Get updates on the short sale industry and learn how to capture exclusive short sale leads in your area. Homeowners can get connected with investors, real estate agents and short sale specialists to take advantage of the government short sale give-away programs.

Thursday, December 17, 2009

Short Sale Leads Websites - Special Offer

Here is the special offer:

1.  NO WEBSITE SETUP FEE
2.  FREE LEADS EQUAL TO MONTHLY FEES

From now until the end of the year, when you order a website, the entire amount of your hosting fees is applied to your Cherry Picked Leads account. This way you can get leads even before your website is listed in search engines. Every month that you continue to pay for your website subscription you get that amount credited to your account so you can get the Cherry Picked Leads that are submitted directly by homeowners who are looking for short sale and loan modification information.

How do I get started? Call 530-387-3631, have your credit card ready and the domain name you want to use. Here are examples of sites we have already done so choose a name like these:

*sacramento.shortsaleleads.org
*tampa.shortsaleleads.org
*mountainview.shortsaleleads.org
*yourplacename.shortsaleleads.org

Friday, December 11, 2009

Peter Schiff on Housing Video Blog

Peter Schiff shows his economic brilliance and foresight in this 10 minute video blog. Mr Schiff, who is running for the US Senate seat occupied by Christopher Dodd was one a few people who correctly foresaw and tried to warn others about the housing bubble. His common sense approach and plain speak make him a likable fellow who is still mocked and ignored by pundits and press for his criticism of mainstream (Obamanomic) thinking.

In this video, Mr. Schiff gives his analysis of the days financial events and talks about the bond market, debt ceiling and a recent WSJ article about people walking away from their homes.

Wednesday, December 9, 2009

House Flipping Makes A Comeback

Check out this video from tonight's Kudlow Report.

The experts make the case that you need to be an expert or avail the services of one to make money in foreclosures and short sales.

They make the point that you cannot enter the property and do an inspection to see if the property has been trashed.

The leads offered by www.shortsaleleads.org are contacts with actual homeowners that are interested in doing a short sale.

Tuesday, December 1, 2009

Treasury Issues Guidance On Short Sales

Friday, June 4, 2010
Home Affordable Foreclosure Alternatives Update
The governments HAFA program has had some last minute changes that makes the program twice as appealing to potential short sellers. The foreclosure alternative program now pays out $3000 to homeowners who sell their house for less than they owe - a short sale and now $6000 to second lien holders. Previously the government paid out only $1500.

Lenders are compelled under the new rules to answer a valid offer within ten days. Before theses rules lenders did not have any time constraints and short sales were anything but short.

Lenders who offer HAMP modifications must offer the HAFA program before they can foreclose. The HAFA rules apply only to loans made prior to 2009. The borrower must be "at-risk", which means that they have a verifiable hardship. The program only applies to conforming loans under $729,250 and their first mortgage payment must be less than 31% of income.

Original Post
Under "The Home Affordable Foreclosure Alternatives Program" the Treasury will be issuing checks to homeowners for $1500 and $1000 to lenders when they execute a short sale agreement.  Second lien holders will get up to $3000 to release their interest in a property. The lender must forgive the unpaid balance on the loan. 

Under the new guidelines, lenders have only 10 days to approve or disapprove the transaction.

Here is a link to the Government guidance. https://www.hmpadmin.com/portal/docs/hamp_servicer/sd0909.pdf

http://www.reuters.com/article/ousivMolt/idUSTRE5AT5X520091130

Sunday, November 15, 2009

Short Sale Flipping - How To Make $37,500 in 7 Days

 I have seen information like this offered on the Internet for as much as $4995, packaged in a nice DVD work book and forms.  Here is what you learn.

Short Sale Flipping.

Short sale flipping is a real estate investment technique that has become very popular recently. 

Here is how it works:  First you find a homeowner who is behind in his mortgage and owes more than the house is worth.  This should be easy as about 35% of the homes in the country are underwater.  Next, get the owner to sign a contract that says you will buy his house for 75% of the current value if the bank agrees to relieve him of the mortgage.

Now find a buyer that agrees to buy the house for 90% of the current value.  Lets assume the house is worth $250,000 and has a mortgage of $300,000.  You offer the bank $187,500.  You find a buyer to pay $225,000.   You just made $37,500.

Here is an article about folks that are doing this everyday.

http://www.heraldtribune.com/article/20091115/ARTICLE/911151083/-1/NEWSSITEMAP

Thursday, November 12, 2009

Real Estate Attorney Stephen Meister Video On Fox Business

Watch this fascinating discussion about the next bailout and real estate crash with attorney Steven Meister on Fox Business.


http://www.foxbusiness.com/search-results/m/27371346/fed-s-housing-fix-broken.htm

As readers of this blog know I had predicted this crash a year ago and the next "Mother of all bailouts", now finally it has hit the main stream media.

Monday, November 9, 2009

Using geo-targeting in domain names to generate short sale leads

If you want to get short sale leads in your area you might want to get a domain that targets your specific area and combines your place name with the phrase "short sale". An example of this is http://south-lake-tahoe.shortsaleleads.org. This website is targeted to generate short sale leads in the South Lake Tahoe area. By integrating the place name in the domain name, the search engines will give higher relevance to your website.

Placing links back to your website with keyword anchors you also increase the ranking of your site and achieve a higher placement than a site that does not integrate the place name in the domain name. Be sure your site includes references in context to your target area.

Leadsnet Inc., offers short sale lead generation websites. These sites are made using our proprietary search engine optimization algorithms that get us top results.