Group Q & A 418070

Question:

Bernardo who says he has a short sale question, how to get the lender short sale approval in a down market when the BPO is higher.  Now for those of you on the call who don’t know what a BPO is, that’s a broker price opinion.  That’s what the lender has ordered from a agent or realtor to go ahead and tell what the value of the property is and what Barnardo is asking is when they those “experts” in the industry have told the lender what the property is worth and suddenly you come in at a greatly reduced price, what do you do about that.  He says, “I sent the short sale package.  I negotiated with a lender and the BPO is higher based on the old market at higher prices.

(more…)

Group Q & A 723070

Question:

Let’s start with Feridune on a trust question.  He says hi Lou.  Hope you can answer these questions.  I have 15 four plexis in Nevada and have a few questions about them.  What software do you recommend for tracking the income expense of these 60 units?

(more…)

Group Q & A 312070

Question:

From J.P. Johnson, and J.P. says, “Hello Lou, I’m in Fort Lauderdale, Florida.  Purchased your Whole Enchilada Course, and need specific steps on getting started in the pre-foreclosure business.  Please advise with the specific types of marketing I should use for my area.  Thanks, J. P.

(more…)

Group Q & A 901070

Group Q & A January 9, 2007

Lou Brown:

Question:

J. R. says, “As you already know about the legislation relating to lease options in Texas, I was told there was a way to achieve the same results using land trusts.  Would you happen to know…how that would be possible?”

(more…)

Group Q & A 529070

Question:

What do you say to mortgage companies like Auquin when you know what the BPO came in at, and the mortgage tells you a different amount.  On a deal I was doing with Auquin I knew for a fact that the BPO came in at $49,900, right where I wanted it to, and Aquin it came in at $81,000.

(more…)

Group Q & A 427070

Question:

My partner and I acquired a house under subject to the mortgage.  We were going to fix it up and sell it before it went to the courthouse steps.  It was taking of the records for a while for whatever reason.

I guess you mean taking a while to record the deed, maybe.

I was checking periodically to make sure it did not go to sale before we could refinance the home.  I checked at the end of June and there were no court dates set for auction.  I checked again last week and it had been sold back to the bank without us being notified.  Is there anything I can do to get this back so we don’t lose the money we have put into this home.

(more…)

Group Q & A 423090

Group Q & A

Promo Announcement – Male Speaker:

It is time to get smart Atlanta, Street Smart that is.  Street Smart with Lou Brown.  The show where you do not just learn to save the real estates you own, you learn how to prosper for pennies, beat the declining real estate market and make it your own.  Turn a troubled economy into a prosperous present for those you love.  Make your days worth living by investing for less in only the best, land.  The one thing God only made so much of.  So, tune in now for the only show where you can get the whole enchilada in real estate insight, Street Smart with Lou Brown.  There is no other show on TV or radio where you can invest your time and come from behind.  So, tune in Atlanta for the whole enchilada of real estate insight every Monday through Friday, from 12:15 to 12:30 and get this, next, sit down with a pen and pad for your call in session on Saturdays at 2:30 p.m. when the Master himself is in, Lou Brown.  That is Monday through Friday from 12:15 to 12:30 p.m. and again on Saturdays from 2:30 to 3:30 p.m.  Come on Atlanta, get Street Smart, only from the big gun, WGUN

(more…)

Group Q & A 013090

Group Q & A

Lou Brown:

Good day everyone and welcome back to another Street Smart Q and A where you’ve asked a lot of very intelligent questions over the last couple of weeks, and I’m excited to answer these for you.  As we get started, I wanted to give you an overview of where I see the economy over the last couple of weeks and over the next couple of weeks.  A few things have come out since the last time we spoke, which is very interesting.

(more…)

Group Q & A 422090

Group Q & A

Lou Brown:

Good day, everybody.  Welcome back to another Street Smart Q & A.  I’ve had an interesting couple of weeks.  I hope you have too, and I hope your business is growing, expanding, and that there’s lots of things that are happening for you.  I want to relate to you, of course, during and in between these calls.  I also have my individual coaching calls with many of you, and I’m hearing some things that I want to make sure everyone is on the same page about.

(more…)

Group Q & A 012090

Group Q & A

Lou Brown:

Hello everyone, welcome back to another Street Smart Q&A, I have a lot to report on this session and I hope you’re paying attention to this great market that we’re in.  You know, it’s amazing to watch how many people are saying how horrible and terrible and bad things are and we are just inundated with opportunity.  I hope you’re looking at this from the right way and not living in fear because this really can be a time that really “try men souls” as they say but the opportunities out there are just amazing.

(more…)