http://jasonlucchesi.com Mon, 16 Apr 2012 14:10:40 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 [CONTENT CALL] – Investing In 2nd Position Mortgage Notes http://jasonlucchesi.com/2nd-mortgage-notes http://jasonlucchesi.com/2nd-mortgage-notes#comments Fri, 06 Apr 2012 16:15:38 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=635

Make sure to come over and visit our Facebook page and hit “like” if you’d want to receive daily real estate and social media updates: http://Facebook.com/GlobalFortuneSolutions
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On this particular coaching we held on, April, 5 2012 we discussed how to invest in 2nd mortgage positioned notes.  This is kind of a topic most people don’t discuss, but of course we did.  Nothing was held back from our special speaker, Michael Ruscica.  I was able to interview Michael, and discuss with him on he’s closed over 400+ of these note transactions.  We also took answered a lot of questions at the end to make sure there was no stones left unturned. Give us your feedback below after watching this content coaching call, I’m curious to see what you think!

]]> http://jasonlucchesi.com/2nd-mortgage-notes/feed 1 Interview With A&E’s “Flip This House” Star David Montelongo – How To Flip Deeds For Quick Cash! http://jasonlucchesi.com/flip-this-house-montelongo http://jasonlucchesi.com/flip-this-house-montelongo#comments Wed, 14 Mar 2012 13:57:47 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=597

Make sure to come over and visit our Facebook page and hit “like” if you’d want to receive daily real estate and social media updates: http://Facebook.com/GlobalFortuneSolutions
Are you on Twitter too? Come hang out with us over on Twitter, follow us and we’ll follow you back! Check us out: http://Twitter.com/JasonLucchesi

]]> http://jasonlucchesi.com/flip-this-house-montelongo/feed 0 Sal Buscemi – “The Art Of The Trade” – How To Cross A Bulk REO Trade Inside 30 Days http://jasonlucchesi.com/sal-buscemi-the-art-of-the-trade-how-to-cross-a-bulk-reo-trade-inside-30-days http://jasonlucchesi.com/sal-buscemi-the-art-of-the-trade-how-to-cross-a-bulk-reo-trade-inside-30-days#comments Mon, 12 Mar 2012 16:36:50 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=590

Make sure to come over and visit our Facebook page and hit “like” if you’d want to receive daily real estate and social media updates: http://Facebook.com/GlobalFortuneSolutions

Are you on Twitter too? Come hang out with us over on Twitter, follow us and we’ll follow you back! Check us out: http://Twitter.com/JasonLucchesi

]]> http://jasonlucchesi.com/sal-buscemi-the-art-of-the-trade-how-to-cross-a-bulk-reo-trade-inside-30-days/feed 0 Harvard 2012 Real Estate Forecast & 6 Ways to Profit Now with Dave Stech and Jason Lucchesi Part 2 (2 of 2) http://jasonlucchesi.com/harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-2-2-of-2 http://jasonlucchesi.com/harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-2-2-of-2#comments Mon, 05 Mar 2012 15:33:44 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=584

Make sure to come over and visit our Facebook page and hit “like” if you’d want to receive daily real estate and social media updates: http://Facebook.com/GlobalFortuneSolutions

Are you on Twitter too? Come hang out with us over on Twitter, follow us and we’ll follow you back! Check us out: http://Twitter.com/JasonLucchesi

 

Have you had a chance to watch all of the “Harvard 2012 Real Estate Forecast & 6 Ways to Profit Now with Dave Stech and Jason Lucchesi”…If for some reason you haven’t don’t worry I’ve posted them all on this blog!

Untitled from Jason Lucchesi on Vimeo.

]]> http://jasonlucchesi.com/harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-2-2-of-2/feed 0 Harvard 2012 Real Estate Forecast & 6 Ways to Profit Now with Dave Stech and Jason Lucchesi Part 1 of 2 http://jasonlucchesi.com/make-sure-to-check-back-in-a-couple-of-days-for-harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-1-of-2 http://jasonlucchesi.com/make-sure-to-check-back-in-a-couple-of-days-for-harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-1-of-2#comments Tue, 28 Feb 2012 20:05:22 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=578

Make sure to come over and visit our Facebook page and hit “like” if you’d want to receive daily real estate and social media updates: http://Facebook.com/GlobalFortuneSolutions

Are you on Twitter too? Come hang out with us over on Twitter, follow us and we’ll follow you back! Check us out: http://Twitter.com/JasonLucchesi

 

Make sure to check back in a couple of days for Harvard 2012 Real Estate Forecast & 6 Ways to Profit Now with Dave Stech and Jason Lucchesi Part 1 of 2…YOU do not want to miss any of these videos!

]]> http://jasonlucchesi.com/make-sure-to-check-back-in-a-couple-of-days-for-harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-1-of-2/feed 0 Harvard 2012 Real Estate Forecast & 6 Ways to Profit Now with Dave Stech and Jason Lucchesi Part 2 (1 of 2) http://jasonlucchesi.com/harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-2-1-of-2 http://jasonlucchesi.com/harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-2-1-of-2#comments Mon, 27 Feb 2012 19:35:41 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=569

Make sure to come over and visit our Facebook page and hit “like” if you’d want to receive daily real estate and social media updates: http://Facebook.com/GlobalFortuneSolutions

Are you on Twitter too?  Come hang out with us over on Twitter, follow us and we’ll follow you back! Check us out: http://Twitter.com/JasonLucchesi

 

Make sure to check back in a couple of days for Harvard 2012 Real Estate Forecast & 6 Ways to Profit Now with Dave Stech and Jason Lucchesi Part 2 (2 of 2)…YOU do not want to miss any of these videos!

Untitled from Jason Lucchesi on Vimeo.

]]> http://jasonlucchesi.com/harvard-2012-real-estate-forecast-6-ways-to-profit-now-with-dave-stech-and-jason-lucchesi-part-2-1-of-2/feed 0 Short Sales: FHA Seasoning Requirement Ending? http://jasonlucchesi.com/short-sales-fha-seasoning-requirement-ending http://jasonlucchesi.com/short-sales-fha-seasoning-requirement-ending#comments Tue, 20 Dec 2011 22:02:39 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=554

A lot of people are making a big deal of this whole FHA regulation 24 CFR 203.37a (b)(2) FHA Anti-Flipping rule and how it’s going to expire December 31st 2011.  Who really cares?  Most investors don’t realize the one common denominator here, and that is first of all trying to find a bank or mortgage broker that will even lend to an end buyer on a short sale purchase from an investor that hasn’t had seasoning for at least 90 days or more.

Same day quick closings or same day transactions will barely exist moving into 2012.  Trying to find a title company and a lender for your buyer is pretty near close to impossible.  I’m not trying to be all johnny rain cloud to short sale investors, but since the foreclosure law is so new, and most states are coming down hard on investors for doing same day transactions it’s becoming more of stretch to make this happen properly without somebody saying you didn’t disclose this or that not.

Most states are trying to impose that majority of short sale investors are “flopping” these transactions.  For instance, the state of Indiana states the following on flopping: “Flopping involves intentionally misrepresenting the value of a property in order to “flip it” illegally by avoiding or failing to make required disclosures and/or knowingly submitting falsified or fraudulent documents and/or affidavits.”

Moving forward into 2012 with short sales in general, I wouldn’t try to “avoid” anything that is within the grey area, and in order to do so you’ll need to find a money partner, private lender, hard money lender or a long-term transactional funder that will allow you to hold the actual deed allowing you to become “owner of record” for the 90 day period (my personal recommendation would allow prepossession to your buyer and collect rent while your the true “owner of record” in order to soften the blow a transactional lender will charge for the hold period).  There isn’t a way around this.  I wouldn’t advise using any kind of a “trust” as that’s unfortunately within the grey area, and additionally with trusts most banks cannot sell and package loans that have recently been put into a trust on the secondary market leaving them (the bank) holding the paper which they do NOT want to do and will not do.

Be creative in a good way if short sales are your niche and your passion.  Don’t get discouraged!  Since government has stepped in to try and help out homeowners with a solution facing foreclosure, we as a nation have seen a total of EIGHT total programs fail and leave homeowners without a positive outlook on their future.  With this being the case, there will be a huge opportunity to purchase short sales as an investor (a projected 12 million homes will be in default early 2012), and all (including the homeowner being able to walk away) involved will be winners of the transaction.  I honestly believe the consumer (i.e. the homeowner) in this situation needs to be looked after and not the bank.  The consumers are not receiving government bailouts, the big ole bank(s) are receiving those while they continue to have piles of foreclosure rise and shadow inventory that nobody seems to mention in the media rise to all time highs within our US history!

In ending… I leave with this… ALWAYS DISCLOSE, DISCLOSE, DISCLOSE!

]]> http://jasonlucchesi.com/short-sales-fha-seasoning-requirement-ending/feed 11 Foreclosure Law – What Is The Foreclosure Timeline In Indiana? http://jasonlucchesi.com/foreclosure-law-what-is-the-foreclosure-in-indiana http://jasonlucchesi.com/foreclosure-law-what-is-the-foreclosure-in-indiana#comments Wed, 31 Aug 2011 19:27:06 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=545

Indiana Foreclosure Procedure

The Process

In Indiana , a lender can file a lawsuit to foreclose on real estate. The date the mortgage was signed determines the length of time it takes between the filing of the lawsuit and the foreclosure sale. Here are the applicable waiting periods:

Before January 1, 1958 : 12 months
Between January 1, 1958 – July 1,1975 6 months
After July 1, 1975 3 months
Procedure

If the owner files a waiver of the time limit with the court clerk, which has been signed by the lender (or judgment holder), then the foreclosure sale process may begin without the need to delay 3 to 12 months. If such a waiver is used however, the lender loses the right to sue the borrower for a deficiency.

The foreclosure sale process involves publishing an ad once a week for three weeks. The first ad must be run 30 days before the sale. At the time the first ad is run, each owner must be served with notice of the foreclosure sale by the sheriff. The sheriff conveys title by a deed given immediately after the sale. The owner may reside in the property, rent free, until the foreclosure sale, provided the owner is no) committing waste, which means tearing up the property.

Redemption

There is no right to redemption after the foreclosure sale. The waiting precedes the sale. If the property is not a principal residence, a receiver can be appointed to take charge of it.

For more information on how you can avoid foreclosure, visit our website at www.IndyForeclosureSolutions.com and we’ll make sure to get all of your questions answered promptly.

]]> http://jasonlucchesi.com/foreclosure-law-what-is-the-foreclosure-in-indiana/feed 0 [NEW POST] “Freedom$oft 3 Has Officially LANDED!” http://jasonlucchesi.com/new-post-freedomoft-3-has-officially-landed http://jasonlucchesi.com/new-post-freedomoft-3-has-officially-landed#comments Wed, 13 Jul 2011 15:50:00 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=529

I say “landed” because this thing is from freaking
outer space.

It’s like aliens coming down and flipping whole sub-
divisions of houses for you while simultaneously
baking you yummy red velvet cupcakes, massaging
your feet, and taking song requests (aliens are
amazing singers).

You thought Freedom$oft Reloaded was good???

*pft*   lol!   omgoodness

You ain’t seen nothing yet.

Check this out …

www.Freedom$oft3.com <— Only for official Rock $tars to click on!

All new features …

All new speed …

All new price …

Let the fun begin.

Thanks,

Jason Lucchesi

Seriously. Click Here and Begin Some Fun. You’re Bored & You Know It =>
CLICK HERE

p.s.  I’m taking it for granted you know what Freedom$oft,
a.k.a. “The Miracle Money Machine” is.  But in case you were
just born or recently immigrated from a thinly populated
jungle region … it’s the sickest house-flipping software your
eyes have ever seen.  Nothing in this known universe or galaxy
or black holes or other dimensions come anywhere close  to
comparing with this absolute WONDER of modern technology.

See for yourself …

CLICK HERE TO SEE IT FOR YOURSELF!

p.p.s.  this will be pulled off the market in the middle of an
unannounced random week day night.  PLEASE do not call
me crying that next day.  I hate to see grown humans cry.

]]> http://jasonlucchesi.com/new-post-freedomoft-3-has-officially-landed/feed 0 Avoid Foreclosure – Choosing The Right Person To Work With Is Crucial! http://jasonlucchesi.com/avoid-foreclosure-choosing-the-right-person-to-work-with-is-crucial http://jasonlucchesi.com/avoid-foreclosure-choosing-the-right-person-to-work-with-is-crucial#comments Wed, 13 Jul 2011 12:30:37 +0000 Jason Lucchesi http://jasonlucchesi.com/?p=526

Hey there,

I just got an e-mail from Bank of America, and at first I was about to delete it but the subject said, “Now You Can Substitute a New Buyer for One Who Walked Without Restart.”  I immediately opened it to see what it was about, and to my viewing pleasure it actually had some great content. The recent e-mails from Bank of America weren’t beneficial but this quite me by surprise.  Most of the banks do this already method already, but most agents have no clue what their doing with a short sale that one of the major lenders had to publish an actual newsletter for the ones that don’t get it.

Why you should weigh out your options when choosing the right person to work with to get your house sold and approved properly through a short sale? My answer, simple.  Don’t ever, ever submit multiple offers.  Why?  This confuses the bank negotiator that is handling your file.  Think about it for a second, the negotiator assigned to your file is more than likely working on 300-500+ files depending on the bank.  Do you think having more and more offers submitted is going to help your approval process?  No, it’s not.  That is why Bank of America also submitted an article on why you shouldn’t submit multiple short sale offers too.  CLICK HERE TO DOWNLOAD THE ARTICLE!

It’s not that I think most agents are evil and are out to destroy the possibility of receiving short sale approvals, they’re NOT.  Most just have no clue on how to actually submit a proper short sale.  This post isn’t meant to bash real estate agents, because to be honest there are a lot of solid and great real estate agents out there, and the ones that do short sales the correct and easy way are helping the problem with a solution, not creating more havoc.  Having a bunch of fancy titles after your e-mail signature and business card does mean you have the credentials to be handling a short sale.  Most of these companies that supply these fancy titles are a complete joke.  Any “Joe Schmoe” can get a certificate and say I’m ready to do short sales.  And yes, it is that easy.  But any “Joe Schmoe” can’t pull off the hours of negotiating with the bank to receive the proper short sale approval settlement.

Know the facts!  If you would like to receive complimentary access to a 8 minute FAQ video my team and I put together, feel free to visit my website at www.IndyForeclosureSolutions.com. <— Just “click” the link

After your done viewing the video, make sure to give us a call at 317-363-7685 (ask for Jason) to schedule a time for us to talk about doing a possible short sale on your property.

]]> http://jasonlucchesi.com/avoid-foreclosure-choosing-the-right-person-to-work-with-is-crucial/feed 0