U.S. Foreclosures Rise Sharply in July

FYI...

AP -

Foreclosure filings rose 9 percent from June to July and surged 93 percent over the same period last year, with Nevada, Georgia and Michigan accounting for the highest foreclosure rates nationwide, a research firm said Tuesday

Lease Options: The Answer to A Mortgage Emergency!

Hello All:

Well, here we are in the thick of what I have been warning for over 15 months- the sub-prime meltdown. Many have said that this would not spread into the rest of the economy. Guess what? It has; what's my evidence to prove this assertion? The Federal Reserve has been burning the midnight oil to print 37 billion dollars to infuse into the market; Country Wide is on the verge of bankruptcy the dollar is weak against all major currencies.

This is a perfect opportunity to put Lease Options to work! If people can't sell their homes and can't afford mortgage payments, they will only have 2 alternatives: 1. fall into foreclosure or 2. do a lease option. Sounds too simplistic to you? Sign up for my newsletter, or give me a call and I will explain this strategy in detail.

Be well,

James Gage

Lease Options: Latest News On Financing

Hello All:

Did you see the latest news on financing? It seems that a majority of lenders are clamping down on mortgage underwriting causing individuals seeking mortgages to be turned away in droves! Case in point Wells Fargo : Lenders are tightening standards and "raising rates like crazy." Wells Fargo & Co. is charging 8 percent for a prime jumbo 30-year fixed-rate loan that carried a 6 7/8 percent rate late last week.

This a great opportunity for those of us that invest with lease options; we can tap into this market for maximum profit. You see, I believe it will take about a year or so for the mortgage market to shake off and forget about this sub-prime melt down; when they see that their profits have taken a hit because of tightening practices- they will ease.
At that point individuals we have in lease options will be able to exercise their options and get financing.

Until next time be well and let's get out there and make some money!

James Gage

Real Estate : Russ Whitney & Robert T. Kiyosaki Want You To Be Rich!

We are enjoying the summer days this week at Cape Cod, Massachusetts before returning to NE Florida for some snook fishing at the end of the month. I love Summer mornings. I take my early morning walk, shower, drink freshly ground coffee and watch CNBC.

This morning, there was a special real estate magazine section with tons of glossy ads in my regions newspaper from Donald Trump on condos for sale. I usually go through this stuff pretty fast, but then my brown eyes came upon a major article entitled “Russ Whitney wants you to be Rich”© by Randall Patterson.

The article had the usual stuff you read in the blogs about Russ Whitney and his rags to riches story as well as his friendship with Rich Dad Poor Dad author Robert T. Kiyosaki. The article then begins to describe Russ Whitney’s introductory seminars (4700 per year) which start out free and then move the clientele up the pyramid from $4995.00 to $54,000.00 in program costs. The article also stated that 280,000 people attend per year and 22,000 enroll in the advanced courses. Even though I still use my fingers and toes to count , this is a great deal of money!

.On one hand, the organization boasts having “helped thousands of people become wealthy”, yet it took the reporter several weeks to get the company to provide 1 students to speak with him. When they provided the contact, the reporter discovered they were all employees or doing business with the Russ Whitney organization. With this volume of training which Russ Whitney has accomplished, I wonder why he just didn’t provide a few students who could vouch for his veracity? Easy enough to do.

I find it strange that my real estate competition always has problems in this area, I also advertise the following “Call me, I will be very happy to speak with you”.

No big deal, go to my web site read my e-Books and articles. If you have interest in working with a Mentor, then give me a call at (508) 595-9567 and see if you feel that I can part of your One-On-One Success.

To your success,

James Gage

P.S. I just read an interesting news release on Google stating that the Russ Whitney Organization signed a six-year lease on a 32,646 square foot building in Utah for 200 employees and $700,000.00 in furnishings for student coaching. The news release also stated that Rich Dad Poor Dad author Robert T. Kiyosaki and others attended the ribbon cutting ceremony. What’s the quote from Alice in Wonderland “Curiouser and Curiouser”