bill_gatten

@bill_gatten wrote:

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With all that said let me respectfully request that outside this particular thread, do not any longer advertise your own short sale program here. We’re not worried about the competition, only about people advertising their own wares on my dollar without specific reference to what the board is for.

Don’t get me wrong…if…

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@bill_gatten wrote:

Don, to compete with us, all anyone has to do w/r our short sale program is beat the following:

100% full, All-Cash immediate offer with Proof of Funds (separate and verified with each transaction)

All offers go to 85% of the appraised valuation

We sell all properties to retail buyers at 88% of certified Fair Market…

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@bill_gatten wrote:

Remember that use of an option or CFD in a short sale scenario is against the law.

Bill

Can you provide the Statutory reference for this statement. I agree with you but I need to have the Law that forbids the Option or Contract for Deed in front of me so I can shut down that Orange haired guy out of Florida. He is kinda annoying.

@bill_gatten wrote:

Pardon me for jumping into your little repartee Don and Cork, but let’s get something straight. We now have 45 transactions in process and 65% (at least of them will get approved). Our offers are at 85% of the the appraisal, and all-cash with immediate full (legitimate) proof of funds, no contingencies and As-Is. …

If…[Read more]

@bill_gatten wrote:

Kathleen, you are not only brilliant, a fine lawyer and a looker…you’re my next wife (assuming my present one will relinquish title to me and give me back all the jewelry).

Thank you so much for that input. It answers the questions and enlightens us all as to the reality of what’s is going on.

Our thinking re. our proposed…

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@homesavers wrote:

@bill_gatten wrote:

I’m not sure how many agents would be willing to take a back-seat on these transactions, even though they will still be a part of the transaction as the seller’s or buyer’s agent.

This is the kicker. Agents are into control. Sellers pass control to them for this very reason so they can solve the problem…

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@bill_gatten wrote:

I’m not sure how many agents would be willing to take a back-seat on these transactions, even though they will still be a part of the transaction as the seller’s or buyer’s agent.

This is the kicker. Agents are into control. Sellers pass control to them for this very reason so they can solve the problem of having a…[Read more]

@bill_gatten wrote:

An LLC can be either a beneficiary, a trustee or a settlor. Just not the trustee and beneficiary or settlor at the same time.

As Gary said, the best arrangement is the one we espouse…a third-party unbiased fiduciary, non-profit corporation as trustee and either you or your LLC as the beneficiary.

How about a 3rd Party…[Read more]

@bill_gatten wrote:

“Why (How) does (can) using a land trust avoid seasoning issues?”

Well…if a short sale seller places his property into the land trust prior to the short sale negotiations, and the end-buyer acquires the property from the trustee who has held title for the requisite amount of time (irrespective of who the beneficiaries may…

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@bill_gatten wrote:

@scott wrote:

@homesavers wrote:

Somebody needs some money somewhere. Unless I missed something along the way. How are we going to make money without money? We are not the Federal Reserve.

You did miss it.
Free real estate means FREE FOR YOU

Yeah! Right on Scott! Say, I give you a limousine with $500 per-month…

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@bill_gatten wrote:

@homesavers wrote:

There is no such thing as free real estate!

What?? So now you tell me!! What the h*** am I supposed to do with my new shipment of 10,000 copies of A Fortune in Free Real Estate (the nation’s number one best seller by me)?

Holy crap! I now have a gigantic boat anchor that will sog all up once placed into…

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@bill_gatten wrote:

The way to get people to sign on the dotted line is to sit in front of them when instructing them to do so.

And…whatever you do…keep bugging them (no more than once a day) until they either do what you want or they tell your to take a flying leap at something you wouldn’t ordinarily consider taking a flying leap…

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@bill_gatten wrote:

But…(but, although and however) if you ARE going to do that, then tell them exactly what to look for: A seller willing to stay on the loan and leave their equity in tact (if any) for 3-7 years. Now, the only problem with doing that is that they don’t have your knowledge and skill and will virtually never say the right things…

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@bill_gatten wrote:

Walgren vs. Dolan and The Estate of Tutules.

Good follow up Bill.

@bill_gatten wrote:

Loy – Good luck with trhese bozos. Just get those deed over to Tom as soon as you can.

Bill Gatten

@bill_gatten wrote:

Although, I admit, maybe I’m just having a bad day…if so, say so and I’ll change my mind (but damn!!).

I respect you “GetSmart,” but when your getting smart is on my nickel (not to mentioned the free 3-day workshop you say you attended), then maybe we should exchange screen names as apparently I’m the one who needs a smart…

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@bill_gatten wrote:

Yeah, the consequences being my slapping you sillity with a monkey bladder

I really, REALLY hope you were talking to me Bill.

Looking forward to that, well, actually, a little nervous but I should be ok.

cool. will a HML still lend even if the investor has 400-500 FICO score but the equity in the property is enough for collateral? i would think they’ll just raise the points up front instead. maybe its better to find a credit investor to apply for the HML to minimize the points and then later refinance it afterwards.

btw: when a HML lender…[Read more]

@bill_gatten wrote:

To curb a rash of litigation attempts and threats of late by those attempting to draft their own EHT documentation, no longer will EHC accept or process EHT or PAC documents that are not drawn or approved by NARS and its legal advisers.

Thumbs up for this

@bill_gatten wrote:

Alvin, I’m begging you … drop the word broker from your terminology…it will bite us both in the as-pirin box

We don’t have NARS brokers, we have real estate brokers who are NARS members. Brokering or positioning oneself between relinquishing and acquiring parties while not a principal or licensed agent is a big fat…

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