Wealth Thru Foreclosures

Want to build real estate wealth quickly?

My e-courses, on-site training, and mentoring programs will position you for success. Whether you are a buyer or investor, you will learn the key steps to evaluating a potential foreclosure purchase. You will be confident in either proceeding or walking away, depending on whether it will fulfill your objective. When you understand and apply this process, you will be able to save time and energy, negotiate effectively, and make money!

Down markets are the best time for buyers and investors to make money in real estate.

With the current number of existing homes and foreclosure properties on the market, many areas have seen huge price reductions already. In areas where foreclosures are 8% or more of market sales, we can see discounts at 20%-40% or deeper.

As a broker/owner, new construction specialist, and educator for over ten years, I have taught my clients how to save money and purchase desirable properties. You too, can discover techniques in finding and negotiating great buys, including how to work with banks on short sales. See why savvy investors are purchasing real estate as large parts of their portfolios. Learn what kind of profits they are making, types of properties they are purchasing, and what they are looking at in rental income and future resale value. 

Christopher Cagan, PhD (The Cagan Study — Mortgage Payment Reset: The Rumor and the Reality), looked at 7.7 million adjustable first mortgages issued in 2004 and 2005. He found that 1.9 trillion dollars in loans are to be re-set in 2007-2008 and predicts that 297 billion dollars in loans are likely to end up in foreclosure. Due to the huge number of loans that will reset in 2007 and 2008, and the staggering number that will fail, adding to the number of homes already on the market, real estate is a fantastic buy. The more homes on the market, the slower the local economic growth, the greater the discount/sale price will be. Yes, you can and should make money in today’s down market!

You too, can reap these rewards.  

As a former stock broker and 401(K) consultant, one of the greatest insights I have taught CEOs and their employees was the concept of a stock, mutual fund, or other investment in a down market or at a low, as being on sale.

And, when would we rather buy something—at its regular price or when it is on sale? Which purchase offers us the best potential of making the most money? 

Please join me for one of my “Purchasing Foreclosures and Negotiating Short Sales ” empowering e-course programs.

These continuing education programs consist of 90 - 120 minute sessions with downloadable study guides. The major, in-depth topics include the following:

Strategic Analysis

It’s important to recognize market cycles and specific strategies that work best in each market cycle. We will examine local and national economic factors and how they affect your purchase. You will learn how to establish the competitive market value of the property/home and future investment potential. A key factor you will need for determining your profit margin is current/future use of the property. Is this property for your primary residence; for resale; or are you purchasing this as investment, income, or rental property? The profit margin is simply the income or sale price you receive when you sell the property minus the purchase price (payoff amounts, liens, etc.), plus repairs and any other costs. A good title company is invaluable, as they will do a lot of this work for you.

Determining When and How to Buy

As A Pre-foreclosure—Notice of Default (NOD) or Lis Pendens (LIS) You may be able to negotiate a short sale (lower payoff amount, as you are saving them the time and trouble of a foreclosure). Learning the steps involved, the timing, and negotiating a purchase agreement at this point in the process can be a great investment.

At Auction—Notice of Trustee Sale (NTS) or Notice of Foreclosure Sale (NFS)
Be prepared to buy, know all amounts owed against the property, and the amount you will need for repairs, and time on the market. Determine the price at which you need to be. Do not get caught up in the bidding, you are here to make a profit.

Bank Owned—Real Estate Owned (REO)
When purchasing the property from the lender; make sure you know the break even point, plus any other amounts owed. Remember that the greater the number of homes on the market, the length of time to sell, the local economic factors, and condition of the home will all help in determining the discount factor.

Structural Integrity & Pre-Home Inspections

You will learn how to look at the structural integrity of existing properties/homes and basic construction and blueprint reading fundamentals. Does this home meet codes or are there code issues? If there are any problems, are they easily fixable and cost effective? Or is it best just to move on.

You will learn how to do your own pre-home inspections. Look at common and major repairs: cost, time, and energy involved. This step alone can save you thousands of dollars and will help you in negotiating a better price or learning when to walk away and look at other properties.

Negotiation & Closing

Implementing these keys will enable you to negotiate more effectively in the foreclosure process. You will learn about lien priorities, senior and junior liens, and understand why it is so important to know who is foreclosing. Who has priority? Who gets wiped out? Why are properties with lots of repairs or ones that are over-leveraged with an upside- down mortgage something you might want to consider? You will learn about tax ramifications, recourse loans, non-recourse loans, deficiency judgments and who they affect. Having a knowledgeable realtor, home inspector, and closer (title company) and/or an attorney can be very effective in working with you on short sales/foreclosure issues.

All of this information could easily save you $40,000–$200,000 or more on your real estate purchase.

But they are priced to quickly move you toward reaching your goal. Our 4-week Introductory Program is just $499 and our 8-week Advanced Program is just $1,499.

Even if you are unable to participate in each of the scheduled training calls, you can still benefit from using recorded MP3 files. Start realizing your dreams— register now!

If you are serious about investing in foreclosures as an ongoing wealth-building strategy, you will also want to consider my mentoring program. Mentoring or coaching is a powerful tool to get you on the fast track to achieving your goals.

Purchasing a foreclosure takes considerably more time, energy, and knowledge, but the savings may be worth it. Understanding the process, knowing what steps to take and when, will lead to successful investing and building real estate wealth. Today’s market with so many over-leveraged or upside-down mortgages, provides fantastic opportunities to rapidly accumulate wealth.

Begin the adventure with one of our upcoming e-courses/webcasts, or contact us to bring this valuable training on-site to your corporation or professional association.