I have been involved in the real estate industry in some form since 1992. As I came through the ranks, I learned from several seasoned real estate veterans that has made lots of money in the business. I went on to use many of their strategies and made plenty of money in real estate myself.
Years ago (probably around 1995) a real estate "guru" shared with me two words that he said would be the key to my success in real estate investing. Do you know what those two words are? "Make Offers" He went on to say "to get deals, you've got to make offers". Just imagine how much money you'd make on one real estate transaction (buying low and selling high). If it was conservatively $10,000 and you have to make 20 offers to get that one deal, would you do it? Considering an offer doesn't take that long to make, that would be $500 per offer you made - not too shabby.
The big question of course, is where to find properties to make offers on. Here are a few ideas:
1. Check the classifieds. This has worked forever, and still does. Try Craigslist.com and backpage.com for online ads.
2. Here is a free publication you might enjoy this. It's called "How to Buy a Home at a Discount". It is a free download (no registration, no email required):
http://www.bankownedassets.com/dl/discounted-homes.pdf
3. Finding pre-foreclosure properties. There is much to learn regarding pre-foreclosures, but the profit margins are almost always higher:
For more info check out: http://www.bankownedassets.com/pre-foreclosure
4. Banks often list their properties for sale. You can find a free list of banks here: http://www.bankownedassets.com/
5. Do you want to have periodic emails sent to you with homes that come available in your area which saves you time of looking through all of the bank lists, then you can visit the BankOwnedAssets.com Nationwide Foreclosure Center and subscribe. There is a small fee for this, but you can unsubscribe at any time.
6. Would you rather just call a local real estate agent that works with foreclosures in your area? You can request that by filling out this form:
http://www.atozlender.com/real-estate-agent-referral.cfm
7. Do you need to be pre-qualified for a home mortgage? If so,
visit: http://www.atozlender.com
8. Unsure about your credit rating? Check it here: Credit.com
9. Does your credit rating need improvement? Check out these professional and do-it-yourself credit repair resources:
http://www.bankruptcymortgagebook.com/credit-repair.htm
I think that covers it. If you have any other questions, please do not hesitate to contact me.
Showing posts with label buying a home. Show all posts
Showing posts with label buying a home. Show all posts
Monday, May 12, 2008
Thursday, November 01, 2007
Foreclosures up over 100%, what this means to you
According to RealtyTrac, foreclosures are up 100.1% over the period of July to September of last year. So what does this mean to you? You may find yourself in one of several positions:
1. You own your home, have a great mortgage, with no desire to move. You are safe - Congratulations!
2. You may be one of the many people who are struggling to keep their home. You may owe more than your home is worth, due to the decline in the market, and if so, you still have options, but you may not like them. Some people are being forced to move in the most extreme situations, but there are also companies that will help you get back on track by making you loans against your equity, or helping you negotiate a workout with your current lender. If this is you, time is critical and you need to act now. Don't ignore the problem it wont go away on it's own. If you want to speak with a foreclosure consultant, visit this page and fill out the form: http://www.atozlender.com/stop-foreclosure.cfm.
3. Maybe you are looking to buy a home. This may be a good time to pick up a deal. My advice is don't pay full price, as the market certainly isn't headed up anytime soon. If you need to find a qualified real estate agent to help you, visit our real estate center. You can also check out our foreclosure real estate division to find out how to purchase deeply discounted bank owned properties.
4. Perhaps you are a real estate investor. If you are a veteran investor, then you are enjoying the market. If you want to connect with us to help our clients seeking buyouts, then contact us.
5. Perhaps you are a real estate agent struggling to keep your business afloat. We have several people contacting us DAILY for assistance with buying and selling homes. Contact us to join our real estate agent network, so we can help you learn how to make the best of this market.
6. Maybe you can't find financing due to the demise of so many mortgage lenders. With over a decade of experience, we have lots of connections and offer a wide range of mortgage lending products. If you are struggling with your credit scores being low, this book may be of assistance to you. The Bankruptcy Mortgage Book was written to help people that have had a bankruptcy or other credit challenge. Whether you have had a bankruptcy or not, you can benefit from the advice in this book and use it to improve your credit scores and increase your changes of getting your loan approved.
I know that was long, but I am sure you found yourself in one of those categories. If I missed someone, please contact me and let me know how I can help you.
Until next time...
Anthony
1. You own your home, have a great mortgage, with no desire to move. You are safe - Congratulations!
2. You may be one of the many people who are struggling to keep their home. You may owe more than your home is worth, due to the decline in the market, and if so, you still have options, but you may not like them. Some people are being forced to move in the most extreme situations, but there are also companies that will help you get back on track by making you loans against your equity, or helping you negotiate a workout with your current lender. If this is you, time is critical and you need to act now. Don't ignore the problem it wont go away on it's own. If you want to speak with a foreclosure consultant, visit this page and fill out the form: http://www.atozlender.com/stop-foreclosure.cfm.
3. Maybe you are looking to buy a home. This may be a good time to pick up a deal. My advice is don't pay full price, as the market certainly isn't headed up anytime soon. If you need to find a qualified real estate agent to help you, visit our real estate center. You can also check out our foreclosure real estate division to find out how to purchase deeply discounted bank owned properties.
4. Perhaps you are a real estate investor. If you are a veteran investor, then you are enjoying the market. If you want to connect with us to help our clients seeking buyouts, then contact us.
5. Perhaps you are a real estate agent struggling to keep your business afloat. We have several people contacting us DAILY for assistance with buying and selling homes. Contact us to join our real estate agent network, so we can help you learn how to make the best of this market.
6. Maybe you can't find financing due to the demise of so many mortgage lenders. With over a decade of experience, we have lots of connections and offer a wide range of mortgage lending products. If you are struggling with your credit scores being low, this book may be of assistance to you. The Bankruptcy Mortgage Book was written to help people that have had a bankruptcy or other credit challenge. Whether you have had a bankruptcy or not, you can benefit from the advice in this book and use it to improve your credit scores and increase your changes of getting your loan approved.
I know that was long, but I am sure you found yourself in one of those categories. If I missed someone, please contact me and let me know how I can help you.
Until next time...
Anthony
Tuesday, April 03, 2007
Mortgage industry changes as Mortgage Companies continue to fall
It's been a while since I have posted anything here. I almost gave up the idea of blogging just because it takes so much time to keep up with it, but I figured I would rather give something rather than nothing.
Lot's of change has taken place over the past several months in the industry and even with Consumers Advantage Mortgage. We are in the process of partnering with another firm to best serve our clients as the industry has really taken a downward turn. We are also launching our real estate division, and in particular seeking to serve those that are facing foreclosure as so many are.
Mortgage delinquencies and defaults are at a high which has lead to the demise of several mortgage companies. Most recently, New Century Mortgage filed for bankruptcy and they were certainly not the first mortgage company to go down this road. They actually owe us some money and I am not sure if we will ever see it, but more than that, they were one of our premiere providers (on top of being one of the top sub prime lenders in the industry). I won't bore you with the list of companies that have fallen or have cost us thousands of dollars, but I will say this - the industry is changing, and even seemingly strong companies aren't surviving. In this regard, being a smaller company is a benefit because we can change with the market a lot more rapidly than a major corporation.
It is now harder to get a mortgage for those that have had credit challenges. This is due to many sub prime lenders closing their door and/or filing for bankruptcy and the remaining companies offering few options for those that have had credit challenges. It is now more important than ever to know what underwriters are looking for, and one way to do this is to buy my book, "How to get a home mortgage after a bankruptcy or other financial mishap". It is the same book that was originally titled, "The Bankruptcy Mortgage Book", but I decided to change the title to make the message more clear. Visit www.thebankruptcymortgagebook.com to get an electronic or print copy. This isn't just a shameless plug for my book, but rather it's why I wrote the book - to help people that have had credit challenges get approved in a shorter amount of time, while getting the best rate and fees.
If you are looking to sell your home, you may find that there are fewer qualified borrowers now in the market because of the tightened lending requirements. If you are looking to buy a home, now is an even better time to buy a home because there are so many more of them sitting on the market. Even if you have poor credit, there are options for you including the "lease-purchase" (a.k.a. lease-option" which I will write about next.
On closing, if you or some you know is facing a foreclosure or having trouble paying your mortgage, please have them contact me: www.atozlender.com/real-estate-services.cfm
Make it a great day!
Anthony
Consumers Advantage Mortgage
Lot's of change has taken place over the past several months in the industry and even with Consumers Advantage Mortgage. We are in the process of partnering with another firm to best serve our clients as the industry has really taken a downward turn. We are also launching our real estate division, and in particular seeking to serve those that are facing foreclosure as so many are.
Mortgage delinquencies and defaults are at a high which has lead to the demise of several mortgage companies. Most recently, New Century Mortgage filed for bankruptcy and they were certainly not the first mortgage company to go down this road. They actually owe us some money and I am not sure if we will ever see it, but more than that, they were one of our premiere providers (on top of being one of the top sub prime lenders in the industry). I won't bore you with the list of companies that have fallen or have cost us thousands of dollars, but I will say this - the industry is changing, and even seemingly strong companies aren't surviving. In this regard, being a smaller company is a benefit because we can change with the market a lot more rapidly than a major corporation.
It is now harder to get a mortgage for those that have had credit challenges. This is due to many sub prime lenders closing their door and/or filing for bankruptcy and the remaining companies offering few options for those that have had credit challenges. It is now more important than ever to know what underwriters are looking for, and one way to do this is to buy my book, "How to get a home mortgage after a bankruptcy or other financial mishap". It is the same book that was originally titled, "The Bankruptcy Mortgage Book", but I decided to change the title to make the message more clear. Visit www.thebankruptcymortgagebook.com to get an electronic or print copy. This isn't just a shameless plug for my book, but rather it's why I wrote the book - to help people that have had credit challenges get approved in a shorter amount of time, while getting the best rate and fees.
If you are looking to sell your home, you may find that there are fewer qualified borrowers now in the market because of the tightened lending requirements. If you are looking to buy a home, now is an even better time to buy a home because there are so many more of them sitting on the market. Even if you have poor credit, there are options for you including the "lease-purchase" (a.k.a. lease-option" which I will write about next.
On closing, if you or some you know is facing a foreclosure or having trouble paying your mortgage, please have them contact me: www.atozlender.com/real-estate-services.cfm
Make it a great day!
Anthony
Consumers Advantage Mortgage
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