You'll want to read this... The number of high end luxury homes entering foreclosure is increasing rapidly. And yet, there’s a little known secret most real estate and short sale investors don’t know about.
Here is the secret: Lenders are highly motivated to approve luxury home short sales faster and at deeper discounts because it hurts their financial statements to have these big mortgages in default on their books. Their Wall Street investors don’t want to see these big mortgages in foreclosure on their books. That means you acquire these homes well below wholesale prices and you flip them to end buyers quickly below market value and keep 10%-20% of the sale price (using none of your own cash or credit because they’re short sales). For a $1,000,000 home, that means your profit is $100,000 - $200,000. Million dollar homes are all over the place right now and the number of luxury homes entering foreclosure is increasing every day. And the next wave of luxury homes that is coming between 2010 and 2012 has a ton of high end homes in its inventory, as long as you jump on them before the next guy does. One of the causes behind all of the luxury home foreclosures is the evil Option ARM mortgage that was so prevalent just a few years ago. These high end homeowners got these Option ARM mortgages so they could afford their BIG houses. They were living well above their means and really couldn’t afford to bu*y these houses but they did anyway and now they are in BIG trouble. Because the principal balance of an Option ARM loan increases every Month, and because home prices have declined significantly over the past 3 years, the banks have a BIG problem on their hands with all of these high end mortgages going into foreclosure. You don't need to be told about this, you see it every day on the news or in USA Today and your local newspapers. But the good news is... You can be the solution for these troubled banks and homeowners! This Wednesday at 9PM ET, we're going to introduce you to the EXPERT in luxury home short sales. His team of negotiators handle all of our luxury home short sales and his team will negotiate your short sales too. But he can only work with a limited number of investors. You must be on the webinar to find out how to partner with him. This is an extremely hot topic and this webinar is filling up faster than any webinar we’ve ever done. Register here while we still have some seats available: https://www1.gotomeeting.com/register/546702424 Talk to you on the call, John St. Pierre Director of The Short Sale Academy 156 Fifth Avenue, Suite 1234 New York, NY 10010 [email protected] http://app.streamsend.com/private/w4D0/NeX/jvBtyl7/unsubscribe/8750701 [Non-text portions of this message have been removed]
