Nov

What my father told me about politics and religion

Posted by D.C. Fawcett Published in Foreclosure Investing

My father told me you shouldn’t talk about politics and religion because people get very emotional about it. So I am going to take his advice.
In fact, it doesn’t really matter to me who the president is.
While everyone else in this country was glued to the TV Tuesday night,
I was hangin out with my family.
Here’s […]

1 comment

Oct

Favorable Short Sale Lenders

Last Thursday while I was talking to one of my Gold coaching students on one of our coaching calls, he asked me who the short sale lenders are that he should be working with. I thought this would be helpful for your short sale biz as well so I posted it here for ya.
Here is […]

8 comments

Sep

Do you think Congress should approve the $700B bailout?

Posted by D.C. Fawcett Published in $700 bailout, financial rescue package

I think we are close to a decision. We should hear any day now what the government is going to do about the pending financial rescue package.
They are now talking about the government taking an ownership stake in each company that they acquire assets from and that the taxpayers could actually profit from the deal […]

40 comments

Sep

State Foreclosure Laws already passed in 2008

Posted by D.C. Fawcett Published in $700B, 2008 state foreclosure laws, Foreclosure Investing, State foreclosure laws passed in 2008, bush economic rescue plan, economic rescue plan

I’ve gotten alot of requests if other states other than Florida have passed these types of laws. So here ya go.
Here’s a list of the state foreclosure laws that have already been passed in 2008.
Florida HB 643
Hawaii HB 2326
Iowa HF 2653
Idaho SB 1431
Maryland HB 361
Maine LD 2189
Nebraska LB 123
Oregon HB 3630
Virginia […]

5 comments

Sep

New Florida Foreclosure Law goes into effect October 1st

Posted by D.C. Fawcett Published in HB 643, florida foreclosure bill, florida foreclosure law, new florida foreclosure law

If you’re in Florida, you need to be aware of this new law that’s going into effect on October 1st, 2008.The Government’s intention is to protect homeowners in foreclosure from falling victim to deadbeat investors that steal people’s money and don’t follow through with what they promise. It’s these types of investors that ruin our […]

6 comments

Sep

How the Fannie Mae, Freddie Mac takeover will affect the short sale business

Posted by D.C. Fawcett Published in fannie mae, fannie mae takeover, freddie mac, freddie mac take over, freddie mac takeover, short sale business

Fannie and Freddie have been lying to the public for a long time now. Claiming they have “more capital then ever” and that this disastrous market has not destroyed their finances, and they are even stronger than ever. They finally hit the wall, because the market doesn’t believe their lies anymore. The […]

13 comments

Sep

Why Lenders give us better Short Sales on High End Luxury Home Foreclosures

Posted by D.C. Fawcett Published in high end foreclosures, high end short sales, home foreclosures, luxury home foreclosures, luxury home short sales

I get asked this question all of the time.
Why would a lender want to take less than what’s owed on the mortgage?
There are many reasons.
1. They don’t want to own any real estate. They’re not in the property business. They’re in the money business.
2. They have to increase loan loss reserves for every loan they […]

11 comments

Sep

when times get tough…

Posted by D.C. Fawcett Published in Foreclosure Investing, inspirational videos, motivational videos, the secret

and you are feeling a little down, you need a little motivation
Here are a couple of resources that always work for me.
I watch this every morning to put my day into hyperdrive

Julie and Dick Hoyt’s son was born with cerebral palsy.
The doctors told them to put him away because he would be
a vegetable […]

3 comments

Sep