Kristan Cole from the Kristan Cole Team discusses the distressed properties in Alaska, and more specifically Wasilla, Anchorage, Palmer, Big Lake, Houston, and Meadow Lakes to name of few. Many homeowners don’t realize they have options when facing foreclosure and can be relieved of the harshness of having a foreclosure filed against their credit by selling their home as a Short Sale.

Kristan regularly updates the Mat-Su Valley and Greater Anchorage with monthly videos. Like the channel and stay updated with the current Alaska market.

Duration : 0:1:27

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Technorati Tags: Alaska, Anchorage, avoid foreclosure, Big Lake, filing bankruptcy, foreclosure, homeowner, Houston, July 2011 Distressed Property, Mat-Su Valley, Meadow Lakes, palmer, real estate, realtor, saving credit score, sellers, Short Sale, Wasilla

Have you ever dreamed about becoming your own boss or living a comfortable lifestyle that allows you to spend more time doing what you want?

If so, you’re not alone.

Did you know there have been more millionaires created from Real Estate than in any other business? And the number continues to grow, especially in todays economy where everything is on SALE!

Real Estate has always been and will remain one of the surest ways to create wealth.

Just look at how some of the most successful Real Estate Investors got started…

Donald Trump – Donald began his investing career under the mentorship of his father who was a property developer. After working with his father for 5 years, Donald learned the “ropes” and became a very successful real estate investor. Today he owns some of the most prestigious pieces of prime real estate in New York City.

Robert G. Allen – After being turned down by 50 of the top Financial Institutions in the country, Robert Allen met a real estate investor who took him under his wing and began teaching him how to invest in real estate. After many years of success and eye opening experiences, Robert authored “Nothing Down” which became one of largest best-selling real estate books in history.

Right now we are seeing foreclosures at all time highs. We are seeing home values decrease and properties over-leveraged. There is a huge opportunity right now in Pre-Foreclosures. So why not take advantage of it.

The best way to make money from properties that are over-leveraged in this market is by discounting the loans. Most people don’t realize you can do that. Lenders will accept less than what’s owed them. How much less? Fifty to hundreds of thousands of dollars depending on the house. By discounting the loans, you create instant equity.

Enough equity that allows you to sell a property in a distressed market and make good money doing it. There are discounts as much as 50 cents on the dollar and sometimes more depending on the property. Meaning a house that’s worth $350,000, could be bought for $175,000. How many of those do you have to do to double your income this year? One or Two!

This is a quote in 2008 from a loss mitigation specialist (the lenders foreclosure department) in Florida.

You are solving the banks problem and helping the homeowner avoid foreclosure in the process. The best part is that you don’t need good credit, a lot of money and it’s virtually risk free because you’re just controlling the property long enough to find a buyer.

This real estate system has created a downloadable Home Study Program to go right along with the FREE book  that’ll be mail to you. So you can test drive thisUnlock the Hidden Wealth in Pre-Foreclosures Home Study Program risk-free. You’ll be blown away when you see whats included in Unlock the Hidden Wealth in Pre-Foreclosures Home Study Program.

Since the Home Study Program is downloadable, you’ll need the Internet to access it. (But don’t worry; no special computer skills are needed.) You’ll be able to download the materials to your computer for instant and easy access. Plus, there’s free customer service support available (by email, or a toll-free line) if you ever need it.

NOVYAR

Novyar

Read the transcript: http://to.pbs.org/mQ9n4s

The troubled U.S. housing market got some good news Tuesday with word that prices in four major cities are on the rise, but a full recovery still appears to be a long way off. Jeffrey Brown discusses why home sales remain “tepid” with Harvard Business School’s Nicolas Retsinas and Inside Mortgage Finance’s Guy Cecala.

Duration : 0:12:30

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Technorati Tags: business, Economy, finance, Guy Cecala, Harvard, Housing, inside mortgage, Jeffrey Brown, Market, Nicolas Retsinas, PBS NewsHour, real estate, recovery, rise, Sales

Difficult to come buy and carrying a high price, Hard Money Loans  are the last resort for those who can afford it.

Let’s start with a quick comparison of conventional loans to hard money loans to create a distinction up front.

Conventional loans are the tool of most home buyers. Lending institutions loan money to the buyer based on credit history and income. Hard Money Loans are less dependent on credit score and revolve around assets, instead. There should be no confusion that one is a substitute for the other. When buying a house there are many choices in loan options, but the choice between conventional or hard money is not one of them. Hard money loans are for unique, often distressed situations.

Hard money comes from private investors who can take the time to assess a borrower’s entire situation, in a way that traditional lenders cannot. The private investor understands that a few missed payments resulting from something like loss of employment, does not mean the buyer cannot repay his loan. This is a perfect scenario of when hard money works. When the homeowner has fallen so far behind on his mortgage that he cannot catch up even though he has gone back to work and resume payments, the private investor can come in, provide hard money to pay original mortgage off, offering the borrower a chance to start fresh and preserve his credit. Soon the damages of the missed house payments are repaired on his credit report and he can refinance in a traditional manner.

The reason for refinancing as quickly as possible is that hard money loans carry stiff terms. Interests rates average between 10% and 18% making it a costly option, albeit a valuable one.

Another motivation to use hard money which is relevant in markets driven by Foreclosures is rehab purchases. Investors find a great property to renovate quickly for profit and they want the loan fast because there is already a buyer for the house when it’s done. The hard money loan is available much quicker and without the red tape of a traditional loan.

Don’t be confused, though, hard money loans are not a simple alternative for those with poor credit. Even private investors aren’t interested in a borrower with a history of bankruptcy or non payment. In addition, the closing costs on a hard money loan must be paid up front. These fees could be a couple hundred dollars or a couple thousand, making the hard money loan a non choice for most borrowers in distressed situations.

Hard Money Loans  are difficult to come by. The loan to value rate is a relatively low 50 to 75%. Hard money lenders like to only finance properties that are nearby them in areas they are familiar and comfortable with so they can monitor the property. Be wary of a hard money lender who makes things look too easy and shiny, as there are individuals who prey on homeowners and set up situations that guarantee failure so they can seize the house and profit from its sale.

If you fit into one of the unique scenarios that would benefit from a hard loan, do your research before signing any papers. Get recommendations on the private lender when you can. With no bank regulations on private lending the only one who can separate a legitimate lender from a loan shark is you.

MR BRECHER

serjik664http://gdata.youtube.com/feeds/api/users/serjik664EducationReal EstateDistressed Properties

Duration : 0:1:12

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