“If You Have 2 Hours, You Can Learn the Secrets of How to Buy a Foreclosed Home”
New Book Reveals How Home Buyers & Investors Can
Profit from the Foreclosure Crisis …
and save thousands of dollars by preventing
some costly mistakes you will learn about in this book.
From
the Desk of: Wayne Barnes
Dear Bargain Hunter,
The current foreclosure crisis has opened up an amazing opportunity for
home buyers to find their dream home, or first home, at an unbelievable price.
It also opens the door for real estate investors to lock in massive profits
by
purchasing
great properties at discount.
“Prices
are back to where they were in 2004.”
David M. Blitzer, Analyst,
Standard & Poor’
And the trend is predicted to continue...
As you probably already know, a record number of homes across the country went
into foreclosure in 2008 and 2009 and that trend is expected to continue
for the near future. All these foreclosures are creating a type of “clearance
sale” for homes in the real estate market, 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% (about 1/2 percent).
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 2010 will be bank-owned (REO) property. What does
this mean to you? It means there will be significant opportunity in the real
estate market.
"We
expect that foreclosures will continue to dominate the market...
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 there are great
deals out there – you’ve already heard about homes selling
for a fraction of what they were worth. Some homes can be purchased
right now for 20%, 30%, some even 40% and more under their market
value.
Pictured below is a home in a nice St. Louis,
Missouri, neighborhood that was purchased for just $33,000. The monthly
mortgage payment on this house is only $703 per month, for a six-year
mortgage. The buyer will have this home completely paid off, free
and clear, in just six short years!
The next picture is a home in
the Cleveland, Ohio, area that was purchased for $40,000. The market
value on this
home
is
$114,000. That means that the foreclosure buyer bought this home
for 35 cents on the dollar.
Although these deals sound fantastic and you may want
to run out and grab a deal right now, you should stop and consider
the following
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, the foreclosure real estate market presents a great opportunity,IF you understand the “Insider” Foreclosure Secrets. Even though
finding and buying a bargain basement-priced house sounds like
a great idea, not everybody knows how to do it, not even all
real estate agents. Unfortunately, buying a foreclosure is
not as simple as buying a home traditionally
and those who don't know how to buy a foreclosure are better off to avoid
it.
Which brings me to the point of this letter:
I’m going to make the foreclosure buying
process a whole lot simpler for you …
First, let me tell you a little
bit about myself. My name is Wayne Barnes, and I’m a full-time, active, licensed
Realtor® in
Oklahoma, a state that has seen its share of foreclosures. I have been working
with HUD homes, VA houses and REO properties for the last 20 years. I am listed
as a "Local Real Estate Specialist" in the Agent Network on one of the primary
foreclosure web sites.
I have worked with a huge number of home buyers, and lately these buyers
keep bringing up the subject of foreclosures. And I continue to hear one main thing over and
over.
“Can you teach me how to buy a foreclosure?”
I’ve come across people who don’t understand the foreclosure process at all.
It’s easy to be confused by some of the terminology you hear. What
is a “short sale?” What is a “pre-foreclosure.” Many people wouldn’t know
the first place to look for a foreclosed property, let alone do proper research
to
make sure they buy the right one, at the right price.
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 do so? Would you know how to find the
right home? In an area you want to live? How to bid on it?
No?
Well, if you can’t figure it out with MY money, it would certainly be a much
more daunting 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, in the past, "good" foreclosures 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 predicted to continue to make
up a SIGNIFICANT percentage of the available homes on the market for the foreseeable
future. If that’s what’s on the market, THAT’S what YOU need to know how
to buy.
Which is exactly why I have helped edit a 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 over100-pages book, you will learn:
How the Foreclosure Process Works, the Foreclosure Process Timeline and Definitions
of the Terms you need to know
Why all Foreclosures are NOT Good Deals
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 a 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 Looks 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 needs
And More!
Look, it would be great if we could all live in a gorgeous home we bought for
30%, 40%, even 50% under market value, or if we could all finally afford
that vacation home or purchase rental properties that produce HUGE positive
cash flow. 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.
The book is the “meat and potatoes” education
you need for foreclosure buying. And if you’re serious about
buying a foreclosed home, you would be crazy not to get this
information immediately.
You get instant access to the book, “Foreclosure
Home Buying Secrets,” for just $19.95! This book could save you thousands of dollars when you learn how to avoid some very costly mistakes.
(The information will come to you as a pdf file in an instant download so you can begin to learn the information that could save you thousands!)
YES! Wayne,
I plan to buy a house so I know I need to get my own copy of
"Foreclosure Home Buying Secrets!"
I'm Clicking the Button Below and
Ordering Right Now!
Finally,
the missing piece of the puzzle!!.
Only $19.95.
This book is priced so low because I really want you to know the ins and outs
of foreclosure home buying. I know you can find a great home
by following this proven step-by-step process. I want you to
get the best possible deal when buying a home!
So order your “Foreclosure Home Buying
Secrets” book now …
Happy Bargain Shopping,
To Your Success,
Wayne Barnes
TheForeclosuresBook.com
P.S. I should probably give you fair warning – there is information in this book
that banks and other real estate agents DON’T want you to know. It’s easier
for them to deal with inexperienced foreclosure buyers. But if being an educated
buyer ruffles a few feathers, that’s their problem, isn’t it?!
P.P.S This information is important to ANYONE buying real estate whether foreclosure
or normal, traditional market homes. The tips and tools in this book will be
an invaluable education on the home buying process. Don't make a home buying
mistake
when
you can have
this information at the click of a button.
Copyright 2010 RWB Enterprises - All Rights Reserved
All
Foreclosures are NOT Good Deals 