February 4th, 2015
Watch the training replay for February 4th, 2015.
Training Webinar Replay: Case Study and Q&A
Click the “Play” button below to play this week’s training video:
This week we walk through a case study from one of our borrowers in Bothell, WA. We’re going to be going through some key things on this particular loan and some lessons learned that we think you’ll find very valuable as you workout your own portfolio.
On this training we also do a member Q&A and walk through some of the questions and deals sent in from members.
Please note that the first 30 minutes there were no slides being shown, just audio. The slides and the Bothell, WA case study begin 30 minutes and 43 seconds into the training.
Call Notes:
Announcements:
REMINDER: Our weekly training day each week moving forward will continue to be on Wednesdays… “Workout Wednesdays!”.
NIS Live 2015 – February 26-28th in San Diego
VIP Registration is SOLD OUT!
Co-Invest Members get to attend as VIPs – but if you have not registered yet and want to attend – you need to e-mail me or Aaron immediately to be sure we can fit you in for the VIP Dinner.
If you haven’t yet registered, you can do so TODAY at the special preferred pricing for “Co-Invest Group Members Only” sign-up link here:
Register now at the special Co-Invest Member price
NIS Live 2015 Bonus Day – February 25th
If you’d like to attend the Bonus Day on February 25th, you can register at the reduced rate for Co-Invest Members.
Click here to register for the added Bonus Day.
NIS Hotel
The room block expires Feb. 10th along with the discounted rate, so reserve your room today. I’m super excited about our venue for this year’s Summit…you’ll want to stay at the Hilton Mission Bay where all the action is.
Click here to Book your Hotel Room
Next Workshop for Non-Performing Loans
Where: Hilton Garden Inn in San Diego
Dates: March 25th – Workouts Wednesday
March 26-27th – Workshop with special guests
Look for a link to register for the March workshop coming soon, but book the dates now in your calendar.
Training:
Minute 3:57 – Question from Ken and Rosette regarding a note. Borrowers not responding to phone calls or door knocks. Just got a notice from the first lien that they are ahead of them and are foreclosing. Should they should cut their losses?
– Saprina goes into detail on Ken and Rosette’s note.
Minute 15:02 – Question from Socheata and Marion. Goes into the details of the note.
Not enough equity to take over the property. Should they cut their losses or continue?
Minute 22:52 – Travis
– Go to REOBroker.com and look in your area to see if they can help you out
Minute 24:30 – Saprina talks about doing a short sale.
– See if the 1st is willing to do a short sale
– See if someone can buy the property dirt cheap
Minute 29:15 – If you want help with door knocks and other services, A2Z provides those as a service which you can find in the members area. We also can help with skip tracing.
Minute 30:43 – Travis begins the case study of Bothell, WA
Minute 46:48 – How does mediation get initiated during the foreclosure process