Short Sale Training- The Best Way To Learn How to Earn Big Profits From the Foreclosure Market
Posted on February 7, 2009
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By D.C. Fawcett, Business Building Coach to the Foreclosure Industry
When real estate investors evaluate their options for securing deals and making profits, there are several things that may come to mind. Whether it’s owning rental properties, fixing up properties in disrepair, or working short sales, the business of real estate is a proven winner.
Where do most investors turn when they seek opportunities in buying foreclosures? Sure, they might work with a realtor to find bank owned foreclosures. When a property is lost via foreclosure it goes back to the bank and then becomes one of the now thousands of bank owned foreclosures (or REO properties) on the market today. This side of the business is highly lucrative in today’s market.
Another option that is also very relevant to investors is the short sale, where investors negotiate discounts on properties before they are foreclosed. This can also be highly lucrative and the key to success, both short and long term, is short sale training. Every investor benefits from education and your education in real estate will not be complete without short sale training.
Despite the leads you can generate from foreclosure listings and the opportunities that exist with short sales, I think buying foreclosures can be risky for the investor because, without the proper short sale training, you run the risk of not really knowing what you are doing. Profits can be lost and so too can opportunities from buying foreclosures when you lack the proper short sale training you need.
In today’s market, there are indeed unlimited deals to be found within the realm of buying foreclosures. Whether you’re just curious how to make a little extra money with buying foreclosures or really want to pursue a serious business, you owe it to yourself to seize the current opportunity and pursue it. Short sale training can help make this happen!
In today’s real estate market, buying foreclosures is as much as part of investing as any other part of the business. Make sure you have short sale training backing you when you invest because the deals are out there. I highly recommend that you commit yourself to short sale training, and your pursuit of buying foreclosures will be more comprehensive, productive and rewarding. I wish you the very best in success in all of your investing pursuits and in business as a whole.
Short Sales, Bank Owned Properties (reos) and Standard Listings
Posted on March 9, 2010
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Everyone says it is a Buyers Market and to Buy Now. Is that really so true if almost half or the majority of real estate sales are foreclosures, REOs and short sales. It seems to be more of a Bankers market.
SHORT SALES:
Short Sales may be a great buying opportunity. The major complaint from people is the time involved to get it approved by the lender for the short sale price. The home is normally listed by a real estate agent for a value that they feel is right to bring buyers, and will be adjusted accordingly once the lender has finished a complete home valuation analysis to determine the actual sales price. The majority of the time the lender approves a sales price below the current market value just to sell it quick. One needs to remember that prices in the first-time buyer range have lots of competition which could make it bidding war.
Immediately after the lender approves the short sale and home value, time must pass before it is actually gone. The time involved may range between 3 to 6 months or more until it is actually gone. Although, during that time anything can happen such as the seller could work out a loan modification, not show the home to prospective buyers and simply let it go into foreclosure. If you have made an offer on a short sale, do not be surprised if more offers arrive once there is an approved short sale.
BANK OWNED HOMES
Bank owned homes are the ones everyone wants because they are priced aggressively and ready to be purchased. There is no long waiting. You simply need to act before the competition. When a bank owned home comes onto the market, you will want to be one of the first ones to make a solid and strong offer. The better your offer, the more chances you have to win. A worthy offer to the bank is one that is close to the listing price, or above the asking price, with a large down payment or an all cash offer. People can find Bank Owned Homes in most major cities and suburbs.
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“NORMAL” MLS LISTINGSÂ
If you are like most people, they are looking for a bargain or discount when it comes to most consumer items and even more so when it involves buying a home. Buying a home that is listed on the multiple listing service which is not a short sale or a bank owned home you can still find a good deal if the seller priced their home aggressively. Some sellers are doing it simply due to personal reasons such as work or other financial debts. You can still offer what you think is a fair price to the seller and even somewhere close to an exact property that is a foreclosure that sold down the street.
Frank Collins
http://www.articlesbase.com/real-estate-articles/short-sales-bank-owned-properties-reos-and-standard-listings-709604.html
Posted on March 9, 2010
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Posted on March 9, 2010
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Costa Del Sol Holiday Rentals - Why Owners Have Turned to Renting Their Properties
Posted on March 7, 2010
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Located on the coast of the Mediterranean South of Spain, lies the region of the Costa del Sol; whose name roughly translates into the English “Coast of the Sun”. Comprising of literally hundreds of towns and villages, the Costa del Sol is a very popular tourist destination and the number of Britons investing in property in this Spanish region has been steadily increasing each year.
That was until the global economy fell and just about everything from the monthly gas bill to stocks and shares has been badly affected since. Of course there are those with an income so high as to not feel the effects but it’s wise for consumers to button their wallets and save, save, save in the upcoming months. What this now means for the Costa del Sol is that Western property owners are stuck with the dilemma of whether they can afford to keep their holiday home on the southern coast of Spain, or whether they should sell it on and save the money for a potential economic crash.
Instead of being stuck in the middle of a very hard decision, many Spanish property owners located in the Costa del Sol have actually chosen to rent out their property, rather than selling it on or keeping it empty during the year for use in the summer. While it might mean a lot of paperwork, it actually brings in steady money to keep the family afloat in times of possible crisis. After all, if there’s a beautiful Spanish property laying empty in the centre of affluent tourist area Costa del Sol then why not take advantage of the market and rent it out?
Luckily for owners who are choosing to rent out a room or the whole property, the tourism industry remains largely unaffected by the ever menacing credit crunch. Experts claim that due to the colourful ideas that travel entrepreneurs come up with, and the growing need for people to ‘get away’ from their financial stresses, the number of people taking holidays won’t be too badly affected.
What it also means is that rather than blowing a fortune on a cruise to Barbados, many families, couples or groups of friends might settle for a fortnight in the Costa del Sol instead. It is an area not too expensive to vacation in, yet one that is just as idyllic. Take Nerja for example; this autonomous coastal town oozes Mediterranean luxury and Spanish culture. Couple that with its ideal location not far from the large city of Malaga and at the other side the Sierra Nevada mountains where tourists love to ski.
Perhaps what isn’t quite clear in the process of renting out holiday properties rather than selling them on is what the future intentions of the property owners are. The majority are looking for some financial security in steady income for the short term, and in the long term are simply hoping that the global property market will pick up. Rather than sell their favorite and most expensive asset, they’re looking to hold onto it either until they are financially comfortable and can retire to the Costa del Sol, or so that they can sell it on for a much higher price. Makes sense, right?
At the moment the market for vacation or holiday property anywhere in the world is very illiquid. That is to say, the market’s assets (the properties) cannot be sold at a price equal to the one they were bought for. This is a great problem for the property owner as the whole idea in getting onto the property market is to make a return on the initial investment (otherwise known as ROI). If this isn’t done, then a great loss has been made. Now that the economy is in such trouble due to the Credit Crunch, the property market is nose diving and owners are biding their time until the average sale price rises once again.
So what should you do if you’re a Spanish property owner, particularly in the Costa del Sol? The answer is, sit on your investment and get all you can from it; whether that’s enjoying it yourself or by renting it out to other keen travelers to gain some extra income. Every penny counts at the moment!
Lucy Wallace
http://www.articlesbase.com/real-estate-articles/costa-del-sol-holiday-rentals-why-owners-have-turned-to-renting-their-properties-671921.html
Short Sales Vs. Home Loan Modification
Posted on March 7, 2010
Filed Under Short Sale | 4 Comments
Short Sales are when a lender is âshortedâ on the balance of the mortgage that they are holding. The client canât afford their monthly payment and have to find other means on getting out of their current financial situation, by selling their home. Doing a short sale could be like wrestling with a Tiger and trying to win. There are so many stipulations on doing short sales and most of the lenders wonât even talk to you about doing one.Â
Lenders are leery about the short sale process; theyâre going to lose money on the sale itself. Lenders will determine if the short sale is a good step for the client and also for them. Short Sales are a case by case process, which is only determined by the lender themselves. Most lenders are losing anywhere between 40k-100k per sale; which is going to affect their bottom line.  Â
 The work on the part of the seller and buyer on a short sale is overwhelming. The lender doesnât have a specific department dealing with short sales directly, like with Home loan modifications (loss mitigation department). The seller could be making a lot of phone calls to the lender just to get to the specific person. Here is some basic information that is needed on a short sale, bare in mind that every lender is different.
·        Call the Lender
·        Submit Letter of Authorization
·        Preliminary Net Sheet
·        Hardship Letter
·        Proof of Income and Assets
·        Copies of Bank Statements
·        Comparative Market Analysis
·        Purchase Agreement & Listing Agreement
·        Â
Home loan modifications are in essence the restructure of the original contract with the lender.  Many adjustments can be made on the contract to bring it to a current status, if delinquent. Lenders will be able to restructure the current loan by lowering the interest rate, lowering the monthly payment, reducing the principle balance or changing the terms to a fixed rate, (if current loan is an ARM, adjustable or interest only loan).Â
Currently lenders are gearing towards home loan modifications. Lenders are feeling âsaferâ doing a loan modification because they are not going to lose money. The process for a loan modification is easier for the owner.  There is a specific department with the lender that you can speak with (loss mitigation department) when wanting to do a loan modification.Â
The economy being in the situation that it is currently, and from my experience, home loan modifications are the way of the world. It is actually a âwin/winâ situation for the home owner and for the lender. The home owner gets the relief that they are searching for, and the lender get to bring the delinquent contract to a current status, showing profit.Â
If you are feeling the pinch of a delinquent home loan and stressed about losing your home to foreclosure, we are here to assist you. We offer a money back guarantee if we canât get your delinquent home loan modified. For further details on how to obtain a loan modification please visit www.swdebtrelief.com.
                                                                             Â
George Tucker
http://www.articlesbase.com/mortgage-articles/short-sales-vs-home-loan-modification-669434.html
Posted on March 6, 2010
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Posted on March 6, 2010
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Plunging Auto & Gas Sales Hurt Retail Sales in November
Posted on March 5, 2010
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Dragged down by plunging gasoline prices and an auto industry struggling for survival, retail sales fell by 1.8% in November for a record fifth straight month, according to the U.S. Commerce Department.
But a historic drop in retail gasoline prices and auto sales may have exaggerated the decline. Filling-station sales mirrored the recent drop in prices from $4 a gallon in July to less than $2 a gallon recently. Auto sales fell 2.8%, confirming automakersâ assertions that business had sunk to the lowest levels in decades.
Excluding gasoline, which fell by almost 15%, retail sales fell just 0.2%.
In fact, without sales of autos, gasoline and building materials, sales actually rose 0.5%, the most since May.
âThe financial markets were braced for a horrific retail sales report for November, but the numbers were actually not so bad,â Mark Vitner, a senior economist for Wachovia Corp. (WB), told MarketWatch.com.
Retail fell a projected 2%, according to the median estimate of 73 economists in a Bloomberg News survey. Economists consider retail sales to be a bellwether for the overall economy since it accounts for about 50% of all consumer spending.
There were some promising stats, however. Aside from the automotive sectors, sales surged in almost every other important category. General merchandise store sales rose 1.3%, the biggest gain in three years. Electronic stores had a 2.8% jump in receipts.
Purchases at department stores rose by the most in three years as Americans took advantage of discounts by retailers from Macyâs Inc. (M) to Best Buy Co. Inc. (BBY) to start shopping for the holidays.
But while it appears retailers have been successful in getting consumers to loosen the spending reins with aggressive discounts, the devil may be in the details. Retailers have been consistently warning that their profits will suffer from the heavy discounting theyâre using to entice shoppers.
Neiman Marcus, the luxury retailer owned by ) and TPG Inc., which recently used heavy discounts to reduce inventories, said this week that profits dropped in the quarter ended Nov. 1. Purchases of expensive goods are also falling because of tight credit restrictions imposed by banks.
Retail analysts have been increasingly concerned about âcherry-picking,â where consumers storm the aisles for heavily advertised items, but leave the store without making other purchases.
That has led some to question the validity of the numbers themselves.
âWe are somewhat suspicious of the November results and believe that a seasonal adjustment quirk may have influenced the results,” wrote David Greenlaw, an economist for Morgan Stanley (MS), MarketWatch reported.
Same-store sales in the U.S. fell 2.7% in November from a year earlier, the biggest drop since records began in 1969, the International Council of Shopping Centers said last week.
And aworsening labor market is unlikely to sustain any rebound. The employment outlook is likely to drag down holiday shopping, a time when many stores expect to reap up to half of their annual revenue.
The unemployment rate climbed to 6.7% percent in November, the highest level since 1993. Employers have cut 1.9 million workers from payrolls so far this year. Surging unemployment usually leads to a plunge in consumer confidence and spending cutbacks.
A dismal holiday shopping season also bodes ill for retail sales throughout 2009. That could likely lead to a consolidation in the sector with many retailers closing their doors for good.
In fact, bankruptcies of stores such as Sharper Image Corp. (OTC: SHRPQ) and Circuit City Stores Inc. (OTC: CCTYQ) are already having a negative effect on the sale of gift cards, with consumers afraid to bet on long-term survival of some retail franchises.
Counting on the survivors being the heavy discounters such Costco Wholesale Corp. (COST) and the worldâs largest retailer, Wal-Mart Stores Inc. (WMT).
“This is Wal-Mart time,” Chief Executive Officer H. Lee Scott Jr. told Wall Street analysts during an Oct. 27 presentation at company headquarters in Bentonville, Ark., BusinessWeek reported. “This is the kind of environment that Sam Walton built this company for.”
News and Related Story Links:
- MarketWatch:
Retail sales fall 1.8% in fifth straight decline
- Bloomberg:
Retail Sales in U.S. Probably Fell for Fifth Month in November
- BusinessWeek:
For Exiting Wal-Mart CEO, a Victory Lap
More on this topic (What’s this?) Auto Bailout Compromise Fails (naked capitalism, 12/11/08) Short Interest Down on Financials and Auto Companies (naked capitalism, 11/28/08) Auto Bailout Discussion….Schiff Is Right Here (Todd Sullivan’s - ValuePlays, 12/12/08) Plunging Auto & Gas Sales Hurt Retail Sales in November (Contrarian Profits, 12/15/08) Read more on Auto Makers, Gasoline Prices at Wikinvest
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http://www.articlesbase.com/investing-articles/plunging-auto-gas-sales-hurt-retail-sales-in-november-686009.html
Successful With Christian Affiliate Marketing Program
Posted on March 5, 2010
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It is a true fact that you can make money online with Christian affiliate programs as the source of starting your own Christian business. Through building an affiliate web site, blogs, or email marketing as a source of your business, itâs a great way to have a steady flow of income. Joining free Christian affiliate programs is the less expensive way to start, and at the same time, you can make a very good living, if done properly.
Christian Affiliate web sites post links to the merchant site and are paid a percentage according to an agreement. This agreement is usually based on the number of people the affiliate sends to the merchantâs site who purchases something from them. If a link on an affiliate site brings the merchant site traffic, the merchant site will then pay the affiliate site according to their agreement. Usually these Christian affiliate programs are free to join.
A good Christian affiliate program will provide you with the tools necessary to promote their product, such as text links, banners, graphics and articles. You will also find that many affiliate programs will provide sample email news letters set up and ready to use. Change it around a little, add some good content so you can be unique, then copy and paste them in your email news letter with the unique URL they give you so you get the credit for it. For help visit www.money-secret-exposed.com. If youâre not familiar with affiliate marketing, a unique URL is a cookie used for tracking the customer you send to the merchant site so you get the credit for the commission.
When youâre signing up with Christian affiliate programs, check out what the cookie duration is. Cookie durations vary. Some companies have a short duration and others have a long duration. The duration of the cookie is how long the cookie will last after you send the customer to the merchant site. When that duration of the cookie is up, your cookie then expires. The longer the cookie lasts, the better it is for you. Customers usually donât buy the first time, it generally takes several contacts before the customer makes a purchase.
Check out if the cookie can be overwritten. When a cookie is overwritten, the customer who first learned about the product from your affiliate link, but goâs to another site or blog and so forth, and goâs through their link, and buys that product, you will not get the credit for it, therefore you will not get the commission on the sale.
Youâll find that most merchants who are serious about selling their products will give you the tools and training you need to promote them. This gives you a good opportunity to get the concept of how online marketing works, when you see how the merchants use their promotional tools to their advantage and your advantage.
Your advantage of starting a Christian affiliate website as the source of your Christian business is that you donât have to do any copy writing. You donât have to do the hard work that is involved with making a sales copy. Your job is just to get the customer to the merchant site. It is up to the merchant to make the sale. This is why it is very important to pick a Christian affiliate program with a merchant who has a good sales page and a good reputation. Remember, it is your reputation that is on the line, so choose wisely and choose a merchant that is honest and has a good reputation that will match yours.
To be successful with Christian affiliate programs you must select a company that offers a product that your costumers will be interested in. For example if you run a video game site, do not place links to a site that sells oil paintings. They will seem out of place and do poorly. You have a much better chance of making money by placing affiliate links to game stop, EBGames, Game Fly, on other video game companies that have affiliate programs. Choose your affiliates that meet your criteria.
Affiliate programs are arrangements in which an online merchant web site pays affiliate web sites a commission to send them traffic, usually in the form of a commission based on a percentage of sales. For more details you can login to www.ad-tracking-pro.com.
There are different types of commissions that range anywhere from 5% to as high as 75% depending on the type of affiliate program payout. There are also affiliate programs that pay you in the form of residual income. A residual income program is a program that pays you on an ongoing basis as long as the customer stays with the program, where a product site pays you a one time commission for each product they sell through your referral.
amarjeet singh
http://www.articlesbase.com/affiliate-programs-articles/successful-with-christian-affiliate-marketing-program-707649.html
