WHAT A WAY TO START OFF THE MONTH, AFTER THIS I NEED TO GET REFOCUSED

TARP and HAMP failed to halt foreclosures! (Really, did anyone really expect a government program to come through)

In his latest quarterly report to Congress, special inspector general Neil Barofsky said that the Troubled Asset Relief Program, or TARP, has failed to boost bank lending as well as halt the spread of foreclosures -- two key aims of the sprawling program. "Whether these goals can effectively be met through existing TARP programs is very much an open question at this time," Barofsky said in the report. Since Congress enacted TARP, lending to both consumers and businesses has continued to decline. Earlier this month, the Treasury Department reported that the 22 banks that got the most aid from the government's various bailout programs have actually cut their small business loan balances by $12.5 billion since April. "For those of you new to reading between the lines, this is the money that would typically be given to private entrepreneurs and business to reinvest and employee people"

The Obama administration did propose a joint program between the Treasury Department and the Small Business Administration in October to make capital cheaper for community banks that commit to increasing their small business lending, but three months later the government is still drafting guidelines for that initiative. Barofsky, whose office has been closely tracking the evolution of TARP, also criticized the Obama administration's Home Affordable Modification Program. Even as Treasury allocated $35.5 billion towards that foreclosure-prevention program as of the end of last year, only 66,500 homeowners have received permanent modifications, with another 787,200 homeowners in trial modifications. There is no sign that the rate of foreclosures is slowing down anytime soon.

OK Kids lets do the math to make sure everyone understands the numbers:

$35.5 Billion (9zeros) / 853,700 modifications (ya we believe these numbers) = $40,998.00 per mod.

PLEASE NOTE LESS THAN 10% OF ALL INITIAL MODIFICATIONS MAKE IT TO PERMANENT DUE TO FAILURE TO MEET OBLIGATIONS. LOOK AT THE NUMBERS AND SEE THE TRUTH 787,200 IN TRIAL ONLY 66,500 MADE IT LAST YEAR INTO PERMANENT

SO WHERE DID ALL THE MONEY GO? CAN YOU SAY GOVERMENT, BANKS AND THE EMPLOYEES

Earlier this month, RealtyTrac, the online marketer of foreclosed homes, reported that foreclosure filings surged to a record 3 million in 2009, up 21% from 2008.

There was at least one bit of good news from Barofsky's latest report however. He acknowledged that while the ultimate cost will still be "substantial" for American taxpayers, it will be less than originally estimated. (HEE HEE HEE, IF HE CALLS THIS GOOD NEWS I WOULD HATE TO SEE WHAT IS BAD NEWS)

Private Investment (Cash, IRA, Stock or 401K) 9-15% Return on a "120 day" Investment

High Return Lowest Risk Investments "That You Control"
Why Private Money Investing Now?

This economy has created the perfect “storm” for Private Money Investing. With foreclosures at the highest rate since America was founded. Real Estate investors are seeing prices at an all time low. The problem most investors are facing is the lack of funding or private financial partners to make money with in the best market in history.

Ask yourself this simple question: Where are the 4 Million plus people that filed or lost there house to foreclosure this year (2009) going to live?

The Answer is simple: Investment properties....


Conventional lenders have significantly limited their programs on investment houses. Banks simply aren’t making investment loans right now. Investors are desperate for funding and have turned to private lenders for cash. Private lenders are earning higher returns on their money than ever before.

If you’ve been looking for an alternative to market investing or looking for the high returns from real estate, but would like to avoid the hassles of owning real estate; private money lending is the answer.

So, what is a Private Money Investing?

It is a loan made to a real estate investor that is secured by real estate.

Private Money Loan Investors are given a first mortgage that secures their legal interest in the property thus securing their investment. With my program the private investor has the first lien (ownership) on the property, is on title and the rehab draws are dispersed after each level of construction is completed.

We are not talking about high Loan-To-Value (LTV) ratios the banks and savings and loan institutions make on homes. We offer low LTV ratios to our Private Lenders to increase security of the loan. Our standard LTV ratios are under 70% of the value of the property securing the loan and frequently as low as 60% to 68%. This means additional security on the investment

Private investing offers:

 Steady Consistent Monthly Cash Flow
Payments can be made monthly, quarterly or annually

 More security Than Any Wall Street investment
All investments are secured by real estate; as well, as a personal guarantee

 9 to 15% Annual Fixed ROI
Current rates @ 12%

 Investment Control and Portfolio Diversity
Investments start @ 25k with no max.

 Short or Long Term Investment Opportunities
Investment terms range from 4 to 36 months


S/E Directed IRAs and 401Ks are welcome

--
Sincerely,


Founder
mn.equityproject@gmail.com


http://adamaboroughs.blogspot.com

http://mortgage-portal.biz/_renovation/

" No one changes Anything, without risking Everything"