Archive for the ‘Short Sale Investing & Pre-Foreclosure’ Category

Will foreclosures increase or decrease in 2012?

This is a startling statistic and it will likely surprise you, especially since I keep hearing the media speak of the so-called “recovery” and “stabilization” in real estate and because the media seems to think foreclosures are getting better.
Up to 9 million homes may enter foreclosure in the 2012 period,
versus one million in a typical year.
This will send shock-waves through the stock markets and world economy.

It may well be the “dark ages” for homeowners and lenders
alike…and the wave of mortgage re-sets will continue in a
relentless onslaught…with no mercy!

This can equate to 500 billion in lender losses…

Check out this chart from a huge Euro Bank that shows when
the resets are happening for all the exotic mortgages:

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 As you can clearly see, we are entering the last (HUGE) wave
of foreclosures right now. All of these resets will cause
foreclosures in 2012.CLICK HERE to find out how to make money from this
situation
The ARM’s, Option ARM’s, Subprime and Alt-A will be the main
casualties – but the contagion will spread into the prime
classes too!The “Too Big to Fail” banks are under the gun for the shady
practice of “robo-signing,” which covers a wide range of
foreclosure paperwork abuses. This serious “mess” has
launched massive legal probes around the country, including
an investigation led by an angry hive of state attorney
generals which reportedly could end up costing banks upward
of $20 billion in settlements to ripped-off foreclosed
home-owners.

The big lenders will be in the “hurt locker” and desperately
seeking investors willing take distressed residential and commercial
properties off their books…as soon as possible!

As you know, 60% of all Option ARM and ALT-A mortgages that
were originated in the “Sand States” -California, Nevada,
Arizona, and Florida began to adjust in 2009. And I’ve got
news for you…

It’s not over yet by a long shot…

In 2012, it’s going to go through the roof, impacting the
entire nation with pre-foreclosure and foreclosure activity.
Many of the major lenders will hold vast amounts of toxic
foreclosures…and are on the edge of extinction. They are
doing a wild spin into C-, D- and finally E- credit ratings
- and that’s end-game.

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This massive shift has created a huge opportunity for real
estate investors in 2012. Now is the time to tap into this
massive opportunity.

Go here to get the rest of the story:

http://rapidreiresults.com/foreclosurewave

Do not ignore this opportunity or you may regret it for the
rest of your life.

To your continued success,
Marshall
PS: Go here to watch a video that explains the entire
situation and how you can partner up with the nation’s
biggest foreclosure investor:
So, what do you think about the world of foreclosures going forward in 2012 and beyond?

5 Real Estate Investing Videos

I have 5 Free videos for you to watch today as we kick off a BEAUTIFUL day.

These videos will show you how to become a true Transaction Engineer in today’s real estate market.

Go take a look at these 5 Real Estate videos today.  They will not be available for free for long.

http://RapidReiResults.com

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Join Me Tonight For A Revolution in Your Real Estate Marketing

I’m hosting a webinar tonight for you to revolutionize your real estate business.

http://rapidreiresults.com/sellpoint

- How To Inject Your Real Estate Business With Lead Generating Adrenaline Using The Internet to Do (Very Little) Work Once, And Get Paid Forever!

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http://rapidreiresults.com/sellpoint

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Commercial Foreclosures and Commercial Short Sales in Real Estate Investing

I have been writing a great deal over the last few months on my blogs about the current trends in the commercial real estate market.

With the pressure the banks are having placed on them by regulators, they are having to force their borrowers to pay off their loans. This is known as “Accelerating the Loan” in commercial real estate. You can imagine the trouble this causes for the owner of a property.

These may even be performing notes. The problem is caused by the bank looking at their current loans and trying to figure out how they can generate enough capital to get their reserves where they need to be to satisfy regulators.

I guess they feel like if they have a performing note, it is more likely they will get paid off in full if they accelerate that note. To some degree this makes sense. However, for the borrower, this creates a major problem. With lending being as tight as it is all over the place right now, even a performing property may have trouble refinancing.

Admittedly, I’m not a commercial real estate expert.   I have studied it from some of the best trainers out there.   I also network with many people in the trenches every day. What I have learned is so much more exciting to me than residential real estate.

One thing is clear, you need a team behind you if you are going to get into commercial real estate. You should also take the time to learn as much as you can WHILE you are also looking at properties.
Don’t get paralysis analysis, it’s not good for you. :)

Get out there and start looking.
Find a commercial real estate agent in your area, start looking on Loopnet.com and start looking for distressed properties in your area.

Other ways to start finding properties:
1) Look on Loopnet
2) Talk to your local banks (you will need to build a relationship here)
3) Contact a commercial real estate brokerage (Again, relationship building)
4) Go to your local REIA Meetings
5) Contact your local Apartment association
6) Find a meetup group near you
7) Call smaller apartment and commercial property owners to network with (tell them you want to get into the business and ask if you can buy them lunch)

People LOVE to talk about their passion and you will learn a ton from people in the trenches.

If you want to learn more, register for my Commercial Foreclosure and Short Sale Newsletter group. I have a video that a few of my associates put together this week.
It will show you what they are doing to find commercial real estate foreclosures and short sale properties.
Click here to register for my newsletter and I will send you the details for the video.

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Where is Commercial Real Estate heading?…

If you watch any news at all, they are telling you that the economy might be turning the corner.

Well, even if it is, commercial real estate is going to lag the overall economy.

It will be interesting to see what happens in residential real estate over the next 3 months now that the First Time Home Buyer tax credit has expired.

I found this article today while doing some more research on the trends in the commercial real estate market.

It was posted in the Wall Street Journal almost 1 year ago.

“Local Banks Face Big Losses” and spells out some of the challenges local banks are having.

I will be on an informative webinar this Thursday to discuss some of these challenges.

If you are interested in hearing how you can be part of the solution to the commercial real estate foreclosure challenges, go to my sign up page here.

I will send you the webinar registration page on Tuesday, Wednesday or Thursday depending on which day you see this and sign up.  :)   See you on the webinar.

This will be powerful and very informative.

Click Here to sign up:

http://RapidReiResults.com

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Think short sales are dead? Guess again…

The topic of real estate short sales has been a hot topic for many years in the real estate investing world.

There is an opportunity to create a win for the homeowner, the bank and for you as the investor.

See the article below discussing some of the current trends in the banking industry.

http://money.cnn.com/2010/03/29/real_estate/short_sale_explosion/index.htm?postversion=2010032914

I personally have stayed away from short sales for the past year or two because the banks have been less than helpful getting them done.  Some take many many months to get a shortsale approved.

However, there is a new trend in the banking industry due to the financial strain that these bad loans put on the bank and it’s balance sheet.

Guess what, bank regulators do NOT like to see non-performing mortgage notes on a banks books.  It looks REALLY REALLY bad and this is why we are currently seeing between 3-7 bank closings EVERY SINGLE week.  As the problem grows on the banks books, the regulators tend to get a little,  ahem edgy about it.  :)

The FDIC has to insure the deposits at these banks and when they see a bank going South in a hurry, they step in, shut it down, transfer the assets over to a seemingly stronger bank or create a special holding entity until they can find a buyer for the assets.

So, with bank closings increasing at a rapid pace (More closings will occur this year than we have seen at least since the S&L crisis).  See the article below on the S&L Crisis, striking resemblance to what we are going through today.

http://en.wikipedia.org/wiki/Savings_and_loan_crisis

If you would like to learn how to start an ACTUAL real estate investing business helping underwater homeowners to shortsale their homes, save their credit and help them move on, register below for a free video below.

That video will show you how to turn many people’s lives around by helping them
get past the foreclosure trap and still be able to make money as well.

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3 More banks closed on Friday

Well, if you read my post from early Friday, you will see I was shocked to find that the FDIC closed a bank on Thursday.

I honestly have not seen that happen since I started tracking the bank closings more than a year and a half ago.
Well, there might have been a couple, but it would only be caused by a Friday holiday, and then I don’t even remember if there was one.

So, I half expected there to be either a really big bank closing Friday with a few billion $ in assets, but there were 3 smaller banks that were closed.

Nevertheless, we have now totaled 30 bank closing on the year and it is very early folks.
At this rate, we will definitely beat last year’s total of 140 bank closings.

If you want to see the list, just search for “FDIC failed bank list”
You will likely see the link at the very top of the rankings on your favorite search engine.
They have the list since 2000 right there.

Keep an eye on these closings.
If I were you, I would look to see if any have occurred somewhat near your farm area where you buy and contact the acquiring bank.
Let them know you are interested in their REO properties.
Sometimes you will be able to get direct access before they turn them over to a realtor.
It just depends on how motivated the bank is to get rid of them.

Anyway, happy and profitable investing.

By the way, do you want to see what the only niche I know of in real estate investing that over the past 2 years has actually increased in value?
It’s crazy too, around 30%.

Sign up below and I’ll send you to the video.

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What are the banks going to do when they can’t get insurance payouts?

So, the mortgage insurers have decided they are not going to cover the mortgages they already agreed to cover.

====> http://www.cnbc.com/id/35800892

According to this CNBC article, they are using non-payment as a business decision/tactic to try to save money.

I can’t say I blame them, but really, why did they insure the loans? Seriously, this brings up another question I have written about in the past.

Where were all of the “wise” and seasoned bankers when the frothy market was starting to peak? I really don’t understand this.
What do YOU think?

Leave some feedback.

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Short Sales in Real Estate will NOT go away anytime soon

On Friday, we lost two more banks due to them being financially unstable.
The FDIC walked in and closed them down at the end of the business day Friday. It marked the 21st and 22nd banks to close this year.

Last year, we had a total of 140 banks close.
Are you a real estate investor or are you trying to figure out a way to get into real estate in these troubling times?

Despite what some people may be saying in the media, you can still make money in real estate. In fact, when times are their toughest is actually when you can do even better in any type of investment strategy. The reason for that is because all of the fearful investors that do not know any better are still running for the hills to take cover.

One of the greatest things you can do right now is to learn about short sales. In fact, if you want to get into real estate, you simply MUST know about short sales because you will run into potential short sale deals every day in bad economic times.

I would like to help you learn more about short sales.
If you are interested in learning what a short sale is and how you can profit from them while helping the troubled homeowner, put your name and e-mail address below. I will send you a few e-mails with more information to really get you up to speed on short sale investing or pre-foreclosure investing in real estate.

See you on the other side.

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Housing Help for 5 states, why only 5?

Seriously, why is Obama picking just 5 states to help out with the foreclosure crisis to the tune of an additional $1.5 billion???

I do not understand this logic at all.
We already have programs in place to help with affordable housing.
The banks already have loan modification/workout groups and loss mitigation departments.
The banks will already do a short sale which, many times is a better solution for the homeowner than a loan modification. (This is not legal advice either, but the options are there).

See the article below.
http://cli.gs/zgjTyz

The administration and the government as a whole need to focus 100% of their attention on how they can spur the private sector to expand and create more jobs.
The clues are right there in the article folks.
(Hint, it’s not going to happen if you increase taxes)

It is all about jobs, JOBS JOBS!!!!!

We can’t spend our way out of this by throwing money at more government programs and handouts!

The private sector can get the economy going again if they have access to funding.
Right now, they can’t get the funding they need so they are not hiring.
Thus, no one is producing anything and since 10% of the country is not working (Actually much higher if you take into account the number of people that are not looking for work right now), no one is buying anything.

Look at the housing sector. The only reason that housing has had an increase in anything is because of the tax credit for home buyers. Without that incentive (A tax reduction incentive) the housing numbers would be abysmal.

How is dumping more money to save someone’s underwater mortgage going to help the private sector?
The only people that will help in the long run are the government workers (Which we keep getting more and more of) and the BANKS!!!

The big banks all made money last year right?
What did the banks do to actually help the economy though? Nothing.
They did not lend any money out.
We the people forcibly loaned the banks money and they turned around and horded it and bought smaller banks to get more access to your money.

The government needs to help small businesses get more funding and then step back and get their hands off the economy. Don’t increase taxes, don’t overhaul our insurance programs which will increase taxes and greatly expand government. They just need to back off. Spending tax payer money just so you can say we are doing SOMETHING is just plain stupid. Obviously, the stimulus program has not helped. Over the last year, what has happened? Has the economy gotten better? Unemployment numbers haven’t.

One thing the government is doing that I support is they do have some programs to help investors supply affordable housing and to rehabilitate commercial properties. Why do I support this? Because it puts construction crews to work and it creates safe, affordable housing. This helps spur the private sector.

If you want to join me for a webinar on some of the available Government Funding Options for Real Estate Investors, enter your name and e-mail address below.
I’ll be holding an encore call on Tuesday night, Feb. 23 at 9:00 PM EST.

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