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The Short Sale Killer

Over the years I have done a lot of investing in real estate and particularly foreclosures.

When the market was going up, it was easy to save homes from foreclosure as an investor.

The simplest way to structure a deal was to take over the existing loan, take title to the house, bring the loan current and give the home owner some money to move.

If the numbers where too tight, you could fairly easily get a discount, particularly from the second loan if there was more than one.

Then values started to drop, and short sale became the new buzz word.

But over the last five years of real estate depression, short sales have become increasingly more difficult to get done.

Lenders take forever to approve short sales, and have added new contingencies almost on a weekly basis.

The contingencies are mostly designed to prevent a short sale investor from making any money.

In the banks’ mind, they are entitled to (at least) the full price that an end buyer (aka retail buyer) would pay, minus normal closing costs and commissions.

Investors who have taken on that battle have been forced into legal gray areas to edge out some profits on a few cases, while most short sale deals they try to negotiate fall apart for one reason or another.

Just last week I talked with one of the Nation’s leading short sale “educators” (aka “gurus”), and he told me first hand that one of his most successful students just sent him a copy of a check where he had made $50,000 on a deal.

However, that deal took 8 months to close, and during that time the student spent his full time effort trying to negotiate 20 other deals – none of them came through.

You can easily see how scrupulous real estate “educators” can frame these types of checks into “success stories”, continuing to impress upon their prospective students that short sale investing is still a valid business model.

Meanwhile, the most successful “short sale gurus” make hundreds of thousands of Dollars each month – not from short sale deals, but from the bogus information they are selling to more and more desperate opportunity seekers who are placing their hopes in it.

Over the past 6 months I have no longer participated in this game of chasing the dream, helping desperate home owners, trying to reason with lenders and engineer “win-win solutions” while reaping a healthy profit.

Why? Because it’s a phony game. The decks are always stacked in favor of the banks, and you can never “win” as much as the banks always do.

So I decided to take on the banks at THEIR OWN game, fight them (instead of trying to please them), and pull away the curtain from their unfair advantage.

Yes, I have removed the loans from two of my investment properties, and am now in the process of re-enforcing my rights against the common FRAUD that banks are committing each time they make a so called loan.

I will be posting more information about my journey against the lenders in much more detail. Meanwhile, please share your own experiences in the comments below. What is your story with your lender?


Short Sale Killer: Elimination Beats Short Sales…

The Big Short Sale Lie

The short sale business model has long been touted as one of the best ways to make money in this housing foreclosure crisis.

What the gurus won’t tell you is the true numbers behind that business model.

That’s a big reason why so many beginning real estate investors fail with short sales!

  • It’s a lot of work (whether you outsource it or not, it’s still A LOT of work…)
  • Many more short sales don’t work out than the ones that do
  • It’s NOT easy to pre-select them and work only on the ones that will work
  • Banks and lenders are changing the rules every other week, tripping you up on promising deals at the last minute
  • You need A LOT of potential deals to make A FEW of them work out (they call that “a numbers game”, but hey, roulette is a numbers game too, right?)
  • Lenders make you feel like you’re doing something wrong even though you are the one providing a solution to their problem
  • Big Money scams and government being in cahoots with banks makes the whole business model ludicrous and frustrating

…and on and on!

What To Do If Your Short Sales Don’t Work For You?

In the following section I wil give you links to educate you about MERS, the scam of mortgage processing and administration.

I will show you a way that will help you beat back the system, not only for yourself, but for your clients as well.

And make great money in real estate when you fly under the Short Sale Radar to beat the system.

First, the most important link is this:

http://TurnDebt2Cash.com – watch the testimonial video and sign up so you get access to free webinars and reports about how to eliminate mortgages quickly and legally.

Supporting files and documentation:

Read up on what the mortgage industry is talking about (“Strategic Defaults“)

Why lenders are afraid of “Forensic Audits“?

Scary for MERS: Enforcability of Securitized Mortgages

MERS legal cases: This is really bad for the banks!

And here is the info on the solution for you:

http://TurnDebt2Cash.com

Leave your comments and opinions below andmake a difference today!

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The IndyMac – FDIC – One West Bank Short Sale Scandal

This must be one of the biggest and most scandalous eye-openers that unfold in the foreclosure crisis, which is saturated with propaganda about foreclosure rescue scams and banks’ unwillingness to work with short sale investors.

Remember this video the next time you talk to a bank, and click below to discover
how you can strike back:


How to Get Killer Short Sale Comps

How cool would it be if you could know upfront and in advance what price the lender will accept on your short sale offer?

That’s exactly what you get to know if you follow this killer short sale strategy (click play to watch…)

Save 50% on GotForeclsoure Short Sale Secrets – Limited Time Special Offer

Are you struggling with short sales? One of the biggest issues is knowing what price the lender might accept.

There is an easy way to find out!

Every day in your area, dozens of properties are sold (or not sold) by lenders at trustee sales or foreclosure sales.

Many of these properties ended up at the sale because of failed short sale negotiations.

Here is the “Ah-Ha” moment: The same lender who was stone walling you and not letting you know what price they would really go for, reveals the price right here – in the opening bid amount of the trustee sale or foreclosure sale!

Now that the volume of foreclosure sales is so high, the opening bid amounts of comparable properties are true short sale and wholesale comps. Use them to add to your powerful arsenal of short sale negotiation weapons.

This powerful strategy – and many more are inside GotForeclosure’s Short Sale Secrets – now available for a limited time at 50% off – click here for more!

Questions or comments? Leave them below and get more exposure for your own real estate investing!