REO -
Bank Owned Homes
A Tidal Wave Of Hurt Is Rushing Toward The Real
Estate Market... Get Ready To Scoop Up The Raging
Profits In...
Banks will
soon be almost GIVING AWAY homes!...
Please
give me 4-minutes to explain exactly why banks will
soon be drowning in foreclosed homes and why they
want to dump them at huge discounts!
It's happening before your
very eyes! The real estate bubble in the U.S. is
bursting!
Yes, but
what does
that mean to you? Well, one of the
greatest periods of wealth building opportunities in
the last 70 years is about to drop right into your
lap.
But first you need to know
this...
 Suicide Loans
Bash Borrowers
What's behind this real
estate collapse? It's those crazy loans you been
reading about, not to mention a whole lot of
mortgage fraud. You've seen the lender ads...
"Zero
down, Adjustable Rate, 125% of Value, Interest Only,
Bad Credit OK"...
I call those
"Suicide
Loans". Signing for one is like financial
suicide!
Here' s just one example of
what's happening to thousands of homeowners that
got trapped into those deadly loans...
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Bob and Betty
homeowner felt very smart when they traded
in their fixed rate 5.25% mortgage loan for
an adjustable rate mortgage. The new ARM
loan would cut their monthly loan
 payment
in HALF!
Oops! Bob and Betty
did not stop to consider that the new loan
could adjust UP as well as down. After a
few months they were heartsick when they
learned that their loan's interest rate was
no longer 5.25%... now the debt was
compounding at the crushing rate of 7.68%
and climbing...
But it's even worse
than that!...
It turned out that
half of the payments they were making were
just minimum payments. They covered
the loan interest only with
not
one penny going to reduce the
amount they owed.
They were stunned
when it hit them that each year while they
thought they were saving money, they were
actually
dumping an extra $7,200 on top of
their original debt. They had been going
BACKWARDS financially!
Hold On -
There's More Bad News
If Bob and
Betty had read the loan's fine print they
would have been shocked to learn that they
were signing up for a "special"
kind of loan. Once they had piled on a
certain amount of unpaid interest debt, the
payment schedule "resets" and their monthly
payment leaps to the full amount,
regardless. |
(Names changed to
protect the former homeowners.)
Dirty
Little Secret Exposed!
But it's
not just a few "Bob and Bettys" who are in trouble.
Up to 80% of
those suicide loans are now headed for
potential foreclosure. People are beginning to lose
their homes... and that trend is growing.
That's
just one of the dirty little secrets of the property
boom...
When a
mass of homeowner's can't make their mortgage loan
payments the banks and lenders are forced to
FORECLOSE!
Oh boy, that's when YOU
should sit up and take notice!..
When there are thousands of
foreclosure sales every month there are not nearly
enough bidders to buy them all. Banks
end up owning
tens of
thousands of homes....
Remember
The Disastrous 1989 Crisis?
Over 1,000 banks were in
trouble as that bubble burst. That was awful, but
just look, this time tens of thousands of first-time
buyers, home-equity borrowers, house flippers and
inexperienced "investors" have piled into
those crazy loans...
 This
is shaping up to make the crash of 1980s look like a
day at the beach.
As long as house values went
up people kept jumping into the easy money machine.
But now home values are falling and it's time to pay
up.
Thousands and thousands of
loans will be "resetting" at higher rates driving
monthly payments to the sky... and the number of
defaulting homeowners will grow like a California
wildfire.
Flash:
U.S. foreclosure filings in May nearly doubled in
comparison with last year. According to a RealtyTrac
report notices of default, scheduled auctions and
bank repossessions in
May were up 90% year over year, and up 19% since
April.
The Mortgage Trap
Jaws are Snapping Shut!
All of those subprime
borrrowers are truly caught in a trap. They can't
afford to make the new, higher payments and they
can't sell because there is nobody willing to buy at
the prices they must ask. Most of the
borrowers are "upside down"... That means they now
owe more on their mortgage loan than their home is
worth.
Nearly 1 out of every 4
borrowers has one of those suicide loans. In
some areas of California the number runs as high as
80%.
Things are getting so bad
that over 50
subprime lenders have gone bust so far this
year, because borrowers can't make loan payments.
The foreclosure rate is
climbing. Mark my words... soon new records will be
set in the number of homes being foreclosed upon.
Why should you care? Keep reading...
Banks
Hate REOs With A Passion!
A tidal wave of forecloses
means banks will soon be swimming in homes they
don't want. These bank owned homes are commonly
called REOs. That stands for "Real Estate Owned".
Banks end up owning those
homes when no bidder at the foreclosure auction is
willing to pay the bank's price.
Banks are in the business of
making loans... not managing real estate. They
don't like those REOs and they don't want'em. It
costs them big bucks to manage and mantain all that
property.
It doesn't take long for the
bank's stock holders to start screaming about
the costly REO expenses eating into profits. That's
when the bank boss begins
price slashing and dealing like a hungry used
car dealer....
How
To Rob A Bank Without A Mask!
Now is the time an informed
real estate buyer like yourself can become a legal
bank robber. If you know what you're doing you can
buy homes from banks at
below market
value.
As a bank's inventory of REOs
climbs history shows there will be many chances to
buy at HUGE discounts... if you know the inside
workings of the REO business...
How can you get into the
game? I am so glad you asked... I have just
written a
detailed guide to scooping up these fat
REO profits. I call it ...
"Raging Profits with
REOs"
Yes, I know that's an "in your face"
title, but this
opportunity
is so hot none of us can afford to be shy
about it. Plus...
This REO ebook explains the whole
deal in simple terms anyone can understand in a
tight 67 pages packed with 17,556 words. This is
your rare chance to learn...
 Why
do banks hate REOs.
How
to find REOs online.
Learn
4 ways to find REOs.
Bank
owned homes explained.
How
to buy with minimum risk.
What
is a bank's credit bid?
Why
every REO is not a good deal.
What
to say to the REO manager.
How
to use the MLS to find REOs
A
plan for buying REOs without cash.
Why
banks sell REOs at large discounts.
3
ways to contact a bank about their REOs.
The
danger of the IRS and the 120 day rule.
Must
you always buy an REO "...as is"?
Why
REOs are an untapped source of wealth.
The
REO buyers advantage over foreclosure buyers.
Why
did the property not sell at the auction.
The
advantages of buying bank owned property.
The
difference between a foreclosure and an REO.
What
is PMI and why does it work in your favor.
The
big opportunity with out of state mortgage holders.
The
7 big reasons why banks want to sell REOs quick!
How
property needing minor repair can mean extra profit.
Do
not buy for more than ____% of a property's value.
Free
online home value webs site you must avoid.
How
timing plays an important role in getting the best
deal.
Why
flipping is the key for those who have little cash.
What
you should know abut the REO purchase contract.
Where
to get a reliable free estimate a home's value.
Why
you must always personally inspect the property.
A
formula for determining of the deal will be a
winner.
Understanding
the bankers problem for the best deal.
Spot
properties with the most profit potential.
Signals
that can tell you what the bank expects.
A
rule of thumb for estimating closing costs.
The
3 steps you must follow before your offer.
When
the bank will finance your purchase.
Choosing
a real estate agent to save time.
Why
you must always buy hazard insurance.
How
to flip REOs for cash flow.
Why
some REOs are time wasters.
How
to make your purchase offer.
REO
negotiating tactics.
....much more.
That's just a
peek into "Raging
Profits with REOs!"... A
mountain of information tightly packed into
67 enlightening pages. An astounding
17,556 words of REO buying tactics for one
low price. I told you this was big...
But
wait!!... There's more...
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FREE BONUS PACKAGE
I
want this to be one of the best buying
decisions you've ever made, so I am
including a...
Big Fat Bonus
Package!
This killer bonus bonanza includes:
1.
How To Find REOs Online
(Value $25)
In Raging Profits
with REOs I give you 4 solid ways to
find REO property. One of them is how to
find exciting buys from the comfort of your
own home using you computer and the
internet.
To give you a jump start, in this bonus
package, I am including my exclusive list
of bank and lender web sites that list their REOs for sale. Many of these even feature
photos of the properties they are
offering.
The hot news is that these listings give
the NAME and TELEPHONE number of the bank's
manager who is responsible for the
property. When you begin dealing in REOs
you will quickly learn that finding those
names and numbers is like finding gold.
Plus... in
this bonus ebook you will find a list of
"asset managing" companies that list
properties online. I am not going to
explain that here, but it's something you
will learn about in this ebook.
2.
Assignment Document
($12)
In Raging
Profits with REOs I explain how you
can get started profiting with bank owned
homes using just a few hundred dollars in
cash. You do that by "flipping" a purchase
contract to a cash buyer for a quick sale.
That just
means that you find and negotiate the
purchase of an REO. Then you sell the
contract to a buyer or investor for fast
cash. When you are able to buy property at
deep discounts there is plenty of profit for
all parties in a flip.
In this
bonus package I am including an Assignment
form to make the paper work of a flip quick
and easy. The contract is in Word format,
so you can just pull it up on your computer
screen and quickly fill in the few bits of
information needed.
 Plus...
I will lead you to a directory of real
estate investor clubs where you can find
potential cash partners to fund your REO
buys.
3.
inqVista Software
(Priceless)
"inqVista" is an easy to use data and image
storage program that is ideally suited for
keeping track of REO properties. It is a
simple non-relational database that includes
calendar, clock, timer/alarm and more.
"inqVista" software has many features, but
it is most attractive because it is user
friendly & can be modified extensively even
after you have entered data.
"inqVista" is easy to use software that will
help you track information about each REO
property that you target. It is the perfect
place to keep property inspection notes. If
you are not able to negotiate a purchase on
your first try your notes will be invaluable
for every follow up buying attack.
You can even even store photos of each
property and call them up with your
inspection notes to remind you of the
property's design and condition.
 Yes,
I know it's surprising, but all this is
included at no extra cost in your BONUS
PACKAGE!
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A Screaming
Chance of a Lifetime!
Have you taken the time to read EVERYTHING up to
here?
If you
have you will understand that this is not just
another one of those wild "get rich in real estate"
schemes. Yes, just as in the last real estate
crash thousands of alert investors will become
very wealthy
with REOs, but there's more to it...
You
may not want to devote yourself to property
investments and I understand that. It's not for
everyone. But how about that
luxury home
you've always wanted to provide for your
family?
I'm talking about one of those million dollar homes
with 5 bedrooms, 5 baths, a home theater, a 5 car
garage on a lushly landscaped acre or two.
Chances are even luxury homes will end up as REOs in
your area and they may be available for a fraction
of their original cost if you understand how to deal
with the bank. Many consider this alone to be the
opportunity of a lifetime.
Can
YOU?... Afford To Be Left Out Again?
Admit
it!... You've refused offers like this in the past
and then kicked yourself later.
This
time I've set a price so low only the most dedicated
couch potatoes can pass it up...
Let me ask you... What should you
expect to pay for an exclusive guide into what just
may be developing into the
greatest buying opportunity of the last 50 years?
If you can find another REO course
I'll bet it's priced at $95 to $350 or more, right?
Now, I could do the same. I could punch my offer up
with a lot of fluff, read some of the pages into a
recorder and include CDs... and maybe even a video
of some REO properties.
Some do that just so they can show a
photo of a big package of "stuff" you get for your
$350. I refuse to dangle that kind of bait in front
of you... BECAUSE YOU DON'T NEED IT!
Sweet
REO Profits Waiting to Be Plucked!
Every bit of information you need to
get started buying REO property, often for deep
discounts, you will find in the 67 pages of "Raging
Profits with REOs!"... Over
17,556 words that you can read in a couple of hours
and have a firm understanding of the step-by-step
system.
Before I tell you the cost of
"Raging
Profits with REOs!"...
I want you to remember that just one idea from this ebook
could put thousands of extra dollars into your
pocket.
That would certainly make this ebook
worth any price... BUT because I want you as a long
term , happy customer I've priced it at just $47.
Please, don't get the wrong idea. Just because $47
is about equal to one fairly good seat at a ball
game, don't for a moment believe you won't be
getting big value for your money.
Here at CFI we are famous for
offering more for less. We are pleased to report
that our refund rate is a mere 2%. A record like
that
proves this guide offers you incredible value.
 Delay
Can Mean Failure!
You
don't have to think it over, you don't need anyone's
permission... you're one of the few who now understand exploding opportunity that is
developing with REOs...
If
you leave this page without investing in "Raging
Profits with REOs!"
research shows you only have a 12% chance of ever
finding your way back... you will have thrown away
a golden opportunity!
Hear
me as I say this again... The
gigantic REO
opportunity is just getting underway. Jump
in now, at the beginning, and smile all the way to
the bank.
Here's how to order
plus get your 3 free bonuses.
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P.S. Remember with this special offer you
are getting a 67 page ebook that explains how to
buy REO homes at a discount... sometimes huge
discounts!. It's all explained with 17,556
words. 17,556 words should convince you that there
is no double
spaced fluff like you get in so
many investment books... no blank pages labled
"Notes". And the information is presented in an
easy to read style that anyone can understand.
P.P.S. Guides to profiting with REOs are
rare and hard to find. Why?... Because during hot
real estate markets, like we've had over the last
few years, banks don't have to discount REOs.
There
are so many eager buyers banks can sell their
properties quickly for full price. Those days are
now screaching to a halt... This is one of the few
up to the
minute guides to profiting with REOs... and
you've FOUND IT! You can literally be reading it
minutes from now (it downloads straight to your
computer - PC or Mac. -(Not for
WebTV).
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