JustinMcClelland.com » John Michailidis http://www.justinmcclelland.com From Zero To Seven Figures Thu, 09 Sep 2010 16:07:18 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 This shouldn’t be free…I think http://www.justinmcclelland.com/index.php/2010/08/this-shouldnt-be-free-i-think/ http://www.justinmcclelland.com/index.php/2010/08/this-shouldnt-be-free-i-think/#comments Thu, 12 Aug 2010 08:16:32 +0000 Justin McClelland http://www.justinmcclelland.com/?p=827
LOS ANGELES, CA - DECEMBER 12: TV personaliti...

I skipped WTF Wednesday this week and I have got some short-sale stuff to talk about tonight.  But before I begin, did you know that they shot the 3rd season of Jersey Shore already?  I mean really?!  Really (said with SNL sarcasm).  MTV…Really!? The 2nd season was shot in Miami and the 3rd season is back in Jersey.  I mean aren’t they going to run out of stuff to do?  Sounds like a classic case of deja vu.  Anyway, don’t get me wrong…that show is soooo entertaining.  Fake tans, hair gel, hook-ups, and fist fights.  I mean does it get any more entertaining than that?  It’s almost ashamed to say I’m a fan of that show.  But, to know that a lot of Italian-American’s despise that show…makes me grin a little bit inside to be honest.  Because, now they know first-hand how a lot of black folks feel about a lot of shows on BET and UPN.  Embarrassing ain’t it?

But anywho, back to making money.  So, I just submitted the 34 page fax for the short-sale package that I picked up a few days ago.  I’m starting to really understand this whole short-sale game, I should since this is the 3rd go-round.  Also, this homeowner is much more cooperative than the other two, which is a huge plus.  It wasn’t like pulling teeth when asking for information and documentation.  This house is mortgaged by Wells Fargo.  I called them up and asked what they required.  They said:

-Financial Worksheet (signed with loan #)

- Hardship Letter

- Copies of paycheck stubs (last 30 days)

- If unemployed – copies of benefits

- copy of 2009 Tax Returns

- Copy of listing agreement

- Copy of Purchase Agreement

- Copy of Pre-lim HUD

- Copy of POF

This house is in Champaign and the owner is moving to Ohio.  And she’s moving out in less than two weeks.  Since this house will be vacant during the entire short-sale period, I’m going to take a new approach so that it’s less likely to get vandalized like last time.  This new approach is to use a Home Tender, this would be someone that would occupy the place and keep it up, they would pay a fee to stay there on a week to week basis, however the arrangement would not be a landlord/tenant relationship.  They would be contractually obligated to furnish the property and keep it clean, grass cut, etc.  I was even thinking that I myself could be that Home Tender, but I’m thinking I’d rather find someone else.  Not feeling the idea of paying utilities, cutting grass, and living in Champaign again…especially after being back in STL…it’s like night and day.

So, today while finishing up my short-sale package, the last thing that I needed to do was to complete the preliminary HUD-1.  The last time I paid my lawyer to complete it.  Or rather his assistant did it.  Either way I figure it cost about $50.  So today, my broke-ass needed a way to get it done for the low-low.  I thought about doing it myself, but if you’ve seen one of those HUD-1′s before, you’d know it’s confusing as hell.  If you do them all the time, piece of cake.  But if you don’t…that thing might as well be Calculus.  No, but seriously it’s more like an accounting ledger…and I hate accounting…credit this….debit that.  For the birds I tell you!  So I remember being on John Michailidis’ blog (I think he’s been chilling off the grid for a moment now) and seeing an ad for DIY HUD-1 software.  So I go to the site, which is called EasyHud.com and the software which was normally $27/month, was free!  Don’t know what the deal was…and not sure if it will be free indefinitely…but it surely is free right now.  So check it out.  I got my HUD-1 done in like 5 minutes.

Side note: I just happened to check out the blog of the owner of EasyHud.com and he posted this video about short-sales and bankruptcies, a Q and A with an attorney out of Indiana.  Since I’ve run across this subject with one of my past deals gone wrong, I felt it was appropriate to share here, as bankruptcies and short-sales together are quite a confusing duo:

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]]> http://js-kit.com/rss/justinmcclelland.com/p=827 0 Bloody, but unbowed http://www.justinmcclelland.com/index.php/2010/01/bloody-but-unbowed/ http://www.justinmcclelland.com/index.php/2010/01/bloody-but-unbowed/#comments Tue, 19 Jan 2010 06:06:30 +0000 Justin McClelland http://www.justinmcclelland.com/?p=609
LOS ANGELES, CA - DECEMBER 12: TV personaliti...

I skipped WTF Wednesday this week and I have got some short-sale stuff to talk about tonight.  But before I begin, did you know that they shot the 3rd season of Jersey Shore already?  I mean really?!  Really (said with SNL sarcasm).  MTV…Really!? The 2nd season was shot in Miami and the 3rd season is back in Jersey.  I mean aren’t they going to run out of stuff to do?  Sounds like a classic case of deja vu.  Anyway, don’t get me wrong…that show is soooo entertaining.  Fake tans, hair gel, hook-ups, and fist fights.  I mean does it get any more entertaining than that?  It’s almost ashamed to say I’m a fan of that show.  But, to know that a lot of Italian-American’s despise that show…makes me grin a little bit inside to be honest.  Because, now they know first-hand how a lot of black folks feel about a lot of shows on BET and UPN.  Embarrassing ain’t it?

But anywho, back to making money.  So, I just submitted the 34 page fax for the short-sale package that I picked up a few days ago.  I’m starting to really understand this whole short-sale game, I should since this is the 3rd go-round.  Also, this homeowner is much more cooperative than the other two, which is a huge plus.  It wasn’t like pulling teeth when asking for information and documentation.  This house is mortgaged by Wells Fargo.  I called them up and asked what they required.  They said:

-Financial Worksheet (signed with loan #)

- Hardship Letter

- Copies of paycheck stubs (last 30 days)

- If unemployed – copies of benefits

- copy of 2009 Tax Returns

- Copy of listing agreement

- Copy of Purchase Agreement

- Copy of Pre-lim HUD

- Copy of POF

This house is in Champaign and the owner is moving to Ohio.  And she’s moving out in less than two weeks.  Since this house will be vacant during the entire short-sale period, I’m going to take a new approach so that it’s less likely to get vandalized like last time.  This new approach is to use a Home Tender, this would be someone that would occupy the place and keep it up, they would pay a fee to stay there on a week to week basis, however the arrangement would not be a landlord/tenant relationship.  They would be contractually obligated to furnish the property and keep it clean, grass cut, etc.  I was even thinking that I myself could be that Home Tender, but I’m thinking I’d rather find someone else.  Not feeling the idea of paying utilities, cutting grass, and living in Champaign again…especially after being back in STL…it’s like night and day.

So, today while finishing up my short-sale package, the last thing that I needed to do was to complete the preliminary HUD-1.  The last time I paid my lawyer to complete it.  Or rather his assistant did it.  Either way I figure it cost about $50.  So today, my broke-ass needed a way to get it done for the low-low.  I thought about doing it myself, but if you’ve seen one of those HUD-1′s before, you’d know it’s confusing as hell.  If you do them all the time, piece of cake.  But if you don’t…that thing might as well be Calculus.  No, but seriously it’s more like an accounting ledger…and I hate accounting…credit this….debit that.  For the birds I tell you!  So I remember being on John Michailidis’ blog (I think he’s been chilling off the grid for a moment now) and seeing an ad for DIY HUD-1 software.  So I go to the site, which is called EasyHud.com and the software which was normally $27/month, was free!  Don’t know what the deal was…and not sure if it will be free indefinitely…but it surely is free right now.  So check it out.  I got my HUD-1 done in like 5 minutes.

Side note: I just happened to check out the blog of the owner of EasyHud.com and he posted this video about short-sales and bankruptcies, a Q and A with an attorney out of Indiana.  Since I’ve run across this subject with one of my past deals gone wrong, I felt it was appropriate to share here, as bankruptcies and short-sales together are quite a confusing duo:

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Marketing Secret
]]> http://js-kit.com/rss/justinmcclelland.com/p=827 0 Slowly But Surely http://www.justinmcclelland.com/index.php/2010/01/slowly-but-surely/ http://www.justinmcclelland.com/index.php/2010/01/slowly-but-surely/#comments Fri, 15 Jan 2010 04:09:14 +0000 Justin McClelland http://www.justinmcclelland.com/?p=593
LOS ANGELES, CA - DECEMBER 12: TV personaliti...

I skipped WTF Wednesday this week and I have got some short-sale stuff to talk about tonight.  But before I begin, did you know that they shot the 3rd season of Jersey Shore already?  I mean really?!  Really (said with SNL sarcasm).  MTV…Really!? The 2nd season was shot in Miami and the 3rd season is back in Jersey.  I mean aren’t they going to run out of stuff to do?  Sounds like a classic case of deja vu.  Anyway, don’t get me wrong…that show is soooo entertaining.  Fake tans, hair gel, hook-ups, and fist fights.  I mean does it get any more entertaining than that?  It’s almost ashamed to say I’m a fan of that show.  But, to know that a lot of Italian-American’s despise that show…makes me grin a little bit inside to be honest.  Because, now they know first-hand how a lot of black folks feel about a lot of shows on BET and UPN.  Embarrassing ain’t it?

But anywho, back to making money.  So, I just submitted the 34 page fax for the short-sale package that I picked up a few days ago.  I’m starting to really understand this whole short-sale game, I should since this is the 3rd go-round.  Also, this homeowner is much more cooperative than the other two, which is a huge plus.  It wasn’t like pulling teeth when asking for information and documentation.  This house is mortgaged by Wells Fargo.  I called them up and asked what they required.  They said:

-Financial Worksheet (signed with loan #)

- Hardship Letter

- Copies of paycheck stubs (last 30 days)

- If unemployed – copies of benefits

- copy of 2009 Tax Returns

- Copy of listing agreement

- Copy of Purchase Agreement

- Copy of Pre-lim HUD

- Copy of POF

This house is in Champaign and the owner is moving to Ohio.  And she’s moving out in less than two weeks.  Since this house will be vacant during the entire short-sale period, I’m going to take a new approach so that it’s less likely to get vandalized like last time.  This new approach is to use a Home Tender, this would be someone that would occupy the place and keep it up, they would pay a fee to stay there on a week to week basis, however the arrangement would not be a landlord/tenant relationship.  They would be contractually obligated to furnish the property and keep it clean, grass cut, etc.  I was even thinking that I myself could be that Home Tender, but I’m thinking I’d rather find someone else.  Not feeling the idea of paying utilities, cutting grass, and living in Champaign again…especially after being back in STL…it’s like night and day.

So, today while finishing up my short-sale package, the last thing that I needed to do was to complete the preliminary HUD-1.  The last time I paid my lawyer to complete it.  Or rather his assistant did it.  Either way I figure it cost about $50.  So today, my broke-ass needed a way to get it done for the low-low.  I thought about doing it myself, but if you’ve seen one of those HUD-1′s before, you’d know it’s confusing as hell.  If you do them all the time, piece of cake.  But if you don’t…that thing might as well be Calculus.  No, but seriously it’s more like an accounting ledger…and I hate accounting…credit this….debit that.  For the birds I tell you!  So I remember being on John Michailidis’ blog (I think he’s been chilling off the grid for a moment now) and seeing an ad for DIY HUD-1 software.  So I go to the site, which is called EasyHud.com and the software which was normally $27/month, was free!  Don’t know what the deal was…and not sure if it will be free indefinitely…but it surely is free right now.  So check it out.  I got my HUD-1 done in like 5 minutes.

Side note: I just happened to check out the blog of the owner of EasyHud.com and he posted this video about short-sales and bankruptcies, a Q and A with an attorney out of Indiana.  Since I’ve run across this subject with one of my past deals gone wrong, I felt it was appropriate to share here, as bankruptcies and short-sales together are quite a confusing duo:

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]]> http://js-kit.com/rss/justinmcclelland.com/p=827 0 Furlough Productivity http://www.justinmcclelland.com/index.php/2009/12/furlough-productivity/ http://www.justinmcclelland.com/index.php/2009/12/furlough-productivity/#comments Wed, 30 Dec 2009 07:13:55 +0000 Justin McClelland http://www.justinmcclelland.com/?p=551
LOS ANGELES, CA - DECEMBER 12: TV personaliti...

I skipped WTF Wednesday this week and I have got some short-sale stuff to talk about tonight.  But before I begin, did you know that they shot the 3rd season of Jersey Shore already?  I mean really?!  Really (said with SNL sarcasm).  MTV…Really!? The 2nd season was shot in Miami and the 3rd season is back in Jersey.  I mean aren’t they going to run out of stuff to do?  Sounds like a classic case of deja vu.  Anyway, don’t get me wrong…that show is soooo entertaining.  Fake tans, hair gel, hook-ups, and fist fights.  I mean does it get any more entertaining than that?  It’s almost ashamed to say I’m a fan of that show.  But, to know that a lot of Italian-American’s despise that show…makes me grin a little bit inside to be honest.  Because, now they know first-hand how a lot of black folks feel about a lot of shows on BET and UPN.  Embarrassing ain’t it?

But anywho, back to making money.  So, I just submitted the 34 page fax for the short-sale package that I picked up a few days ago.  I’m starting to really understand this whole short-sale game, I should since this is the 3rd go-round.  Also, this homeowner is much more cooperative than the other two, which is a huge plus.  It wasn’t like pulling teeth when asking for information and documentation.  This house is mortgaged by Wells Fargo.  I called them up and asked what they required.  They said:

-Financial Worksheet (signed with loan #)

- Hardship Letter

- Copies of paycheck stubs (last 30 days)

- If unemployed – copies of benefits

- copy of 2009 Tax Returns

- Copy of listing agreement

- Copy of Purchase Agreement

- Copy of Pre-lim HUD

- Copy of POF

This house is in Champaign and the owner is moving to Ohio.  And she’s moving out in less than two weeks.  Since this house will be vacant during the entire short-sale period, I’m going to take a new approach so that it’s less likely to get vandalized like last time.  This new approach is to use a Home Tender, this would be someone that would occupy the place and keep it up, they would pay a fee to stay there on a week to week basis, however the arrangement would not be a landlord/tenant relationship.  They would be contractually obligated to furnish the property and keep it clean, grass cut, etc.  I was even thinking that I myself could be that Home Tender, but I’m thinking I’d rather find someone else.  Not feeling the idea of paying utilities, cutting grass, and living in Champaign again…especially after being back in STL…it’s like night and day.

So, today while finishing up my short-sale package, the last thing that I needed to do was to complete the preliminary HUD-1.  The last time I paid my lawyer to complete it.  Or rather his assistant did it.  Either way I figure it cost about $50.  So today, my broke-ass needed a way to get it done for the low-low.  I thought about doing it myself, but if you’ve seen one of those HUD-1′s before, you’d know it’s confusing as hell.  If you do them all the time, piece of cake.  But if you don’t…that thing might as well be Calculus.  No, but seriously it’s more like an accounting ledger…and I hate accounting…credit this….debit that.  For the birds I tell you!  So I remember being on John Michailidis’ blog (I think he’s been chilling off the grid for a moment now) and seeing an ad for DIY HUD-1 software.  So I go to the site, which is called EasyHud.com and the software which was normally $27/month, was free!  Don’t know what the deal was…and not sure if it will be free indefinitely…but it surely is free right now.  So check it out.  I got my HUD-1 done in like 5 minutes.

Side note: I just happened to check out the blog of the owner of EasyHud.com and he posted this video about short-sales and bankruptcies, a Q and A with an attorney out of Indiana.  Since I’ve run across this subject with one of my past deals gone wrong, I felt it was appropriate to share here, as bankruptcies and short-sales together are quite a confusing duo:

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]]> http://js-kit.com/rss/justinmcclelland.com/p=827 0 Mo’ Work – No Money http://www.justinmcclelland.com/index.php/2009/12/mo-work-no-money/ http://www.justinmcclelland.com/index.php/2009/12/mo-work-no-money/#comments Sun, 20 Dec 2009 04:02:11 +0000 Justin McClelland http://www.justinmcclelland.com/?p=530
LOS ANGELES, CA - DECEMBER 12: TV personaliti...

I skipped WTF Wednesday this week and I have got some short-sale stuff to talk about tonight.  But before I begin, did you know that they shot the 3rd season of Jersey Shore already?  I mean really?!  Really (said with SNL sarcasm).  MTV…Really!? The 2nd season was shot in Miami and the 3rd season is back in Jersey.  I mean aren’t they going to run out of stuff to do?  Sounds like a classic case of deja vu.  Anyway, don’t get me wrong…that show is soooo entertaining.  Fake tans, hair gel, hook-ups, and fist fights.  I mean does it get any more entertaining than that?  It’s almost ashamed to say I’m a fan of that show.  But, to know that a lot of Italian-American’s despise that show…makes me grin a little bit inside to be honest.  Because, now they know first-hand how a lot of black folks feel about a lot of shows on BET and UPN.  Embarrassing ain’t it?

But anywho, back to making money.  So, I just submitted the 34 page fax for the short-sale package that I picked up a few days ago.  I’m starting to really understand this whole short-sale game, I should since this is the 3rd go-round.  Also, this homeowner is much more cooperative than the other two, which is a huge plus.  It wasn’t like pulling teeth when asking for information and documentation.  This house is mortgaged by Wells Fargo.  I called them up and asked what they required.  They said:

-Financial Worksheet (signed with loan #)

- Hardship Letter

- Copies of paycheck stubs (last 30 days)

- If unemployed – copies of benefits

- copy of 2009 Tax Returns

- Copy of listing agreement

- Copy of Purchase Agreement

- Copy of Pre-lim HUD

- Copy of POF

This house is in Champaign and the owner is moving to Ohio.  And she’s moving out in less than two weeks.  Since this house will be vacant during the entire short-sale period, I’m going to take a new approach so that it’s less likely to get vandalized like last time.  This new approach is to use a Home Tender, this would be someone that would occupy the place and keep it up, they would pay a fee to stay there on a week to week basis, however the arrangement would not be a landlord/tenant relationship.  They would be contractually obligated to furnish the property and keep it clean, grass cut, etc.  I was even thinking that I myself could be that Home Tender, but I’m thinking I’d rather find someone else.  Not feeling the idea of paying utilities, cutting grass, and living in Champaign again…especially after being back in STL…it’s like night and day.

So, today while finishing up my short-sale package, the last thing that I needed to do was to complete the preliminary HUD-1.  The last time I paid my lawyer to complete it.  Or rather his assistant did it.  Either way I figure it cost about $50.  So today, my broke-ass needed a way to get it done for the low-low.  I thought about doing it myself, but if you’ve seen one of those HUD-1′s before, you’d know it’s confusing as hell.  If you do them all the time, piece of cake.  But if you don’t…that thing might as well be Calculus.  No, but seriously it’s more like an accounting ledger…and I hate accounting…credit this….debit that.  For the birds I tell you!  So I remember being on John Michailidis’ blog (I think he’s been chilling off the grid for a moment now) and seeing an ad for DIY HUD-1 software.  So I go to the site, which is called EasyHud.com and the software which was normally $27/month, was free!  Don’t know what the deal was…and not sure if it will be free indefinitely…but it surely is free right now.  So check it out.  I got my HUD-1 done in like 5 minutes.

Side note: I just happened to check out the blog of the owner of EasyHud.com and he posted this video about short-sales and bankruptcies, a Q and A with an attorney out of Indiana.  Since I’ve run across this subject with one of my past deals gone wrong, I felt it was appropriate to share here, as bankruptcies and short-sales together are quite a confusing duo:

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