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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: |
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November 20, 2008, 3:49 PM EST
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November 20, 2008, 12:48 PM EST
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November 20, 2008, 3:29 PM EST
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November 20, 2008, 1:02 PM EST
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November 20, 2008, 10:37 AM EST
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November 20, 2008, 3:55 PM EST
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November 19, 2008, 12:25 PM EST
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Entrepreneur Mark Cuban, owner of the NBAs 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
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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
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November 19, 2008
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November 19, 2008, 5:22 PM EST
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November 19, 2008, 1:39 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
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November 19, 2008, 1:30 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
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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 Sigmas network of 500 advisers.
The ... Citigroup's fall from grace: no longer No. 1 Citigroup's fall from grace: no longer No. 1
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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
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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
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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
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... Paulson nixes Big Three bailout Paulson nixes Big Three bailout
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November 18, 2008, 12:55 PM EST
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The federal governments Troubled Asset Relief Program should not be used to pull back Americas top three automakers from the brink of bankruptcy, ... BlackRock latest firm to slash jobs BlackRock latest firm to slash jobs
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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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November 17, 2008, 12:29 PM EST
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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
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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 Treasurys Troubled Asset Relief Program... Merril reps overwhelmingly go for BofA deal Merril reps overwhelmingly go for BofA deal
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November 17, 2008, 5:06 PM EST
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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 ... Schwabs Goldman exits as RIA unit reorganizes Schwabs Goldman exits as RIA unit reorganizes
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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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