
Are you thinking that the brokers price opinion is the way to
go?
So you believe that is the best way that you really want to follow?
If you are an active real estate agt, we have something in common.
I'm a disillusioned realtor. After 2007 the market just blew up. My
team of buyer agents has made very few sales and even then can
close on a small percentage. Probably like you, I figured that as
the number of agents dropped like a stone, there would be enough
sales to let the strong make a living. Regrettably, that just
didn't come to pass. No one could have expected this drop.
Of course, broker price opinion work appeals to me as a side income
producer throughout these hard times. The more I considered it,
however, the more I found issues with it.
1. Performing price opinions for reo's will not result in you
obtaining any listings from that bank.
Next, you don't really make anything when its all said and carried
out.
three. Even with the number of foreclosures now and coming up, you
can't make a living with this.
Of course I am preaching to the choir. Your field is real estate
and the skills are not transferrable. The good news is that I do
have a real choice for you. An option that makes truly large money.
With the assist of a very smart investor that I've worked with in
the past, I've come up with a system that can make you incredible
money. It can replace what you have lost and then some.We're
talking large cash. And the money is created at foreclosure
auctions. Allow me to explain by telling you how we discovered
this.
All this began in '05 when an investor and I had been deed flipping
like mad. My investor and I bought a deed from an owner just prior
to foreclosure. We were going to later sell the deed to an investor
at the foreclosure sale. For the first time ever, no 1 bought the
deed. There was only a initial mortgage against the home. Our study
told us that the house was going to sell for far much more than the
debt at the foreclosure sale. The point was to sell the deed to 1
of the bidders. That bidder would then be able to redeem the deed
for just what was being foreclosed upon and own the property. The
bidder would save quite a bit because the house was bid above the
total of the deed price and the payoff of the mortgage. We couldn't
sell the deed at the foreclosure sale. Of course we had the choice
of paying off the mortgage and owning the home outright.. We had
too numerous irons in the fire. We let the deal go and then opened
up the file to see what happened in these situations.
When we opened that file we could not believe our eyes. In this
case the house sold at auction for far over the amount owed against
it. The $50,000 overage - aka surplus funds - had been sent to the
clerk of the superior court. After some inquiries, we discovered
out that this was the norm. Get this. As the deed holder, my
investor and I were the rightful owners of this overage!
We had paid $three,000 for a deed and now could collect $50,000 for
our trouble. What!
Of course, this changed every thing. We went back to the court
house to see if we could get a list of other overages that had been
deposited. After an incredible amount of dead ends, we got our
hands on the list. And it was a really big list.
After much more study, we figured out how to get around finder laws
and make much more money.
Hurry up and hit the link that follows:
brokers price opinion
"You have to expect things of yourself before you can do them." -
Michael Jordan
how to buy foreclosures
charlotte nc homes
Believe that problems do have answers, that they can be
overcome,
and that you can solve them.
- Norman Vincent Peale
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Date Published: Dec 13, 2010 - 6:28 pm