813 Banks are in Trouble. Do You Know How to Profit NOW from their housing problems?

March 14, 2012

The number of banks on FDIC’s list of problem institutions currently stands at 813 (October-December period), down from 844 prior period federal regulators just reported. Wondering what this means to you, the foreclosure and short sale investor? First let me explain what is happening with these 813 problem banks… These banks are in trouble because of [...]

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New Accounting Model: Banks Required to Book Projected Losses

March 13, 2012

Now that the $25 Billion Mortgage Settlement has been filed in the U.S. District Court in Washington, the nation’s largest mortgage servicers have more incentives to help those who owe 40% to 75% more than the value of their homes. This is really going to bolster the short sale market. (Tune in tomorrow night for more info, [...]

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Distressed Buying the Buffett Way

March 12, 2012

In my recent blog post “17 months of shadow foreclosure inventory” I discussed the recent improvement in mortgage delinquency rates, but there is a tremendous amount of shadow foreclosure inventory not yet on the market. And while the 4Q delinquency data did show a decline in this inventory glut, it remains north of 17 months’ [...]

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10 million new millionaires by 2016

March 11, 2012

I just uncovered some incredible information from Paul Zane Pilzer. If you have not heard of Paul, he is a world-renowned economist, a highly successful social entrepreneur, an adjunct professor, and the author of nine best-selling books and dozens of scholarly publications. Paul was also an appointed economic adviser in two presidential administrations and warned [...]

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Banks Loosen Credit Standards: Housing Recovery in 2012

March 1, 2012

Had a great call last night, shared some really interesting news on the housing market and why we only have 12-18 months to take advantage of the unbelievable foreclosure buys we can make right now, and hold them for huge cash flow and big profits when we sell. If you missed the webinar, a reply will be available today. Give [...]

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Buy and Hold Rentals are Heating Up

February 29, 2012

This just in from USA Today…  Mom and pop investors are capitalizing on a confluence of events: depressed home prices, rising rents and strong rental demand. A typical plan? Buy cheap. Collect rents to cover all costs and give themselve a nice monthly paycheck. Cash out — when home prices recover. (Check out our Elite Group of [...]

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Rental Market to Hit New Highs

February 28, 2012

This in from the Wall Street Journal “Navigating a Tight Rental Market“… I’m not the only one noticing what a great time it is to own rental property. (I’m getting really excited about tomorrow night…. ) “When Kathleen Marin and her boyfriend first moved to the Baltimore area in 2008, their two-bedroom town house cost them [...]

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17 months of shadow foreclosure inventory

February 28, 2012

News came out yesterday that Pending Home Sales are up again, rising 2% in January, 8% higher than January 2011 and now at a 21 month high, since April 2010. Does this mean the worse is behind us? Well, that is what the NAR would like you to think… According to Lawrence Yun, NAR chief economist said “Given more [...]

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Buffett Double Downs on Housing

February 27, 2012

Mr. Buffett is in the news again today. This time, he is doubling down on housing. As much as the market may have disappointed him last year, this year he is betting that the market will recover, and for an interesting reason – hormones. As Buffett sees it, the housing market is suffering because young [...]

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$35,000 to short sale your house, really?

February 15, 2012

This $25 billion settlement with banks has stirred quite a bit of controversy. (Read more on this in my past blog Bank Accounting Change Provides Investor Opportunities). Especially that $35,000 bribe offered to upside owners delinquent homeowners to short sell their house. (More on this below.) Banks slowed the pace of foreclosures to negotiate this settlement for more than [...]

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Ready to Sink or Swim?

February 14, 2012

Now Is Not The Time To Try and Do This Yourself. Opportunities Like This Only Come Around Once in A Lifetime. You’re gonna want to do more than just swim when this dam breaks and floods the market with foreclosure inventory.  You’re gonna want to hop on your jet ski and zip a long picking [...]

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