Shiela is back! I have been absent from the DG website and I feel that I have been quite out of touch.
I have been away on a big project. I have been working closely with my team as the foreclosure and short sale market demand has been quite high. I have also been studying for my commercial broker license/designation. I am dividing my team into two: residential and commercial. Its going to be quite a transition, but I can see attaining a successful transition within 5 years.
As far as investments, I am still active. I did experience quite a challenge now that REO & Short Sale Lenders demand and disclose the "no assignment" disclosure. In such case, I did find that asking for upfront fee from the assignee has been successful. Given that REO/Short Sale lenders will call the contract void if they find assignments involve, I found that by creating an addendum to add a "second buyer" is a loop hole. This way, the seller (which in this market is usually the REO/short sale lender) will generate a revised approval and/or contract approving the secondary buyer to the contract. Since the new buyers' name is on the contract, he/she can have his/her loan documents (if financing) finance the purchase without having to do a double closing.
"If you think what you've always thought, you'll do what you've always done. And if you do what you've always done, you'll get what you've always got" [Napoleon Hill]