gutted the kitchen & bathroom, made some repairs to the roof.  We are still messing with the plumbing.  We are very close to being done with the renovations (finally), and it is starting to feel like home.\n\nOn the up side of all of this, we got our house for less than half of its market value.  By doing the work ourselves we saved a ton of $$$ on the rehab.  I would go this route again.\n\nMy advice to you would be to locate a Realtor in your area.  There are some that specialize in this type of listing.
148754
Holy High Fees Batman!!!!!\n\nYeah...you definitely need to kick that company to the curb.  I am surprised your Realtor has not told you to do that yet (if you have one).\n\nIf you would like a much lower quote on financing at a much, much lower rate, you can feel free to contact me at timothy.kazee@americanhm .com and we can talk.  Talk to you soon!\n\nI still cannot believe that deal.  Those guys should be put our of business.  Also, don't let them give you any excuses on this offer.  There are NO excuses for this whatsoever.  I wou7ld recommend not even calling them anymore at this point and not taking calls from them.
265590
My family is selling a house in Detroit right now and I asked the realtor how accurate those kinds of sites are.  He said it's really hit or miss.  Those sites dont take into account the condition of the economy of the area where you live along with a few other variables that can skew your results.
662381
If you want to play games with your financial future, which is what you are proposing here, at minimum a course in math/ financial calculations could help.  A meeting with your banker could help you understand the current rates if any that they could offer to you for your proposed project, and what conditions would be imposed on such a loan.\n\nNo, it does not sound to me as if this is an advisable plan.  It seems that basic business knowledge is missing. This can cause severe problems for the plan.
64297
We, Omites, are an experienced telemarketing company and can help you with mortgage leads. Omites can provide your company with Lead Generation Services that provide you with good and qualified prospects that will increase your company's sales. \n\nWe have developed a proven process to generate Mortgage Leads through Telemarketing. Our leads are exclusive, generated the same day they are given to you. Our leads are actually customers who have confirmed their interest in getting a mortgage. \n\nCurrently we are serving our Clients in the mortgage industry, by providing them with hot transfers and lead generation services. We generate 150 to 180 fresh mortgage leads on a weekly daily basis as per their requirement through out the week. The calling List that we use runs against the DNC list.\n\nThe rate for our mortgage lead generation services is determined, based on the volume of yor requirement.\n\nPlease email us at omites_leads@yahoo.com in case you are interested.
317836
You need to go and talk to a Mortgage Broker.  Any loan officer worthy of the name can easily assess your situation in short order.  STAY AWAY from anyone who is going to charge you fees up front (with the exception of the fee for pulling your credit bureaus.)