I hope you had a great weekend. I went racing on Saturday with Karen Hanover at the Richard Petty Raceway in Orlando. We raced real NASCAR stock cars. Man, were they fast! We were going 130mph around corners. If you ever get a chance to do this, I highly suggest it.

While Karen was in town, we went to see a few big multi-family REOs we’re working on.

Here’s a picture of us with one of the cars:

There’s a ton of money in REOs right now. One of the biggest causes of this huge wave of REOs hitting right now is the shadow inventory that was created by our trusty government’s moratoriums and loss mitigation programs.

These programs were a huge failure and actually made the foreclosure situation worse. What it really did was delay the inevitable foreclosures from hitting the market sooner. It created a backlog of REO properties which is called shadow inventory of homes in the foreclosure process that the lenders are now getting back in droves. They have so many REOs and they’re trying to get rid of them as fast as possible, so you can pick them up for a song and flip them the same day for quick profits.

Many people say you can’t double close an REO because the bank is the seller but this is completely false. The people that say that are uninformed because they haven’t taken the time to learn our strategy for double closing REO deals. It’s just like anything. If they don’t know how to do it, they say it can’t be done. The more you learn, the more you earn because knowledge is power.

I’m hosting a special training webinar this Wed night at 9:00 pm ET with none other than the REO Rockstar and we’re going to show you how to take this oversupply of REO properties in the lenders shadow inventory and flip them to make nice quick profit checks within 30 days. It’s a great strategy to supplement your monthly cash flow.

If you haven’t registered yet, what are you waiting for?

Do it now right here:

http://www.dcfawcett.com/go

Gotta go get ready for my coaching call with my Platinum students this afternoon. I love doing these calls.

Talk to you Wed night,

DC

PS. Ever had a short sale die and you had it sold to a buyer already and everything? We’re going to show you how you can go back into the bank and buy the property as an REO, not a short sale to save the deal and your huge profit spread. After all, you already did the work on the property, you know the property well, you found the buyer and YOU DESERVE TO BE PAID FOR IT. We’re going to show you how to save the deal so you get PAID!

Don’t miss this training!

Get in Here:

http://www.dcfawcett.com/go

If you didn’t register for tomorrow night’s webinar yet, you need to do that now because I’m going to be introducing you to my longer term transactional funding private lender and you’ll be able to get access to use his money too.

Register for the webinar here:

http://www.dcfawcett.com/go

Here are a few strategies you’ll discover on tomorrow night’s webinar:

How to flip properties to FHA buyers in today’s market without using a land trust

How to legally and ethically overcome conventional lender seasoning requirements

How to close Bank of America and Wells Fargo deals with 30 Day hold requirement

How to save your deal if the short sale lender will not postpone a foreclosure sale or if your buyer misses their closing deadline

How to maximize your profits with short sales and REO’s

The pros and cons of working MLS listed short sales vs unlisted MLS short sales

When to use and not to use a proof of funds letter

The best resources for finding cash buyers right now

How to legally close double closing flip transactions where they are not on the same day….They can be days, weeks, or months apart without using an of your own money or credit.

The Pros and Cons of all financing options available today (Conventional, Hard Money, Transactional Funding, 30-60-90 Day Funding)

Join me on this webinar here:

http://www.dcfawcett.com/go

Talk to you tomorrow night,

DC

P.S. We’re also going to take a few questions at the end of the call but we are almost full so you must register now if you want to get in on this.

Sign in here:

http://www.dcfawcett.com/go

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:

We’re already seeing some very big signs of the upcoming crash in the commercial real estate market. Over the next 2 weeks, I’m going to be bringing you some cutting edge training on commercial foreclosure investing. There’s a huge opportunity in commercial foreclosures that’s right at our doorstep and I’m going to show you how you can make massive profits in commercial foreclosures starting immediately.

The first commercial foreclosure training is this Sunday night at 8:00 pm ET. Because of my schedule, I will NOT be able to offer an encore webinar for this training. I’m only doing it once. And I will not have a replay of the training available.

NOTHING WILL BE SOLD on this training.

We’re going to fill up fast for this training because this is a very hot topic.

Register Here:

www.dcfawcett.com/go

Commercial real estate prices are going to hit rock bottom this year and now is the time to get the best deals in commercial. Commercial properties are not valued the same as residential properties. Residential properties are valued by the comps of what other houses have sold for in the neighborhood. Commercial properties are valued by their net operating income, essentially how much income the property produces for the owner.

The more vacancies a building has means the less the property is worth. Today more and more businesses are cutting jobs and going out of business which means commercial properties have more vacancies which drives down the value of the properties. You can acquire these properties for a song and turn them around quickly while making huge profits by adding value and refinancing them or selling them.

I’m talking large chunks of cash here. These are not 5 figure paydays anymore. The average profit on these deals is in the 7 figures. How many of those deals do you need to replace your income?
The banks are expected to lose $300 Billion from the commercial real estate they own. You can easily get a piece of this $300 Billion by using the cutting edge strategies that I’ll be revealing to you Sunday night.

On Sunday night, I’m going to show you a website where you can instantly locate the small locate banks that desperately need you to take these properties off their hands. Once you discover this unspoken secret that guys like Donald Trump don’t want you to know about, commercial foreclosure investing will be so easy for you. It’s like shooting fish in a barrel.

Join me here:

www.dcfawcett.com/go

I look forward to talking with you Sunday night,

DC

PS: Once we are full for this training, we are cutting off registrations. The number of people attending my webinars has been multiplying so I wouldn’t wait on this. I will not be able to do an encore training or a replay for this so make sure you show up Sunday night and don’t be late or you won’t be able to get in because we’ll be full.

Get access here:

www.dcfawcett.com/go

This training is critical for your success and you must attend it to get critical information about the upcoming VSSI Live Acceleration Event.

This is a pre-training event to give next month’s seminar a jump start. Nothing will be sold on this webinar!

We will be going over several case studies on luxury homes that will show you how to build a business that generates a
$1M annual income on autopilot with absolutely ZERO Marketing costs!

Here are just a few of the things that you’ll Discover on this webinar:

The 3 things that will kill a Realtor’s deal and their
paycheck if they don’t have an investor involved in the
deal and how to step in as the knight and shining armor and save
the deal while making it a win-win for everyone involved so
everyon’e gets paid.

The 2 most powerful reasons why an agent should work with
you on their short sales so they will bring their deals to
you and only you.

The # 1 thing you should be doing right now to guarantee
your success in this Foreclosure RICH environment.

Nothing will be sold on this webinar! It is 100% training.

Register Here:

www.dcfawcett.com/go

Ok lets move onto the questions of the day:

Eloise asks: I have had 3 recent foreclosures on rentals. How will I be able to buy short sales?

D.C.: Flipping short sales with my virtual short sale strategy does not rely on your credit. You can have no credit or terrible credit and make as much money as you desire flipping short sales because my transactional funder does not check your credit. I’ll show you how to do it in detail tomorrow night. Join me here:

Joe asks: When you submit your short sale package, your down good faith money, what is amount you would normally submit…

D.C. I don’t submit any earnest money down. You need to position yourself as the expert and the solution to the real estate agent and their seller. They need to follow your guidelines. You do this by using a well-crafted presentation. I’ve created the presentation for you and it’s in the ARMM forms disk. Matt is going to be showing you more tips for working with agents and overcoming their objections on tomorrow’s webinar and at the VSSI Live event in Jan.

If the agent insists on putting something in the contract on the earnest money deposit like, use TBD. And you are also covered in the addendum I provide for you in the Acquisition Paperwork because it says that you don’t need to write the check for the earnest money until the short sale is approved and you don’t need to approve the short sale until the closing happens. You are covered.

Talk to you tomorrow night at 8:00 pm ET,

DC

P.S. We were completely full last for last Tuesday’s training with me and my top student. We’re doing it again tomorrow night and we’re almost full. This is the last time we are doing this training. So if you want to see it again or if you missed it, this is your final chance.

Get in Here:

www.dcfawcett.com/go

I hope you had a great weekend.
The holidays are upon us. Me and Tyler went out Christmas shopping this weekend and there doesn’t look like there is any signs of a recession based on the crowds of people buying stuff at the mall.

We are almost in 2010 and there is huge influx of foreclosures coming in 2010 – more than we have now and I’m on a mission to ramp up your business. In order to ramp up your business, you need more hours in the day or you need to get some assistants – virtual assistants.

Tues night, I’m going to show you how you can get twice as much done doing half the work.
2010 is going to be your best years ever and My VSSI Live acceleration event in January is going to make that happen for you but you don’t have to wait until 2010 to jumpstart your business. We’re starting Tuesday night at 9:00 pm ET.

Join me here:

www.dcfawcett.com/go

Here’s an article I found written by Britanny Dunn 12/11/09 that shows what’s coming in 2010.
As many exotic adjustable rate mortgages (ARMs) are set to recast in 2010, the Consumer Mortgage Audit Center (CMAC) is projecting a mortgage crisis in 2010 as large as the subprime.

“We’ve spoken to Florida attorneys who sit at the forefront of the U.S. foreclosure crisis and have learned that 53 percent expect recasting ARMs to present a mortgage crisis as large as subprime and 61 percent expect to work on more loan modifications in 2010 than they did in 2009,” said Sylvia Alayon, VP of operations for CMAC “The New Year is going to hold very rude awakenings for some homeowners, but there are things you can do to analyze your situation and get help if you need it.”

Option ARMs enable borrowers to make monthly payments that are interest and principal, interest only, or just part of the interest due. After months and years of paying less than their full monthly payment of both interest and principal, many homeowners accumulate negative amortization. This means the amount of interest due on a loan becomes higher than the amount of the actual loan itself. As the majority of ARMs begin to recast in early 2010, housing bills will inflate, and many homeowners will be forced to repay the negative amortized balances.

“Recasting will undoubtedly lead to another wave of foreclosures as payments begin to double and triple,” Alayon said. “When principal balances go up and house values continue to plummet, refinancing will no longer be an option for homeowners in negative amortization.”

According to Alayon, only a few option ARMS in existence have been modified, but she believes many more homeowners will rush to modify their loans as they slip closer to negative amortization. Homeowners who act now to modify exotic mortgages may be saved from negative amortization and eventually foreclosure, Alayon said.

“Depending on each homeowner’s unique financial situation, we’ve seen everything from lenders modifying mortgages lower to make them affordable again to Fannie Mae allowing homeowners facing foreclosure to shift from homeownership to home rental,” said Alayon. “Options are out there, but you have to do some work to get to them.”

The data used to create CMAC’s prediction of a major mortgage crisis in 2010 came from the responses of 150 Florida Bar Association attorneys from November 3 to November 6, 2009, in a survey sponsored by CMAC. Responding attorneys specialized in real estate, general practice, civil law, and foreclosure defense.

As a due diligence and consulting company, CMAC specializes in the field of mortgage forensic research and analysis. The company boasts a specialized team of mortgage experts who are also members of the American College of Forensic Examiners and represent a combined experience of over 80 years in mortgage finance and law.

As you can see, we’re not even half way through this foreclosure crisis. Its only the tip of the iceberg and this next wave is going to be bigger that what we’ve seen in the past 2 years.

I’m going to prepare you for it so buckle your seatbelt and join me for the ride. We’re starting Tuesday night at 9:00 pm ET

Get access here:

www.dcfawcett.com/go

Talk to you on the training,

DC

P.S. If you are in my platinum group, your live coaching call with me is today at 4:00 pm ET. Don’t miss it. You were sent the info in a separate email.  I’m going to be sharing some recent short sale approvals we just got on deals for our platinum members. The profit spreads on these deals are over $100,000 each.

I hope you enjoyed the webinar this morning.

If you missed it, here’s the "cliffs notes" version of

"The Real Truth about buying land for pennies on the dollar from TAX SALES."

The Myth Dispelled

Buying properties for pennies on the dollar from Tax Sales DOES NOT WORK. You’ve seen the late night infomercials of people selling you their course and telling you properties are available for the back taxes for just $352 per property! Yeah right. This is all BS.

The only properties that can be bought at tax sales likes this are worthless to you and me. There are BIG corporations that go to the tax sales and bid on all of the tax certificates and tax sales that drive the interest rates of the tax certificates way down and the prices of the tax sales way up.

Here’s the real deal!

Jack Land Strategy DOES work. He does NOT acquire his properties from Tax Sales. He’s done over 5,564 of these simple land transactions and currently sells 20- 40 properties per month on near auto-pilot without ever needing to leave his office.

You can do this with very little money, no credit and zero previous experience. He’ll show you exactly how he does it. (As you go through the course you’ll feel like you’re looking over Jack’s shoulder watching every move he makes.)

I suggest you get Jack’s Course Now before they are all gone. I have it myself and one of my local apprentices is studying it and implementing it right now! There is a huge opportunity to make big money in this untapped market.

The builders are starting to buy land again and they are great buyers we are going to flip these land deals to. Commercial Foreclosure Land Deals are a gold mine and they are coming. Will you be ready for them? I’m also throwing in the bonuses below when you take action and get his course here.

Get his course now right here:

http://www.dcfawcett.com/here

In fact, Jack’s so committed to your success when you invest in his program you’ll be given access to his list of over 21,791 active land buyers to quickly flip all of the deals you find for top dollar, and UNLIMITED LIFETIME SUPPORT to get all your questions answered as you put the program into action.

Bonus # 1 (For first 10 Action Takers Only) [Value $10,000]

2 Tickets to attend my VSSI Live Acceleration event in Los Angeles, Jan 28th-31st.

When you get Jack’s system today, you will get 2 tickets to attend my event. Or you can buy 2 tickets on my website for $5000 each here if you prefer.
Here is the order page for the VSSI Live event for $5000 ticket:

http://vssivip.com/fwsndc/

Bonus # 2 – 3 FREE Deal Submissions -[Value $750]

When you get Jack’s system today, I’m giving you 3 FREE deal submissions worth $250 each. You will not have to pay $250 when you submit a deal to us for negotiation. (must be active VIP PLUS member)

Bonus # 3 – My Private Lender Presentation – [Value $1000]

My private lending powerpoint presentation. There will come a time in the next few months where you will graduate from the small land deals and you will get into doing larger land deals and commercial foreclosure deals and for this, you will need private money. A lot of it. And I’m giving you our private lending presentation we use with our private lenders to get all the private money we need.

Bonus # 4 – My Private Lending Money Getting System – [Value Priceless]

I’m giving you my secret lead source that will allow you to
pinpoint private lenders that are actively lending money to
your competition.

Go try to get this list somewhere. I dare you! nobod*y has
this list! I’m giving it to you when get Jack’s system right now.

After you get Jack’s system, you will have our private
lending presentation and my list of private lenders. You
will have the tools and resources to acquire as much private
money as you could ever need.

You will be able to acquire $200,000 in private money this
year and at least $1,000,000 in private money next year
using my Private Lending Money Getting System. Don’t miss
out!

Bonus # 5 – Private Money Lending Secrets Revealed [Value $500]

Last week’s webinar was not recorded and was 100% training and no selling about the secrets we use to acquire all the private money we could ever need. We did the training over again and we did record it and you will get a copy of it to listen to again or watch it for the first time if you missed last week’s webinar.

Real World Value of Bonuses: $12,250.00

Get them all here when you get Jack’s course right now:

http://www.dcfawcett.com/here

I look forward to sharing success stories with each other for our land deals at my VSSI LIVE in Jan.
DC

PS: With over $39,079 in real value and bonuses and full 30-day money back guarantee, Jack’s made it a no brainer. THERE IS NO RISK.

When you invest in the Land Profit Generator today, before copies run out, you’ll also receive…

    ***2 tickets to his ALL CONTENT live Land Profit Workshop in January of 2010
    ***The 6-week live and interactive quick start webinar series
    ***All of the forms, contracts and marketing material Jack uses in his own business
    ***60-days access into his Land Profit Gold program
    ***His automated call processing software
    ***Your own land selling website
    ***Access to his list of over 21,000 cash-waving land buyers
    ***UNLIMITED LIFETIME SUPPORT

And you get a full 30-days to review the program no-risk and put the program into action before making your final decision.

There’s no risk. Try it for the first 30 days and if it’s not for you, send it back! And you get to keep all the knowledge you learned from the course. NOBODY can ever take that away from you!

Get it now before he runs out right here:

http://www.dcfawcett.com/here

We’ve had a bunch of people calling our office over the past 2 days asking if they can split the investment in Jack Bosch’s land profit system into 3 or 4 payments. Well, I talked to Jack for you and I’ve got some great news.

He agreed to offer a flexible payment plan for you and you can NOW get started making big finder’s fees flipping land deals with no cash, no credit, and no previous experience for only a fraction of the total investment.

Don’t worry. Everything is still included in the system, even his list of $21,791 buyers and my $12,250 in bonuses (see below for list of bonuses).

Go Here NOW to Get started for 75% off

http://www.dcfawcett.com/here

I suggest you get Jack’s Course right away because now that he just opened up this flexible pay plan option, his systems will be SOLD OUT by the end of the day. When he is sold out, he is taking the course off the market because he doesn’t want too many people knowing about this untapped market.

I have Jack’s system myself and one of my apprentices is studying
it and implementing it right now! That’s the beauty of this system. He teaches you how to outsource everything so 100% of the deals are done for you. You can use the system yourself or just hand it off to someone else and make big money on these deals doing none of the work!

There is a huge opportunity to make big money in this untapped market.

The builders are starting to buy land again and they are
great wholesale buyers we are going to flip these land deals to.
Commercial Foreclosure Land Deals are a gold mine and they
are coming. Will you be ready for them?

When you get Jack’s system today, I will partner with you on these types of deals. And because I want our partnership to grow, I’m throwing in the bonuses below when you take action and get his course Click HERE! .  

Get his course now right here: [75% off with new plan]

http://www.dcfawcett.com/here

In fact, Jack’s so committed to your success when you
invest in his program you’ll be given access to his list of over 21,791 active land buyers to quickly flip all of the deals you find for top dollar, and unlimited LIFETIME SUPPORT to get all your questions answered as you put the program into action.

Bonus # 1 (For first 10 Action Takers Only) Value $10,000

2 Tickets to attend my VSSI Live Acceleration event in Los
Angeles, Jan 28th-31st.

When you get Jack’s system today, you will get 2 tickets to
attend my event. Or you can bu*y 2 tickets on my website for
$5000 each here if you prefer.

Here is the order page for the VSSI Live event for $5000
ticket:

http://vssivip.com/fwsndc/

Bonus # 2 – 3 FRE*E Deal Submissions -Value $750

When you get Jack’s system today, I’m giving you 3 FRE*E deal
submissions worth $250 each. You will not have to pay $250
when you submit a deal to us for negotiation. (must be
active VIP PLUS member)

Bonus # 3 – My Private Lender Presentation – Value $1000

My private lending powerpoint presentation. There will come
a time in the next few months where you will graduate from
the small land deals and you will get into doing larger land
deals and commercial foreclosure deals and for this, you
will need private money. A lot of it. And I’m giving you our
private lending presentation we use with our private lenders
to get all the private money we need.

Bonus # 4 – My Private Lending Money Getting System – Value Priceless

I’m giving you my secret lead source that will allow you
to pinpoint private lenders that are actively lending money to
your competition.

Go try to get this list somewhere. I dare you! nobod*y has
this list! I’m giving it to you when get Jack’s system
right now.

After you get Jack’s system, you will have our private
lending presentation and my list of private lenders. You
will have the tools and resources to acquire as much
private money as you could ever need.

You will be able to acquire $200,000 in private money this
year and at least $1,000,000 in private money next year
using my Private Lending Money Getting System. Don’t miss
out!

Bonus # 5 – Private Money Lending Secrets Revealed Value $500

Last week’s webinar was not recorded and was 100% training
and no selling about the secrets we use to acquire all the
private money we could ever need. We did the training over
again and we did record it and you will get a copy of it to
listen to again or watch it for the first time if you missed
last week’s webinar.

Real World Value of Bonuses: $12,250.00

Get them all here when you get Jack’s course right now:

http://www.dcfawcett.com/here

I look forward to sharing success stories with each other
for our land deals at my VSSI LIVE in Jan.
 
DC

PS: With over $39,079 in real value and bonuses and full
30-day money back guarantee, Jack’s made it a no brainer.

THERE IS NO RISK.

When you invest in the Land Profit Generator today, before
copies run out, you’ll also receive…

***2 tickets to his ALL CONTENT live Land Profit
Workshop in January of 2010

***The 6-week live and interactive quick start webinar
series

***All of the forms, contracts and marketing material
Jack uses in his own business

***60-days access into his Land Profit Gold program

***His automated call processing software

***Your own land selling website

***Access to his list of over 21,791 cash-waving land
buyers

***unlimite*d LIFETIME SUPPORT

And you get a full 30-days to review the program no-risk and
put the program into action before making your final
decision.

There’s no risk. Try it for the first 30 days and if it’s
not for you, send it back! And you get to keep all the
knowledge you learned from the course. nobody can ever take
that away from you!

get it now before he runs out right here:

http://www.dcfawcett.com/here

Commercial Foreclosures

In Tampa, Florida area particularly, the rents, occupancy rates, and values for commercial properties have been dropped and according to the assumptions by New York based Real Capital Analytics it will drop more day by day.

At the time when there was a boom in housing industry, a lot of houses more than its limit were built in Tampa which contributed to commercial foreclosures.

According to senior market analyst for Real Capital, Mr Ben Thypin, this overbuilding drove the prices of that area to a weak level. Even if the properties were taken back, it was really difficult to recover from the loss.

When the losers sell their properties, they are actually not recovering their losses.  In fact, Tampa. Florida is among the cities with the lowest recovery rates.

According to a report, the recovery rate of this area is about 46 percent. There was a national wide recovery rate of 60 percent, which included the recovery of $ 1.9 billion by the lenders. The report which commented on Tampa, Florida  had a look at 145 commercial states over the nation with a balance of $ 3.2.

Everyone over there knows that if they close down, then the situation could become even worse than it is right now.

According to Real Capital, a minimum amount of $ 130 billion are in commercial foreclosure.

In the current year Commercial foreclosures properties of over $ 9.5 billion has been sold and taken back by the lenders.

The loans are still on the halfway. Time will decide whether the loans will be in profit or not. At the time oh housing, people were financed 70 to 80 percent and now when the prices have dropped, the owners are facing a difficulty of refinancing.

In the late July this year, California based first American Corelogic said that the TAMPA bay area was having $132 million of loan. A more of $ 204 million loan was expected to mature this year.

Huge amount of loans are kept pending for the next year. People wish to improve the condition of this area as soon as possible because if the market doesn’t improve, it would be difficult for owners to refinance.

Thypin also said that they can’t even think of how worse it could go to.

I let the property taxes on one of my subject-to houses go behind and I only received ONE letter from an investor offering to buy the house from me. And I use this strategy and the response I get from my direct mail to luxury homes and commercial properties behind on taxes is incredible! 

Nobody except for this one investor in this area is using this strategy and it is a very powerful strategy to use once you implement it.

Here’s the step by step process I use to find these HOT Deals:

Step 1:
Find the website for the tax collector in the county you want to acquire your short sales in.

Go to Google and type in the term "_____________county tax certificates" and if the tax certificate listings are online, you will find the site.

For Example:

I typed in "polk county tax certificates"
And Google returned these search results:

http://www.google.com/search?q=polk+county+tax+certificates&sourceid=navclient-ff&ie=UTF-8&rlz=1B3GGGL_enUS290US291
Notice the #1 Search result?

http://polktaxes.com/propertytax/taxsale.asp

You are looking for the site that advertises all of the tax certificates for sale because those are all of the properties in that county that are 2 years behind on taxes. This list will include any property behind on taxes where the taxes and insurance are not escrowed into the mortgage payment.

(If the taxes and insurance are escrowed into the mortgage payment, it will not be behind because the mortgage company will pay the taxes even if the homeowner does not pay the mortgage. This is why properties rarely ever get foreclosed on for taxes because they mortgage company will pay off the taxes so they don’t get foreclosed off!) – Be careful of the GURU’s that tell you that it’s possible to buy properties for $312.00 in back taxes! — it’s a joke- it doesn’t work because the mortgage lender will pay the back taxes to protect their mortgage position.

Step 2:
Download the list of Current Tax certificates available.

The list will include the Parcel Id for the property

Step 3:
Cross reference the Parcel ID for each property to the property appraiser website and create a list.

Include this data in the list (in separate Columns:
Owner First Name
Owner Last Name
Mailing address:
City
State
ZIP
Assessed Value
Zoning (ei: SFR, commercial, etc)

Any other data you want to sort your list by
Still confused about how to use Virtual Assistants in your real estate business?
This is a project/task you should outsource to a virtual assistant.
Post this project on www.odesk.com and let the VA’s compete for your business.

Step 4:
Pick a mail piece (postcard) from the Forms disk from my home study course or use this postcard:

Handwrite your message on a piece of paper, scan it into your computer and insert it onto the 4×6" postcard template from www.click2mail.com
This works extremely well because it’s very personal the homeowner thinks they are the only one you sent this postcard to.

Step 5:
Upload your list and your postcard to www.click2mail.com and hit send.

If you’re not so great with a computer, NO Problem. Just contact my personal mail house and they will do it all for you. All you have to do is give him your name and phone number!

jason@gofastink.com

Tell him you want the DC Fawcett pricing and you will get the best deal.
(I hope you understand I just gave you a Million Dollar Resource that took me 6 years to find – He will address all of your envelopes for you too- no more trying to find unreliable stay at home mom’s to hand address your direct mail for you!)

That is the easy 5 step process for finding deals of properties that are behind on taxes and are headed toward foreclosure. After you implement this strategy, you will have a source of deals that your competition doesn’t know about.

We’re having a special training this Wednesday night at 9:00 where we’re going to show you how to get the banks to finance the REO properties you buy from them. If you liked this article, you’re going to love this training this WED night!

Register HERE:
https://www2.gotomeeting.com/register/821307122

Talk to you Wed night,
DC