Underwater Values = Huge Profits

In today’s Real Estate market we’ve seen a ton of foreclosures
happen all across America.

So how has this created a huge opportunity for everyday Joe’s like
me and you to cash in BIG, even without any money or any credit?

You see, these foreclosures happen mainly because the homeowners
hit a major setback in their financial lives so they’re forced to
use up their savings until they run out.

Then eventually they stop making mortgage payments.

But a lot of these homeowners try to get out before they’re forced
to go into foreclosure. Unfortunately many of them can’t sell
their homes because of the property being worth more than it is.

So as a Real Estate investor, I see a big opportunity here – a
win-win for both me and the distressed homeowner.

How so?

Let me explain…

While I see a huge opportunity in this situation, most other
investors simply miss it. They overlook or ignore it completely,
and they just follow the rest of the crowd.

And they miss out on making a ton of money.

This is why I like this strategy so much, and I know you will too.
You too will be able to take advantage of this opportunity because
your competition is SO low!

Let me explain how it works.

You first contact an Asset Manager that works at or for the bank
that holds the mortgage for that house, and see how low they’d be
willing to ‘sell’ me the unpaid mortgage.

Once you find out how low they’ll go, you can then start doing some
simple math to see how much you can greatly profit from this deal.

Here’s how you’d tell if it’s a great deal or not:

Let’s say the unpaid mortgage balance is $275,000 on that house.

The current market value of that house is $225,000

The bank will ‘sell’ me the mortgage note for just $150,000.

The above is what I’d consider being a great deal, and would go
after it in a heartbeat.

The next step is to have your real estate agent contact the
homeowner, and tell them that an investor-friendly company is
considering purchasing their mortgage from the current bank it is
with.

Then you’d explain to the homeowner that he or she could possibly
stay in the house, since the new buyer of the mortgage would give
them a substantial discount -making their mortgage payments much
more affordable.

We tell the homeowner he or she can take the current balance down
to $180,000 (giving them a $95,000 principal loan reduction), and
they could get a family member or friend to refinance the mortgage
for them.

Once the refinance would take place we’d make $30,000 gross profit,
and the homeowners would be able to keep their home!

It’s a winning strategy that makes you a substantial profit, and
it’s a true win-win for everybody involved.

The original bank gets what it wants, the homeowner gets to keep
the house (and saves $95,000), and you receive a nice profit for
just a few hours of work.

You also get to feel good about yourself because you just helped
someone in dire need!

*IMPORTANT TIP – Make sure you have a solid loan officer that can
get the homeowner’s family member or friend lined up for immediate
financing. The whole process of getting financed through a bank
could take 15-30 days at the most. You won’t close on the note
until you have this part figured out. There’s never any money out
of your pocket if you use a ‘transactional funder’ to make this
deal happen without using your own cash.

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