Ok, so I’ve known Mike Collins for around 3-ish years now. He’s a 24+yr house veteran of flipping houses who’s always seemed a pretty straight shooter to me. He’s also like, the most laid back guy I’ve ever met (I practically fall asleep shaking hands with him. So why’s he smashing a TV with a [...]

Here’s a handy resource worth passing along.  And it’s one you short sale investors out there will find particularly useful… Short sale guy Shaun “The Swan” McCloskey just posted DIRECT contact info for some of the “higher ups” at Countrywide on his blog. Just to be clear, if you find ever should yourself negotiating a [...]

Heading into the weekend I just want to pass along an article I read today that, frankly, really challenged me. It’s from short sale guy Josh Cantwell sharing his thoughts on the Fannie/Freddie Mac seizure doubtless everyone in the free world should be keenly aware of by now. Now I should clarify, he didn’t ask [...]

So Uncle Sam just ate cousins Fannie and Freddie.
With that, the we enter a new and uncharted phase of the mortgage crisis, potentially saddling American taxpayers with billions of dollars in losses from home loans made by the private sector.

Ross Treakle today announced the release of his new Free HUD-1 Generator. This is actually a program he and his brother Graham (“Mr. Banker”) released privately several months ago, limited to his social networking site subscribers. But after having received a good deal of positive feedback from BETA testers, seems they’ve decided to open access [...]

I’m completely swamped right now – gotta run out to the Memphis board of Realtors for some real estate license junk. Ugh… Before I run out, I just wanted to let you know about something  really exceptional.  Something I wholeheartedly and passionately endorse… PrivateMoneyEvent.com I’m not going to be long winded about this.  But let [...]

Here’s a spattering of articles I’ve stumbled upon this week, and found interesting, relevant and shareworthy… “Bulk REO Properties – Is the ‘bulk’ REO deal a myth?” (The REI Brain, 7/16/08) “I have been seeing all kinds of people saying lately that they are “bulk reo property” buyers. Then they go on to say that [...]

I first heard about all the fuss with Fannie Mae and Freddie Mac on Sunday while at Shaun McCloskey’s short sale bootcamp. Someone had mentioned it, after catching a glimpes of the news on a break. Now that I’m back in town I’ve done a little reading up on what’s going on. Veeeeery interesting.  It’s [...]

Indymac Bank, one of the largest independent mortgage lenders in the U.S., was shut down by the feds today. No, I’m not jumping on the “sky is falling” bandwagon here.  But this is still big stuff, folks. It’s the fifth FDIC-insured failure of the year, the biggest bank failure of the housing downturn to date, [...]

Many of you know I used to work alongside Steve Cook at FlippingHomes.com Though I’ve moved on from my role as the “Flipping Homes 2.0″ guy, my opinion of Steve’s education is unwavering. When it comes to learning the ins and outs of flipping houses (whether fixing-and-flipping or wholesaling) you just can’t beat Steve’s stuff. [...]