Turn Opt-Outs Into Raving Fans

Using Opt-Outs To Build A Fan Base

We use so many methods of communication these days from phones to Facebook, texting to tweeting, and email to snail mail; it’s difficult for any business to get their message in front of their audience. There has been, and still is, power in building an email list to send out messages to current and potential customers, however once that person has opted-out of your list your communication with them is over. But what if they were still interested in getting your messages, they just did not want their email box cluttered or they don’t prefer communication through email and would rather follow you on Twitter or Facebook?

A recent study by Return Path found that a very small portion of top UK companies were not offering their email opt-outs any other option for continuing to receive...

To read the rest of the article click here: http://ping.fm/MeFPt

Get The Investor?s Playbook - All 5 Videos NO OPT IN REQUIRED!

Hey,

I have some really cool news for you! I just got off the phone with my buddy Phill Grove…


Phill’s Mortgage Assignment Program has been going so extremely well, he has decided to do 2 things today

1) Give you and ANYONE access to all 5 Mortgage Assignment Video with NO OPT IN REQUIRED! Pass this around to your friends and contacts and get their opinion on this!

If you want access to all 5 videos with NO OPT IN
---- > http://bit.ly/gDKISh

2) Phill is giving away one of my most powerful pieces of content to anyone who tries out his MAPS program risk free!

It's called the...
-----------------------------------------
Mortgage Assignment Playbook
----------------------------------------

As you probably have heard, Phill has personally taught the
Mortgage Assignment strategy to some top investors over
the last 18 months.

Well... Phill recently gathered up some of them on a mastermind call to
brainstorm on how to really take the Mortgage Assignment business
to the next level by working in teams, partnering with investors on deals,
generating loads of leads with No marketing cost, etc.

Now, here's the cool thing:

If you're a M.A student, Phill is going to GIVE YOU the complete recording!

You get the whole 90 minute brainstorm so you can use this
in your business!

I believe the ideas in the MAPS Playbook alone are worth more than
the asking price for M.A. Program ...but it's yours, free if you join

M.A.P.S. here:

http://bit.ly/gDKISh

Not only that, Phill is also including 2 more bonuses

They're called:

Mortgage Assignment Business Planning and

Mortgage Assignment Advanced Business Management

Once again, these are designed to really help you grow your
business above and beyond just doing a few deals here and there.
You'll also learn about how Phill run his business,
entity structuring and more...

http://bit.ly/gDKISh

(If you've already joined then don't worry, you're getting it as well! Look out for a new tab in the members area soon :)

Talk soon,

Curt Maly

See all 5 Videos now with NO OPT IN
--- > http://bit.ly/gDKISh

Heard of Phill Grove's his Mortgage Assignment Program? See for yourself. See all 5 videos with
NO OPT IN! --- > http://bit.ly/gDKISh

What is the Future of the Home Loan Modification Program?

Neil Barofsky, the special inspector general for the government's bank bailouts, bluntly labeled the home loan modification program a "failure" in testimony before the House oversight committee.
The Inspector General announced yesterday what everyone else in the Real Estate Industry has already known for months: Home Loan Modifications are a gigantic failure. To make matters worse, in a time where our deficit is out of control, we this program has proven to be an enormous waste of much needed capital.
Home Loan Modification | Why it's a failure...

Read the rest of the article here: http://bit.ly/hbGyAb

http://bit.ly/hbGyAb <--- Inspector general: Home Loan Modification program a 'failure'

BREAKING NEWS about Short Sales... (this affects you!)

BREAKING NEWS about Short Sales... (this affects you!)

Hey,

Did you know that 85,000,000 Americans can't get loans? If people get loans, how do others SELL their homes?

Good news, we have discovered a better alternative to solve this entire real estate market mess.

Watch this video now to see what I'm talking about:
--- > http://bit.ly/dXBTU6

You see, people who made a killing in short sales (like my buddy Phill Grove, who’s done over $200 Million worth of real estate deals), made it big 5 years ago when no one even knew what a short sale was.
Short Sales were original back then...

However, that boat has left the dock, short sales are dog eat dog today. Trust me, our company still does a ton of short sale today.

Our real estate market is changing… in Phill’s 5 video’s will let you in on the strategy that will become the big buzzword 5 years from now (when its too late).

Watch all 5 videos and download documents that show you step by step how --- > http://bit.ly/dXBTU6

If you have any questions, check out the 4th video and write your questions on the blog for Phill, he will be responding all day today!

My best

Curt Maly

P.S. There is also a free downloadable report you'll want to get that’s located just below the video.

P.S.S You can also download marketing material for your real estate investing business. Download scripts and some of the highest converting marketing material I have ever seen Get Your Marketing Tools Here http://bit.ly/dXBTU6

P.S.S.S Do you think this strategy is illegal? Phill grills a real estate attorney about everything having to do with
Mortgage Assignments... watch the videos and download the transcription Download the Transcription Here -- > http://bit.ly/dXBTU6

P.S.S.S.S – Are you still reading this? Still this is just another guru? Read the 1,000+ blog posts, watch the free videos, grab the free downloads and see for yourself how this new strategy is changing the way investors look at this market.

Get the 5 videos NOW! --- > http://bit.ly/dXBTU6

BREAKING NEWS - Short Sales 85,000,000 Americans can't get loans! 5 videos from my friend Phill Grove proves it! --- > http://bit.ly/gLwZqh

Top 10 Foreclosure Cities 2010

Leading Foreclosure Cities / Metro Areas
The top ten list article that I wrote the other day received so much response that I thought I would put out another one. RealtyTrac, an online marketplace for foreclosure properties, has just released their "Year End Metropolitan Foreclosure Market Report" for 2010. Their findings, though dismal, did show a decrease in the number of foreclosures from 2009 to 2010 for all 10 cities in the top 10. The bad news however is that the report also showed that foreclosures increased in 2010 for 149 of the nation's 206 metropolitan areas with a population of 200,000 or more.
For the report RealtyTrac computes the percentage of foreclosed homes in an area compared to the total number of homes in that area. RealtyTrac's CEO, James J. Saccacio, had this to say about the findings of their 2010 report:

Read the rest of the article here: http://bit.ly/dXsVdS

http://bit.ly/dXsVdS <--- Top 10 Foreclosure Cities 2010

BREAKING NEWS (this affects you)

Phill Grove just posted this video up for you and it has some excellent news that could potentially affect you: http://bit.ly/gjEQw8

It shows you exactly what you're getting with Mortgage Assignment Profits System, and there's also a special surprised announcement at the bottom :-)
----------------------------------------------- HERE'S THE COOL SURPRISE ----------------------------------------------
I'm filling you in now because you've been enjoying the videos :-)

Phill has decided to teach a free 3-day WORKSHOP that's only for Mortgage Assignment Students
It'll be held in 4 different cities, all over the US, in March. just pick what works best for you... and most importantly... it's Not a Pitch-Fest! 100% NEW CONTENT taught personally by Phill Grove.
In my opinion, this workshop alone is worth the price of the Mortgage Assignment course if not more... and...
The only people who can come are the people who get M.A.P.S.... and they're getting it for free.
-------------------------------------------------- M.A.P.S.: Plus LIVE WORKSHOP -------------------------------------------------
Read Phill’s special message below this video and see what I'm talking about: http://bit.ly/gjEQw8

Enjoy! Curt Maly

P.S. HERE'S WHAT'S HAPPENING NEXT
Phill Grove’s Mortgage Assignment Program goes LIVE NOW
http://bit.ly/gjEQw8

Is Google Maps off the Map?

Google Maps will no longer show real estate listings! The following are some excerpts from it's blog announcing the end of it's real estate presence in Maps. According to an announcement by Google about Google Maps:

In part due to low usage, the proliferation of excellent property-search tools on real estate websites, and the infrastructure challenge posed by the impending retirement of the Google Base API (used by listing providers to submit listings), we’ve decided to discontinue the real estate feature within Google Maps on February 10, 2011.

This move is particularly surprising since Google seemed intent on increasing it's presence in the real estate market. Just last year they were seriously considering purchasing online real estate search engine Trulia. However, they stated they aren't necessarily giving up on real estate:

Yet we recognize that there might be better, more effective ways to help people find local real estate information than the current feature makes possible. We’ll continue to explore this area, but in the meantime, Google offers other options to home-seekers: you can still access other information in Maps such as local businesses, directions and transit times, as well as aerial and Street View imagery to explore where you might want to move, and also use Google search results to find helpful real estate information and websites. http://ping.fm/HMrEL

Google, however, says the feature, which let people find available homes and rentals in Google Maps and filter results by square footage and price, saw “low usage.” It also cites the existence of “excellent property-search tools on real estate websites” as driving the decision to retire Google Maps.

Like this story? Visit here for more: http://bit.ly/f8heqA

Bank of America Corp's Countrywide mortgage unit is being sued for Fraud!

Investors claiming they were victimized by Bank of America's Countrywide in a "massive fraud" when they bought mortgage-backed securities.

12 companies in New York, including New York Life Insurance Co and Dexia Holdings Inc, filed a lawsuit on Monday, January 23, against Bank of America and Countrywide for fraud (The case is Dexia Holdings Inc et al v. Countrywide Financial Corp et al, New York State Supreme Court, New York County, No. 650185/2011.) The plaintiffs are claiming that the millions of dollars that they had invested in what they were told was safe and performing investments were actually junk. To make matters worse, the lawuit alleges that Countrywide devalued the investment even more by failing to follow its own underwriting rules.

Reuters reports that "According to the complaint, the investors bought hundreds of millions of dollars of Countrywide securities from 2005 to 2007 that they thought were "conservative, low-risk investments." However, most of the securities now carry "junk" credit ratings rather than the "triple-A" ratings they once had, resulting in "significant losses."
As a result, the plaintiffs want compensatory and punitive damages. The lawsuit alleges Countrywide "was an enterprise driven by only one purpose - to originate and securitize as many mortgage loans as possible into (mortgage-backed securities) to generate profits for the Countrywide defendants, without regard to the investors that relied on the critical, false information provided to them."

This claim of fraud is not new to Countrywide. Countrywide's Chief Executive Angelo Mozilo's attorney, David Siegel, said the lawsuit has no basis in law or fact. Of course, with Countrywide's recent losses in the courtroom lately, the investors may have a case. Remember, in October, Mozilo and Countrywide agreed to a $67.5 million settlement of a U.S. Securities and Exchange Commission civil fraud lawsuit accusing him of misleading investors.
Also, the insurer Allstate Corp sued Bank of America last month over the alleged misrepresentation of risks on more than $700 million of mortgage debt it bought from Countrywide.

http://ping.fm/35Fxl

Coupled with the recent announcement that Bank of America lost $1.6 billion in the 4th quarter of 2010, this has definitely been a bad week for the mortgage giant, and doesn't look to get any better anytime soon.

Like this article? Read more here: http://bit.ly/fRkjKh

New Home Sales Rise 17.5% from December 2010

The government reported today that new home sales climbed 17.5% in December to the highest level in eight months! While good news to hear, are the results something to really get excited about?

New Home Sales Rise | Why the Excitement?

Obviously any improvements in new home construction is good news for the economy. Construction of new homes means more jobs for Americans. New home sales generally will sell at a higher amount, meaning an increase in median housing prices, which is good for the market.
According to Money.CNN.com, "Sales of newly built single-family homes rose to an annual rate of 329,000 units last month, from a revised 280,000 units the month before, the Commerce Department said. That was the highest level since April.

So this is promising news, but does it mean that we're out of the woods? No. Compared with 2009, sales are still down 7.6%, so we've got some work to do.
The excitement really comes from the fact that the monthly sales figure was considerably higher than the annual rate of 300,000 analysts surveyed by Briefing.com had expected. Any over achievement of the housing market right now is welcomed news.

New Home Sales Rise | What Does This Mean?

Well, it means we're out of the housing slump, right? Well, maybe not yet.
"Though it's better than expected, we're still not getting a serious rebound," said Doug Roberts, chief investment strategist for Channel Capital Research. "This is a U-shaped situation, where we can have monthly blips when it's positive, but we're going to be bouncing along the bottom for a while."
It is also hinted at in this article that some houses could've been discounted by homebuilders in order to clear out excess inventories.
http://money.cnn.com/2011/01/26/real_estate/new_home_sales/index.htm.

New Home Sales Rise | What is the Future?

Working with the banks to pick up distressed assets has become increasingly more difficult and less profitable. In many areas, banks are trying to unload their bank owned assets or pre-foreclosures at near market price, making flips unattractive. Therefore, investors with cash are finding it more profitable to build from scratch than to buy from banks, fix, and flip. This theory, if correct, would allow us to see a continuation of new home sales rising in coming months.

However, the caveat of all these types of real estate transactions lies in the banking lending policies. With bank financing being difficult for end buyers to obtain, more savvy real estate investors are turning to strategies that rely on conventional financing to those that rely on seller financing. Seller financing allows the investor who is selling the property to create their own terms, which is more profitable than relying on banks. Investors can close quicker and sell property to otherwise 'unloanable' buyers (buyers who don't have 750+ credit score, are self employed, or cannot walk on water) for a higher profit.

In summary, while the news of new home sales increasing is positive news, it may just be the results of homebuilders dumping their inventory at an end of the year discount. The real estate market probably will not get much better until the banks loosen their lending requirements. It does no good to offer a 4.5% mortgage if no one can qualify. Even though new home sales are rising, in order for real estate professionals, such as investors or Realtors, to survive in this industry, they will have to adapt their buying and selling strategies to include seller financing.

If you like this article, read more here: http://bit.ly/hGPjC8

When the going gets tough, the tough fire their real estate agent?

That's just what some struggling homeowners are doing.

Is this the proper course of action to take for a home owner trying desperately to sell their house to switch Realtors?

Obviously some Realtors do work harder than others, and a lazy Realtor can be the difference between a house selling and not selling. But a good, successful Realtor spends money and time advertising, putting information on websites (not just the M.L.S.), shooting videos, making virtual tours, printing flyers, and hosting Open Houses.

Is it fair to hold a hard working Realtor accountable when a house doesn't sell?

“Some people think the next Realtor will make all the difference, or be the lucky charm, or maybe just provide a fresh start,” said Linda Grotenstein, an agent with Coldwell Banker in Montclair. “Of course, in today’s market,” she added, “really the most important thing is price.”

“Price is, of course, a crucial matter,” said Ms. Miggins, and Agent for Keller William. “If you are not willing to change your price, do not switch Realtors. And even if you are, it does not always work.”

http://ping.fm/QT3vY

Many times Realtors have a listing, it expires, and the home seller decides to use another Realtor. By this time, the home owner has come to the realization that the price may have been a factor too and decides to lower the price. The house sells, the new Realtor looks like a hero, and the former Realtor has nothing to show for their effort.
So how can you as a Realtor avoid this type of letdown?

The best way is to avoid sellers who are inflexible about prices. Have the discussion with them about a good time table on dropping the price systematically. Lowering the price in a different price range can add a fresher group of home buyers to your market, which will improve your chances of selling the house. For example, dropping a listing price from $259,999 to $249,999 will allow you to add all the people whose maximum spending limit is $250,000 into the fray.

If you like this article, go here for more: http://bit.ly/gp1tf1

Are Mortgage Assignments illegal?

Hey fellow savvy RE Investors,

I can't tell you how many times I've
been asked that question this week alone!

As you know, my buddy Phill has been all over
social media and the REI scene and people are
wanting to know if this strategy is REAL,
can it be done by almost anyone, and most
of all is it legal?

So Phill went out and decided to grill a real estate attorney
about everything having to do with Mortgage Assignments...
There is NO OPT IN require to see this info...I want you to see this
information for yourself to answer all your questions about M.A.'s
--- > http://bit.ly/hrV7Kc
Phill wanted to make sure you can also downloadable the transcription of that conversation so you don't miss anything.

http://bit.ly/hrV7Kc

Its right below the video where I got Phill to sit
down and answer a bunch of your questions too.

Phill has to fork over some hefty legal fees for this, so take
advantage of that and go here now:

http://bit.ly/hrV7Kc

Talk soon,

Curt Maly

P.S. If you are in Austin TX this Thursday, we will be hosting another
Real Estate Investor Round Table at Casa Chapala on Anderson.
Its from 11:30 - 1:00 and FREE...(you just buy your own lunch)

P.S.S If you don't know what Mortgage Assignments are then you can click on the
link and see all 4 video.

P.S.S.S If you have not seen the videos, get comfortable, you wiil be there a while
and when you are done, you'll know what to do to start making more money from your deals!

--- > http://bit.ly/hrV7Kc

Zuckerberg Facebook CEO of Facebook Gets Hacked

It was bound to happen sooner or later. We’ve seen tons of big sites hacked throughout the year. But this is the first time, that we can remember seeing Facebook hacked

This company called Black Box Social Media appears to have the inside scoop.

--- > http://bit.lyfAGjft

Interesting to see the CEO of Facebook got hacked. Maybe no one told him to change his password from 12345678

HUh, who ever would have thought that that Mark Zuckerberg Facebook account would get hacked?

My question is this, if Facebook CEO got haceked, why did the hackers not post something more creative like, say " I am closing Facebook in 30 days! I am converting to Scientology and plan to live on a farm. I am SHUTTING DOWN not selling."

Now that would have got some attention from Facebook followers!

Here is the full article on Black Box Social Media

My best,

Curt Maly
--- > http://bit.lyfAGjft

Facebook Mark Zuckerberg's Hacked http://bit.lyfAGjft < --- Black Box Social Media has inside scoop.

Top 10 and Bottom 10 Housing Values By City

Everyone loves a list of the top ten list for 'enter your metric here.' Recently Clear Capital Home Data Index issued a market report that recapped the price fluctuations of 2010 and estimates the housing values forecast for 2011. In this report they issue their prediction for the top ten and bottom ten housing values changes for 2011.
"One of the most interesting things about the HDI report is its home value analysis of the 50 largest U.S. real estate markets (as broken down by population size of Metropolitan Statistical Area). The report compiles the most recent data available — using statistics from December 2010 (many reports use slightly older data since many real-time numbers can be challenging to get — thank you, government bureaucracy). Thirty-five out of 50 are expected to further depreciate this year, pulling the average national values down another -3.6% by this time next year."

Read the rest of the article here: http://bit.ly/fGfhpo

http://bit.ly/fGfhpo <--- Top 10 and Bottom 10 Housing Values By City

VIDEO: top "M.A." questions answered...

OK... the latest Mortgage Assignment video has been uploaded - you can see it right now at this link: http://bit.ly/hUTp7z

This one is a bit different, Phill Grove just sat down and answered a bunch of the top questions that keep coming up in the comments on the Mortgage Assignment blog.

Nothing fancy, just some straight-forward answers about how this will work for you. Go check it out now: http://bit.ly/hUTp7z

Enjoy,
Tom Bukacek

P.S. Phill didn't hold anything back... in fact, he had to start the video with a legal disclaimer just to make sure... :-)

VIDEO: Answers to your top "M.A." questions -http://bit.ly/hUTp7z

Any Questions For Phill?

OK... I just got a call from Phill Grove and because of the overwhelming response, he has decided to answer the Top Questions that keep coming up on the Mortgage Assignment Blog!

Here's what you do next, Go Watch This Video and make sure to ask your questions in the comments section below it:

Ask MAPS Questions Here: http://bit.ly/eU8xdk

And TOMORROW, Phill will put up the next video where he’ll address the Top Questions about Mortgage Assignments.

See you soon,

Tom Bukacek

P.S. Make sure to get your TWO Marketing Pieces Phill gives away on the blog. Just download them right off the blog.

P.P.S. Don’t be afraid to ask the top questions :-)
Ask MAPS Questions Here: http://bit.ly/eU8xdk

NEW Video From Phill :-)

My friend Phill Grove just put this online for you:
http://bit.ly/fUcLuB

It will REALLY help you and I think you'll enjoy it a lot. :-)

Talk Soon,
Curt Maly

P.S. Lots of people are telling me this is the best video in the Free Mortgage Assignment video series so far ...and I'd love to hear your thoughts on the blog site.

http://bit.ly/fUcLuB

DOWNLOAD: Best M.A. Post Card and Guide for Sellers

OK, My friend Phill Grove (who’s done over $200 Million worth of real estate deals) is releasing his high converting Post Card for mortgage assignments and his Mortgage Assignment Guide for Sellers that handles all the sellers' questions for you!

Go download them here: http://bit.ly/eEUqBW

Be sure to download the M.A. Guide For Sellers, It answers all the questions sellers may have when you meet with them.

So you could just hand it to them before you meet, and it does the closing for you...

Go check it out now. Remember, you'll also get Phill’s highest converting Post Card. Did I mention it gets me 3X MORE leads than regular "we buy houses" post cards and its your to download today.

Enjoy,
Curt Maly

P.S. Phill also made a video to show you how to use them and I probably don't need to say this, but they are free. So go check it out now: http://bit.ly/eEUqBW

Real Life Motivated Sellers on VIDEO

When was the last time you saw motivated sellers give a video testimonial to an investor?

Click below now to see them: http://bit.ly/fCSzht

I was shocked when I saw it for the first time... This video was sent to me by Phill Grove, one of the top investors in the US Today. He’s done over $200 Million worth of real estate deals!

This Motivated Seller video is included as part of his free Mortgage Assignment video training series...

Phill is also giving you 2 killer downloads that you can use in your business today.

Go get the downloads here: http://bit.ly/fCSzht

Talk soon,
Curt Maly

Its hard to come up with something original...

but that's what hundreds of people have called the strategy my friend Phill Grove teaches you in this video: http://bit.ly/f9w5cV

You see, people who made a killing in short sales (like Phill), made it 5 years ago when no one even knew what a short sale was.

It was original back then... However, that boat has left the dock, short sales are dog eat dog today. The good news is Phill’s video will let you in on the strategy that will become the big buzzword 5 years from now (when its too late).

Here's the link again: http://bit.ly/f9w5cV

Talk soon,
Curt Maly

P.S. There is also a free downloadable report you'll want to get that's located just below the video. You can download it here: http://bit.ly/f9w5cV

Frightening news about short sales...

85,000,000 Americans can't get loans - there is nobody to sell these to!

Good news is there's a better alternative.

Watch this video now to see what I'm talking about: http://bit.ly/eap5yP

Are You A Property Porn Addict?

Property Porn Addiction

If so, then you should make 2011 the year that you stop looking and start acting, errr buying. Most of you probably won't know what property porn is, I did not know what it was until recently. Property porn was a term that originated to describe the viewing of television programs that show real estate, especially real estate investing shows like 'Flip That House,' 'Flip This House,' 'Property Ladder,' etcetera.

The Origin Of Property Porn

The term was originally coined by BBC correspondent Rosie Millard in 2002 to describe British television series similar to those listed above. She is quoted in 2002 as saying:
Property porn is addictive, you a) work out how much your London home is worth. Then, b) turn to the advertising pages of the property section[s]. Figure out whether you would like to move to a stone farmhouse in [the countryside]... a nine-bedroom manor... or the neo-Palladian palace... We had dirty thoughts about the Rookery, which has an orchard and a moat."
More recently the term has come to include the viewing of houses online for the sheer thrill of looking and dreaming about purchasing the property as an investment or as one's dream home. A writer for London's 'The Sunday Times' penned a very funny and clever article about his property porn addiction back in 2008.

'I am addicted to porn. Not porn porn. Property porn. Yes, I like looking at other people’s houses on the internet. And I am not alone. With all the gloom about property these days, the last thing you’d expect anyone to be doing is surfing for it online. Apart from masochists, that is. Yet a survey conducted by the hardcore-porn, sorry, property-search website Globrix.com (part owned by News International, parent company of The Sunday Times) found 22% of us spend an unhealthy amount of time looking at properties we could never afford. A bit like Playboy. And a despicable 38% use the internet to snoop at the cost of neighbour’s houses.'

Rudd, Matt. "I am a property-porn addict." The Sunday Times. http://property.timesonline.co.uk/tol/life_and_style/property/article4074204.ece June 8, 2008 (accessed January 25, 2011).
On a positive note for Mr. Rudd, the first step to overcoming an addiction is admitting to it, so hopefully he is on a road to recovery. If you have a nasty habit of looking at property porn, then maybe 2011 should be your year for coming out of the house and buying those homes that you have been just looking at online or on your television.

Shameless Plug: If you don't know where to begin, or how, I'd suggest taking a peak at my Mortgage Assignment Profits System, it's a great strategy for any investor's arsenal and especially for new investors!
Under Creative Commons License: Attribution
Original Picture Source: http://www.flickr.com/photos/europedistrict/5200927638/
If you liked 'Property Porn Addiction' check out REI Maverick

Are You A Property Porn Addict?

Are You A Property Porn Addict?

If so, then you should make 2011 the year that you stop looking and start acting, errr buying. Most of you probably won't know what property porn is, I did not know what it was until recently. Property porn was a term that originated to describe the viewing of television programs that show real estate, especially real estate investing shows like 'Flip That House,' 'Flip This House,' 'Property Ladder,' etcetera.

The term was originally coined by BBC correspondent Rosie Millard in 2002 to describe British television series similar to those listed above. She is quoted in 2002 as saying...

Read the rest of the article here: http://bit.ly/h63HES

http://bit.ly/h63HES <--- Are You A Property Porn Addict?

Real Estate Economic Outlook for the Housing Market in 2011?

Fannie Mae has a positive real estate economic outlook for 2011, and this could spell good news for the real estate market as wsell as the overall economy. "The economy has regained momentum entering 2011 and we see significant improvement in the economy's ability to grow compared to 2010," said Doug Duncan, Fannie Mae's chief economist. Below are some of the key details from their real estate economic outlook report.

Real Estate Economic Outlook | Housing Starts

"...housing starts are predicted to increase 17.3% and hit 710,000 this year, with another 47% increase to 1.1 million in 2012 and another gain of 42% in 2013 to nearly 1.5 million."

To put these statistics in perspective, there were only about 510,000 housing starts in 2009. Therefore, they are predicting an increase of housing starts, which is always good for the economy as it puts builders and laborers back to work.

Real Estate Economic Outlook | Home Sales

The study also predicts that more home sales will occur in 2011 than 2010, an overall projected increase of 4.5% up to around 5.5 million houses to be sold. While more homes are expected to be sold, the price of homes is expected to decrease.

According to the real estate economic outlook report, ..."the median new home price in 2011 is expected to drop, as is the median existing home sale price, down 2.1% to $214,500 and 2.1% to $167,900, respectively."

Falling home prices are suspected as banks will continue to unload their inventory of distressed assets at a discount. In fact, I've read from other sources that the median home prices may fall as much as 5%. Real Estate Economic Outlook | Mortgages Of course, the biggest hurdles to selling houses is obtaining financing. The government sponsored agency had the following to say about the mortgage industry:

Mortgage originations will drop to $1.04 trillion this year from $1.53 trillion last year. Fannie Mae also expects mortgage rates will increase in 2011, but not substantially. "Fixed mortgage rates are projected to rise throughout the year, but to remain below 5.5%," the report said. "Larger increases in mortgage rates without corresponding acceleration in job gains would pose a risk to the housing recovery."

Overall, Fannie Mae expects the U.S. economy to "accelerate and sustain" above-par and less volatile growth in 2011 based on increased consumer spending and growing clarity concerning fiscal policy. According to the agency's real estate economic outlook, Fannie Mae anticipates the economy to grow by 3.6% this year with consumer and business spending leading the way. This prediction was revised upward from 2.8% in December. http://www.housingwire.com/2011/01/19/fannie-mae-housing-starts-to-triple-by-2013-to-nearly-1-5-million

Real Estate Economic Outlook | REI Maverick Phill Grove's Prediction

Outside of double digit real unemployment figures, bank financing has been the biggest hurdle to the recovery of the housing market. Unless banks begin lending again, the traditional real estate market will suffer. Banks cannot unload their inventory unless buyers have access to funding. Distressed homeowners cannot sell their houses to buyers following the stringent conventional lending guidelines. If you are a real estate professional relying on bank to fund transactions for your buyers, your economic outlook is grim. The wave of the future is Mortgage Assignments. The basic premise of a Mortgage Assignment is selling 'unsellable' houses to 'unloanable' buyers through owner financing. Real estate professionals who can educate sellers on how to owner finance their houses and help them sell their houses to buyers who can't qualify for conventional financing will prosper the next couple of years.

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For more articles like this, please visit www.REIMaverick.com

Little 'remodeled' House of Horrors!!!

They did what to that house?! Remodeled horror stories
As an experienced real estate investor, I recognize a homeowners who has honestly tried to improve their house by having it remodeled before selling it, but instead of making it better, they made the house worse. Some were small errors that could be easily fixed. Others were tragic. I went into a house in Round Rock, Tx, recently where the home owner decided to have his house remodeled by turning his garage into 3 additional bedroom. This effectively turned a 3 bed / 1 bath to a 6 bed / 1 bath. As most real estate professionals will tell you, anything over a 1.5 to 1 bathroom to bedroom ratio is tough enough to sell, so who in their right mind would create a 6 to 1 ratio?
His rehab job needed rehab.
I am apparently not the only person to see such horror stories of...

Read the rest of the story here: http://bit.ly/gDbnJ7

Will we see an increase or decrease in Short Sale Activity in 2011?

It's been a bumpy ride for short sales investors since 2008. Over the last two years a lot of banks have been less than eager to approve short sales, instead drawing out the process for long periods of time and ultimately halting short sales completely for a while at the end of 2010 because of the robo-signing debacle. So is there light at the end of the tunnel for short sale investors?

Short Sale Predictions

While I have continued to operate my short sales business successfully through this mess, I must say that it has become more difficult for a short sale to get approved by the bank, so it's taken working on more deals to create the same income (luckily for investors, there are a lot of short sale deals out there). If the short sale predictions for 2011 that are reported in the news are correct we should see a significant increase in short sales a fewer foreclosures during 2011. One report released today explains it like this:

"According to global ratings agency Fitch Inc. and Managing Director Diane Pendley industry experts are expecting to witness more short sales and fewer foreclosures in 2011, an encouraging sign for homeowners in the D.C. Metro, northern Virginia and Maryland regions as well as those seeking alternatives to foreclosure. A short sale, or a sale in which a property is sold for less than what is owed on the mortgage, can be an effective alternative to foreclosure while allowing homeowners to escape the burden of bankruptcy. The Tania Ivey Real Estate Group, which services Northern Virginia, Maryland and Washington, D.C., offers a number of Certified Distressed Property Experts (CDPE) to advise clients in the short sale process. Home sellers in specific areas such as Fairfax County VA, or Loudoun County VA are seeing the number of Short sales increase. If you are a homeowner in Leesburg VA or Ashburn VA trying to sell your house you are competing with numerous Short Sales. Even areas such as Great Falls VA and Vienna VA are seeing a major part of the market being short sold."

Read more: http://ping.fm/5ZGLS

Ultimately, the banks will be the ones that decide if they are ready to play ball in 2011. There will be no shortage of delinquent mortgages any time soon, and so it comes down to foreclosure or short sale for the banks. For both investors and homeowners alike, let's hope the banks choose to start short selling more properties again.

About Phill Grove

Phill Grove has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill has invented a new strategy called the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the "12 Ways to Buy and Sell Real Estate", as well as marketing and lead processing strategies that actually work. Find out more about Phill at http://ping.fm/soBP4

Who Knew? Nicer homes sell faster!

Wait, What???

I just read an article that made me laugh and I had to share it. Apparently a home that is fixed up will have a better chance of selling and sell faster than homes that are not remodeled. A study was conducted to find out this INCREDIBLE news. It gets better! Rehabbed foreclosures sell faster as well. So all you homeowners facing foreclosure and all you banks with tons of REOs on the books, call the contractors it's time to rehab those homes!

"A study conducted by Field Asset Services, a property preservation and maintenance specialist that focuses on foreclosed and repo properties, revealed that a foreclosures sale will have a higher chance at success if the property on offer has been remodeled. The company's annual study of foreclosures and REO properties also revealed that the days on market (DOM) for rehabilitated properties are shorter than those that were sold 'as is'.

According to the study, the DOM of bank, government, and VA foreclosures that have been rehabilitated before being put up for sale is reduced by around 68% compared to homes for sale that were not repaired or remodeled. Field Asset conducted a similar study last year which revealed that DOM is reduced by 54.6% for rehabilitated dwellings."

"Foreclosures Sale More Successful for Remodeled Homes, Study Says," Real Estate News, http://www.myrealtynews.com/real-estate/foreclosure/foreclosures-sale-more-successful-for-remodeled-homes-study-says/ January 20, 2011 (accessed January 20, 2011).

I'm amazed that money was spent on this study, but at least it was private industry and not government funds. So lesson learned: buyers like nice homes. I will use that!

About Phill Grove

Phill Grove has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill has invented a new strategy called the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the "12 Ways to Buy and Sell Real Estate", as well as marketing and lead processing strategies that actually work. Find out more about Phill at http://www.REIMaverick.com

Is Commercial Real Estate Dead or Alive?

Positive news in the press today about commercial real estate climbing in the final quarter of 2010. According to a Moody's Investors Service study commercial real estate markets across the U.S. were stable or even showed moderate improvement during the 4th quarter last year. The commercial real estate market has been devastated since the start of the 'recession' due to reduced occupancy rates and renters falling behind on payments during the tough economic times.

More Commercial Real Estate Market findings from the Moody's study:

"The ratings agency said six of the seven property types in U.S. commercial mortgage-backed securities had 'yellow' scores last quarter--which indicates middling strength. Six of those showed some improvement, while only the multifamily sector had a strong score, which was unchanged.
Moody's said the limited-service hotel and suburban office sectors showed the most improvement during the latest quarter. The five best markets in the U.S. were Honolulu, New York City, Los Angeles, the District of Columbia and California's Orange County.
"The commercial real estate markets are continuing down the road to recovery, though the fact that most markets remain yellow indicates that a comfortable point of stability has not yet been reached," said Moody's Vice President Keith Banhazl."
From: DOW JONES NEWSWIRES, "Moody's: US Commercial Real Estate Markets Show Improvement" http://ping.fm/nnssD January 20, 2011 (Accessed January 20, 2011).
So it looks like the commercial real estate sector seems to be alive and headed toward recovery, at least for the time being. Only time will tell if this improvement lasts.


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About Phill Grove

Phill Grove has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill has invented a new strategy called the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the "12 Ways to Buy and Sell Real Estate", as well as marketing and lead processing strategies that actually work. Find out more about Phill at http://ping.fm/7wzN4

BofA Reduces Short Sale Approvals To 2 Weeks

I'll believe it when I see it. Bank of America has been notorious in the past for long, drawn out short sales, but in an 'exclusive' webinar this week with BofA top brass the announcement of new policies and procedures to expedite short sale approvals was announced.

"We have some GREAT news for those of you that have your mortgage with Bank of America. I just attended an “exclusive” LIVE webinar with Kimberly Dawson, a Vice President at BofA that oversees their short sale operations. BofA holds almost 25% of the mortgage market and processed almost 100,000 short sales in 2010. They are estimating exceeding that in 2011…….They will close approximately 10,000 short sales per month.

How Bank of American is changing their short sales process

BofA is “pre-approving” short sales before they are even listed on the MLS. This is much different from the “normal” short sale where we list the home, get a contract, gather all the paperwork, submit to the lender, and then WAIT. BofA is calling this a 'Cooperative Short Sale.'"

In addition to the 'pre-approving' of short sales, Bank of America will also be utilizing a new internet software that will assist with document management and ultimately streamlining the entire process for the bank and short sale processors.

Bank of America's program to help automate the short sale process

"BofA has also implemented a new web-based short sale tool called Equator (www.Equator.com). It is a transaction mgmt system that has GREATLY increased the speed and efficiency of the short sale process. We are very experienced in using the tool and we love it! It has made my life much easier. We used to fax documents to BofA and they would get lost….multiple times! It was a nightmare. No more."

Ayers, Rich. "BofA is reducing short sale approval to approx 2 weeks!" The Ayers Team. http://ayersteam.com/real-estate-blog/bofa-is-reducing-short-sale-approval-to-approx-2-weeks/ January 21, 2011 (accessed January 22, 2011).

Our personal experience with Equator is much less impressive then the article states. Our office handles a lot of short sale transactions and we have seen short sale paper work lost and sometimes Equator feels like a short sale purgatory. It would be great to see Bank of America get their short sale process time frame down considerably. The article also states that the typical BofA short sale time line from open to close is between 1 and 4 months. From our short sale experience, this could not be farther from the truth. Rarely do we see BofA approve a short sale in under 4 months, though we have had some quick BofA short sale closes, most of BofA's short sales take much longer then 4 months to complete.

Overall, it is good that BofA is changing their short sale process, this part is long over due. Our major question with this new policy change is this...did BofA improve their short sale process because of internal mandates or pending legislation from investors and property owners?


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About Phill Grove:
Phill Grove has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill has invented a new strategy called the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the "12 Ways to Buy and Sell Real Estate", as well as marketing and lead processing strategies that actually work. Find out more about Phill at http://www.REIMaverick.com

Five Preventable Blunders Often Made by Newbie Real Estate Investors

Why are some newbie investor's first transaction their one and only transaction? (We call them 'One and Dones') Is it luck, fate, or some predetermined force of nature that allows some investors success and others failure? The good news is that being a good investor is not in the genes. It's simply a discipline, and, like any other discipline, it can be learned. Everyone, regardless of your current financial situation, history, or background, has the opportunity to be successful in real estate. The goal of this short article is to help newbie investors with achieving their goals by pointing out some of the following, common blunders first time investors make:

Failure to invest in education - Let me start with a small, personal example. I recently bought and sold an investment property in Austin, TX, that involved multiple additional strategies in order to make it profitable. I was the 8th investor to see this deal. The previous investors didn't see anyway this short sale transaction would be profitable. Well, they were off by about $290,000. That's right, by combining a handful of different buying and selling strategies, I was able to solve the challenges that other investors were not, and was able to make in one transaction the amount that the average American family would make in 9 years! This is the power of knowledge in real estate. As in any business where you are touching tens of hundreds of thousands of dollars, shouldn’t you know and understand as many options as possible when it comes to purchasing or selling properties? Making money in real estate is as I stated above; 'it’s simply a discipline...it can be learned'. One final note on the importance of learning multiple strategies: Many ‘former’ investors are such because they fell in love with one or two strategies only, and when the market changed, they were unable to adapt due to their lack of knowledge. When I started in 2003, I focused on fix and flips. Many other flippers didn't see the trend changing to short sales, and since they didn't make the change, they went out of business. Understanding these different types of strategies allow investors to adapt to the market as well as profit from deals other investors.


Failure to treat their real estate investing business as a business – When people have jobs, they spend 8 hours a day working at it. Once they become business owners and have freedom, many unsuccessful investors don’t work very hard at it. It’s amazing how folks will trade time for dollars to make someone else rich but don’t put forth the effort to make themselves money. Too many people watch TV shows on how to get rich quick in real estate and seem to think that it doesn’t require much time, effort or knowledge. Dealing with the high dollar amounts that profitable real estate investors do requires a high degree of education, planning, and systemized processes. If you are seeking to create wealth through real estate investing, then spend more time and effort taking this opportunity seriously. This means developing a business and marketing plan, creating an entity, building a team of professionals, establishing business credit, attending educational events, and dedicating non-negotiable time on a daily or weekly basis in which you will construct this business. Finally, people can do hobbies by themselves. Successful investors surround themselves with others who share the same passion, and find a mentor who is willing to share their experiences. Get active in your community and let people know what you're doing, which leads us to the next tip...


Failure to Advertise New Business - In my experience, I’ve found that many newbie investors are ashamed to talk about their business until they have done at least one successful transaction. Procrastinating on your storytelling will cause you to miss referrals from your friends and family that could lead to profitable deals. Let everyone you talk to know that you’re a real estate investor. The great advantage to this business is networking, because everyone knows someone who is behind on payments, having a hard time selling their house, or looking to purchase but cannot obtain conventional financing. Profit driven real estate investors understand the importance of leveraging other peoples’ relationships, contacts, and resources. These things will build your business tenfold, so don’t be shy about what you're doing! GET THE WORD OUT!


Failure to take advantage of the Internet – Does internet marketing work? You're reading this article online, aren't you? More home sellers and homebuyers are using the internet than any time before, and this trend will continue. They use the internet to not only look for options on buying or selling a property, but they use it to also research the investor to see who you are or what experience you have. One of the best ways to build credibility or legitimacy in your real estate investing business is to have a professional looking website. Getting involved with press releases, writing articles or blogs about your strategy, or shooting videos about your experiences will give you an ‘expertise’ level of knowledge in the industry. People will 'google' your name to find out more about you, and since this information influences their decision, make this information available online so you can control what people find out about you! In fact, reading this article that I’ve written about real estate investing may be the first time you’ve heard of me and may lead to a very mutually fruitful business relationship! You can create relationships like this too by writing about your experiences.


Not utilizing the services of real estate agents - A knowledgeable real estate agent can be one of your strongest allies. Agents have more knowledge about developments and trends in given areas and may already have a qualified buyer or seller who fits within your real estate strategy! Plus, they are able to provide great assistance with running comparables. But not all real estate agents have the same knowledge or experience. The key is finding an agent who understands both your end goals and your real estate investing strategy. Given all the advantages, you will definitely want to have a good Realtor on your team.
So what have we learned? There are two types of mistakes to learn from: your own mistakes or others. Look, you'll always make some mistakes, but learning from the gaffs of others will allow you to prevent certain costly missteps and allow your business to thrive quicker. Talk to others money making investors and find out not only what they did correctly, but also discover what errors they made! By treating your business like a business, planning appropriately, and leveraging the resources, skills, and relationships of others, you will put yourself in the best possible position for success.

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About Phill Grove

Phill Grove has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill has invented a new strategy called the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the "12 Ways to Buy and Sell Real Estate", as well as marketing and lead processing strategies that actually work. Find out more about Phill at http://ping.fm/Lggox

The Best Mortgage Assignment Program

In just a few weeks I am releasing a program that teaches investors how I have created a hugely profitable mortgage assignment business and how they can do it too. I'm going to tell you all of the secrets to my success and give you all the tools, the scripts, the whole enchilada; this is by far the best mortgage assignment program out there, period.

Who am I? I'm not one to toot my own horn so here's a professional bio that was written about me:



"Phill Grove has been called the most successful residential real estate investor in post-bubble America by dozens of today’s top guru’s. He has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill teaches how to zig when others zag, and believes the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and has never seen a bigger opportunity than now to grow rich while helping others."

For many years my main focus as a real estate investor was short sales. Over the last year or two the short sale business has increased but the number of short sales that banks are approving has steadily declined. There were still a ton of homeowners facing foreclosure that needed my help, but there were no assurances that the bank would cooperate if we started a short sale. In order to facilitate these deals and to make the type of money I was used to making my focus transitioned to mortgage assignments. I had so much success with this new strategy that I decided to create a mortgage assignment program for other investors to share in the wealth (I know this seems a little unorthodox, I should keep my killer secrets to myself, but truly there are way more mortgage assignment deals out there than me and a thousand clones of myself could handle).

The Mortgage Assignment Program

So what is it? My mortgage assignment program will show investors how to do something that no one else is teaching. It's a basic premise: I will show you how to sell 'unsellable' houses to 'unloanable' buyers.

The mortgage assignment program will provide you with tons of content. I will go over how to acquire the properties, how to market to both buyers and sellers, the tools I use in my business, how to process the leads, and how to plan and structure your business. You will also get a ton of material to use such as my contracts, disclosures, prospect questionnaires, and legal forms. In the next few weeks I will be releasing a series of videos that will teach you about the mortgage assignment program and all of it's offerings.

If you would like to see the Mortgage Assignment Program videos you can pre-register here at http://ping.fm/isOMr

REI Maverick, Phill Grove, Announces The Official Release Of His Mortgage Assignment Profits System A New Way to Sell Un-sellable Homes to Un-loanable Buyers Austin, Texas, January 24, 2011 — Due to popular demand, real estate mogul Phill Grove, CEO of REI Maverick (www.REIMaverick.com), has announced that he is re-releasing his revolutionary online real estate program called the Mortgage Assignment Profits System on Monday, January 24, and it will now be available nationwide. REI Maverick’s Mortgage Assignment Profits System focuses on how to sell ‘un-sellable’ homes to ‘un-loanable’ buyers. Realtors, investors, and anyone interested in staying in the real estate market during these tough economic times will profit from the REI Maverick Mortgage Assignment program because Mr. Grove will detail how to turn ‘worthless’ leads with no equity into real estate riches. “When we teach the Mortgage Assignment investing strategy,” says Phill Grove, a long time investor with more than $200,000,000 in real estate transactions, “we typically explain it in 3 simple steps. In the first step you are concentrating on real estate marketing and lead processing. The second step focuses on how to present, convert, and get the property under contract. You’ll even receive the exact marketing materials that have had proven results for me. The last step is marketing for the buyer and closing the deal.”

The Mortgage Assignment Profits System has the proven system that converts. The REI Maverick himself spent over 16 months perfecting this system in Austin, Texas, before his regional launch last fall. Since then, the results have been so impressive that Mr. Grove is ready to market his proven process nationwide. His online launch is scheduled to go live at www.REIMaverick.com beginning Monday, January 24, and will be available for only 7 days. “Simply put, the Mortgage Assignment Profits System shows you how to create those leads and convert them into real estate profits without having to rely on the bank’s financing.” Phill Grove's claim to fame is that he has conducted over 1,000 short sales over the last 8 years. More recently, Mr. Grove has become a highly sought after speaker and trainer in real estate investing circles nationwide, teaching his '12 Ways to Buy and Sell Real Estate' and most recently his 'Mortgage Assignment Profits System.' His Phillosophy (pun intended) is that "the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and there has never seen a bigger opportunity than now to grow rich while helping others." To learn more about Phill Grove’s online Mortgage Assignment Profits System, please visit www.REIMaverick.com

What is a Wrap Around Mortgage?

Put simply a wrap around mortgage is a new mortgage that is created on a property that "wraps around" an existing mortgage. Wrap around mortgages, or 'wraps,' are typically used when selling a home with owner financing
Here is an example that uses a Wrap Around Mortgage:

Value of Home: $150,000
Original loan amount: $130,000
Original interest rate: 6% (fixed rate mortgage)
Investor's Offering: $97,500
The owner can sell the home using a wrap around mortgage to a new buyer with the following terms:
Sales price: $155,000
Down Payment: $10,000
New "wrap around mortgage" amount: $145,000 (the balance on the new loan)
New "wrap around mortgage" interest rate: 7.5%

In this example, the homeowner would get to keep the $10,000 down payment (which will help to cover closing costs), and collects the monthly mortgage payment of $1013 (7.5% on the $145,000 loan), which is used to pay the existing mortgage payment of $780 (6% on the $130,000 loan) resulting in $233/month in positive cash flow.

As for taxes and insurance, the seller that creates the wrap around mortgage can pass the existing escrow to the new buyer or they can create a new escrow account to account for these expenses.

The major disadvantage to selling a home with a wrap around mortgage that there is always a possibility that the new buyer could stop making payments. If this happens the seller in the transaction would have to foreclose on the property, take over possession, repair the home if needed, and then sell the property again. This can be a very costly circumstance and by some estimates, this occurs in 70% of owner financed transactions. There are several ways in which to structure these deals and evaluate your buyer that can make your success rate much higher.

Common Questions About The Wrap Around Mortgage


Can any home be sold with a wrap around mortgage?
For the most part, Yes. Even in cases where there are multiple liens on a property, a new wrap around mortgage could be created and then sold to a buyer. In rare cases, a seller will create a wrap around mortgage for which the monthly payment is less than the underlying mortgage payments, which results in negative cash flow for the seller. Why would a seller do that? In some circumstances this may be the only way to get the home sold.

How long does the wrap around mortgage last and what happens when the buyer sells or refinances?
Most sellers that use a wrap around mortgage will structure the deal so that the buyer is required to refinance the 'wrap' after some period of time, 2 to 5 years is pretty common. If the buyer does not refinance in that time period, the seller can structure penalties in the contract such as having the interest rate rise at periotic time incriments. When the buyer does get the home refinanced, or sells the home, the seller's original loan is paid off and the remaining balance is then paid to the seller. In the example above, the seller would receive $15,000 when the home is refinanced or sold by the new buyer. This is called "the back end profit".

Can the lender call the loan if I use a wrap around mortgage?
Technically they could, but they most likely would not. Almost all mortgage documents have a provision stating that whenever a home is sold, the lender has the right to "call the loan due". This is called the "due on sales clause." That being said, we have never seen a case in which a lender actually calls a loan in which the loan payments are being made in a timely manner.

About Phill Grove

Phill Grove has conducted approximately $200M in real estate transactions – using non-traditional investing methods such as mortgage assignment, short sales, equity partnering, auction-options, wraps, swaps, and other methods – many of which he invented and/or pioneered for the industry. Phill has invented a new strategy called the Mortgage Assignment Profits System. Phill Grove has personally trained and coached hundreds of Real Estate Investors on the "12 Ways to Buy and Sell Real Estate", as well as marketing and lead processing strategies that actually work. Find out more about Phill at http://www.REIMaverick.com

Master Real Estate Investor, Phill Grove, Launches New Website

New site provides residential real estate investor tips, training, and resources for both experienced and inexperienced real estate investors from one of the most successful investors in America.

January 17, 2011 - Austin, Texas - Master real estate investor and entrepreneur, Phill Grove, has launched a new website and blog, at www.REIMaverick.com. The site's content focuses on providing readers with advice from a very successful real estate investor's perspective as well as Mr. Grove's opinion on real-time news stories effecting the real estate investing industry.

For nearly a decade Phill Grove has been investing in real estate and has mentored and coached hundreds of real estate investors along the way. During his illustrious career he has conducted approximately $200 Million in real estate transactions through the use of non-traditional investing methods such as mortgage assignments, short sales, equity partnering, auction-options, wraps, swaps, and many other methods. Some of these investing techniques he invented and/or pioneered for the real estate investment industry. Dozens of top real estate investment 'gurus' have recently referred to him as 'the most successful residential real estate investor in post-bubble America.'

Phill Grove's claim to fame is that he has conducted over 1,000 short sales over the last 8 years and he and his staff continue to work on dozens of short sales every month. More recently, Mr. Grove has become a highly sought after speaker and trainer in real estate investing circles teaching his '12 Ways to Buy and Sell Real Estate' and most recently his 'Mortgage Assignment Profit System.' His Phillosophy (pun intended) is that "the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and there has never seen a bigger opportunity than now to grow rich while helping others."

REIMaverick.com provides advise, training, videos, news and more from Phill on a variety of real estate topics such as: short sales, flipping houses, lease options, owner finance, mortgage assignments, and dozens more. The scope of the website and Phill's training philosophy is to provide investors with a wide variety of investment options so that they are able to do more types of deals, and thus more deals.

Phill Grove remains committed to setting the highest standards in the real estate investment industry. Nobody understands the dynamics today's real estate investing market like the REI Maverick, Phill Grove.

HUGE Losses At Bank Of America

Bank of America announced last Friday that they lost $1.6 Billion (that's Billion with a 'B') in just the 4th quarter of 2010, trying to clean up their mortgage department mess.
"Brian Moynihan, completing his first year as CEO, said he was disappointed but stressed that the bank is tying up old problems and moving ahead."
I realize that Mr. Moynihan inherited this problem and is not totally to blame for the bank's losses, but disappointment is a bit of an understatement...

Read the rest here: http://bit.ly/hOBfrq

http://bit.ly/hOBfrq <--- HUGE Losses At Bank Of America

Mortgage Assignment Profits System ? Official Press Release

REI Maverick, Phill Grove, Announces The Official Release of His Mortgage Assignment Profits System
A New Way to Sell Un-sellable Homes to Un-loanable Buyers
Austin, Texas, January 24, 2011 — Due to popular demand, real estate mogul Phill Grove, CEO of REI Maverick (www.REIMaverick.com), has announced that he is re-releasing his revolutionary online real estate program called the Mortgage Assignment Profits System on Monday, January 24, and it will now be available nationwide.
REI Maverick’s Mortgage Assignment Profits System focuses on...

Visit http://bit.ly/fiGTYi to read the rest of the article

http://bit.ly/fiGTYi <--- Mortgage Assignment Profits System – Official Press Release

Shorter Short Sales?? Yeah Right!

BofA Reduces Short Sale Approvals To 2 Weeks
I'll believe it when I see it. Bank of America has been notorious in the past for long, drawn out short sales, but in an 'exclusive' webinar this week with BofA top brass the announcement of new policies and procedures to expedite short sale approvals was announced.

Read the rest of the article here: http://bit.ly/fHcO9X

http://bit.ly/fHcO9X <-- Shorter Short Sales?? I'll believe it when I see it BofA!

Google Buys Earth! Or Some Of It!

It's Good To Be Google!
During a time when most of the country has been pinching pennies and tracking where every dollar is spent, Google released their 4th Quarter of 2010 spending report showing that they spent nearly 3 times the amount of any other quarter in the companies' history.

Read the rest of the article here: http://bit.ly/i923S8

http://bit.ly/i923S8 <-- Google Buys Earth! Or Some Of It!

Is Commercial Real Estate Dead or Alive?

Is Commercial Real Estate Dead or Alive?
Positive news in the press today about commercial real estate climbing in the final quarter of 2010. According to a Moody's Investors Service study commercial real estate markets across the U.S. were stable or even showed moderate improvement during the 4th quarter last year. The commercial real estate market has been devastated since the start of the 'recession' due to reduced occupancy rates and renters falling behind on payments during the tough economic times.

See the rest of the article here: http://bit.ly/eWmFwG

http://bit.ly/eWmFwG <-- Is Commercial Real Estate Dead or Alive?

Who Knew? Nicer homes sell faster!

I just read an article that made me laugh and I had to share it. Apparently a home that is fixed up will have a better chance of selling and sell faster than homes that are not remodeled. A study was conducted to find out this INCREDIBLE news. It gets better! Rehabbed foreclosures sell faster as well.

See the rest of the article here: http://bit.ly/e0yAyb

http://bit.ly/e0yAyb <-- Who Knew? Nicer homes sell faster!

Flipping Houses | Working With Sellers

How To Get What You Want!
My favorite part about real estate investing is that I get to make money by helping people. As an investor you get paid for being a problem solver during some of life's toughest times; what I call the 4 D's: death, divorce, downsizing, or debt. It is typically one of these D's that separates a traditional seller from someone seeking more creative means to unload a property. I read an article today that summed up how to deal with a seller and get the deal done, and it comes down to one pretty simple idea:

Click http://bit.ly/enuktp to read the rest of the article.

http://bit.ly/enuktp <-- Flipping Houses | Working With Sellers

Short Sales Predictions For 2011

Will we see an increase or decrease in Short Sale Activity in 2011?

It's been a bumpy ride for short sales investors since 2008. Over the last two years a lot of banks have been less than eager to approve short sales, instead drawing out the process for long periods of time and ultimately halting short sales completely for a while at the end of 2010 because of the robo-signing debacle. So is there light at the end of the tunnel for short sale investors?

Short Sale Predictions

While I have continued to operate my short sales business successfully through this mess, I must say that it has become more difficult for a short sale to get approved by the bank, so it's taken working on more deals to create the same income (luckily for investors, there are a lot of short sale deals out there). If the short sale predictions for 2011 that are reported in the news are correct we should see a significant....

Read the rest of the article here: http://bit.ly/flo9pk

http://bit.ly/flo9pk <--- Short Sale Predictions for 2011

13 Foreclosure Horror Stories

We recently wrote this story about 13 foreclosure horror stories that he heard about. Its amazing what these BIG banks are doing to people. What happened if we only had small town banks again where the bank knew their clients? 50 years ago people would never have been treated like this. What happened to the human factor when working with people to solve a problem?

Here is that article that I just read on this --- > http://bit.ly/fxfdHj

Why do BIG banks do this to people? Do they NOT have the technology to track this? Of course they do. Do they not train people right at the banks? Sounds like a plausible management and training problem.

Are banks just SO big now with to many departments and no one actually communicates directly about customers?

With foreclosures at an all time high, why would banks not want to address this problem directly with homeowners verses playing all of these games.

I hope that more people are getting help from others to fight these big banks.

Argh....this article really got my blood boiling today.

Check out the article that got me REALLY thinking about Big Banks and their foreclosure Horror Stories -- > http://bit.ly/fxfdHj

My best,

Curt Maly

13 Horror Stories of Foreclosure! Why do BIG banks treat people this way? Article --- > http://bit.ly/fxfdHj

Video Marketing Tips - Social Media Marketing

I thought that you all may find this very interesting about how video can help improve your business....

I just checked this article out and I think you will find these video marketing tips helpful.

I can tell you that video marketing has REALLY helped my real estate businesses and a few other businesses I own.

If you are looking for video marketing tips, this is the article to read!

http://bit.ly/fa0TPT

Check out this article, I know this video marketing tips will help my businesses even more!

http://bit.ly/fa0TPT

My Best,

Curt Maly

Video Marketing Tips | Black Box Social Media | Social Media Marketing http://bit.ly/fa0TPT

Facebook Valuation Rises to $50 Billion - Is This a Correct Valuation?

Facebook Valuation Rises to $50 Billion – Is This a Correct Valuation?

I just came across an article that I just had to share and talk about because it’s so relevant in today’s market.

I just reviewed an article about Facebook receiving $500 Million Dollars in funding based on a valuation of $50 Billion!

You can see the full article here: http://bit.ly/gZQLXe

Here is what we don’t quite understand is HOW can this new valuation of Facebook be correct? We all know that Facebook traffic is up and now more people check Facebook before they even check their own personal email. Ok we get that.

We also know that Facebook is expanding worldwide and in all reality, Facebook is rather “new” to the world. We know that “new” is a relative term for an online business. Facebook is picking up speed and with recent new Facebook partnerships, Facebook is poised to be the new mammoth revenue producing machine. As people join Facebook and become more engaged on the network, the revenue possibilities are endless. OK we get that too.

But here is the part I did NOT get... check it out and tell me what you think? http://bit.ly/gZQLXe

My best,

Curt Maly

Facebook Valuation Rises to $50 Billion – Is This a Correct Valuation? --- > http://bit.ly/gZQLXe