“If You Have 2 Hours, I’ll Show You How to Buy a Foreclosed Home for Pennies on the Dollar”

New Book Reveals How Home Buyers & Investors Can Profit from the Foreclosure Crisis …

Dear Bargain Hunter,

The current foreclosure crisis has opened up an amazing opportunity for home buyers to find their dream home at an unbelievable price. It also opens the door for real estate investors to lock in massive profits buying great properties at discount.

 

“Prices are back to where they were in 2004.”

David M. Blitzer, Analyst,
Standard & Poor’s

As you probably already know, a record number of homes across the country went into foreclosure in 2008, and that number is only expected to grow in the near future. All these foreclosures are making the real estate market one big “clearance sale” for homes, as distressed homeowners and banks try desperately to unload properties.

Just to give you some perspective: In the United States in 2006, the percentage of houses in some stage of foreclosure was as low as .58%. Just one year later (2007) more than 1% of all homes were in some stage of foreclosure. And some states (such as Florida) had foreclosure rates of 2% or more.

The trend continued through 2008 and early 2009, as foreclosures continued to rise. The statistics show that the number of foreclosures in 2008 jumped 112%, reaching a nationwide average of 1.8%.

In fact, some experts predict that one-quarter to one-third of all homes on the market in early 2009 will be bank-owned (foreclosure) property. And what does this mean to you? It means there will be plenty of opportunities.

“We expect that foreclosures will continue to dominate the market in 2009, and well-educated consumers will be able to find great deals on these properties.”

Rick Sharga,
Senior Vice President, RealtyTrac

But I don’t have to tell you that there are great deals out there – you’ve already heard about homes that are selling for a fraction of what they are worth. Some homes can be purchased for 20%, 30%, some even 40% and more under their market value.

In the past, I have typically advised my clients against buying a foreclosure. This is because in the past, home foreclosures were not very common, and the majority of foreclosed homes were in really bad shape.

This meant that investors had to spend weeks or even months to even find one, then they would be in a bidding war to buy it; and finally, they had to have a ton of cash to rehab them.

This has all changed now because of the foreclosure crisis. There is a large supply of these homes, which has many benefits:

·        Homes are easy to find.

·        Banks are taking lower offers

·        Bidding wars are no longer common

·        The homes are in much better shape. Some brand new homes are foreclosed upon!  

·        Opportunity to lock in massive profits at the bottom of the market.

But I don’t have to tell you that there are great deals out there – you’ve already heard about homes that are selling for a fraction of what they are worth. Some homes can be purchased for 20%, 30%, some even 40% and more under their market value.

All Foreclosures are NOT Good Deals

  • You Will Probably Still Overpay When Buying a Foreclosed Home if You Don’t Know What You’re Doing.
  • You could be stuck with Thousands of Dollars of Costly Repairs.

The point is that this is a great opportunity, if you understand the “Insider” Foreclosure Secrets. Even though finding and buying a bargain basement-priced home sounds like a great idea, not everybody knows how to do it. Unfortunately, buying a foreclosure is not as simple as buying a home traditionally.

Which brings me to the point of this letter:

I’m going to make the foreclosure buying process a whole lot simpler for you …

I’ve come across people who don’t understand the foreclosure process at all. And it’s even easy to be confused by some of the terminology you hear. What is a “short sale?” What is “pre-foreclosure.” Many people wouldn’t know the first place to look for a foreclosed home, let alone do proper research to make sure they buy the right one.

Think about it: If I gave you $100,000 right now and told you to go buy a foreclosed home, would you be able to? Would you know how to find the right home? In an area you want to live? How to bid on it? When to bid on it?

No? Well, if you can’t figure it out with MY money, it would certainly be a much tougher task doing it with your own money at stake!

And that’s OK. The foreclosure market has never before been a big opportunity for anybody but the bravest risk-takers, the expert flippers and the investors with the deepest pockets. That’s because good ones have been hard to find and were always in terrible shape.

But now with all the opportunity out there – many more homes and better quality homes – ANYBODY who’s even thinking about buying a home, for a personal residence, vacation home, rehab “flip,” rental property, whatever, should make themselves familiar with the foreclosure market.

The brutally honest truth is that foreclosures are going to make up a HUGE percentage of the available homes on the market in the next year or so. If that’s what’s on the market, THAT’S what people need to know how to buy.

Which is exactly why I have written my new 100 page book ...

“Foreclosure Home Buying Secrets”

This book is an easy-to-follow, how-to manual for foreclosure home buying. It’s a step-by-step guide for the beginner, but it’s also jam-packed with secrets and tips that not everybody is sharing, which means even experienced buyers will benefit from reading it.

In this 100-page book, you will learn:

  • How the Foreclosure Process Works, the Foreclosure Process Timeline and Definitions of all the Terms you need to know
  • Why all Foreclosures are NOT Good Deals
  • Text Box: Attention Members

Buying a foreclosed home can be a great investment, too, whether it’s rental property or for resale.

Last fall, IFL Member Rick Boruszkowski decided to purchase a foreclosed home for a little over $70,000. It was a home near the lake here in Cleveland, and I knew he was buying it for considerably less than market value. His plan was to keep the property as a rental unit.

He put some sweat equity into the home, doing about $6,000 in minor repairs – all work that he could do himself.

While he was showing the home to prospective renters, one of them told him they’d like to buy it. He had a cash offer for $120,000! He accepted, and the deal closed before Rick even had to make a mortgage payment.

In a short period of time, Rick:
•	Purchased a foreclosed home for $73k in October 2008 with 20% down ($14k)
•	Spent approximately $6k in repairs/improvements
•	Wrote up purchase contract for $120k, less buyers closing costs — net sell price of $115k
•	Closed deal and transferred title in early December, all prior to having to make a mortgage payment.

Rick paid $73k plus $6k in repairs for a total investment of $79k. His net price was approximately $115 after closing costs, fees, etc. Rick had an approximate profit of $35k in less than two months! 

Isn’t it time for you to learn how to do what Rick did?





How to Get Distressed and Motivated Sellers to Come to YOU
  • The Best Time to Make an Offer on a Distressed Property, and how to Get Your Offer Accepted

How to Search the Public Records, Use an Online Service, Check Government Websites, Browse Bank and Asset-Management Websites and other methods of researching properties – must have information!

  • How to Properly Inspect the Property (and save thousands!)
  • How to Research Comparable Sales
  • What to Expect at the Foreclosure Auction
  • Everything You Need to Know about Bidding at a Foreclosure Auction (and why you might not want to!)
  • What Happens After You Win a Foreclosure Auction
  • How to Avoid Hidden Costs
  • What You Need to do after Closing
  • Everything you Need to Know about Competing with Other Buyers in the Current Market, Including how to Operate in Declining vs. Inclining Markets
  • What Historical Foreclosure Data Look Like and What the Forecast Calls for in the Near Future
  • The Difference between Acquisition and Investment Strategies and What Approach fits YOUR personality
  • And More!

Look, it would be great if we could all buy properties for 30%, 40%, even 50% under market value that produce huge cash flow or are paid off quickly. But unless you have the right knowledge when it comes to buying foreclosures, you will more than likely pay too much or get stuck with costly repair bills. This book will give you the right knowledge.

You get instant access to my book, “Foreclosure Home Buying Secrets,” for FREE (a $19.95 value). It is NOT available in stores. But you can get immediate access after faxing in the attached order form.

This book is being offer FREE for a limited time because I really want you to know the ins and outs of foreclosure home buying. I know you can find great investments by following this proven step-by-step process. I want you to get the best possible deal when buying a home!

So download your “Foreclosure Home Buying Secrets” book now!

Happy Bargain Shopping,

Tami L Roberts

Tami L Roberts
Author & Broker
MyFavoriteAgent.com LLC

P.S. I should probably give you fair warning – there is information in this book that banks DON’T want you to know. It’s easier for them to deal with inexperienced buyers. But if being an educated buyer ruffles a few feathers, that’s their problem, isn’t it?!

To get your free copy of "Foreclosure Home Buying Secrets" book now compete and submit the form below. Then you will receive an email from our email provider asking you to confirm that you ordered the book. Once you have confirmed the order, you'll receive an email within a few minutes with the book attached!

Get a free copy of Foreclosure Home Buying Secrets Book

P.S.S. You will also receive a FREE trial to subscription the Daily Foreclosure Report for Baldwin County, Alabama automatically. Of course, you may unsubscribe at any time.

When you submit your information to us, you are giving permission for us to contact you. Your privacy matters to us, we will not sell or rent your information submitted. Tami Roberts is an Alabama licensed broker and owner of MyFavoriteAgent.com LLC located at 307 S. McKenzie Street in Foley Alabama 36535. FAX: 251-650-1304. Copyright 2009 (c) MyFavoriteAgent.com LLC