Real Estate Short Sale Investing

Before I begin, you should know my name is Ross Treakle and I interview real estate investors as part of my job.  In each interview I try and pick and pry at each investor to get the highest quality information so that my subscribers can hear up to date, high content interviews.

Below I have taken an exert from the very first interview I ever conducted.  I conducted this interview with my brother, Graham “Mr. Banker” Treakle.  Graham is a short sale investor with special insider knowledge as he has worked in some of the nation’s largest banking institutions. Housing Markets!

 
I always start off every interview asking the speaker to speak briefly about there particular area of expertise.  Below is Graham’s answer to what a short sale is and why banks accept short sales.

“We’ll go over the numbers, Ross. A short sale is pretty simple. If you have a property that’s worth $150,000 and let’s say it has a first mortgage for $100,000 and a second mortgage for $40,000-what that means is the total debt on that property, or the total mortgages, is $140,000. Being a real estate investor, I wouldn’t want to buy a $150,000 house for $140,000. It doesn’t make sense. USDA Florida!

A short sale is when you get the bank to not take $140,000, you get them to take less, like $110,000. The banks are going to do this for several reasons. First, they’re going to have a lot of expenses that are associated with a foreclosure. They’re going to have realtor’s costs, foreclosure costs, holding costs, repair costs-they’re going to have all sorts of fees associated with a foreclosure.

Inevitably, the bank is only going to recoup somewhere around 70% of the value of the property. That’s why banks will take short sales on foreclosures. The natural follow-up to that is, “Why are foreclosures such a hot commodity right now, and why is there a lot of buzz about them?” There are several reasons to that too, and it’s really scaring the banks right now.

The first one is: when I was at the bank and someone had equity in their home and I found out they had equity, I would call them up and say, “Hey, Mr. Smith, I see you have $30,000 in equity in your home. How would you like to get a home equity line of credit?” Or, “How would you like to pay off that car with a home equity loan?”
So banks are constantly calling these homeowners to use equity in their home because there are some potential tax savings in structuring your finances that way. That’s one of the things.  Housing Markets!

Secondly, inflation is outpacing wage growth. That means what it takes for you to buy milk and eggs today is going to increase faster than how much your earnings are going to increase on average. For instance, if you have someone who’s making $100,000 a year, let’s say inflation is 3% and your raise every year is 1.5%. So inflation is growing at twice the rate your salary is. That’s another component. That means folks are earning less and less, relative to the goods they’re going to have to buy.
The next thing is that a lot of folks may recall this brief refinance boom we’ve been going through, which is pretty important. People went out and got a lot of mortgages called “Adjustable Rate Mortgages,” which have an extraordinarily low interest rate to start, let’s say 3% in some cases. But in a couple of years, maybe two to five, depending on the term of the Adjustable Rate Mortgage, their rate is going to go up, it’s going to adjust upward.

So people went out and bought more house than they could normally afford, or they refinanced, got the low payments, and bought a car that they couldn’t afford if their payment had to adjust upward. What’s going to happen here in the next two to five years is that all of these ARMs are going to be adjusting upward, and that’s pretty critical because people aren’t going to be able to afford them.

They aren’t going to be able to afford them because they didn’t count on it, and also because inflation is outpacing wage growth. All of this sounds great, but you may say, “How is that going to affect my business?” 

Here’s the way it affects your foreclosure real estate business. If you’re in a judicial foreclosure State, where properties that are in foreclosure go through a judicial process before a foreclosure is complete; or a non-judicial foreclosure State, where the properties go through a trustee as they’re going through a foreclosure-you’re going to see less and less equity in these properties. 

So if you know, like I said earlier, that banks are going to take short sales because of the numbers-meaning they have to pay all of these expenses-and the foreclosed properties aren’t going to have a lot of equity in them, you have to be able to negotiate short sales effectively if you’re going to be working in the foreclosure market. 
The foreclosure market represents the most motivated sellers. Traditionally, with motivated sellers, you’ll find really good deals. That’s why banks are going to take foreclosures on the conditions that are spurring on all these foreclosures. It’s an amazing phenomenon that we’re working on right now.

Folks might also ask about a common [inaudible]. Well, what if we’re in a real estate bubble? If we’re in a real estate bubble, that means values are going to go down, which means folks are going to owe more than what their property is worth. Again, negotiating short sales is going to be critical to your success in the foreclosure business. If we’re not in a bubble, that’s fine too.

We already [backed out] the numbers; still negotiating short sales is going to be critical to your real estate business because people are borrowing up to, and sometimes above 100% of the value of their property. Whatever way you slice it, as far as having a skill, negotiating short sales is probably, in my opinion, one of the most lucrative skills that someone can have as a real estate investor.”

I hope the above information gives you some insight into the world of real estate investing and short sales.  Graham has worked very hard at becoming an expert on this topic and is a resource you should inevitably add to your business. 

Our Security & Alarm specialist provides some advice on Organization Security: Keeping your properties safe is one of the major worries of all business managers. Breaking and entering is one of the most typical criminal offenses to impact an organization and the effect can be far reaching. Get in touch with -

Here`s precisely how you can update your Company Security to keep things safe and secure this year.

Examine your locks

This may seem like an obvious point, but you `d be shocked just how many people disregard even the most basic of security measures. Locks are one of the easiest safety measures, they should never be forgotten. Make sure that all locks on your facilities work thoroughly.

Check your lighting

Ingenious use of lighting is another great way to deter prospective burglars. Consider investing in security lights to accompany you new alarm system or set your lights on random timers to give the impression that staff are working late.

Carry out regular checks

Even the best hardware in the world is no use if it doesn`t operate effectively. Technology is not foolproof, so it`s essential that you check your security units on a regular basis to make sure everything is in working order. Talk to us about this -

Alarm systems

Alarms can act as a powerful discouraging factor to prospective thieves as they don`t want to be caught out activating an alarm system. For this reason, investing in an up-to-date alarm system is one of the vital measures to boosting your safety and security.

Improve your CCTV

CCTV has come a long way from where it first began. No longer are pictures grainy and unclear, cameras will give you a crystal-clear view of your company properties, making sure that any burglars are easily identifiable. If you haven`t done so in a while, updating your CCTV systems are one of the key things to do to ensure your businesses` safety.

Utilize access control

Access control devices give you complete control over who can and can`t enter your establishment. While keys can be duplicated, and locks can break, access control is much more contemporary method to make sure your company property is completely secure.

Get guidance from the experts

If you`re uncertain about the best security options for your business, why not get in touch with an expert? At - we know a thing or two about alarm systems and CCTV, and we`re always happy to advise on Organization Security so you can take the best course of action.

How to Choose the Right Lawyer to Beat a DUI Charge

Do you want to beat a DUI charge and don`t know how to start by selecting the right lawyer? Then you have come to the right place! Over the years, law enforcement has become increasingly strict with DUI offenses, ranging from hefty fines to lengthy and complicated court proceedings. Understanding the nature of DUI law and selecting an experienced lawyer is crucial to ensure that you don’t get saddled with even bigger penalties. In this guide, we’ll discuss everything from the criteria to consider when choosing the right defense attorney, the kinds of questions to ask, and the factors that affect the success of a DUI case. Way better than drinking and driving, wouldn’t you agree? So let’s get into it and learn how to choose the right lawyer to beat a DUI charge.

Quick Definition

When selecting a lawyer for your DUI case, look for someone with experience handling similar cases and is familiar with the rules and regulations in your area. Additionally, be sure to inquire about their fees upfront so you can make an informed decision.

Understanding Drunk Driving Charges

When faced with a DUI charge, it is important to understand the severity of the charge and its implications. Though each state differs in their specific laws and punishments, in many jurisdictions, a DUI can result in conviction of hefty fines or even jail time.It is essential that any person charged with a DUI consult an experienced attorney immediately – one who knows how to mount an effective attack against the prosecutor’s case.

The language around drunk driving charges can be confusing for people unfamiliar with legal terms or court procedures. Typically, a defendant will be accused of “driving under the influence” (DUI) or “driving while impaired” (DWI). DUIs generally refer to impairment caused by alcohol, while DWIs may include drugs as well as alcohol.It is important to keep in mind that although some states draw distinctions between these categories, they are typically treated interchangeably. In either case, having an experienced lawyer on your side can ensure the best possible outcome for your case.

Furthermore, at some point during the proceedings, you may find yourself subject to a breathalyzer test. The results of such tests are often used to incriminate defendants in court and should only ever be taken under direction from legal counsel. Challenging the accuracy of such tests is often the only way for a defendant to avoid conviction or reduce penalties associated with a DUI charge.

At the end of the day, understanding drunk driving charges and their implications will help you choose the right lawyer to beat a DUI charge and obtain a favorable outcome—even if you`ve made an unfortunate mistake on the road in the past. To make sure your choice in lawyer is sound, it`s critical to consider their qualifications so you can be confident they will work hard on your behalf.

Qualifications of a Good Lawyer

Choosing the right lawyer to adequately represent a DUI charge is essential. When selecting a lawyer it is important to review their qualifications and track record. A good lawyer should have significant experience in defending DUI cases, including any applicable certifications or specializations. Some examples of these include memberships with DUILegalPractitioners, DUI Defense Lawyers Association, and National College for DUI Defense. Furthermore, having prior legal sentences overturned can be an indicator of success in defending a criminal charge. From the perspective of those who want to reduce their sentence, lawyers who have a history of achieving successful plea-bargains are encouraged. It is important to consider if your chosen attorney has specialized knowledge with respect to the technicalities and nuances of blood alcohol levels results as well as legislation which outlines associated penalties.

While these credentials and experiences are vital in evaluating if a lawyer is right for your case, it is also essential to weigh the potential benefits versus their fees. For example, many lawyers have limited areas of expertise such as defending misdemeanor offenses, but lack experience in felony cases; because such attorneys may cheapen the overall cost of representation, but may not lead to the best outcome for all parties involved due to inexperience or lack of skills. Therefore, it can be advantageous to research different attorneys and their backgrounds before making a final decision.

Ultimately, understanding drunk driving charges is only the first step in developing your defense strategy: researching and finding a qualified lawyer with appropriate credentials that fits both your needs and budget should be next on your agenda. By undertaking thorough background checks and assessing fee structures, you can significantly increase your chances of finding an attorney who will confidently advocate for you throughout the duration of the proceedings.

Background Checks and Fee Structures

Having checked the qualifications of a good lawyer, one should also consider conducting background checks and assessing fee structures before selecting the right lawyer to beat a DUI charge. Background checks are essential when searching for a qualified lawyer so that one can be sure they have an attorney that is reliable and trustworthy. It is possible to research an attorney’s record by checking credentials on legal websites, checking their standing with local law bars or through a formal background check service. Furthermore, inquiring about the specific experience they have related to the DUI charge can be beneficial.

Addressing the fees associated with each potential attorney is also important since it will most likely relate to the quality of representation one receives in court. It is important to research each lawyer`s fee structure and differences between flat rate versus hourly charged services as well as any other fees that may or may not be included (e.g., filing fees). Carefully reviewing fee contracts prior to engaging with an attorney is highly recommended before making any final decisions.

Now that you have evaluated background checks and assessed fee structures, it is time to move on in your quest for choosing the right lawyer for a DUI charge: knowledge and experience. As such, it is prudent to discuss key aspects regarding their knowledge and expertise to ensure one obtains qualified representation all around.

Knowledge and Experience

When choosing a lawyer to beat a DUI charge, it’s important to consider the knowledge and experience of the attorney. Hiring a lawyer who is well versed in DUI cases is essential for success. Consider an attorney`s background to make sure they have the specialized knowledge to handle your case. Such knowledge likely includes an understanding of the technical aspects of DUI law, such as evidentiary thresholds, constitutional issues, and blood-alcohol content or driving tests.

Additionally, an experienced attorney will know what you should expect from the prosecutor and have established methods for presenting facts in your favor. An experienced lawyer might be better equipped to challenge evidence that can be excluded due to lack of police protocol or deal with unique circumstances that may separate your case from all others. As such, make sure you find out which cases your potential gun charge lawyer has taken on previously and how successful they were in those cases. Evidence that a lawyer has won past cases could give you confidence in their abilities and help you better trust their decisions moving forward in dealing with your DUI case.

It`s also helpful to look at how long an attorney has been practicing and possible public recognition they`ve achieved due to their work in defending clients. Would-be defendants should weigh these experiences carefully when deciding whom to retain as representation, knowing that an attorney`s practice tenure can often be indicative of his or her expertise.

All said, it`s important to feel confident and comfortable with your DUI defense attorney; otherwise,the entire process may become more difficult than it needs to be as you navigate through trying times. When deciding upon the right criminal defense lawyer for yourself or for someone close to you charged with a DUI, remember the value of knowledge and experience curtailed specifically for beating a drunk driving charge – someone who can help put you in the best position possible (both within court proceedings and prior to charges being filed) for a successful outcome.

With this vetting process concluded, anyone looking for representation should then consider whether they are getting the best results through a DUI defense attorney`s help before taking the next steps on their journey toward legal freedom.

Finding the Best Results Through a DUI Defense Attorney`s Help

It is true that finding a lawyer with a great deal of knowledge and experience can be immensely beneficial when facing a DUI charge, but it is also important to consider the potential for success in the courtroom. An experienced attorney knows what steps can be taken to achieve the best results and will bring their full knowledge and expertise to bear on your case. Depending on the specifics of the charge, they can advise you on ways to reduce the severity of any sentence imposed or if possible, acquit you of all charges.

In some cases, a trial may not be necessary. In other instances, your defense may require meticulous attention at every step. Perhaps there were inconsistencies in police reports or violations of legal procedure leading up to your arrest that would allow evidence to be thrown out. A skilled DUI defense attorney will evaluate the details of your case closely and devise an effective strategy for success. It is also worth noting that even if a trial is necessary, depending on the details a plea agreement may be negotiated with prosecutors before an actual trial begins.

Regardless of whether one wants to avoid court or fight to win an acquittal, enlisting the assistance of an experienced DUI defense lawyer will often provide the best chances for achieving favorable results. This does not discount factors such as personal preference that may come into play when selecting an attorney, but for those wanting peak success it pays to select an attorney who has previous experience handling similar cases and coming away from them with positive outcomes. With this in mind, it is essential that individuals know their legal rights while proceeding through this process — something which will be discussed more thoroughly next.

Knowing Your Legal Rights

Having an understanding of one`s legal rights is just as important when it comes to fighting a DUI charge as having access to the best defense attorney. Knowing what to expect during the legal process, and being aware of potential pitfalls, can make all the difference in achieving favorable results. For instance, people may not be aware of their right to remain silent or that anything they say can be used against them in court. Furthermore, people have the right to refuse certain searches without specific probable cause. Having a solid understanding of such legal rights could translate into reduced charges or even having the case dismissed outright.

It is easy to feel overwhelmed by the legal system without having a clear vision of one`s rights in this situation. In most cases trying to fight a DUI charge on your own is not recommended, but there are some rare instances when self-representation is acceptable. To weigh out the pros and cons of this option requires research and an intimate knowledge of criminal law proceedings among other things.

Making an informed decision on how to proceed begins with knowing one’s full range of legal rights before involving a defense attorney in any capacity. This can provide you with more confidence in your decisions and greater peace of mind when it comes time for your case to go before the court. Taking measures to ensure all possible legal issues are addressed upfront will ultimately assist attorneys in providing you with the best representation and results possible moving forward.

In order to uncover all available options for success, consulting with an experienced DUI defense attorney should be considered next. Having an expert opinion on your side tailored specifically to your case can provide insight into invaluable strategies that only an attorney would know about. Such resources can be integral in putting together the strongest case possible as we move into the next section – discussing the benefits of working with a lawyer to try & beat a DUI charge going forward.

• According to statistics from the Bureau of Justice, the success rate of individuals who represent themselves in DUI cases is between 8-10%.
• A study published in 2020 found that individuals with legal representation have an overall better chance of avoiding convictions compared to self-represented defendants.
• Research has shown that hiring a 
  
  

  drunk driving defense attorney

  experienced in defending DUI/DWI charges increases your chances of having your charge reduced or dismissed by up to 70%.

Essential Highlights

When facing a DUI charge, it is important to know your legal rights. This includes the right to remain silent and the right to refuse certain searches. It is recommended to have an experienced defense attorney help with the case for the best possible results. Knowing your rights and consulting with an attorney can give the most confidence before going to court.

Benefits of Working With an Attorney

When you are facing a DUI charge, one of the most important decisions you can make is to hire an attorney. Working with an attorney provides valuable benefits that may help you in the quest to beat your charge. When it comes to understanding your legal rights, having a knowledgeable advocate on your side can make all the difference in achieving a better outcome.

Perhaps one of the primary benefits of working with an attorney is that they understand the nuances of the law and have experience dealing with prosecutors in regards to DUI cases. This knowledge can be used to negotiate a plea deal or other options which can result in lesser charges or reduced sentences. An experienced attorney can also review if procedural errors were made in handling your case and look for any evidence which may demonstrate reasonable doubt as to your guilt.

Another advantage of having an attorney represent you is that they provide representation throughout the entire process, from arraignment to closing arguments. Having legal representation present at each stage will ensure that you are receiving consideration for a variety of legal issues such as discovery requests, motion hearings, and sentencing. Furthermore, in some states, first-time DUI offenders are eligible for diversion programs which allow defendants who successfully complete their requirements to avoid jail time instead being put on probation or receive fines and/or community service in lieu of jail time. An experienced attorney will know what options are available depending on your state’s laws so that they may guide you towards getting a favorable resolution to your case.

The presence of an attorney also brings another element into play- power dynamics between defense attorneys and prosecutors. Studies have shown that prosecutors behave differently when facing off against defenders who have practice skills and significant legal experience. In other words, prosecutors understand that their opponents know how to navigate within the court system leading them to be more likely offer better plea deals or dismiss charges when facing skilful defense lawyers rather than those representing themselves pro se (on their own).

While taking the option of self-representation appears attractive due to cost savings at first glance, ultimately being well-represented by an attorney could prove invaluable when it comes to getting the best possible result for your case.

Frequently Asked Questions and Responses

What qualifications should I look for when selecting a DUI lawyer?

When selecting a DUI lawyer, it is important to look for a lawyer who has experience and expertise in handling DUI cases. It is essential to review the lawyer’s educational qualifications and training in DUI law and criminal defense. Find out whether the lawyer follows up-to-date developments in state and federal laws. Ask about their success rate for similar cases as yours. Inquire about any courtroom experience or trial strategies they favor.

Also, it is important to assess the lawyer`s availability and communication style. Select a lawyer who is willing to take your case seriously, is honest with you, keeps you informed of all progress, returns your calls promptly, and offers practical advice on how to proceed with your legal dispute. Above all, choose someone who has your best interests at heart. Allow them time to understand your situation thoroughly so they may provide you with appropriate court strategy that helps defeat your DUI charge.

How do I know if a lawyer has a successful track record with DUI cases?

The best way to check if a lawyer has a successful track record with DUI cases is to ask them for references and proof of past winning cases. You should also look into the lawyer’s experience handling DUI cases, which you can usually find on their website or by asking them directly. Look into resources such as the local bar association and find out if the lawyer has any awards or certifications for specializing in criminal defense. You may even want to ask friends and family members who have hired lawyers in the past if they would recommend a particular lawyer. They may be able to provide valuable feedback on the outcome of the case, not just the process itself. Last but not least, read reviews online from other clients that have used the same lawyer in the past; these can give you a good indication of how successful they have been handling DUI cases.

What are common mistakes people make when choosing a lawyer to beat a DUI?

Choosing the wrong lawyer to beat a DUI charge is one of the most costly mistakes that people make. When selecting a lawyer, be sure to do your research. Check their credentials and experience with similar cases. Make sure they have the necessary expertise in the field of DUI law, as well as a proven track record of success. Additionally, ask them questions about how they plan to approach your case. Information such as their filing strategy, past court results and any special techniques they use to get results may give you an indication about their aptitude for winning DUI cases.

Another mistake many people make is not considering cost when selecting a lawyer. Many lawyers charge exorbitant rates and hidden fees which can add up quickly. Be careful to review all associated costs with each lawyer you consider to ensure you don`t get taken advantage of financially.

Finally, avoid making decisions based strictly on emotion or reputation. Choosing the right lawyer to beat a DUI should be based solely on their competence and capabilities to achieve favorable results in court.