9am-11am Veteran morgage banker Deanna Valeo presents: "Today's Financing Climate"

These are very turbulent times for the mortgage industry.  We read in the newspapers that interest rates have changed, banks have more money to loan because of the bailout, etc . . ., only to find out that lenders have ignored these factors in their loan underwriting criteria.

So where exactly do we sit today?  What does the buyer pool look like for those of you who're out there rehabbing houses?  What does it take to get qualified in terms of credit score, down payment, title seasoning, etc . . .?

Deanna Valeo is a long-time veteran of the mortgage industry, and will be giving us a complete update on today's financing climate.

 11am-1pm: Former attorney Hallie Hawkins Presents "Understanding Credit Scoring for You and Your Buyers"

 The growth of the consumer credit has been explosive.  Individual credit files continue to grow, and are used for purposes beyond the issuance of credit.  People cannot afford to overlook the information being reported about them by the credit agencies. 

Hallie will explain how to read a credit report- ways to manage credit reports and tips as to how to increase credit scores...

You can do this yourself without the large credit repair companies!

About your speaker:

Hallie Hawkins, JD, is a trained attorney, with a background not only in law but in the mortgage industry!  In other words, she understands perfectly the laws regarding credit reporting, and the interrelationship between credit and getting someone to the closing table.  We've brought you THE expert on what it will take to "rehab" a credit report to get you or your buyers to the closing table.

Course outline:

Section 1 – you as an investor

-          What you need to know to keep your personal and investment records separate

-          What you need to know about your personal credit

-          Using credit cards to finance the business – what to know

-          Managing your personal cash flow to account for investment capital needs like repairs, taxes, etc

-          Issues with comingling funds

-          Protect yourself from personal liability

Section 2 – your buyers

-          What to look for in a buyer – what is a good buyer

-          What to do to help your buyers become better consumers for you

-          How to work with buyers when it comes to credit

Section 3 – Managing your buyers

-          In a lease option – how to help those buyers stick to a plan to improve their credit and become buyers at the end of the process 

o   Bring up that the buyer can pay for the classes or monthly fee and offer to the buyer that they will pay them back upon closing, offering an incentive for the buyer to actually do what they are supposed to.