Forclosure information

LOSING THE BIDDING WAR FOR FORECLOSURE HOMES? FIND OUT WHY??? We have ADVANCED NOTICE OF COMING FORECLOSURES WITH OUR BANKS, AND A SYSTEM OF WRITING CONTRACTS THAT GET ACCEPTED! Would you like that?
My team specializes in Foreclosure and Short Sale homes here in the metro Phoenix Real Estate Market. Since Spring of 2009, we have been experiencing multiple offers for our Foreclosure homes and been involved with bidding wars for our buyers trying to purchase foreclosure homes.
Getting out bid was very disappointing, I am sure you would agree. We realized that we get Advanced Notice to our Foreclosure listings and because we are working with several banks, we can see thier coming soon inventory too. We started marketing the homes before they were listed. It worked great. We sold many of our own listings. Many of the top Foreclosure agents are friends of mine, we meet at special conventions for top selling agents. They share their coming soon inventory with us, adding more Advanced Notice.
We started noticing that the banks didn’t always take the top offer. So we started tracking what made a difference. From there we put together a system of writing offers the way the banks like to see them, so they get accepted. Together with the Advanced Notice to the bank owned Foreclosure homes we call this our “Unfair Advantage.”
Recently we secured homes for 3 different buyers using this system. They were not the highest offers, nor cash offers, but their offers were selected.
Hi I’m Jeff Cameron with Keller Williams.

After plunging as much as 70%, the real estate market is on Fire. According to ASU Phoenix Foreclosure prices appeared to have bottomed in Spring of 2009. Some areas have seen huge bounces in values. Interest rates low and great deals all over.

So let me ask you a question: Why haven’t you found just the right home yet?

The biggest reason is that you aren’t working with an agent who has direct access to bank owned homes and foreclosures before they hit the market. You know the ones that are coming soon.

I would bet that every time you find that great house on all those endless websites you’ve been searching, its gone. SOLD!

So what we’ve done at The Cameron Team is we have created our Elite Buyer Group, for buyers that are really serious about buying a home today.

Go a head, give us call. If you are serious about finding your perfect home and your criteria meets what we are looking for in home buyers or investors, we can be a great match.

We have limited our Elite Buyer Group to 10 buyers that are very serious about beating everyone else out to those great deals today. We give our buyers, what we call the Unfair Advantage. Which includes advanced notice to bank owned homes and a system of writing offers in the way banks want them – So they choose them.

You see Eric was in our Elite Buyer Group, his offer wasn’t the highest and it wasn’t cash. But with the Unfair Advantage on his side, his offer was selected over all the others.

If you are interested in getting off those endless websites, actually finding a great deal and having an Unfair Advantage, now is the time. Remember we are limiting our Elite Buyer Group to 10 serious buyers.

I look forward to speaking with you!

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http://www.moreinfo.WhyBellaHomes.com Bella Homes a GREAT opportunity for all parties involved! CONTACT us today 888.564.5324

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I see adds every where and people after people selling book after book about buying foreclosed homes. Is this a really good time to buy or is it another person ripping people off?

I want info on this and who ever gives best info will get the best answer cuz I really want to know.

Most of the time it is a rip off to sell their books and programs.

If you buy a foreclosed home, you pay the seller, the taxes and repair costs. (unless you know home repair or have your own company it can be guess work at best or a disaster waiting to happen.)

After settlement costs and than fix up costs than more settlement costs to a Realtor to sell it who is licensed in the State and bonded for screw ups, what is left is profit. If you have to pay contractors to do the repairs and a property manager to maintain the place till it is sold (unless you live in the same city) or want to commute every week to check on it – all this comes out of the profits.

It can be done – but flipping houses is not cheap and not always a profit if you get the wrong place.

http://www.buyingpalmbeachhomes.com/category/boynton-beach/equus/

*BANK OWNED* LUXURY ESTATE HOME IN EQUUS. Perfect Move in ready pool home in Equus, Boynton’s Premier Equestrian community. Enjoy this quality gated home and amazing resort style amenities including a 7,000 sqft clubhouse with, pool, billiards, and fitness center.

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**Call Susana Wilson (713) 254-4759
4 Bed / 2 Bath / 2 Car Porte Cochere

DIRECTIONS: 288N, 1 mi past FM1462, Subdiv on right-pass Subdiv on 288, Right on CR-60, Right@ Stop Sign (Green Valley Dr.) curve along 288 feeder, make left into Subdiv entrance (PALM CREST), 3535 on left!

BANK-FORECLOSURE. This property is an REO (Real Estate Owned). Check out the price per SQFT on this custom stucco country home in Palm Crest! Beautiful home on almost half an acre! Builder’s own, tall doors, open living room with gas fireplace, open concept kitchen, four bedrooms and Dining Room/Study! Drive through two car detached garage with Porte-Cochere! Feel the breeze from the side of the house and enjoy the pool sized yard with covered patio and stucco fence! No front/back neighbors! PALM CREST LAKE and Park located across the street. Exclusive PALM CREST Subdivision OFF HWY 288 N, just past FM 1462. Subdivision Restrictions available upon request. Won’t last long! MUST SEE! For More Information please call (713) 254-4759 or Go to http://www.360vtv.com

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Dan and his family lost their home due to broker’s lies and avarice

We must put a personal face on foreclosure, and we must take action if we have any chance of preventing millions of people from losing their homes. Have you been affected by the housing crisis? Do you know anyone who has? We’re asking you to record your story, or the story of a friend, family member, or neighbor, and send it to us in a video or through a written submission. We’re collecting stories to display on http://FightingForOurHomes.com.

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**Call BOB PELTIER for more information (979) 849-1238
4 Bed / 2 Bath / 2 Car Porte Cochere

DIRECTIONS: 288N, 1 mi past FM1462, Subdiv on right-pass Subdiv on 288, Right on CR-60, Right@ Stop Sign (Green Valley Dr.) curve along 288 feeder, make left into Subdiv entrance (PALM CREST), 3535 on left!

REMARKS: This property is an REO (Real Estate Owned). Check out the price per SQFT on this custom stucco country home in Palm Crest! Beautiful home on almost half an acre! Builder’s own, tall doors, open living room with gas fireplace, open concept kitchen, four bedrooms and Dining Room/Study! Drive through two car detached garage with Porte-Cochere! Feel the breeze from the side of the house and enjoy the pool sized yard with covered patio and stucco fence! No front/back neighbors! PALM CREST LAKE and Park located across the street. Exclusive PALM CREST Subdivision OFF HWY 288 N, just past FM 1462. Subdivision Restrictions available upon request. Won’t last long! MUST SEE! For More Information Call Susana Wilson at (713) 254-4759 or Go to http://www.360vtv.com

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How You Can Avoid Foreclosure Scams. Please visit MakingHomeAffordable.gov

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http://www.MtgModExperts.com Mortgage Loan Modification Services. We can help stop foreclosure by using mortgage loan modification. Log on to speak with one of our loan modification experts today!

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http://realestatemarketingthisweek.com – The pitfall of forcing your bank to rescind your loan for lending violations when in foreclosure –

Part 8 – I have a question on that, it is my understanding and I could be wrong, but they don’t need a copy of the note, they need the original note.

You are correct. Your attorney of course will get a copy, because they are not going to send them the original.

Items that your attorney is going to ask for, and I forget the number, I think its 47 different items that the attorney could ask for. Heres one. I’ve been in the industry for 20 years and I just heard this term a couple months ago, it’s known as an alonge. What the heck is an alonge? Well apparently it’s one of the documents that has to be in the file.

While essentially the whole purpose of this is to catch the bank, the lender having messed up your loan somewhere along the way. Because if it is true that they violated some kind of Federal Law in the past when they gave you the loan or are in violation of the loan now, you can then take them to court. And you can sue them. You can have your loan rescinded. Which basically means it comes off your credit report. This loan never happened. As good as that sounds that may not be the best thing for the home owner.

I want to back up just a little tiny bit, you mentioned the alonge, there’s more to the alonge then it sounds like. The bank needs to have the original alonge, more importantly, the person who signed the alonge has to have been authorized by the licensed entity to sign that alonge. And I know for a fact that several people in this town, in this industry, were signing alonges because they needed it signed before the loans could fund. And they were not qualified to sign.

So let’s go back to this discovery process, when we find the lender has to rescind. And I will admit after being in the real estate and mortgage industry for over 20 years, I would have to say that almost 100% of the loans that are originated, if you look at them hard enough you could find something wrong with them. Something wrong, where there could be a reason for you to rescind this loan.

So let’s say you go to that point and push it and get the bank to rescind your loan. Here’s the problem. The loan is gone, it is no longer on your credit report, but let’s say you have a $200,000 loan you took out two years ago, in that time, you would’ve paid about $35,000 in interest. You get a credit for the 35,000, and let’s say you had attorney fees to fight the bank, let’s say $10,000, I don’t think it would be that high but we are just throwing out numbers here. And $5000 in closing costs when you bought the house, so that total is $50,000. You get a credit for $50,000 off of the $200,000 loan, which means you still owe $150,000 on the house. You have to pay the difference.

You have to pay back to the bank $150,000. So its nice that we filed suit and won but frankly in this market where are you going to get the $150,000 from? I think it would be very difficult to find a bank or lender right now that will lend you $150,000 for your house. Chances are you may be several months behind on your payment and although the lender cant show your payment history because the loan was rescinded more than likely the new bank is going to say they need a mortgage payment history. And you say you have been in the house for two years, but the loan got rescinded and they say you need payment history, you cant produce it.

In this marketplace today you are not going to get that loan done. And so the attorneys know that and that’s why once they get the lenders attention they say to the lender, we dont want to rescinded the loan, we dont want to incur a ton of attorney fees but we will if we need to, if you dont want to play ball with us. What we want to do is to work together to get the best possible loan modification for our clients. So we can keep them in their home, keep their family intact.

The reality of a it is, here what we are doing we are working with a national network of attorneys that care about you and you first.

You can go to http://mortgageanswerman.com where there’s going to be information about everything including, one thing I’ll add really quickly. I have something there that is known as a Decision Matrix. The Decision Matrix will walk you through step by step by step, every single step of the process regarding what you should do with your property, should you do a short sale, should you do loan modification, should you just let the bank foreclose? Is bankruptcy an okay idea for you, or not? What are the tax consequences?… http://realestatemarketingthisweek.com

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