These Are Headlines From Your Newspapers - I Didn't Do It!
I Couldn't Write More Scary Headlines If I Wanted To ...
Housing Starts Take Dive
Housing Plunged 6%
Home Flipper's Investments Flop
Prices of Homes Slip From Last Year
Home Sales Falling As Market Slows
Single Family Existing Home Sales Down 43% From Last Year
Homes Sales Slumping
Homes Hit First Slump In 7 Years
Pre-Foreclosures Rise
Suddenly, It's A Renter's Market
Risky Loans Come Home to Roost as Foreclosures
From: George Paukert, "Mr. Real Estate"
Date: Tuesday, 9:32 AM
Dear Friend,
Why do we already have so many foreclosures? The answer is very simple. The media is creating the panic and scaring the public to death! Just look at the headlines above. I didn't write them. They did!
The media is trying to crash the U.S. real estate market. Why? I have no idea. But they are winning and foreclosures are spreading through America like wildfire.
I get letters from all parts of America and I read articles in all kinds of publications. In the Sept. 27, 2006 issue of Realty Times, one of their columnists wrote ...
"According to the Detroit News, foreclosures have surged in the metro Detroit area, three times what they were last year. Unfortunately, Michigan was dead last in home appreciation for the year according to our U.S. government's figures."
Will the foreclosure trend spread everywhere? The answer is YES!
Evidence of a Severe Real Estate Bust
- Home prices in Bethesda, MD - an affluent suburb of Washington, DC - declined 16% in just one month.
- In Calaveras, CA, lots were selling at $100,000 in August, very few buyers today at $50,000 ... a 50% decline.
- Less than 14% of Miami's residents can now afford to buy a median-priced home.
- CBS news reports that in Las Vegas, the rising cost of materials and falling demand have forced some builders to walk away from half-completed condos - instantly impoverishing investors who paid as much as $1 million for non-existent apartments.
- In California, mortgage defaults increased by an incredible 62% over the past year.
- There are millions of jobs at risk now directly or indirectly affected by a real estate bust ... construction - home repair - lumber - concrete - steel - plumbing and electrical work - roofing - banking - insurance - REALTORS - property brokerage and management - moving - mortgage lending - appliances - carpeting - heating and air conditioning - furniture sales.
- Personal savings plummeted from 7% in the 1980's to less than ZERO today.
- Millions of Americans have been spending more than ever on luxury items like luxury vacations and SUVs. How? By cashing in on or borrowing against the equity in their homes.
- Leading economists now predict a severe recession.
All of this may sound like gloom and doom. But it's really GOOD NEWS for Realtors and investors who learn how to win the foreclosure game! Are YOU one of them?
Profit From the Upcoming Real Estate Crash
And if that is not enough, now the federal regulators are changing the mortgage guidelines. For the past 10 years, the risky loans were OK. Now they want all loans to be fully amortized.
PLUS, the IRS is getting more involved. They will now be able to provide lenders with actual tax returns within 24-48 hours at a cost of just $4.50 per tax year.
What does all this mean to YOU?
- No more stated income loans.
- No more loans based on solely on FICO scores.
- No more interest only loans.
- No more negative amortization loans.
- No more option-ARM loans with a 1% interest rate.
This means we'll have 60 million foreclosures - or more - in the next 2-3 years! All those homeowners with these "exotic" loans will have to refinance those loans. Most of them can't qualify for a fully amortized loan and at higher interest rates. And, now the IRS will tell the lender exactly how much income was declared. If that income isn't high enough for a fully amortized loan, the homeowner won't get the mortgage.
These new Federal guidelines were released on Friday, Sept. 29, 2006. There is a 60-day period where they take comments from the public, but this is really just about carved in stone.
Futher, property values are going down. Property taxes are on the rise! Insurance rates are doubling - or more! Insanity!!
What do YOU have to do?
Master Winning the Foreclosure Game!
Master Selling Homes in Tough Times!
I'm now going to share with you a true story about my introduction into the foreclosure game ...
A seller contacted me to help him sell his home. When I arrived at the house, after the "how are you's" and taking a tour of the home, the seller told me point blank that he has been trying to sell his home for 2 years with no luck. His wife was diagnosed with cancer and was scheduled to have a huge surgery. He said he couldn't afford the house payments and needed to sell. He also couldn't afford to come out of pocket.
He said the Realtors listing his home wanted to keep dropping the price until they found a buyer. They just didn't understand he didn't have the cash to come out of pocket to close. In addition, he was starting to fall behind in his payments.
I checked his expired listings. His home really was on the market for two years. He told me that during that time they had between 3-5 showings and zero offers.
By the time I appeared on the scene, the last listing was priced at $114,950 and the seller's mortgage balance was $113,500. I don't know how the agents expected to get paid commission, pay closing costs, and give the seller some money to move. Certainly $1350 wouldn't do it.
Then I asked myself, "Does the seller realize I don't list home for less than 7% commission?" Probably not. But. the reason I was paid a high commission is because I know a few tricks for marketing homes.
Here's what I did ...
- I raised the selling price.
- I offered terms for the buyer.
- The down payment would cover all the expenses, give the seller some moving money, and he would get some monthly income from the property.
- I gave him lots of ideas about sprucing up the house without spending too much money.
- I also taught him how to prepare the house when an agent wanted to show the house to a buyer.
The results? We had more than 50 showings in 18 days. We had 3 offers and closed on the sale in less than 30 days.
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"Thank you, George, for all the outstanding information you have put together. I utilize some part of your various programs almost every day. I treasure your programs and wouldn't part with them for anything. You have helped me become a leader in my market."
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As you can see, I believe in win-win situations. I want YOU - the real estate agent - to win. I want the seller to win. And I want the lender to win. Is it possible? YES!
Folks, there is a huge question mark in front of my eyes and it keeps growing and growing. What's the question?
Everybody is into buying foreclosures!
How about selling them?
Especially in "tough" markets!
Why does nobody cover this part of the process? For me, this is absolutely mind-boggling.
OK, I resolved the problem for you. I'll not only show you how to list or buy pre-foreclosures ... most important, I'll teach you how to sell them.
It's not use to learn how to list or buy these properties if you cannot sell them. The mastery is in selling these pre-foreclosures. You can list them or buy them all day long ... but selling them is the mastery of the real estate game.
5 Steps You Need
For Winning the Foreclosure Game
- Coming to a "meeting of the minds" with the sellers.
- Negotiating with the lender on behalf of the seller.
- Getting the proper paperwork to the lender.
- Creating a marketing plan.
- Selling the property as quickly as possible.
... has everything you need ...
- How to list or buy them
- What to say to the lender
- How to convince the seller to agree to your terms
- Negotiating with private lenders
- How to bring the loan current
- Possible sources for cash
- Can Regulation Z stop the foreclosure?
- Refinancing a property out of foreclosure
- Getting an extension on FHA loans
- Getting an extension on VA loans
- Is the property worth saving?
- Foreclosure procedures by state
- Finding pre-foreclosures before they become foreclosures
- Banks and REO's
- Techniques for buying pre-foreclosures with little or no money
- Do you need a real estate attorney?
- How to use a Land Trust
- Ads to run to find pre-foreclosures
- What's a lis pendens and how to use it
- What to do in the courthouse
- How to use creative financing for buying/listing/selling foreclosures
- And so much more ...
Why do YOU need "How to Win the Foreclosure Game"? Because 60% of all homeowners have so-called "exotic" loans - interest only, pick-a-payment, or 1% ARMs, etc. etc.
Let me state it in simple English. Any homeowner who does not have a fully amortized 15-year or 30-year loan may soon be in deep trouble.
All of these exotic loans will come due for refinance in 2-3 years. However, with the new federal guidelines, they may not be able to refinance. Lenders will have to require that loans be fully amortized and the IRS will provide speedy proof of income. If the homeowner's income can't support a fully amortized loan, they won't be able to refinance.Homeowners will have two choices ...
- Sell the home in a hurry.
- Go into foreclosure.
The above article is from the October 15, 2006 issue of the Palm Beach Post. Palm Beach County, Florida.
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George,
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At least 60 million homeowners will be facing this dilemma in the next few years because they won't be able to qualify to refinance under the new guidelines.
For the past ten years, the government allowed lenders to approve home loans to anyone who could fog a mirror. Now, they're changing the rules of the game ... just when homeowners need the most help.
There's no place to run - every state will be affected. There's no state that can dodge these problems.
The next important thing you have to do is ...
Master Marketing and Selling
Pre-Foreclosure Properties
To illustrate my point, I have a little "quiz" for you here ...
Can you tell which house is for sale in the picture below?
Can you tell which house is for sale in THIS picture?
Why did I do this small quiz? In "How to Win the Foreclosure Game," you'll discover how to get these homes sold! Why? To list or buy foreclosures is only half the work. To SELL them ... that completes the job. The home you are selling must stand out from the crowd! Simple as that.
Here are just a few video testimonials from our recent seminar ...
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 Golden Dawn Rickets RE/MAX Action First Realty Tampa Bay, FL 727-409-8550
"... I cannot believe the value we got out of this seminar. I already know I am going to make so much more money this year ... I can't recommend it enough ... George taught us so much about creative financing I know it is going to be a valuable tool not only for myself to invest, but to make my clients a ton of money ..."
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 Howard DeRias Sellstate Innovative Realty Atlantic County, NJ 609-517-1929 www.hdsells.com
"... little did I know I was in for a real treat ... I want to be the #1 agent in Atlantic county [NJ] ... George and Arlene - what can I say? I've never met people who were as hardworking and dedicated to the real estate profession ... I purchased everything they have here. I will make a mint with the information they have given me. This was a very special and unique seminar ... it was absolutely awesome."
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 Collin Forde ERA Showcase Brevard County, FL 321-258-5076 www.collinfinehomes.com
"All the seminars I have been to have been nothing like this one. I don't have to attend any other seminars, only seminars put on by George. The other trainers - forget it ... I'm pumped up and ready to go ... I intend to be #1 ... George is 'Mr. Real Estate' - I'm going to be 'Mr. Brevard' ..."
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Selling a home is the hardest thing to do. If it were that easy, every time a Realtor needed ten or twenty grand, they would go to the MLS, select a home, and sell it. No such luck. It doesn't work that way. Some Realtors haven't sold a home in the last 2-3 years!
Once you list or buy these pre-foreclosure homes, you have to sell them in order to make any money. That's where my expertise comes in. I'll show you how you can sell these homes in less than 30 days and create a "WIN-WIN-WIN-WIN" situation ...
Let me explain ... For Realtors, each of these pre-foreclosures means TWO deals! First, you sell the home before it's foreclosed on, and then you find the seller another home! Realtors are best equipped to handle these properties. You are experienced in talking to lenders, estimating property values, and in selling homes. On the average, lenders lose $40,000 on each foreclosure! They would much rather avoid the whole foreclosure process, thereby saving time and money. So, be bold - ask for BIG discounts ... I'll show you how! Because of the new federal guidelines requiring fully amortized loans, the future is 60 million foreclosures. Realtors can benefit from this! This gives YOU the chance to own more houses than ever! As John Paul Getty said ...
Hold on until everybody is buying!"
On the other hand, if you find this book to be an incredible value and packed with great information, please send us your testimonial and refer us to your family and friends. Everybody in America should have this information.
More Tools of the Trade from Mr. Real Estate
To learn about Creative Financing, visit Million $$$ Secrets Find out how you can use these techniques to help your seller sell their home or help your buyer buy a home - FAST! Or use the program to become an investor yourself!
Disclaimer Terms of Use Agreement
Road to Wealth, Inc., 8983 Okeechobee Blvd., Ste. 202-307, W. Palm Beach, FL 33411 Phone: 561-883-2222 E-mail: Customer Service
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Keep the book for the next 30 days. Test it. Use it. You have ZERO risk. If you don't like it, if "How to Win the Foreclosure Game" doesn't work for you, or whatever reason you don't want it, pack it up and send it back in resalable condition. No hassle. No questions. Simple as that. Plus, you can keep all the bonus reports. All refunds or credits are for the purchase price excluding shipping/handling charges. Purchaser pays for return shipping.
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