Say Good Bye to Double Closings with Short Sales !

Hello Friends:

I just wanted to post what I believe is an alarming trend that may affect your bottom line. It seems that a lot, actually 99.95% of my fellow attorneys are unwilling to do double closings! Since the government is applying pressure on the mortgage industry underwriting policies and procedures, most attorneys do not think the appearance of creativity in regards to closings, is worth the risk.

The amazing thing to me is that even if funds from the first position deal aren't used, they still won't facilitate the closing, and suggest you wait for a couple of days to 2 weeks to schedule a closing! You maybe saying that what does a few days or 2 weeks between closings accomplish? Actually nothing!

So what do you do? An easy fix, is to have someone waiting in the wings not only to purchase the property, but to add, with your name of course on the release of info document that you fax to the bank at the beginning of the process. After, you negotiate the short sale you let them close on the deal and you get cashed out later!

Real Estate Tip of The Month : Short Sale Pre-Foreclosures

Hello All:

Here is your July real estate tip of the month. When dealing with pre-foreclosures, and deciding whether to do a short sale, find out up front if the mortgage had PMI insurance! Why? If you were active in real estate investing in the late 80s early 90s when we were in a foreclosure cycle, but at a much lesser magnitude, most mortgages hadPMI insurance. This allowed lenders to take back properties and turn down the majority of short sale offers, and bring those properties into their REO inventory - thus lessening there financial exposure.

What's different in this cycle we are experiencing is that do to creative loans like 80/20s, the cushion is not there! So it stands to reason, if you know how to navigate the short sale process you will be able to get unbelievable deals ( just make sure you have someone in the wings to buy it).

If you stumble upon a deal that has PMI insurance you may want to move on to a property that doesn't have any! That doesn't mean that it is impossible to negotiate a good deal; just more complicated. If you would like to take your short sale skills and tactics to the next level, please do not hesitate to take a look at my investing tools at http://www.JGage.com and click on investing tools or products.

Be well.

3 Things You Need to Succeed in Real Estate

3 Things You Need to Succeed….

There are just a few musts to succeed in real estate …..

1. Most importantly, you must have the desire to succeed. Desire is the seed for any type of success!

2. You need to have a few hours a week to dedicate to this. It can be at night or on weekends, or during the middle of the day if you don't work 9 to 5. The flexibility is great. You can do it when it's convenient. But like anything worthwhile, if you do nothing, you'll get nothing.

3. You need to have confidence! You need to realize you will never be left alone as you learn how to do this. We will guide you along so you are very comfortable and knowledgeable. Confidence — that's how you can make a six-figure income working from home!

On the other hand, there are a lot of things you DON'T need to succeed …

5 Things You Don't Need to Succeed ...

1. You don't need a lot of money. You can start your own business with very little money upfront. And because there aren't any clocks to punch, you can keep your day job while you learn.

2. You don't need a college degree or a license or certification. But you do need to understand the specifics of this business — the kind of knowledge you'll gain from this program. We don't care about your education or training.

3. You don't need previous business experience. In fact, it'll probably be easier for you to master this program if you don't have a business background.

4. You don't need to be a salesman. This is not a job for only a few, lucky individuals. All you need is some time and desire to make more money. We'll teach you the rest.

5. You don't need "connections" in the real estate industry. Contrary to popular belief you don’t need connections to be successful, just specialized knowledge.

Loss Mitigation and Foreclosures

by James Gage

Loss mitigation is the process of trying to stop a home foreclosure before it occurs.

The loss mitigation process can be led by a representative of the lien holder or a third party that is working for the home owner.

It is often better for a disinterested third party to handle the situation as they can work with a lending company without any emotional feelings.

Loss mitigation was introduced as a collaborative effort between the federal government and the mortgage industry many years ago; contrary to popular belief it wasn’t something started because of the sub-prime melt down! The program was established to help home owners that were facing the loss of their homes due to delinquent payments and hardships.

It is nearly impossible to complete a successful short sale without dealing with the loss mitigation department at the bank How you deal with loss mitigation department is critical to a successful transaction.

Some bank customer service reps may say that the bank does not have a loss mitigation department. Keep trying! They have the department you are looking for, just under another name. Ask if the bank has a work-out department, foreclosures department or short sale department.

There are several options when it comes to loss mitigation but the main focus must be to keep the home owner in their home if possible. A loss mitigation professional will first seek to set up a loan modification plan or a repayment plan ( aka forbearance) that is realistic for the home owner as well as agreeable to the lending institution. With the repayment plan, it is imperative that the plan be realistic when it comes to the home owners ability to repay the amount that is delinquent. Obviously there has been a prior financial situation so the solution must be beneficial to the homeowner.

Loss mitigation is about keeping the home owner in their home. If that does not seem like a possible out come, every attempt should be made to help the home owner get the most for their home; hopefully avoiding a foreclosure sale. This may include deed-in-lieu of foreclosure or a short payoff if a qualified purchaser can be found.

Once your deal is accepted, get it in writing immediately. Find your buyer or arrange financing and get the deal closed. You don't want anything to happen between the acceptance and the closing to make you lose your deal.

Take the time to know what your rights are in the foreclosure process; it is possible to use the loss mitigation process to get back on track with your mortgage. Lenders ultimately want to keep the home owner in their home and it is up to the home owner to show that they will be able to catch up or maintain the mortgage payment in the future.

Today's lenders have more foreclosures than ever. They don't want properties, and as a result are very willing to help, if the documents and numbers make sense.

Treat them with the respect they deserve and you might be surprised what might happen!

Good News For Short Sale Investors

Hello All:

This just came to my attention, so I thought I would pass it on to you my fellow real estate investors and friends.

In late December, President Bush signed the 2007 Mortgage Foregiveness Debt Releif Act, which provides tax help for homeowners facing foreclosure or who sell their homes in a short sale.

Previously, if the value of your home declined and your bank or lender forgave a portion of your mortgage debt, the tax code treated the amount forgiven as income that could be taxed, according to the IRS.

In other words, if your lender forgave $20,000 in mortgage debt because your house was worth $20,000 less than your mortgage balance, the IRS treated this debt forgiveness the same as income that you earned from your job -- and required you to add $20,000 in phantom income to the amount of your annual income and pay tax on it at your marginal tax rate.

So as you can see this will be an added benefit you can explain to the homeowner, which in days gone buy became another devastating event to losing their home. It should be noted however, that if a bank or mortgage company decides not to 1099 Misc an individual, but rather decides to seek a "Short Fall Judgment / Summary Judgment" the above act will not be of use.

I hope this was of value.

James Gage

Observations for the Coming Year

All booms eventually go bust.

We all remember the stock market crash of 2000, and most of us remember the real estate crash after the implementation of the 1986 Tax Reform Act.

Unfortunately, despite our understanding of booms and inevitable busts, it's always near the top of a boom that "dumb money" buys in. Currently, this has set the scene for a potential market bust of which few people are aware.

Supermarket Inspiration

About a year ago, I wrote a Yahoo! Finance column warning readers that the real estate boom was over. How did I forecast the end of the boom? I got my hot tip from the cashier at my local supermarket, along with other economic factors.

While she was tallying the cost of my apples, broccoli, and steaks, she handed me her new real estate agent's card and invited me to call her for my next real estate investment. Moments later, I was home writing that column. As I have always said, "When dumb money chases smart money, the party's over." Needless to say, many real estate agents and investors wrote me nasty notes.

Most economists are forecasting a strong economy, but economists worry me more than newly minted real estate agents. Most seem to be happy that inflation is in check; when I hear that inflation is in check, I begin to think about deflation, and as most of us know, deflation is much, much, worse than inflation.

The Truth

In the simplest terms, inflation occurs when there' too much money in the system. On the flip side, deflation occurs when there are too few dollars in circulation. When that happens, prices start to fall. For example, in inflationary times, prices of houses go up. In deflationary times, prices of houses come down. If prices of houses begin to drop too fast right now, it could be 1986 all over again.

I wrote a column in 2005 about how I love debt and my credit cards. The trouble is that most people do. In the past you could qualify for a loan to buy a house simply if you're alive and breathing.

The strong economy we've been experiencing for years has thus been built on dumb money -- in addition to smart money -- borrowing more and more. Even the U.S. government has had field day borrowing money to do such things as fight a war and attempt to rebuild Iraq and Afghanistan rather than rebuild our country. And the inconvenient truth about debt is that it has to be paid back.

Warning

For the next two years, I'm cautioning people to watch their ratios between good debt and bad debt, and keep liquid reserves such as cash, gold, or silver and become a leveraged real estate investor through short term strategies.

Good debt is debt that makes you rich. An example of good debt is the debt on the apartment houses I own. That debt is good only as long as there are tenants to pay my mortgages. If tenants stop paying their rent, my good debt turns into bad debt.

Most people don't have good debt -- all they have is bad debt. Bad debt is debt that makes you poorer. Forms of bad debt are car payments, credit card balances, or other consumer loans.

On our home, my wife, Sharyn, and I keep a 25 percent debt-to-equity ratio. In other words, our debt is 25 percent of the home's value. Unfortunately, many people have an 80 percent or higher debt-to-equity ratio. That means the debt on their home is 80 percent and their equity is only 20 percent.

To protect ourselves, we have cash reserves to cover the expenses of our investments. Unfortunately, the dumb-money crowd has no reserve funds for their properties and or investments.

Where Deflation Does Its Damage

In a deflationary market, the value of your home can drop. If the value drops, the bank may call in your loan. Even if you've never missed a payment, and even if you're ahead on the payment schedule, the bank can call in your loan if they feel the value of the property is lower than the loan amount.

For example, say you buy a house for $100,000 and put 20 percent down and borrow $80,000. If the market deflates and the value of your home drops to $70,000 (because everyone else is selling their homes to get out of debt), the lender may ask you to pay the $80,000 you owe immediately.

If such deflation happens, cash will become king. There will be half-price sales on BMWs, expensive restaurants will close, and people will be out of work. And anybody who caters to people with dumb money will be in trouble. As I said before, deflation is much worse than inflation.

Smart Money, Bad Times

The good news is that during deflationary times, smart money reenters the market, so crashes are great for smart people with smart money. Instead of listening to the optimistic economists, then, you should eliminate bad debt and improve your debt-to-equity ratios on good debt.

Most important, study; if you want to be smart, you need to learn. I'll discuss what you should study in the second part of this column. For now, be aware that if deflation comes and there's a recession, it won't have much effect on the poor. Instead, it'll punish middle-class people who think they're rich because their houses and stocks have gone up in value.

Finally, don’t forget the impact of our weakening dollar; some forecast that a gallon of milk will be at $5.00 by summer due to the weak buying power of our dollar.

The moral of the story is that those who prepare and know how to invest will make it through the tsunamis ahead and make a whole lot of money, which can be used in part to educate others.

Have a happy, healthy and prosperous New Year.

James Gage

Tip of The Week : Short Sales

Short Sales are the buzz in most real estate arenas today, but do you know how to profit from them?
One of the most important components of any successful short sale is what should you initial offer be or counter offer. Did you know most short sales fail and no counter offer is offered by the bank or mortgage company because the initial offer was much to low!
So what do you do? Do you just pick a number out of the air and pray that things work out, and that your offer is accepted? Why no! If you have been a reader of my tips and newsletter over the years, than you know I have a formula I use to make my initial offer or counter offer, if the bank has prepared a price ahead of your offer based on their BPO (Brokers Price Opinion).

Here is the formula that I have been using over the past 4 months which has served me very well and increased my equity position:

Here it is...

Step 1: I take the estimated or actual BPO amount or the value of the house, based on the comps then multiply that number by 65%.

Example:

$175,000 (Estimated BPO value) X 65% = $113,750

Step 2: I then take the number I got and multiply it by 92%

Example:

$113,750 X 92% = $104,650 INTIAL or COUNTER OFFER

Hope this helps.

PS: Don't forget our Holiday sale of 35% off of all our products. Just visit our website below, click on "Products" and enter promo code 777 at the check out form - Happy Shopping.

http://www.jgage.com

Be well,

James Gage

Is The President Helping The Sub Prime Industry?

Hello All:

Yesterday President Bush unveiled a plan to control the hemorrhaging in the sub prime loan industry, but truth be told it's just another example of smoke and mirrors! There are so many hoops for people to jump through that at the end of the day only 15% of the loans will be rescued, and that will only postpone the inevitable for 5 years down the road.

So the moral of story is that the melt down will continue with a second push of defaults scheduled for 5 years from now. How can we rebound and find a bottom to this market if we have scheduled another down turn 5 years into the future? I have posted the article below for your review.

Be well,

James Gage
PS: Now is a great time to start investing, if you are a leveraged investor - find out how by requesting our FREE newsletter.

No Quick Fix for Subprime Mortgages

By JEANNINE AVERSA,

AP

Posted: 2007-12-07 12:23:14

WASHINGTON (AP) - Be ready to wait if you want to get information from a toll-free hot line about freezing the interest rate on your subprime mortgage.

Minutes after President Bush outlined a plan to help strapped homeowners, callers were told to have patience until a counselor could answer their questions and "devote as much time to you as necessary."

But, once they do get through, homeowners may not find the answers they sought.

One caller to the hot line (1-888-995-HOPE) was told there would be "lots of hoops to jump through" to obtain the five-year freeze. The rate hold goes to the heart of the relief effort for people with subprime mortgages, which are loans offered to borrowers with tarnished credit or low incomes.

Even President Bush acknowledged the plan is "no perfect solution." Treasury Secretary Henry Paulson said it was not a "silver bullet."

Only a fraction of the homeowners who face huge jumps in their mortgage payments appear likely to be helped by the plan, negotiated by the Bush administration, to freeze the low introductory rates on their subprime loans for five years. After that, they could be in the same position again.

Homeowners dialing up their mortgage company to get their current rate frozen could be disappointed. The White House plan does not force mortgage companies to give eligible homeowners a break. It is voluntary.

The White House on Friday defended the system and its eligibility requirements.

"I wouldn't call them `hoops,"' White House deputy press secretary Tony Fratto said. "I think we are trying to make sure, as we outlined yesterday, that we're getting at the right population that can best be served by this program."

Bush promoted the initiative Friday for the second day in a row, using his weekly radio address to call it "an example of the government bringing together members of the private sector to voluntarily address a national challenge - without taxpayer subsidies or government mandates." The president taped his address for Saturday airing, and the White House released the transcript on Friday.

In first announcing the initiative on Thursday, Bush said 1.2 million people could be eligible for relief. Aid includes the rate freeze and helping people refinance into more affordable mortgages. The Center for Responsible Lending, a group that promotes homeownership and works to curb predatory lending, estimates that just 145,000 families will qualify for the rate freeze. The criteria are too strict, it says.

The White House plan is aimed at stemming foreclosures, which have shot up to record highs as the housing market has gone from boom to bust.

Subprime borrowers have been hardest hit by the meltdown. Initially low interest rates that reset to much higher rates have clobbered those borrowers. Nearly 2 million adjustable-rate subprime mortgages will reset from introductory rates of around 7 percent to 8 percent to much higher rates this year and next. That raises the specter of even more people being forced out of their homes because they cannot keep up with their monthly payments.

Rising home foreclosures are a headache for politicians and a danger for the economy.

Bush tried to shift blame for the crisis to the Democratic-led Congress.

"The Congress has not sent me a single bill to help homeowners," Bush said.

One measure would give the Federal Housing Administration more flexibility; a second would change the tax laws temporarily to help people who have a portion of their mortgage forgiven by banks.

Sen. Charles Schumer, D-N.Y., complained the criteria for Bush's mortgage freeze are too narrow to help most distressed homeowners and worried that legal challenges by investors might stall the effort.

"While we certainly all hope this will be a shot in the arm for the housing slump, it is hardly a panacea," Schumer said. "There are too many families who may be left out, too much left up to the voluntary willingness of the private sector and too little disclosure and transparency to ensure families who do qualify are being helped."

Under the plan outlined Thursday, the rate freeze offer would be available only to people who have not missed any mortgage payments at their introductory interest rate. It also only would apply to loans taken out between 2005 and this past July 31 and scheduled to rise to higher rates in Jan. 1, 2008, and July 31, 2010. To make sure speculators don't get the break, the rate freeze offer applies only to people living in their homes.

The idea behind the administration-negotiated plan is that the five-year freeze will buy time for the housing sales and prices to start rising again. Such a rebound would enable homeowners to refinance their current adjustable rate mortgages into fixed-rate loans with more affordable monthly payments. But some people who want to buy homes and have been priced out of the market are upset that there's no help in sight for them.

Of the nearly 3 million subprime adjustable-rate loans surveyed by the Mortgage Bankers Association in the third quarter, a record, 18.81 percent of them were past due. A record, 4.72 percent of the loans entered into the foreclosure process during that period.

Meanwhile, there still is the possibility that investors, who were counting on bigger returns from the higher rate resets, will balk at extending the duration of the lower rate.

George Miller, executive director of the American Securitization Forum, whose members include investors, ratings agencies and other financial players, backed the White House's effort and developed streamlined procedures for lenders to follow when sorting through borrowers' requests for relief. He was hopeful lawsuits could be avoided, but he struck a note of caution.

"Certainly, there is no complete insulation from legal exposure," Miller said.

Another Bright Idea !

Hello All :

I was going through a list of articles today and I couldn't believe my eyes! Yes, it's true our national financial gurus/advice givers have come up with another brain storm - "use your credit cards to pay your rent" ! As sited in the article below the premise is to charge your rent to your card and pay it off each month if you are in good financial shape, and capture the rewards points.

There is a number of flaws in this thinking: 1. Most people who are in good financial shape do not rent, but rather own property, 2. When you run up your credit, even if you pay it off at the end of the month affects your FICO score, 3. Most people do not have the discipline to pay off their card each month, so aren't we creating another financial tsunami, or it least adding to the coming credit one?

As most of you know, who have been a reader of this blog, I called this sub-prime tsunami 12 months before it happened. I am now forecasting 2 more I see on the not to distant horizon:
1. Credit & Credit Card Collapse: When people have to pay the mortgage to keep their homes, they live off their credit cards for food, clothing, utilities etc. Eventually the money runs out and not only due they default on credit obligations, but the home loan is not far behind, so be on the look out for another down turning in housing.

2. The US Dollar: We are in deep trouble folks! Not only are super models asking to be paid in Euros, but for the first time in history the Canadian Dollar is at parody with the US Dollar. I read recently that Canadians are traveling to the Northeast US for vacations because they get more for their dollar! Unfortunately we are part of a global economy losing our sovereignty bit by bit each day. The Chinese have threatened to blow up our economy by pulling out of the US Dollar, the Arabs are talking about switching from the US Dollar to the Euro has their stand for oil trading, and the icing on the cake- the Federal Reserve is posturing to cut interest rates again. You my be saying, Jim, that's great cutting interest rates will help the economy right? Wrong! It will further weaken the dollar, and cause our resources to become a "K-Mart blue light special" for foreign investors.
Finally, to illustrate how the dollar has lost much of its value ponder this. In 2002 the Euro was worth .88 to the US Dollar, 5 years later the Euro hit a high of $1.50 against our dollar.

So as you can see in order for you and your family to survive this unwanted restructuring of our
countries finances, you must become a leveraged investor through short term investing. Please visit my web site www.JGAGE.com and learn about these exciting avenues of financial security.

Be well & to your success,

James Gage

Financial tip of the day: Charge the rent to your credit card?

Posted Dec 1st 2007 9:10AM by Zac Bissonnette
Filed under: Personal finance

Charging the rent to your credit card sounds insane -- it seems like it would be the eighth deadly sin, tied with going to a payday lender to get gambling money.

But as the New York Times points out, the strategy can be great if you're in good financial shape: If you pay off the balance each month you pay no interest, and you can rack up rewards on your credit card -- possibly round-trip airfare anywhere in the country each year if you have high rent!

Mr. Bernanke - Thanks A lot !

In previous articles, I stated how my research suggests the Fed’s interest rate cut this past Tuesday will likely do little to stimulate economic growth and will serve only to increase inflationary pressures. The truth is that the rate cut will help make mortgages cheaper to get , but it won't do any good because underwriting guidelines are still going to be unbelievably tight for most applicants.

Another example of smoke and mirrors.

Blog you later.

James Gage

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

Foreclosures: Stocks Lose Steam on Subprime Worries

AP
Stocks Lose Steam on Subprime Worries
Tuesday July 31, 2:35 pm ET
By Madlen Read, AP Business Writer

Wall Street Rally Fizzles As American Home Mortgage Problems Revive Subprime Anxiety

NEW YORK (AP) -- Renewed concerns about soured home loans and the financial solvency of some lenders shot down a continued recovery rally on Wall Street Tuesday, causing stocks to pare sharp gains.

Earlier in the session, stocks had soared following strong earnings from General Motors Corp. and Sun Microsystems Inc. and amid somewhat mixed economic data.

But stocks pulled back after American Home Mortgage Investment Corp. said Tuesday afternoon it hasn't been able to tap into its credit lines and has hired advisers to consider its options, including the sale of its assets. Wall Street has been concerned about tightening credit after some loans made to borrowers with poor credit have gone bad, and that anxiety contributed to the market's big plunge last week.

_____________________________________________________________________
This further illustrates my point that our economy along with the stock market is nothing more then smoke and mirrors. Yesterday all the fear was out of the market, CNBC had all the regulars on saying happy days are here again because of corporate profits; indeed they are rising, but not due to American investing, but rather foreign investing! Which by the way does nothing to help are national or local economy. Remember, we are part of a global economy; therefore a strong stock market is a mute issue with a weak dollar. How weak? In 2002 the Euro was at .82, today 1.3688- in 5 years the dollar has devalued by approximately 38% !!!
For the first time , in my life time at least, Canadians are vacationing in large numbers here in the US because they are getting more bang for their buck!

This is just a taste of what is to come my friends! Tell me, where are these companies going to turn to? This is definitely going to effect every aspect of our economy and the only ones that will come out on the right side of the stick is savvy investors. Now more than ever is the time for us as investors to learn everything we can on foreclosures and the short sale process.

Stay tuned for helpful strategies and tips.

Foreclosure: Preparing to Make calls to Sellers

First you have to go through your newspapers, preferably 2 weeks old. Start with the houses for sale by owner, cross out any by Realtors (at least for now). Next go through the houses for rent. Go up on line to the major FSBO sites and pull down homes in your area. Remember, with some of the changes these sites have made, to save time, just take down the telephone number.

Now you are ready to organize your calling. Go through the above lists, be sure you don't have any duplications.

Check your database to be sure there are no duplications. Now you are ready to call. Get your yellow pad and make up your headings of: telephone number, type of property, price, and notes. Pull out your telephone calling script and start calling. If you get an answering machine, leave your message script for the appropriate type of property. When you get to speak to the seller, ask all of the questions in the script. Remember, you want to build rapport with the seller.
In addition, by using your script you will get all your questions answered before you leave your home office to view the property. If not, you don't leave your home office. Remember, your time, knowledge and energy are valuable commodities, you will not squander them.

Short Sales: Special Webinar on Short Sales

Hello All:

Just a quick reminder about tomorrow nights webinar on Short Sales; lines are filling up fast! We are down to 25 lines available - so don't delay in signing up. I promise you that you marketing efforts will increase by 40% with just one of the secrets I will reveal!

I will be sharing real world short sale strategies and techniques such as :

* Getting past the "Gate Keeper".

* Getting the bank to say Yes!

* What needs to be in your short sale package to overcome the BPO.

and much more...

Below you will find the sign up information, register Now! Limited Lines Available...

I hope to meet you on line.

To your success,

James Gage

Thursday, July 26, 2007 - Special Webinar with Foreclosure.com

Time: 9:00PM EST

Topic: The Art of The Short Sale

Where : CLICK HERE TO REGISTER

* Only 25 lines remaining- Register NOW !

Foreclosures: More Bad News!

Hello All:

As I predicted over a year ago, this housing meltdown will spill over into the main stream America. This is why you should look into becoming a short term real estate investor. Look what the media and mortgage institutions are finally realizing; so with that being said, how long will it take to hit a bottom? My prediction is 24-28 months. I guess I should place an addendum on that statement; as long as we don't have another 911, sustain a flu pandemic or if the dollar is not devalued even further against foreign currencies, then a rebound should happen.

Be well and may all your deals be profitable.

James Gage
Mortgage Fears
by Yahoo! Finance and The Week
Countrywide Financial says that the subprime mortgage has spread to borrowers with good credit.

Short Sales: Special Webinar on Short Sales

Hello All:

I'm excited to post my next webinar with the folks at Foreclosure.com. I will be sharing real world short sale strategies and techniques such as :

* Getting past the "Gate Keeper".

* Getting the bank to say Yes!

* What needs to be in your short sale package to overcome the BPO.

and much more...

Below you will find the sign up information, register Now! Limited Lines Available...

I hope to meet you on line.

To your success,

James Gage

Thursday, July 26, 2007 - Special Webinar with Foreclosure.com

Time: 9:00PM EST

Topic: The Art of The Short Sale

Where : CLICK HERE TO REGISTER

* Only 200 lines available- Register NOW !

Real Estate Investing: More Evidence...

New Home Sales Fall in May for 4th Month

AP -

Sales of new homes fell in May for the fourth time in the past five months, providing further evidence of a continued slump in housing.

Just FYI.....

Get started investing today!

Short Sales: Fact of The Day

More than 30 subprime lenders, including New Century, have gone bankrupt this year!