You absolutely deserve this last chance in 2009 to change your financial future! At this event, you will learn:
3 Vital things you should know about Real Estate Investing
4 ways you can make money in Real Estate NOW!
The 1 thing you MUST do when you DECIDE to Invest in Real Estate
A novel concept in investing (Because it is making money out of thin air!)
We're offering a FREE workshop that will give you ways to earn money NOW. Whether you're lamenting a bad year or launching into 2010 plush with money, NOW is the time to act on learning investing. More Millionaires are made in a recessionary period than at any other time; and we have just a few short years to take advantage of this downturn in real estate.
If this event weren't FREE, I would guarantee your money back! Since it is a FREE Real estate Investing Workshop, I will guarantee that you will gain value from the 2 1/2 hours that you invest.
We don't have a crystal ball; we don't know WHEN the housing market will turn around; and we do know that it will. ACT NOW to learn the 4 things you can do TODAY to make money in real estate!
Just RSVP to this event, send me an email at Investorcindy@gmail.com; I will contact you with the address of the workshop, and I'll see you there!
Showing posts with label real estate investor education. Show all posts
Showing posts with label real estate investor education. Show all posts
Saturday, December 26, 2009
Monday, August 3, 2009
What is Loss Mitigation?
Loss mitigation is a term that's bandied about a lot these days. And, until I delved further into real estate investor education, www.reinvestorsolutions.com, I was unfamiliar with the term.
Loss mitigation includes the gamut from loan modification, cash for keys, deed in lieu of foreclosure to short sales, where the lender accepts less from the bank than what is owed.
Loan modifications include modifying the terms, interest rate and length of the loan. The owner must qualify for the loan,that is have income that supports the repayment of the loan. Sometimes, it's necessary to do some type of debt settlement to lower the ratios so the owner can qualify for the loan modification. I work with a firm for debt settlement that guarantees 50% reduction in debt. Reduce the debt, reduce the mortgage, the homeowner can now afford to stay in the home.
Sometimes, though, the homeowner is so far upside down in their loan, and can't afford the payments, it makes more sense to do a short sale. The bank must approve the sale, and the homeowner, by law, can receive nothing from the proceeds.
Loss mitigation is a very time consuming process; modifying the loan can take up to a year before final settlement. Short sales, from the time the banks receive the package, is generally at least 120 days. I work with Realtors; I do the negotiations, they get the listings.
Doing a Short sales is a win-win for everyone. The bank wins, they don't get a nonperforming asset back. The homeowner wins, they don't have a foreclosure on their record. The Realtor wins, they get a fully negotiated short sale, and they don't have to spend their time sitting in the office, talking to the bank. And I, as an investor win. Because of my education through Nouveau Riche, I'm able to help homeowners to divest themselves of the house that has become a liability.
Loss mitigation includes the gamut from loan modification, cash for keys, deed in lieu of foreclosure to short sales, where the lender accepts less from the bank than what is owed.
Loan modifications include modifying the terms, interest rate and length of the loan. The owner must qualify for the loan,that is have income that supports the repayment of the loan. Sometimes, it's necessary to do some type of debt settlement to lower the ratios so the owner can qualify for the loan modification. I work with a firm for debt settlement that guarantees 50% reduction in debt. Reduce the debt, reduce the mortgage, the homeowner can now afford to stay in the home.
Sometimes, though, the homeowner is so far upside down in their loan, and can't afford the payments, it makes more sense to do a short sale. The bank must approve the sale, and the homeowner, by law, can receive nothing from the proceeds.
Loss mitigation is a very time consuming process; modifying the loan can take up to a year before final settlement. Short sales, from the time the banks receive the package, is generally at least 120 days. I work with Realtors; I do the negotiations, they get the listings.
Doing a Short sales is a win-win for everyone. The bank wins, they don't get a nonperforming asset back. The homeowner wins, they don't have a foreclosure on their record. The Realtor wins, they get a fully negotiated short sale, and they don't have to spend their time sitting in the office, talking to the bank. And I, as an investor win. Because of my education through Nouveau Riche, I'm able to help homeowners to divest themselves of the house that has become a liability.
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