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Saturday, September 26, 2009


Ok, the cat seems to be getting out of the bag lately.
My office has been SLAMMED with phone calls from
People wanting in on the big launch. So to bring
you up to speed, here's a quick summary of what I bring to the game:

--> SELLING /EXIT STRATEGY ISSUES: If you're having trouble reselling
REOs IN 60 days or less, we have SOLVED this
problem for you!

--> "A-B-C" LENDERS LOVE YOU: If you've been frustrated with
some "A-B-C" buyer's lenders needing more time to properly
document the transaction, and therefore causing you to go
beyond 60 days, we have SOLVED this problem for you!

--> NO RISK: If you're nervous about getting tied into loan
agreements with hard money lenders, we have SOLVED this
problem for you!

--> NO CAPITAL: If you have no capital to put down to hold
a property until you resell it, we have SOLVED this problem

Pretty amazing, isn't it? (YOU’RE DAMN RIGHT) That's why this will be the
single biggest announcement EVER to hit the real estate
industry this year “AND YEARS TO COME”. My phone has been blowing up

Tuesday, September 22, 2009

I had meetings this morning with people that are living in a financial fairy tale!

Are You Living a Financial Fairy Tale?

Once upon a time, there lived a red-blooded American who was taught to study, work hard and save money in order to succeed. Assured that health, wealth and happiness would soon follow he set out to earn his way in the world with a blushing bride and bouncing baby by his side.

On the path to progress he found it increasingly more difficult to accommodate the ever changing workforce but thanks to modern machinery, his blushing bride was able to join him in the work force while leaving the baby with relatives. Their combined income was sufficient to take an annual vacation, send junior to summer camp and still have enough remaining for a few luxuries now and then.

But alas, all was not well in the land of the red, white and blue. Each year taxes took more of the combined household income while the cost of living continued to rise. The “tax free” date moved from March to April and eventually to the end of May before the average American began to earn money that would not go toward paying taxes. The husband and wife worked harder than ever as they were forced to become more productive and do the job that used to take two or even three workers. Left to his own, Junior skipped school, didn’t do his homework and routinely got into trouble. The once happy household was left tired, tense and terrified of their financial future….but why? Simple. They failed to understand the changes taking place in the world around them.

Find out if you are living a financial fairy tale or truly understand the economic reality surrounding you and your family with these simple questions:

1. Do you have more than one source of income that is not based upon working for a living?

2. Are you financially dependent upon two or more people in the household earning an income in order to pay your basic bills and set aside funds for investing?

3. Do you regularly sit down and calculate the tax consequences of working over-time, accepting a promotion or other “wage increase”.

4. Are you properly positioned for defensive economic earnings should the government increase taxation or withholding on benefits like health insurance, 401k or other long term investments?

5. Do you regularly calculate the cost of inflation five, ten and even twenty years into the future when establishing your savings and investment goals?

6. Are you hedged against liability, lawsuits and the threat of loss for both your personal and private investments?

7. Do you understand the “need for speed” when it comes to investing in tough times? Remember, the time value of money changes...make sure your investment methodology does too.
Short sales can help you achieve financial self-sufficiency without working yourself into an early grave. It’s one of the last remaining avenues available to average Americans searching for sensible investments in uncertain times.

Monday, September 21, 2009

New Home for Sale!! 145K Everything New!!!

This home has it all! If interested contact me directly to schedule showing!

Features: 3 Bedroom / 2 Bath, 1400 Square feet. All new throughout, with upgraded Cabinets, High End Carpet, Tile accents in both Kitchen and Bathroom. Stainless Steel Appliances, high effeciency Washer and Dryer, the works. This home will cashflow from the beginning, 100% Financing available.

This will sell in less than a week so intrested buyers need to have there offers in today!!

Monday Morning Heads up and thoughts to keep my salaried monkeys at the bank happy!


Ticking away the moments that make up a dull day
You fritter and waste the hours in an off-hand way
Kicking around on a piece of ground in your home town
Waiting for someone or something to show you the way

Tired of lying in the sunshine staying home to watch the rain
You are young and life is long and there is time to kill today
And then one day you find ten years have got behind you
No one told you when to run, you missed the starting gun

And you run and you run to catch up with the sun, but its sinking
And racing around to come up behind you again
The sun is the same in the relative way, but you’re older
Shorter of breath and one day closer to death

Pink Floyd

Stop & Ask…Are You More Wealthy Today than Yesterday? What about a year ago? Do you have more time and money? How are you really doing in this race we call life?

According to a Census report released a few weeks ago, most Americans are not better off than they were a few years ago…in fact, the median family income fell by over $2,000 annually.

What’s even worse, this news reflects census data from 2007 – the most recent data the government has compiled. Stop and allow this to sink in a bit; median household income actually fell by $2,000 during a relatively steady and prosperous economic era. Once you factor in inflation, the number was even worse…bringing the typical family down to pre-1998 levels. Just imagine what is taking place after the recent rise in unemployment, downsizing and other cut-backs.

Here are a few relevant facts every short sale investor should keep in mind:

U.S. GDP shrank well over 2% while unemployment races toward double-digits.

The median household income – not adjusted for inflation – fell to $50,300 in 2007 and is expected to drop substantially more once data for the current economic downturn becomes fully available.

Over 13% of Americans lived in poverty by 2008...a point higher than during 2007 and expected to climb substantially during 2009. For those fortunate souls that don’t know what the official poverty level is...hold on to your hat; it’s a mere $22,025 per year for a family of four! Yes, you read that right…for a family of four persons.

Should you fall on tough times, what type of help can you expect to receive from your good old Uncle Sam? Maybe $400 in unemployment benefits for a few months but even those will be reduced by any amount you make by working. Ditto goes for food or other forms of assistance assuming you can even qualify. The simple truth of the matter is that many people fail to “qualify” for any form of assistance even during a desperate downturn in their own personal financial situation.

On the other hand, my real estate investors never need to worry about a government sponsored safety net or jumping hoops trying to get by on meager subsidy payments because they have created their own source of income via real estate. Whether buying to hold for the long term or flipping for a fast profit, my investment projects have generated substantial income potential far above and beyond that of the typical American family. Case in point, the average rent for a 3 bedroom home is $820 per month or $9820 per year. Just five paid in full properties could generate nearly enough rental income to equal the median household income exclusive of price appreciation. Better yet, that same income does not require getting up five days a week to spend most of your time in a cubicle or other 9 to 5 grind plus provides distinct tax advantages.

Take stock of how you are spending your time…it is productive and leading to the creation of real wealth that allows you sufficient time and income to enjoy life or are you merely getting by while growing older, broke and one day closer to death?

Why wait any longer when you have finally found the source of inspiration and information capable of showing you a new and better way? Try it and see for yourself or fall in line behind the rest of the crowd seeking solace from their own quiet desperation.

Sunday, September 20, 2009

Real Loan Modifications That Work!! Don't Waste Your Time With Anyone But Me!!

Tens of thousands of homeowners who were hoping for lower payments are discovering that lenders roll late fees, back taxes or other costs into the principal, sometimes turning a difficult payment into an impossible one. That’s one reason many reworked mortgages are sliding back into default.Monthly payments, on loans modified from Jan. 1, 2008, through March 31, 2009, increased on 27% and were left unchanged on an additional 27.5% according to a recent report by banking regulators. Many modified mortgages fall delinquent (25% to 40%), depending on the type of mortgage.

It's too early to know if this pattern will continue under the Obama administration's $75 billion initiative to get lenders to reduce monthly payments for homeowners struggling to make their mortgages.

A total of 360,165 mortgage modifications are now in a three-month trial period under the government's plan announced in March. But the initiative focuses on reducing interest rates rather than cutting principal. "Payments have [either] gone up [or] the payment relief can last for the first few years and then go up (again)," says Alan White, assistant professor of law at the Valparaiso University School of Law in Valparaiso, Ind.

FDIC details mortgage payment reductions

Yesterday I mentioned an “urging” by the Federal Deposit Insurance Corporation (FDIC) directed at its loss-share partner institutions to consider temporary mortgage payment reductions for unemployed borrowers. A spokesman for the FDIC offered further clarification: “Servicers may provide the borrower with at least six months of payment relief…The term [of] forbearance may vary based on the borrower’s circumstance.” The program reaches out to both the unemployed and the underemployed, and applies to borrowers who suffer a reduction in household income due to decreased hours, loss of job, or a qualifying pay cut. Acquirers of failed insured institutions who agree to a loss-share arrangement must abide by the FDIC Mortgage Loan Modification program for any assets purchased from the failed bank.

The program provides loan modifications by reducing the borrower’s monthly housing debt to income ration (DTI ratio) to no more than 31%. “The FDIC has a loss share monitoring program responsible for surveillance and compliance monitoring of the assets covered in the shared-loss agreement,” the spokesperson said. “In this oversight capacity the FDIC will review loss share servicers forbearance policies and ensure compliance with the shared-loss agreement.”

GAO looks at alternatives to Fannie Mae and Freddie Mac

The Government Accountability Office (GAO) is scrutinizing some of the proposed alternatives to Fannie Mae and Freddie Mac, now both in conservatorship. The alternatives include reconstituting the GSEs as for-profit corporations with government sponsorship and additional restrictions. According to the GAO, this option would effectively add controls to minimize risk in the system; eliminate or reduce the GSEs’ mortgage portfolios; establish executive compensation limits; and completely convert the GSEs from shareholder-owned corporations to lender-owned firms.

This model is not entirely without risk, however, as investors might be unwilling to invest capital in reconstituted enterprises unless the Treasury Department assumed responsibility for losses incurred during their conservatorship, GAO said. “Continuing the enterprises as GSEs could present significant safety and soundness concerns as well as systemic risks to the financial system,” GAO said in the report. “In particular, the potential that the enterprises would enjoy explicit federal guarantees of their financial obligations, rather than the implied guarantees of the past, might serve as incentives for them to engage in risky business practices to meet profitability objectives.”

For Those of You That Can Afford Your House, Here Is How I will Help.

Everything Handled By Attorney’s

New Federal Program Guidelines for
Loan Modifications**:

Home owners are allowed to modify their home loans only once.
With Federal Subsidies the mortgage payment may not exceed 31% of household income.
Interest rates maybe as low as 5%.
Length of loan term may be extended to 40 years.
Loan must have been made before January 2, 2007.
New Federal Program will end December 2012.
Federal Government will provide an incentive for making your mortgage payments on time.
** Information obtained from the Untied States Treasury Department.

Take a few minutes. Give us a call. We will analyze your case and pre-qualify you for a loan modification free of charge.

As low as $ 2500

Modified mortgages still defaulting



" No one changes Anything, without risking Everything"

Saturday, September 19, 2009

It's Saturday Morning, I just watched the News and The lies motivated me to update my Blogg!!

I've heard it all.

But the 3 biggest whoppers keep coming back, over and over again.

#1: The recession is over. (Ha,Ha,Ha)

Right. We believe the media about as much as we do the politicians. It isn't over with unemployment numbers still piling up, new bodies on the heap every week. And foreclosures still hitting record highs (no, "slowing slightly" doesn't count - they're still growing every day!).

#2: The stock market's recovering. (If that is what they call recovering, I am sure glad I don't buy Stock)

If so, it's the worst "recovery" in history. Stock markets in China and Europe are delivering up to SIX DOLLARS IN PROFIT for every ONE ours is!
Why? Our economy still has tons of bad subprime loans, thanks for all the greedy politicians and bankers.

Other economies may be saddled with dunderhead politicos too, but not subprime defaults. Our stock market is limping along like an anemic bum in the gutter, looking for bottles to turn in for change.

#3: Foreclosures are down. (if your an idiot that buys this, get off my Blog now!)

What a spin-job that was! We simply threw a few less houses on the bonfire this month than last. Does that mean there are less? No!

In fact, if you compare it with the same month of the previous year( check realtytrac), when the economy was crashing big-time, the rate is UP 18% this year!

If you search out media stories in the Great Depression,they also constantly broad casted "recovery is just around the corner."

For 8 miserable years.

Look, you can actually make a ton of cash in these bad times and the worse ones to come. Truth is, there are more millionaires made in recessions than any other times. The main reason being, when things fall apart, there are smart people (like me, our my partners) positioned to pick them up...