Banks are more and more controlling the foreclosure real estate market by slashing prices to move their inventory. According to Dataquick (http://dsnews.com), over 43% of all Southern California home sales were “foreclosure resale” transactions:
“Foreclosure resales continue to be a dominant factor in today’s Southern California market, accounting for 43.6 percent of all resales. That was up from a revised 41.8 percent in June, and up from 7.9 percent in July 2007. Foreclosure resales — where a foreclosure had occurred at some point in the prior 12 months — ranged from 22.2 percent of all resales in Orange County last month to 64.4 percent in Riverside County.”
These “foreclosure resale” transactions are considered distressed sales, and if you see an over-proportionate amount of them in a certain area, it drags down the “median home price” and the “comps” below “fair market value”. If you can purchase a bargain property AT or even BELOW these price levels, you’re getting an excellent deal!
We’ve seen deals from our bank-owned sources that you could get for 30-50% BELOW “foreclosure resale” comps (click here for a sample)! Some of these properties are still available, even in the San Fernando Valley.
Subscribe to our Hot Deal Updates to receive these bargain properties as soon as they become available!
“Internet marketing gurus always talk about “building your list”. Lists (of prospects and customers) are important because it is true that “the money is always in the list.”
“Most of the time, some Internet marketers will beg other marketers (especially those with a bigger list size) to promote their products, do an ad swap or help them to build their own lists in general. But what if, instead of relying on YOUR OWN LIST, you can LEVERAGE on other people’s list?
“You see, in Internet marketing, there is always someone who has a bigger list size than you. These people will always want to sell products. If you can create products (such as master resell rights or no restriction private label rights products) and give them the rights to sell YOUR products with YOUR ads in it, you will be getting constant advertising for FREE and people are doing it WILLINGLY for you!”
Stop right here!
What does all this have to do with real estate marketing?
EVERYTHING! You just need to change the subject of your marketing (or the product!) Viral marketing is really just a fancy interent way of saying “mouth-to-mouth propaganda”.
So, if you have a service such as representing and negotiating for buyers, or home staging - you can and should use viral marketing techniques.
And that’s exactly why this item in the IM-REI giveaway is so valuable, once you understand how to use and apply the information to YOUR service, product or business.
Hey, just this information alone is a great free gift - and there are more here to the tune of almost $2,000 worth of valuable Internet Marketing and Real Estate Investing products and services.
ATTENTION: Bird-Dogs, Property Finders, Real Estate Agents!
We are actively looking for high-end properties (preferably $1MM+) that are upside down and need a short sale to be sold.
If you are frustrated by the hours and hours you’ve spend on the phone with brain-dead loss mitigation departments, bring these deals to us! Almost every day I talk to or hear from agents who even have a qualified buyer lined up to buy the property at a reasonable price, but the bank won’t talk…
It doesn’t have to be that way! We have tapped into the power of professional short sale negotiation. We can get many of your dead deals done AND pay you between 6 and 9 percent total commission - guaranteed!
By the way: Have you heard of the “Back-Door Cram-Down” method? You can read up about it here - my take: don’t use it!
I know, this sounds like a sales pitch, but it really isn’t. Once you experience the relief of handing over your negotiations to a sophisticated team you will bang your head and ask “why didn’t I discover this earlier?”
The sooner you get started the better! Email me now at tom.b@GotForeclosure.com so I can get you our information package and we can get started on your deals.
Bird-dogs and property finders: We’re actively looking for ground crews who can door-knock, and research properties locally, as well as submit deals and take pictures. Sign up FREE at
As long as the IM-REI Giveaway is still up, we will feature some of the great products that are included in this incredible mamoth-event-launch.
In case you’re out of the loop: IM-REI stands for a fusion of two of the most powerful income generating and wealth building arenas around: Internet Marketing and Real Estate Investing (IM-REI).
Today’s featured program: “Video Tutorials Online…”
If you have been following my blog for any amount of time, you probably know that to me bad news spells opportunity…
worsening credit crunch = opportunity
Here is the problem: Dealing with buyers who need new financing that has to be approved by the bank. (If you have a story about that, go ahead and send a comment to this blog post!)
In case you don’t know what I’m talking about:
Closing any kind of deal with retail buyers has become rather difficult because lenders are changing the rules on the fly, and over 40% of all pending sales are set to fall apart because the lender won’t make the loan.
There is a possible solution to this ongoing nightmare for sellers, agents and investors!
And you get in on the solution and offer it to everyone who is inside the problem:
Sellers who can’t sell
Buyers who are qualified but can’t get a loan
Agents and mortgage brokers who have motivated buyers that can’t close
And not only that, you do not need any credit, and you also don’t need any money do to this.
When you’re working this system you literally put yourself in the middle of a solution to a huge problem. And do you think you can get paid if you do that? - You betcha!
So, how does it work?
Essentially, the seller creates an owner financed note that will be purchased at a (relatively small) discount right after closing. You can get all the details over here, sign up for the free information, and use it:
Oh, I almost forgot to mention: You can actually use this system to flip REO and short sale proeprties to your end buyers - and sidestep the red tape of conventional financing…
Talk soon!
Thomas Bartke
P.S. - Did you grab your IM-REI Free Give-Away stuff yet?
IM-REI stands for the combination of Internet Marketing and Real Etstae Investing - two of the most powerful wealthbuilding methods around.
This is my way of saying thank you for reading my blog, and I hope that you will make lots of money using these FREE tools:
