Denis DaSilva Bank Owned Foreclosure Expert

I Just Sold another of my personal Deals (Flips) I do 2 to 3 a year. I tried a local hard Money Lender that charges a total of 10% of the loan in this case approximately $14,000.00. First I paid about $4000.00 then $10,000 when the deal closed. It's better than bringing in another partner (typically looks for 30% to 50% of the deal) and this way I didn't touch my cash reserves.

Do you know of a better Lender or method ??? If so I would love to hear about it.

Keeping an open mind pays off in this business.

I started working with Short Sales about 2 years ago, The first 3 deals we worked on for 6 months, only to have the lender foreclose on it even though we had qualified buyers for them willing to pay market price. I wanted to help these families and close these deals but we were not successful.
I was having Lunch with Thomas Percy the founding member of the law firm of Percy, Tedeschi & Associates, P.C and I explained the challenges I was experiencing with Short Sales.
Tom informed me that as a courtesy to brokers that he works with his office started to handle short sales. Since then we have processed dozens of successful short sales with a success ratio over 95% on qualified transactions.
The Single most important aspect of this is not the closing itself but a lifelong relationship we build with these sellers that would otherwise be left on their own to face these faceless financial institutions.
Therefore it becomes my obligation to pass along this resource to other brokers in Massachusetts and Rhode Island:
The Website is www.ptklaw.com and the main number is 508-828-1900 Ask for Tom Percy

Good Luck

Denis DaSilva Associate Broker REALTOR®, e-PRO®, LMC®, CDPE®, REOTRANS PLATINUM CERTIFIED®

RE/MAX Welcome Home
Office Phone: 508-536-6079
Direct Phone: 508-813-6875
Office Fax: 508-916-4300
Email: denisd@remax.net
Web: www.BankOwnedTeam.com

Hard of Private SHORT TERM loans NEEDED!! 3 Points Down and 10% to 14% Rates Offered 3 to 6 Month terms. Call me direct 508-813-6875 SECURED BY REAL ESTATE!! Doesn't get any better then this.

Buyers tired of losing out on great deals.

BANKS WANT CASH! Passing on higher financed offers

I had a VERY strong Buyer 20% down and $5000.00 non refundable, the bank rejects the offer and takes a cash offer $35,000.00 LOWER!! This is why Hard Money Lenders or HELOC give the investor a HUGE advantage.

Thoughts ?

Denis DaSilva Broker Associate REALTOR®, e-PRO®, LMC®, CDPE®, REOTRANS PLATINUM CERTIFIED®

RE/MAX Welcome Home
Office Phone: 508-536-6079
Direct Phone: 508-813-6875
Office Fax: 508-916-4300
Email: denisd@remax.net

Broker Associate of RE/MAX Welcome Home has earned the prestigious Certified Distressed Property Expert (CDPE) designation, (The First to Achieve this Designation in the Taunton Area) having completed extensive training in foreclosure avoidance and short sales. This is invaluable expertise to offer at a time when the area is ravaged by "distressed" homes in the foreclosure process.

Short sales allow the cash-strapped seller to repay the mortgage at the price that the home sells for, even though it is lower than what is owed on the property. With plummeting property values, this can save many people from foreclosure and even bankruptcy. More and more lenders are willing to consider short sales because they are much less costly than foreclosures.

In the Taunton area, many homes are in danger of foreclosing. It is happening in all price ranges. Local experts say that even high-priced homes are not immune.

"This CDPE designation has been invaluable as I work with sellers and lenders on complicated short sales," said DaSilva. "It is so rewarding to be able to help sellers save their homes from foreclosure."