Hey DC Here,

We had an awesome event last weekend in Los Angeles. The event was completely sold out and I rocked the house with my cutting edge training. One of the sections I presented was on prescreening.

All of the attendees paid close attention during the short sale lenders section of my prescreening presentation when I covered what each of the short sale lenders are doing right now and which lenders are our most favorable and least favorable to work with.

If you sat in on that presentation, you would’ve seen that Bank of America and Wells Fargo require you to fund your short sale and hold it for 30 days before you resell it. This requires you to come to closing with cash for more than one day.

I don’t bring my own cash to these closings. I have one private lender that funds my one day transactions and I have another private lender that can fund transactions longer than one day. He is a longer term transactional funder that can fund 2-180+ days if needed.

After this presentation, this is the question that kept coming up from all of the attendees:

Do you have a private lender that we can use for our Bank of America and Wells Fargo Short Sale deals so we can fund them and hold them for 30 days before we resell them?

I’ve decided to hold a special webinar to answer this question.

On this webinar, you’ll discover how to get access to my private lender and how my private lender will lend you the money for 30 days for your Wells Fargo and Bank of America deals.

There is no risk to you. My private lender is taking all the risk!

Join me on the webinar here:

http://www.vssivip.com/fixmybusiness/

NOW, you don’t need any of your own cash or credit for these deals because I’ve convinced my other private lender to work with you on your deals that need longer term transactional funding.  Find out how to signup to work with him on this week’s webinar.

Important NOTE*** If you want to partner with me on your Bank of America or Wells Fargo short sales, you must have private funds lined up to fund your BOA and Wells Fargo short sales or we will not negotiate these deals for you.

I’m giving you access to the longer term funds you need on this webinar. Don’t miss out.

Hey D.C. Here,

Some of the most profitable short sales I’ve ever done were a direct result of big 2nd mortgages. This is because of the huge discount 2nd mortgage holders are willing to accept because they’re in a junior position and will not get anything if the first mortgage forecloses on the property. They will be wiped out and get nothing. It’s very common for my negotiators to get them to take 5-10% of the mortgage balance on a 2nd mortgage.

This means if they are owed, 252,000 on a 2nd mortgage, the lender is willing to take 5-10% of the balance which will end up being somewhere between $12,600 and $25,200. You just created $226,800 out of thin air. Luxury homeowners are willing to sell for what they owe because they know they have no equity so they’re much easier to acquire than luxury homes that have equity. When a luxury homeowner has equity, they want to get the $$$ for that equity. When they don’t have any equity, they know they don’t have any other options except for a short sale.

To find out how to make huge 6 figure profits on over-leveraged luxury homes while 100% of the work is done for you, join me on my webinar tonight and I’ll explain everything:

Join me here:

www.dcfawcett.com/go

Now, housing analysts are drawing more attention to one big problem that’s making loan modifications less successful and drawing out efforts to pursue short sales and other foreclosure alternatives: The presence of second mortgages such as home equity loans and lines of credit.

Today’s Heard on the Street in the WSJ concisely explains why there’s a problem: Second mortgages stand behind the first lien and are supposed to take the first loss in a modification or short sale, and in the event of a foreclosure, they’re likely to be worthless, particularly if the home is underwater. Karen Shaw Petrou, an analyst at Federal Financial Analytics, concludes that most second mortgages “are nothing but air” because of big home price declines.

Second mortgages are held primarily by banks, and writing down seconds en masse would cause substantial losses at a time when banks are trying to boost their weakened balance sheets. Of some $1.05 trillion in second mortgages, $963 billion are on the balance sheets of commercial banks, savings institutions and credit unions, according to Amherst Securities, and around $442 billion sits with the nation’s four big banks.

But most modification activity centers on first mortgages, which are held by both banks and other mortgage investors, including government-owned mortgage-finance giants Fannie Mae and Freddie Mac.

Second mortgages are also a big stumbling block on short sales done by real estate agents without investors involved, where the borrower sells the home for less than the value of the amount owed. Real-estate agents have complained for months that many of these deals fall through because the second-lien holder isn’t willing to approve the deal, or is requiring more money from the transaction.

With my system of working with real estate agents, we can easily get these deals done that agents cannot get done because of the away we structure our deals. Its much more flexible than the way real estate agents do short sales. We pre-negotiate the short sale and we close 5 times more deals that realtors because of our pre-negotiation strategy.

Discover my entire system on tonight’s webinar.

Register Here:

www.dcfawcett.com/go

Talk to you tonight,
DC

P.S. This may be the last time I do this webinar in a long time, so don’t miss it because this is your last chance to get the chance to partner with me on your deals. My professional negotiators will negotiate all of your short sales for you.

Find out how to partner with me on your deals tonight at 9:00 pm ET here:

www.dcfawcett.com/go

If you can’t make it to a computer tonight, you can call in and listen in here:

Phone number:

Access Code:

There is no time like the present for buying real estate and investing in property foreclosures.

There are currently so many bank and government owned homes on the market that these organizations are looking to get rid of their inventory as quickly and as easily as possible in order to recoup their losses and that means if you are looking to buy right now, you are in a win-win situation as an investor.

In order to purchase a property foreclosure, there are certain steps you must take.

First, look for foreclosure sales by inquiring about real estate auctions or Sheriff’s Sales in your area, you can usually find this out in a local paper or at a county administrative office.

Next, contact local real estate agents or attorneys to let them know your intentions.  These professionals will be able to help you and advice you on property foreclosures as this sale is not like a traditional real estate transaction.

When you have found a piece of property that you are interested in, work with whatever means possible to determine the market value and the condition of the home.

Many times, if the home is bank owned, ask the bank if they are able to provide you with the keys to the house to check out the inside.  This is the part of the process where you also have to find out what other homes that are not in foreclosure in the area are currently being sold for.

After you have determined who the owner is, whether it is still held by the homeowner who is delinquent or the bank, determine if there are any problems that could arise, financially or logistically during the sale of this property foreclosure.

Work again through your real estate agent or attorney in order to contact the trustee of the property foreclosures to determine what the minimal selling price is that would be accepted by the owner of the property.

After you have this information, now it is time to work through financing options that are available to you.  Make sure you check to see if the current loan or mortgage on the property foreclosure is available for assumption.

When the real estate auction or property foreclosure sale opens, make your bid and go from there.  If your bid is accepted, you more than likely just made a very attractive investment in property foreclosures.

The current housing market has afforded many real estate investors with ample opportunity to benefit through the use of a foreclosure list.

To the investor who is new to real estate and is looking to make the most of the massive amount of inventory on the market, it is important you know about opportunities before other investors, that is where a foreclosure list comes into play.

There is a wide variety of information on foreclosures online, however, you want to be a little bit choosy with regard to where you get your information.

Do not fall victim to organizations that are looking to sell a foreclosure list to you with the promise that you will find the best deal by paying for it.  Rather, you can find a free foreclosure list that has the same information as the one that comes with a price tag.

Depending on where you are looking, there are several ways to get your hands on a foreclosure list.  They include going to a bank branch in your area and asking to see a list of their properties that are currently in foreclosure.  The bank will be more than happy to give this to you as all banks are actively looking to offload foreclosed property.  Furthermore, if you are doing your search on a local level, they will probably also be able to supply you with a key in order to check the property out on the inside.

Another way to get a foreclosure list is to go to a county tax assessor’s office.  This office will be able to provide you a detailed list of all foreclosed properties within a county. Again, this is great for a local search.

If you are attempting to search on a national level, in order to save yourself some time, as well as the cost of airfare, simply go online and look for a free foreclosure list.  Many websites have “search engines” that run through foreclosure lists nationwide and features that will allow you to search by price range, cost of living in an area, medium income, population information, and other information that pertains to the home and the demographics of an area.

Search engines of this nature will allow you to customize and tailor the results of the types of homes you are looking for and simplify the potential investment you are about to make.

Just remember, a foreclosure list should always be free.  There are so many financial organizations that are looking to move inventory that you should never have to pay for the information that is public record.