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Sweet Spot Defined:

Sweet Spot Defined:. The parts of town where houses that we buy sell quickly. If we get a good discount can we resell it quickly? Do buyers want to live there? Are people buying there? Desirable area? Vacant house? Already have a potential buyer? Large 2 nd and 3 rd mortgages?

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Sweet Spot Defined:

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  1. Sweet Spot Defined: • The parts of town where houses that we buy sell quickly. • If we get a good discount can we resell it quickly? • Do buyers want to live there? Are people buying there? • Desirable area? • Vacant house? • Already have a potential buyer? • Large 2nd and 3rd mortgages? • Dismissed Chapter 7 Bankruptcy? • FHA or VA loans? • Lender is EMC? • Above average to excellent school districts? • Is it a single family home, duplex, triplex or fourplex?

  2. Favorable Lenders • Home Eq • EMC • HSBC • GMAC • Option 1 • FHA LOANS with any bank

  3. Characteristics That Disqualify The Property • No townhouses or condos, etc. • War Zone • Interior BPO already completed • Reluctant Seller or Realtor • Lots of other investors and Fraud apparent • Countrywide / Bank Of America • Small single use commercial property

  4. Non- Favorable Lenders • Bank of America • Countrywide • Wells • Wachovia • National City • Ocwen

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