Mike Jaeger Live blog

Tuesday, August 31, 2010

Short Sale? Who owns your loan?

There are hidden things that explain why the banks are slow to do deals with homeowners. The terms agreed to between investors, as loans are bought and sold can reveal much. The precedent set by George Sorros in his Indy Mac deal, have caused much damage to the housing market. That model for investors to buy guaranteed profits from the FDIC, on the back of American Tax Payers, was more than corrupt. The core of that corrupt deal, guaranteed George and his new bank a large profit if they foreclosed on the collateralized homes when they bought the loans from the FDIC. ANOTHER CORRUPT PART ABOUT THIS DEAL IS, GEOGE SORROS WAS THE LARGEST STOCK HOLDER OF THE FAILED INDY MAC... when it was being liquidated by the FDIC... AND GEORGE SORROS WAS THE LARGEST STOCK HOLDER OF A NEW BANK THAT HE CREATED WHOM THEN BOUGHT THE INDY MAC LOANS FROM THE FDIC, WITH LARGE GUARANTEED PROFITS BY FORECLOSURE.

If the loans are foreclosed on, they are guaranteed large profits, but if they are modified, then no guarantee.

This precedent has also been used in the sale of other loans by the FDIC when they take over failed banks. The FDIC is / has been closing many banks weekly for three years now... Check on who owns your loan? Bank of America makes money as a manager of many loans that were sold to investors by the FDIC, with a guaranteed foreclosure profit...
Mike Jaeger Live blog

Wednesday, August 18, 2010

California Real Estate Held Hostage

Consider this. Fair Oaks California, July 2010. Ocwen a loan service company are managing a Freddie Mac insured loan secured by a house in Fair Oaks. A buyer submits a short sale offer of $389,000 that will net $350,000 to the owner of the Freddie Mac Loan. Ocwen shuffles the papers on the short sale resutling in an investor buying the loan at a discounted price of $241,000 and the short sale is denied. This results in a $109,000 larger loss to the loan owner, whom had sold the loan for 241,000 - rather than letting Ocwen close the short sale. Freddie Mac insured some of these loses... the seller who lost the home has a larger deficiency than the short sale would have provided... Ocwen and the investor who bought the loan are the only winners in this deal. hmmm...

Now consider how this is only one of many of these dirty little deals at our banks.

If you go raise the cash and deal through the back door at trustee sales and with bank asset managers... you can profit while these deals are holding real estate hostage, in 2010. Cash investors can buy a short sale, or a trustee sale, or an REO sale for a 25% - 30% discount compared to home buyers who need to get a loan.

This gap in 2010 allows investors to have positive cash with high leverage or they can flip for quick profits.

Do you want to know more?

(916) 201-5726 call me.

Mike Jaeger Live blog

Friday, July 30, 2010

Buying Real Estate ? - July 30, 2010 -

A purchase price today, has more latitude and longitude than the industry will admit. Buyers need to do diligent investigations well. Good news with afford-ability. Low interest rates and a good selection of properties create easy entry for new landlords and home buyers. Existing property owners can increase holdings with positive cash flow. Move up or move down buyers benefit from low property tax adjustments, tied to low purchase prices. California real estate with a good location and a good cash flow are my recommendation.

Mike Jaeger Live blog

Saturday, June 26, 2010

YouTube Channel for Mike Jaeger Live

Wednesday, June 16, 2010

The Free Web Press - A Naked View on Modern News - America 2010

Alternatives to conventional spins by main street medias are explored by free web press artists. YouTube producers, The Gregory Brothers, are featured on the Home page of the Google Site. Their video series, Auto Tune the News, captures the spirit of the Free Web Press.com. At the bottom of the page are two videos each with a different revolutionary vision for America, set side by side. When played at the same time, they create a powerful audio visual effect that demonstrates modern heart felt divisions in America.

Yahoo has an edge in search engine results, when looking for Free Web Press content. Bing, and Google search engines show traditional results and miss many new medias. When looking on the Google or Bing search engines, type in the URL www.FreeWebPress.com and then go to the landing page, an entrance gate for the website. You enter the website here by clicking on a gate, the ENTER HERE portal is easy to find in the middle of the page The gate takes you to a home page for the website. After viewing the content here, there are many other pages, listed with links in the left column, each has a modern theme with creative web art.- Mike Jaeger Live -

Saturday, May 22, 2010

Short Sales on California Investment Property

Yes. Commercial Investment Properties in California are being unwound, in and out of court. Remember, fast Chapter 11 proceedings have helped many companies. The more the deals with creditors can be structured to identity disagreements, the quicker a court can process the chapter 11 and this is a key factor. When the business owner can focus on his business, everyone can benefit. Lawyers know this. Brokers know this. Judges know it too. Creditors... hmm. Creditors tend to hire bean counting, form filling, money draining middlemen. The deals can be delayed by this. If the deal can be structured on a good premise with a general outline, and it can keep moving forward while the diligence and processing is taking place, then it will work. If the creditors kill the clock and stall the negotiation while they count their beans and check the initials on page 100989 paragraph B, then they lose their buyers whom find a better deal. In a falling market the methods of the creditors work against all common sense and tend to take markets lower. I can help best as part of a good team. The lawyer and accountant I work with need to be savvy about working in a California falling commercial real estate market. The other fact is this, many who set out to sell, will settle on new loan terms instead. Many who set out to change loan terms, will short sell, and some will deed back in lieu of foreclosure. The last remedy, is to not agree and to continue the disagreement after the foreclosure. Investment real estate is not your home. So big or small, if it is not your home... the rules say you negotiate under separate circumstances from the rules for your residence. If you are not in court proceedings, get a lawyer, a California Investment Realtor and accountant, and make your plan now... before court. You may never go to court if your plan works. - Mike Jaeger Live -

Published at - Mike Jaeger Live blog -

Friday, May 14, 2010

May 14, 2010 - Sacramento California - 4,026 Foreclosure Sales in only 60 days.

- WOW - 4,026 ARE A LOT OF PROPERTIES FACING FORECLOSURE AUCTIONS - ALL WITHIN 60 DAYS - JUST IN SACRAMENTO COUNTY... This is a big number in any county, or even for a state, or even for our nation. What does this tell us ?
The number of foreclosure trustee sales, set to be sold at auction between May 7, 2010 through July 7, 2010 are an astounding 4,026 as I write this blog. These are; sold to the highest bidder, postponed, canceled, or sold to the beneficiary. If sold to a lender, they are mostly managed by loan service companies or banks. Real estate owned inventories are properties, which are then sold at REO sales by brokers, with some exceptions. Why is 4,026 such a large number of properties to reach the final stage of foreclosure within a 60 day period. There is a 90 period of time allowed for mitigations, reinstatements, work outs or other remedies after a lender begins the first stage of foreclosure, which is filing a notice of default in California. After this a lender can begin the trustee sale process to perfect the foreclosure, in the State of California. These 4,026 distressed properties are now in a final stage of foreclosure... watching this number is a good way to keep a finger on the pulse of the local real estate market I will post more about this over the weekend, at SacramentoShortSaleBlogspot which you may want to visit. http://www.SacramentoShortSale.blogspot.com - Zowie -

4,026 auctions in only 60 days.
Sourced at LPG on 5-14-10.
Mike Jaeger Live - May 14, 2010

Wednesday, February 10, 2010

California Realtor - Upside in a Down Market - 2010 -

Investment Realtor - Sacramento Area - California -

Is your equity gone? I communicate with your bank, accountant, and lawyer. This is good for you and remember... when you call me my clock does not bill you - I get paid for results. So relax... sip some coffee, I can help you do what ever needs to be done. Let's Talk Soon. (916) 222-9095 mikejaeger@live.com SY Mike Jaeger, Realtor