Anyone can do this regardless of age, gender, background, or education.
Most people are similar across many demographics. Some have never graduated from college, others hold Ph.D's. Some are doctors, lawyers, and engineers...others are mechanics, salesmen, and nurses. But anyone of them, or you, can learn to increase your wealth through Short Sale Magic.
Most people are similar across many demographics. Some have never graduated from college, others hold Ph.D's. Some are doctors, lawyers, and engineers...others are mechanics, salesmen, and nurses. But anyone of them, or you, can learn to increase your wealth through Short Sale Magic.
WHAT IS A SHORT SALE?
A short sale is a process whereby an investor buys a first or second mortgage from a bank or lender for pennies on the dollar. An investor will typically have more success dealing with a lender in a second mortgage position.
A short sale is a process whereby an investor buys a first or second mortgage from a bank or lender for pennies on the dollar. An investor will typically have more success dealing with a lender in a second mortgage position.
WHY WILL BANKS SELL FOR PENNIES ON THE DOLLAR?
Reason 1 - Because they must avoid foreclosure at all costs – and here’s why. When a bank forecloses on a home it becomes a non-performing loan. This affects the amount of money a bank can borrow from the Federal Reserve. Since banks only make money by borrowing from the Fed and lending to the public, they must borrow as much as they can. Every non-performing loan reduces the amount the bank can lend to the public, affecting their bottom line profits.
Reason 2 - The bank knows if the property is foreclosed, it goes to auction and is sold for what is owed on the first mortgage and typically not a dime more. This leaves the second mortgage holder getting absolutely nothing.
Reason 1 - Because they must avoid foreclosure at all costs – and here’s why. When a bank forecloses on a home it becomes a non-performing loan. This affects the amount of money a bank can borrow from the Federal Reserve. Since banks only make money by borrowing from the Fed and lending to the public, they must borrow as much as they can. Every non-performing loan reduces the amount the bank can lend to the public, affecting their bottom line profits.
Reason 2 - The bank knows if the property is foreclosed, it goes to auction and is sold for what is owed on the first mortgage and typically not a dime more. This leaves the second mortgage holder getting absolutely nothing.
I DO BETTER WITH WITH SOMEONE HELPING ME, DO YOU OFFER COACHING?
Yes, we do. Coaching is the most effective way for you to get started in the right direction. It's also helps you reach your goals quicker. Click Here to learn more about our coaching and mentoring program.
Yes, we do. Coaching is the most effective way for you to get started in the right direction. It's also helps you reach your goals quicker. Click Here to learn more about our coaching and mentoring program.
HOW MUCH CAN I MAKE?
The reason why this is the best home based business in the world is because the average profit per deal is $15,000 to $40,000 and you can potentially do one deal per month. Of course this is all up to you, you have the potential to do more than that.
The reason why this is the best home based business in the world is because the average profit per deal is $15,000 to $40,000 and you can potentially do one deal per month. Of course this is all up to you, you have the potential to do more than that.