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How To Profit From The Coming Foreclosure Real Estate Boom!
By brad wozny
A smart real estate investor will know that using leveage and following a system can net terrific profits in real estate. Particularly with foreclosure properties. Foreclosures are a great way to build a fortune. Now more than ever, because real estate foreclosure rates are the highest we've seen in 46 years...
Here’s a basic strategy investors with foreclosures:
A foreclosure home is up for sale. It's worth $350,000 according to comparable real estate appraisals, but the bank's asking price is $300,000.
The savvy investor will have a contractor or home inspector on their power team check out the foreclosure property in question. In this case, they discover it needs $20,000 of work.Interestingly enough, many real estate homebuyers will pass right over the foreclosed property. Because unlike an investor, they "think" it's ugly.
This real estate offers a handsome opportunity for an opportunistic real estate investor. Savvy investors will also use the Multi-Offer Strategy Technique in a Foreclosure…
This technique uses the principle of offering ‘choice’ to the eager seller – the bank - after it has been on the market for 60 days. Here, the investor submits three offers at a variety of prices ranging from $210,000 to $225,000. They do so by submitting an offer in their personal name, another under their partner's name, and the other under a company name. These
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offers are presented by the Realtor to the bank's loss mitigation department whose sole job is to sell off the banks non-performing assets as quickly as possible. Even if that means the bank registers a loss on the loan of the property by selling to the investor. Since they are buying through a bank's loss mitigation department, their offer of $225,000 is accepted - even though it is well under the asking price. This strategy can work great in a foreclosure-heavy market like Detroit and Denver, Colorado. Yes, foreclosure real estate in Denver and foreclosures throughout Colorado's real estate market are high. And banks in these markets truly are motivated sellers. That's not all! The savvy investor experienced in the real estate contract with a foreclosure will actually get the bank to give them a mortgage for the $225,000. Once the home loan goes through, the investor closes on the real estate, using a 10% down payment from a private lender. The investor then immediately sells the property to another “fix and flip” investor, and nets at least a $75,000 profit. All this by selling it at the original asking price rather, than the actual real estate value of the property! Foreclosure real estate is skyrocketing. Being a real estate investor with this one niche can help you become a multi-millionaire. Discover more real estate investing tips, deal alerts, and receive valuable foreclosure resources and contracts by visiting http://www.MillionaireRiches.com today. It could literally change your life! Cheers, Brad & Mary Wozny “Helping 100,000 Women & Families Achieve Financial Freedom!” Discover How To Buy & Profit from the Foreclosure Real Estate BOOM without Cash and Bad Credit! Foreclosure real estate is soaring to all time highs since the 1960's. Now more than every before, fortunes can be made with foreclosure real estate more quickly than in the past. Learn how to buy and profit from the foreclosure real estate boom in north america, even if you have little cash and poor credit.
Here are some more estate planning articles...
Commercial Real Estate Tips During An Economic Downturn
By Tony Seruga, Yolanda Seruga and Yolanda Bishop
In some industries, an economic downturn can be devastating. It can amount to years of hard work wasting away to nothing. Many people have lost their shirts in a downturn in the stock market. Read more...
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To Fsbo Or Not To Fsbo?
By Nef Cortez
Each year many homeowners decide to maximize the profit on their home sales by selling it “For Sale By Owner”. At first glance, this is the most tempting option to most homeowners especially in the Read more...
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Why Uncle Sam Wants You ...to Purchase A Home!
By Nef Cortez
One of the best tax breaks that the United States Tax Code allows for is the deduction of mortgage interest and property taxes paid on one=s personal primary residence. Over 66% of Americans enjoy Read more...
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Affordable Online Real Estate Advertising
By Milan Matchev
Real estate business generates huge income opportunities for investment purposes rather than as a residential property. Investors own multiple real estate holdings, for residential as well as Read more...
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| orange county estate planning attorney news: |
Goldman Sachs closes below IPO price
Goldman Sachs closes below IPO price
By Aaron Siegel
November 20, 2008, 3:49 PM EST
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Shares of The Goldman Sachs Group Inc. closed below their initial offering price of $53 on Thursday, a first since the company went public in ...
As Citi nose-dives, Saudi prince buys
As Citi nose-dives, Saudi prince buys
By Andrew Coen
November 20, 2008, 11:57 AM EST
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Citigroup Inc.’s stock price nose-dived 30% today in the steepest percentage decline ever for the Wall Street giant, which has lost more than ...
Fidelity shakeup spotlights breakaway brokers
Fidelity shakeup spotlights breakaway brokers
By Sue Asci
November 20, 2008, 3:09 PM EST
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Fidelity Investment’s decision last week to replace the head of its adviser unit with an executive from Morgan Stanley is another sign ...
Paulson: No more ‘too big to fail’
Paulson: No more ‘too big to fail’
By Aaron Siegel
November 20, 2008, 3:43 PM EST
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Treasury Secretary Henry Paulson Jr. today outlined a blueprint to reform the regulatory system and correct the flaws that caused the financial c...
T. Rowe launches global funds
T. Rowe launches global funds
By Aaron Siegel
November 20, 2008, 3:18 PM EST
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T. Rowe Price Group Inc. of Baltimore has launched two funds aimed at providing investors with exposure to the markets in Europe, Asia and the America...
Stocks dive as auto rescue stalls
Stocks dive as auto rescue stalls
By Isabelle Clary, Pensions & Investments
November 20, 2008, 4:39 PM EST
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US stocks plummeted today as lawmakers said a plan to save the US automotive industry is postponed until next month, ...
Economic outlook bleak, index says
Economic outlook bleak, index says
By Aaron Siegel
November 20, 2008, 12:48 PM EST
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The Conference Board's index of leading indicators, which measures the economic outlook for the next three to six months, fell 0.8% in October ...
More insurers set their sights on TARP
More insurers set their sights on TARP
By Darla Mercado
November 20, 2008, 3:29 PM EST
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This week, three more insurers announced their intentions to apply for to the Department of the Treasury’s Capital Purchase Program.
The ...
Unemployment claims reach 16-year high
Unemployment claims reach 16-year high
By Aaron Siegel
November 20, 2008, 1:02 PM EST
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The number of Americans filing claims for first-time unemployment benefits rose by 27,000 to a seasonally adjusted 542,000 for the week ...
Traditional advice will not help retirees
Traditional advice will not help retirees
By Charles J. Farrell
November 20, 2008
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Traditional investment advice won’t help retirees deal with the current market environment.
Advisers need to change their strategies to meet ...
Ambac to settle $3.5B in mortgage debt exposure
Ambac to settle $3.5B in mortgage debt exposure
By Darla Mercado
November 20, 2008, 3:45 PM EST
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Ambac Financial Group Inc. of New York said that it has reached an agreement with its counterparties to terminate $3.5 billion of ...
SEC moves to simplify prospectuses
SEC moves to simplify prospectuses
By Sara Hansard
November 20, 2008, 10:37 AM EST
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The Securities and Exchange Commission voted unanimously today to require that mutual funds provide investors with simpler, plain-English ...
MFS lays off 5% of workers
MFS lays off 5% of workers
By Sue Asci
November 20, 2008, 3:55 PM EST
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MFS Investment Management of Boston today announced the firm is cutting 90 jobs, representing about 5% of its work force of about 1800.
“The reduction is ...
Traditional advice will not help retirees
Traditional advice will not help retirees
Mavericks’ Cuban blogs his innocence
Mavericks’ Cuban blogs his innocence
By Aaron Siegel
November 19, 2008, 12:25 PM EST
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Entrepreneur Mark Cuban, owner of the NBA’s Dallas Mavericks, is defending himself on his website against insider trading charges that the ...
Fidelity names new head of RIA unit
Fidelity names new head of RIA unit
By Sue Asci
November 19, 2008, 5:26 PM EST
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Fidelity Investments of Boston today named Michael Durbin as president of its institutional wealth services division, which provides trading, ...
The Detroit solution
The Detroit solution
By Evan Cooper
November 19, 2008
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It’s taken decades of hard work, but Detroit has managed to ruin the reputation of practically all its brands.
I’m old enough to remember the “forward look” and “extra ...
Slow road to recovery, Fed says
Slow road to recovery, Fed says
By Aaron Siegel
November 19, 2008, 5:22 PM EST
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The Federal Reserve significantly cut its outlook for economic growth as the slowdown in growth abroad and incoming information on economic ...
Schwab not interested in E*Trade buy
Schwab not interested in E*Trade buy
By Jed Horowitz
November 19, 2008, 1:39 PM EST
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The Charles Schwab Corp. is not interested in buying competitor E*Trade Financial Corp., at least not before any potential bankruptcy, a ...
A suspicious Cuomo eyes AIG bonuses
A suspicious Cuomo eyes AIG bonuses
By Darla Mercado
November 19, 2008, 12:23 PM EST
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New York Attorney General Andrew M. Cuomo queried AIG in a letter yesterday about what the insurer was planning to do about bonuses.
Since ...
Tamed energy prices prompt 1% CPI drop
Tamed energy prices prompt 1% CPI drop
By Aaron Siegel
November 19, 2008, 1:30 PM EST
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The consumer price index, a key indicator of inflation, fell 1%, marking the largest monthly decline since the index was first computed in 19...
Morningstar database to provide new analytics
Morningstar database to provide new analytics
By Aaron Siegel
November 19, 2008, 2:14 PM EST
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Morningstar is creating a database for US pensions, endowments and foundations, providing the public with insight into private and ...
US stocks fall over more recession concerns
US stocks fall over more recession concerns
By Isabelle Clary, Crain's Pensions & Investments
November 19, 2008, 4:38 PM EST
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US stocks plunged today, with the Dow Jones industrial average closing below 8,000 on news that ...
State regulators to feds: 'Don't marginalize us'
State regulators to feds: 'Don't marginalize us'
By Dan Jamieson
November 19, 2008, 12:56 PM EST
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State securities regulators today warned federal policymakers not to enact regulatory reforms that might cut state powers.
“...
FundQuest builds platform for Sigma
FundQuest builds platform for Sigma
By Sue Asci
November 19, 2008, 11:38 AM EST
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Sigma Planning Corp. and FundQuest Inc. today announced the launch of a managed account platform for Sigma’s network of 500 advisers.
The ...
Citigroup's fall from grace: no longer No. 1
Citigroup's fall from grace: no longer No. 1
By Aaron Elstein, Crain's New York Business
November 19, 2008, 4:48 PM EST
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Citigroup Inc., which not long ago ranked as the largest bank in the world, as of Wednesday slipped to ...
Bettinger: Schwab layoffs could continue
Bettinger: Schwab layoffs could continue
By Jed Horowitz
November 19, 2008, 1:47 PM EST
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The financial services industry’s problems have not yet reached bottom, Charles Schwab, the founder and chairman of the eponymous San Franc...
Consumer-directed health plans gain traction
Consumer-directed health plans gain traction
By Darla Mercado
November 18, 2008, 2:01 PM EST
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There are more enrollees in consumer-directed health plans this year than last, and those individuals are more likely to have higher ...
Index annuities see third-quarter uptick
Index annuities see third-quarter uptick
By Darla Mercado
November 18, 2008, 6:01 AM EST
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Index annuity sales crept up during the third quarter, hitting $6.7 billion, according to data from AnnuitySpecs.com of Pleasant Hill, Iow...
Barclays hops on no-bonus bandwagon
Barclays hops on no-bonus bandwagon
By Aaron Siegel
November 18, 2008, 12:11 PM EST
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Barclays PLC said that it won’t pay its top executives an annual bonus this year, following similar announcements by the The Goldman Sachs ...
Oppenheimer & Co. charged with ARS fraud
Oppenheimer & Co. charged with ARS fraud
By Sue Asci
November 18, 2008, 2:34 PM EST
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Massachusetts Secretary of the Commonwealth William Galvin today charged Oppenheimer & Co. Inc. with fraud and unethical conduct in the sales ...
Execs charged with multimillion-dollar fraud
Execs charged with multimillion-dollar fraud
By Andrew Coen
November 18, 2008, 3:18 PM EST
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The Securities and Exchange Commission today charged four financial services workers with engaging in a fraudulent scheme to overvalue ...
Yearend tax issues
Yearend tax issues
By Michael Eisenberg
November 18, 2008
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Situation:This is the perfect time for your clients to fine-tune their 2008 tax situation and make certain moves to save money. As the end of the calendar-year approache...
Bummed builders look to government for aid
Bummed builders look to government for aid
By Janet Morrissey
November 18, 2008, 3:36 PM EST
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Homebuilder sentiment in November sank its lowest level since January 1985, as shaken builders seek assistance from a higher power.
...
Paulson nixes Big Three bailout
Paulson nixes Big Three bailout
By Andrew Coen
November 18, 2008, 12:55 PM EST
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The federal government’s Troubled Asset Relief Program should not be used to pull back America’s top three automakers from the brink of bankruptcy, ...
BlackRock latest firm to slash jobs
BlackRock latest firm to slash jobs
By Aaron Siegel
November 18, 2008, 2:03 PM EST
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BlackRock Inc. will cut jobs this week for the first time in the company's 20-year history, making it the latest asset management firm to ...
Art with a wine twist
Art with a wine twist
By Maureen Wilke
November 17, 2008
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Background: This month, we’ve been concentrating on giving thanks by giving back. Our focus, specifically, is on holiday events that give back to your communities and ...
Putnam shakes up lagging equity division
Putnam shakes up lagging equity division
By Sue Asci
November 17, 2008, 12:29 PM EST
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In a bid to boost its lagging fund performance, Putnam Investments of Boston announced today that they are merging six equity funds, moving ...
Stocks drop on recession fears, Citigroup cuts
Stocks drop on recession fears, Citigroup cuts
By Isabelle Clary, Pensions & Investments
November 17, 2008, 4:41 PM EST
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US stocks fell today on fears of a global recession while Citigroup Inc. announced plans to cut 52,000 jobs...
Wall Street giants' estimates slashed
Wall Street giants' estimates slashed
By Andrew Coen
November 17, 2008, 3:09 PM EST
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Morgan Stanley and The Goldman Sachs Group Inc. both had their fourth-quarter estimates cut by analysts in research notes published today.
...
Four carriers take refuge under TARP
Four carriers take refuge under TARP
By Darla Mercado
November 17, 2008, 11:24 AM EST
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Four more insurers have lined up to become banks in the hopes of qualifying for some money from the Treasury’s Troubled Asset Relief Program...
Merril reps overwhelmingly go for BofA deal
Merril reps overwhelmingly go for BofA deal
By Dan Jamieson
November 17, 2008, 5:06 PM EST
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More than 90% of Merrill Lynch & Co. Inc. of New York reps who were offered a retention bonus by Bank of America Corp. of Charlotte, NC ...
Citi's Pandit to ax 52,000 jobs
Citi's Pandit to ax 52,000 jobs
By Aaron Siegel
November 17, 2008, 11:32 AM EST
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Citigroup Inc., the financial services behemoth, will cut up to 50,000 jobs as the company aims to lighten its balance sheet amid poor credit ...
Schwab’s Goldman exits as RIA unit reorganizes
Schwab’s Goldman exits as RIA unit reorganizes
By Jed Horowitz
November 17, 2008, 1:54 PM EST
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Charles Goldman, 47, executive vice president of Schwab Institutional, who has run the registered investment adviser business of The ...
People
People
November 16, 2008, 6:01 AM EST
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Transamerica Retirement Services of Los Angeles has named Jennifer Giampaolo, 32, regional vice president of the New England office, which is based in Needham, Mass. She has more than 10 yea...
Investor and adviser viewpoints
Investor and adviser viewpoints
November 16, 2008, 6:01 AM EST
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Surveys conducted between Nov. 3, 2008 and Nov. 12, 2008. Investor data was gathered by an unaffiliated third party, TNS Custom Research, Inc., on behalf of ...
Tax-managed funds ranked by YTD performance
November 16, 2008
Tax-managed funds ranked by YTD performance
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Rank
Fund
Ticker
Assets ($M)
% change YTD
% change 1-year
% change 3-year
Expense ratio
Toll-free number
Portfolio manager
1
Alpine ...
Redefining long-term diversification
Redefining long-term diversification
The market slump forces financial advisers to rethink retirement allocations
SEC takes a step backward on disclosure
SEC takes a step backward on disclosure
November 16, 2008
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In a move that has received scant public attention, the SEC this month put into place changes that could harm investors. Specifically, an SEC interpretive release on ...
Investing for social impact lures investors
Investing for social impact lures investors
Aim is to identify underserved communities in the United States and internationally
By Scott J. Budde
November 16, 2008
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Community and proactive investing refers to [socially ...
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