subject: Bank Owned Homes Our Money [print this page] How to buy bank owned homes - and take advantage of today's down mkt.
Can't say that we blame you because you're considering this. This is because the market appears to allude to really strong upside today.
I'm a realtor. Therefore, I want to give you the real 411 about foreclosure auctions. Then we'll cover a way to capitalize on foreclosures you've probable never heard of.
Do you know the most important factor these days: Reo's are attracting more competition. That's jacking prices up. If you also consider the fix up cost, you would be in better shape with a resale home and/or via a builder who is selling a finished home.
There are many variables to think through. Do you consider yourself to be a flipper and/or a shortsale kinda guy? Okay, you should keep on reading then. The short sale methods are not new. These programs have been around forever. Plus, short sale courses are wrong. Playing a foreclosure departments at the bank is difficult at best. Mortgate companies will never allow you to put $100 down, push out the closing and let you try to sell the house in the meantime.
Furthermore, locating a title company to do simultaneous settlements is pretty rough. Oops, sorry= a to b, b to c settlement. Yah, calling it something else changes everything. Yah right. Realtors won't work with you. Want to know why? Most frequenlty the problem stems from the fact that the majority of investors doing these deals can't actually purchase the property. Real Estate Brokers don't like writing up uncloseable contracts.
Hold on, so there is some good news. There's a course that is generating stellar income with no headache. The program does use auctioned homes, however you never have to buy any homes...
Okay, finally, this is system.
Foreclosures are an attempt by a mortgage company to collect a debt. Sometimes, the house sells for more than is need to satisfy the note. Do you know who gets the surplus funds?
It's illegal for the mortgage company to pocket the money.
The cash goes to either the local sheriff's department or to the clerk of the county clerk.
http://bigmoneyhookedonoverages.wetpaint.com/
Of course, the rightful owner could be a 2nd mortgage holder, a judgment holder, or the previous owner. Doesn't matter who is entitled to the surplus. You can make a ton of money working with them.
No, we are not talking about being a finder. Tax sale proceeds are not what this is about either. This program will work for tax sale overages. However, the real money is in mortgage surplus funds. Yup, surplus funds from mortgage foreclosures. The system takes you through the process. In some instances you can make nine times your money back, no kidding.
If you need money to make a deal work, we'll even provide that.
Our only real competitor out there deals exclusively with tax foreclosure surplus. That program costs over $1500 and has a 60 day course and a 30 day money back guarantee. The program they sell is a sixty day course with a thirty day money back guarantee. Read that again. See the issue? The course I'm talking about goes for under $300 and its guaranteed to be 100% correct. It will turn your life around...
{All scripture is given by inspiration of God, and is profitable for doctrine, for reproof, for correction, for instruction in righteousness: That the man of God may be perfect, throughly furnished unto all good works. KJV
There are two situations that make interesting stories: when an extraordinary person is plunged into the commonplace, and when an ordinary person gets involved in extraordinary events.
Sister Helen Prejean
Do not waste another day. The program is currently available at 80% less than the only other available competitor.
