Hunter Paschall

The wave of Pre-Foreclosures has hit all across America.
Every time you read a newspaper or watch TV, they are talking about Pre-Foreclosures.
In 2008, the Foreclosure rate went up 80%.
There are aproximately 2.5 Million Pre-Foreclosures across the nation.

Knowing foreclosure will destroy their credit, a distressed owner will usually try to sell their home to recover some of the debt owed to the lender, even if the price
is below the mortgage balance owed. However, in some cases, the owner cannot afford or is unwilling and scared to sell a home for less than what is owed
because they are unaware of the short sale process. It has been found that lenders would prefer for the homeowner to sell the house at a discount versus accept a deed in lieu of foreclosure.

In some cases, a borrower faced with foreclosure may be able to:

A. Sell the property to a buyer/investor who will arrange new financing and payoff the old loan or

B. The lender will accept a “deed in lieu of foreclosure” for the subject property.

A deed in lieu of foreclosure is when the lender accepts the deed to the subject property in exchange for the debt. In these cases, the lender has determined
that possessing the property immediately is preferable to the cost and risk of pursuing both a foreclosure proceeding and sometimes a deficiency judgment suit.
However, a lender does not have to accept the transfer for full payment for the debt. The borrower may still be liable for the difference in value and a deficiency judgment can be filed against them. It is recommended that the borrower, when trading “deed in lieu of foreclosure”, before signing, read carefully over their documents to ensure there is a clause that states whether or not they are still liable for the deficiency.

Are you considering becoming a real estate investor?Already there and not sure why the deals are not going through?
The true investment you can make for yourself in education. In Short Sales your success is measured by what you know.
Making a small investment to get big results is done by using what you learn, increasing your odds of closing the deals and making the most of your profits.

I keep current on a daily basis of any changes, new laws, and what the banks are calling for. While many people think that the real estate market is terrible, I do not agree. This economy is allowing the best opportunity for real estate investors. As you can see from the 2.5 Million Pre Foreclosures accross the nation there are pleanty of home owners out there needing our help.

To Your Successful Investing,
Hunter

407-772-2274
3dayslive.com Short Sale Home Study Course Here.

In my blog "What to say to a Home Owner in Foreclosure" I shared why homeowners are in trouble, what they are not doing to help themselves and how you can help them everyday and make money...

Since that blog, I have received questions about where to find the foreclosure properties.

Where do you start?

*You local Court House:
Look up foreclosure records. You could ask an assistant for Lis Pendens or Notices of Default.

*Online: Many websites now have a section for REO/Foreclosure Homes For Sale

*Real Estate Agents:
Realtors and other agents can have access to foreclosure listings.
Many banks with foreclosure properties will hire an agent to represent them

*Listing Companies:
They do the research for you and send sell a subscription to those who are willing to pay for this information.
Be careful some of these subscriptions are just for a way for someone else to make money, see if they have a trial to test their information and be sure the homes are current.

Newspaper:
It is required by law for all states to post a public notice of auction in a newspaper for all foreclosure properties.

Word of Mouth:
I know that whatever business you are in, word of mouth is one of the best compliments you can get.
Let everyone know your real estate investor.You specialize in foreclosure properties/ Short Sales and you can help the homeowner in foreclosure.
It is amazing the phone calls I receive just from this one technique.

Once you find the properties you are on your way to helping the homeowner and making money..
Be sure you have the right training, don't waste your own time...
More ways to find properties that works for me are in my Short Sales Home Study Guide and all the bonuses you will need to be a success!

Have a Fantastic Day,
Hunter
407-772-2274

Well I learned a big lesson today. Keep your mind focused on what you are supposed to be focused on. When I was working for my dad in the automotive business, we were working in the shop and I had to polish shafts on these armatures (piece of a starter that goes in the big monster trucks). When doing this you would have to stay completely focused because you use a machine that spins around like a top at high speeds and if your mind wanders you could snap a finger or subject yourself to a multiple of different types of injuries. One day I was thinking about something else while I was polishing one of these 5 pound metal armatures and it flew out of the machine and struck me right between the eyes.

I don’t know if that was a lesson or what it was but it was something that definitely told me “Hunter you are not staying focused on what you are doing”. The point I am trying to make is that if you do not stay focused on the task at hand it may jump out and hit you right square in the face. So always be conscious of what you are doing and keep yourself focused on the task at hand and completing it before moving on to another task. Learn what you need to learn, get all the information you need to get and finish that task. Don’t let yourself get smacked in the head because you can’t stay focused on your current task.

Even though I learned to stay focused many years ago by getting hit in the face, I had to learn it all over again today. As I was driving away from my house today, I drove through a field so I could take a look at one of my boats. I wanted to check and make sure it was okay. Instead of focusing on where I was currently at, I was focused on where I was going and looking at my boat. Unfortunately, the field I was driving through had a few palm trees scattered around and one of them helped me come to a sudden abrupt stop. I wrecked my brand new 2010 Toyota Tundra head on right into a 40 foot palm tree because I was not looking where I was at the moment. Instead I was looking at my boat. So even now it seems that I need to be reminded of the task at hand. Something as simple as driving my vehicle. I would have seen the boat once I reached my destination but I became impatient and started looking at it when I should have been focused on my driving.

You know, I have learned in the real estate business, if I don’t stay focused on the task at hand everything around me will start to fall apart. Meaning, that when I am working on a short sale I have to stay focused on the seller which is the number one most important part of this whole process. I need to keep a rapport with them. The second thing that I need to stay focused on is the bank. I have to know what the bank needs and when they need it so that the short sale process runs smoothly. I have to make sure that when they call that I return calls in a timely manner and that goes for when they e-mail me as well. The third thing is the buyer. Making sure the buyer is getting qualified by the lender and making sure they can get a loan so they do not tie up my property.

If I do not stay focused on those 3 simple things when processing a short sale, I may run right straight into a tree that brings me to a sudden stop like I did this morning!

Please remember to stay focused on the current task at hand. It is okay to have the end result in mind but you need to stay focused on the process of getting there. If you don’t then you might not reach the end because instead you might be sitting dead in your tracks with a 40 foot tree in front of you.

The good news is that everything can be fixed. However, I like to keep things simple and do it right the first time. I learned the hard way to “keep it simple, stupid!!” and it looks like I am still learning it today. My truck can get fixed but the bad news is now it is taking away from other things I need to be focused on. Going through the insurance company and working with the body shop to get the truck fixed will take time and energy away from other things. I can delegate it and have other people do it but the fact remains if I would have been focused on my driving this would have never happened and all the time energy that will be spent on fixing the truck could have gone toward something more positive and lucrative.

Bottom Line is that by not being focused I have caused something to be in my life that I don’t need nor want. So learn from me and Stay Focused!!!

Have an awesome day!!

Hunter

407-772-2274

3dayslive.com