Your Short Sale Questions Answered

Hi folks, I’ve received a lot of questions about short sales lately and because now is such a perfect time for them, I want to expand a little more on the topic. In the current market, it’s very important to know how to determine what the ideal short sale is. Pay attention because I’m about…

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Fighter Pilots, Babe Ruth, and Real Estate Investing

My friend Jeff is a Boeing 777 pilot and has been all over the world. He may be in Dubai, Johannesburg, Frankfurt, Mumbai or Seoul in the course of a month. He was a fighter pilot assigned to an carrier in the Gulf War. Stable guy. Nothing rattles him or gets him too far from…

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Sound Advice for a Weary Economy

The stock market goes down 700 points in one day. The stock market surges up 1,000 points in one day. A number of world leaders have gotten together and decided to inject liquidity onto the worldwide banking system in hopes of avoiding a depression and keeping the recession short and shallow. Inflation? Deflation? Everything is…

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Breathe

It seems like every day we hear of another catastrophe in the financial world. Giant institutions “too big to fail” and being bailed out, large banks are being bought out, pension and mutual funds are tottering on the brink of the abyss, and with it the futures of a lot of retirees who have worked…

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Here’s a Blank Check. Sign Please.

Breathtaking financial destruction. Blood running on the floors of the exchanges. Dire forecasts and high officials coming to the microphones telling the citizens that they will suffer painful and long lasting hardship if they do not immediately and without further discussion, give up an astronomical amount of money … $700 Billion to be exact ……

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Come on people now, smile on your brother …

… everybody get together and try to love one another right now. In case you didn’t notice, that’s the chorus from The Youngbloods’ classic hit, “Get Together”. You can listen to it at http://www.youtube.com/watch?v=PoXYBxprAIQ. So why am I reminded of this song? Two words … Hurricane Ike. He was only here for about 12 hours, but boy, was…

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Foreclosure Part III – From the Owners’ Perspective

Two weeks ago I started an in-depth discussion of the three different types of foreclosure. Last week I discussed real estate owned (REO or OREO) foreclosure and the week before I talked about pre-foreclosure and foreclosure. Now, let’s take a look at foreclosure through the eyes of the property owner so you can fully understand…

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What’s Your Excuse?

I’ve been active full-time in the world of real estate investing for over five years now. And during that time, I’ve seen dozens of investors go from dirt poor to filthy rich. But I’ve also seen dozens of investors who, well, stayed dirt poor. And what I came to notice over time was that those…

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The Basics of Foreclosure – Part II

I hope you had a great weekend! Last week I started this series about foreclosure; if you missed it, you can go here and read about pre-foreclosure and foreclosure. This week, I want to share with you some information about real estate owned (REO or OREO) foreclosure. The REO Stage This stage takes place after…

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News Flash: Money Won’t Make You Happy

Yep, that’s right. Money WILL NOT make you happy. No amount of money will. That’s what I’ve come to discover over the last few years as I’ve gone from nearly dead broke to earning and spending more than any reasonable person should. It’s our family that makes us happy (sometimes!). Our friendships. The little things…

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