Where Serious Short Sale Investors Come To Get The Good Stuff...

Dear Student I’ve had the privilege to teach short sales to over 20,000 people in the last 8 years. During that time I personally managed to purchase more than 350 houses from people facing foreclosure. And our team continues to do so every day. This real life momentum has spawned thousands of successful students, and dozens of new short sale experts, who now teach the business while running their own powerful house buying businesses. I’m darn proud of this legacy. The techniques and strategies you’ll find embedded in our seminars and information products on this site were at one time proprietary to only my staff and a few key students. Over the years, we’ve created and innovated these techniques ourselves. When I first started teaching, no one ever knew what a short sale was. Through our now much expanded network, and open sharing in countless hours of private one on one group masterminds, even visiting large bank mitigation centers across the country, we believe we have assembled the most accurate and practical short sale information available. Our personal deals and my short sale advisory board, including our on-staff loss mitigators continue to innovate and refine these strategies everyday. And it’s my goal to make YOU an expert in this field. Once you take this opportunity and run with it, the information on this site will take you places you’ve never even dreamed of.

STARTLING GOOD NEWS REVEALED!

Amidst today’s subprime and prime lender mortgage meltdown, short sales have hit the mainstream. Everybody now knows that short sales are the ONLY way to go in today’s market. Interestingly and oddly enough, there are VERY FEW real educated short sale experts. Meaning it’s highly likely there is no competition in your area. A short sale professional is someone who uses this concept in real estate as their primary source of income. They don’t complain about how tough short sales are, because they understand the parameters, which quickly weds out the time wasters in their deal pipeline. Most investors don’t. So they continually bumble about, befuddled and bewildered, thinking short sales are just too time consuming. That’s an easy and uncomplicated way to quit.

It’s my humble opinion that if you fail to truly learn and utilize short sale investment strategies in your real estate career, you will easily never realize 80% of your income potential. Ask me how I know this… I could name a hundred students in every state who focus exclusively on short sales and preforeclosures as their sole means of income. What’s the difference between them and you?

THEY HAVE GAINED OUR KNOWLEDGE, AND NOW IT’S YOUR TURN.

What are you waiting for? I know, you need to make sure this is real. It IS real to those who don’t make excuses. I’ve seen some remarkable lifestyle transformations in so many students – transformations in mindset, spiritual and of course financial states. We celebrated many of these success stories a couple of years ago, when I personally flew Donald Trump as our Keynote Speaker, and gave away my $70,000 Hummer to my highest achieving student of the year. So what does this mean to you? Bottom line – I want you to prosper and continually benefit from the information we provide. And you should stay plugged in to get continual feedback and support through our online membership community. This time tested information will take you to whatever level you want to go, at whatever pace you want.

WHAT’S NEXT FOR YOU?

Many serious investors (and those seriously disgusted with their J.O.B.) jump in and truly commit, by signing up for our five day intensive “Short Sales Exposed” training. If that’s your choice, then CONGRATULATIONS! Others will start slowly, by checking our some of our free stuff. My advice is to get started on something, create momentum and make a decision. Get your confidence from those who have already made the journey. Read their letters and listen to their amazing backgrounds – all varied walks of life.

At a minimum, it’s recommended you join our monthly membership, which is packed with an onslaught of seriously fabulous online training info, live calls with my negotiators working deals. It's Loaded with Seminar excerpts, how-to videos and teleseminars or if you have an immediate question on a deal you have, jump on board to our Ask The Mitigator Page.

DO NOT LEAVE THIS SITE EMPTY HANDED!

Click to get a Free Hand copy newsletter packed full of killer articles, case studies, and success stories.

I extend a personal invitation to one of our national foreclosure workshops. Remember, those who don’t understand how to invest in using short sales in today’s market are getting left behind. Get yourself into explosive action in 2008, and we’ll see you at the top! To your quantum leap!

A report from First American CoreLogic showed that 58.2 percent of home mortgages in Las Vegas have negative equity, in which the loan balance exceeds the home's value. The report said Nevada has the highest percentage of underwater mortgage holders in the nation with more than a quarter of Nevadans, 28 percent, owing more than 125 percent of their home's value.

The Treasury Department last Wednesday throws $75 billion at a problem that some say sparked the economic downturn. The plan aims to help as many as 9 million homeowners who are struggling to stop foreclosure, but industry experts agreed few homeowners in Las Vegas and other hard-hit areas such as Phoenix and much of California, where home prices have tumbled more than 50 percent, are likely to qualify for the program.

Under Obama's plan, homeowners are generally eligible for refinancing or loan modifications if they are the owner-occupant of the home; the home is their primary residence; the home is not investor-owned; and the first-lien loan has an unpaid balance of less than $729,750.

Any stopping foreclosure action will be suspended during the loan modification trial period or while borrowers are considered for other options to prevent foreclosure. If these options fail, the foreclosure action may be resumed.

The plan helps two groups by refinancing up to 5 million homeowners into more affordable fixed-rate loans and by working with lenders to modify the loan terms for up to 4 million homeowners. The Obama plan’s second part  is intended to help modify loans for borrowers who have experienced economic hardship.

For the modification program, which runs through 2012, borrowers who are eligible will have to provide their most recent tax return, two pay stubs and an "affidavit of financial hardship" to qualify. In the affidavit, applicants will have to cite the reasons behind their financial woes, such as job loss or a drop in income. The government will take steps to verify the information. 

Borrowers are allowed to have their loans modified once, and the program applies for loans made on Jan. 1, 2009, or earlier. Mortgages for single-family properties that are worth more than $729,750 are excluded. Lenders could reduce a borrower's interest rate to as low as 2 percent for five years. Rates then would rise to about 5 percent until the mortgage is repaid. If the plan works as intended, it could be a big plus for some borrowers. 

We don't know what that program will do and how other programs are affected. We need to see the guidelines, how the administration is going to handle the rights of investors to have a decision in how to do these workouts, whether investors are forced into this or still have a right of approval."

Simon said the industry favors the "general terms" of the plan's affordability index formula, which sets monthly home payments at 38 percent of household income. The government will share 7 percent of the cost to take mortgages down to 31 percent. Critics of Obama's foreclosure plan say it will reward delinquent borrowers, many of whom should not have received mortgages in the first place, while responsible borrowers who continue to make their monthly home payments gain nothing.

Neil

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