| Post-Bankruptcy
Report (PBR) properties are, in essence,
PRE-PRE-foreclosures. Depending on how quickly
a Seller responds to your marketing piece,
you could easily have at least two to four
months before the foreclosure
process even starts, which is plenty of
time to get the deal done! That brings us
to one of the big differences in PBR leads
vs. other leads you may find ... you get
a critical time advantage
over all the foreclosure investors! Why
be one of the thousands
of investors in your area chasing foreclosures
when you could get to hundreds
of these Sellers before
the masses start marketing to them?
Any other differences?
First, no one else knows about these
leads. That's a huge
benefit ... your competition is minimal!!
Second, because of the secrets we've discovered
about digging deep in the public records
for these leads, you may be talking to Sellers
while their bankruptcy is still active.
Please don't be intimidated by that fact!
This is where you have the opportunity to
really set yourself apart
from (and above) all the other investors
out there. You only need to get comfortable
with the bankruptcy terminology and process.
We simplify everything (including the paperwork)
for you and have all the step-by-step details
you need to be successful!
Beyond these differences,
PBR leads will bring you the same variety
of purchasing opportunities. You'll find
homes with plenty of equity that you can
purchase "as usual." You'll also
find Subject-To deals.
Subject-To purchases are
where you buy the house 'subject-to' the
existing mortgage. This is our favorite
way to purchase a home! YOU are now the
property owner, and YOU start making the
monthly payments on the loan, but the Seller's
loan stays in place. This is a valuable
strategy when you like the terms of the
existing loan and/or don't want to have
to come up with your own cash or a new loan
to purchase the property.
Finally, you'll also
have opportunities to negotiate Short
Sales with these very motivated
lenders! Short Sales are
deals where the Seller (the bankruptcy filer)
owes more to his/her lenders than the house
is worth ... or even just more than you
want to pay for it to be a good deal. So,
you negotiate with the lender to accept
less than what the lender is owed (to save
them from losing even more money by going
through foreclosure and potentially owning
the property). You end up buying the house
at a nice discount, the Seller avoids a
foreclosure on his/her credit, and the lender
is thrilled to be rid of this non-performing
note (aka: headache)! It's a "win-win-win!"
. This is another unique quality of the
PBR leads - MANY of them have EXTREMELY
motivated mortgage companies. Think about
it, often times these mortgage companies
have had non-performing loans on their books
for months ... even YEARS. And we all know
how badly the mortgage companies want to
rid themselves of bad debt!!! With the risk
of extending this bad debt on their books
for even longer due to the bankruptcy, many
mortgage companies are willing to come to
the table and negotiate when they were previously
not willing to do so.
Once you subscribe to
our Post-Bankruptcy Report, or register
for our complimentary Newsletter, you'll
have access to the full members' web site
with quality training materials and more
learning articles.
Click
here to learn more about our Post-Bankruptcy
Report!
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