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Alexis McGee’s Exclusive Step-by-Step System for Closing Great Deals

Their Foreclosure Lists include many profit opportunities throughout the United States. Since 1995, Foreclosures.com has also provided its customers with industry leading education on how to maximize these profits.

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It’s impossible to discuss foreclosure investing success stories without beginning with Alexis McGee, Foreclosures.com President. Alexis is one of the most highly recognized experts in the industry and since 1992 has trained thousands of successful foreclosure investors nationwide. Her foundation foreclosure training program, Seven Steps to Mastering Foreclosures is wildly successful because it embraces honest and ethical investing techniques. The student is a provided an arsenal of systems, arming them to hunt profit in all economies, everywhere in the country.

McGee’s investing philosophy is designed to create long term wealth using solid strategies that actually help the investor, homeowners and lenders — a true win-win-win investing approach. As a 25-year veteran of the foreclosure-investing business, McGee knows firsthand what works and what does not. Within the first 10 years of her career, Alexis participated in the closing of more than $100,000,000 of distressed property transactions. It was during this time that Alexis developed her founding honest and ethical investing principals that make her techniques so effective.

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Her Mastering Foreclosures home-study audio program with course outline, contracts, and forms is the most indepth foreclosure investing information available anywhere. You’ll find timely down-to-earth, step-by-step instructions that will help you make huge profits in the foreclosure investing business in any market – without needing cash or credit of your own to get started.

Why This Program Works

McGee’s methods stress “honesty and ethics” when approaching distressed homeowners, agents and asset managers. In a business known for “predatory” tactics, Alexis’ approach is refreshing and well received. She has proven without a doubt (read the thousands of testimonials) that can you can earn a great living and help others at the same time.

With Alexis’ guidance, you will learn what to say and how to say it when calling homeowners in trouble, agents and asset managers on their REO (real estate owned) foreclosures. You will have a proven system, that builds momentum and builds the confidence needed to find, structure and close profitable foreclosure deals, whether or not you have the cash or credit to invest. Alexis will show you how to close your first deal, the right way, within 90 days of completing her program.

30 Day Money Back Guarantee

If you are not completely satisfied with your Seven Steps to Mastering Foreclosures homestudy course, simply return it within 30 days of purchase, in re-saleable condition, for a refund (minus shipping).

Mastering Foreclosures

Hans Anderson

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I’m sure you know that buying rental properties is a great way to generate income and build your wealth. But you must keep in mind that a rental property is a serious investment. Doing your homework and finding the right deal is definitely a prerequisite.

I’ve seen investors purchase rental properties with the best
expectations only to watch their investment become a problem child or money pit because of location/neighborhood factors, unforeseen maintenance issues, poor tenant choices or bad decisions like hiking rent up too high for the market. We all need to learn the ropes and sometimes this means making mistakes and learning from them.

Are you interested in finding a cheap property to either live in, rent out or flip? Join the Foreclosure Insiders Club to access a list of distressed properties in your area that desperate owners, fearing bank foreclosure, could be selling at bargain!

I’ve compiled this list to help you find a good rental deal. If you’re even thinking about buying a rental property, you should definitely watch for the following things:

1. Good location. Traffic is good, because it makes rentals easier to rent. Signs can pull more response than an ad in the paper. Also, if it’s in a nice locale, it will usually rent faster. Nice locales include places that are close to amenities.

2. Good numbers. Verify every last expense, figured them into your calculations, and be sure that you’ll have positive cash flow from the start. One of the biggest mistakes investors make is to start with negative cash flow.

3. Expensive homes. High home prices create rental demand. What do people do if they can’t afford to buy? They rent, of course. Look in areas with high house prices.

4. Low maintenance properties. Cedar-shake roofs and wood-sided buildings just mean more expense and trouble. Look past current expenses to how much maintenance the building will need. Lower maintenance means fewer headaches and more profits.

5. A good rental history. Look at the rental history, and note how long residents are staying on average, and how often they pay on time.

6. Below-market rents. Buying rental properties with below-market rents is a sure wealth builder. It means you get to raise rents, and that means you immediately raise the value, because rental property values are based on income.

7. Complies with fire codes and zoning. Have the property
inspected, and ask local officials if there are any existing
problems. Sometimes a violation that was tolerated for years won’t be tolerated once a new owner is in the picture.

8. Less than 25 years old. The number is somewhat arbitrary, but if you limit your search to newer buildings, you’ll be less likely to have building code and maintenance problems.

9.Owner/manager is out of state. These properties are often the best deals. It can be a real headache to manage a property from far away. Out-of-state sellers are often more concerned with a quick sale than a high price.

10. Stable or improving neighborhood. It’s okay if it’s stable, but if you can buy in a neighborhood that is improving, you’ll rent the units more easily. This less vacancy, more income, and therefore, automatic appreciation in value with time.

As you look at properties, you’ll find other things to add to this
list. Some things are particular to an area, like local rental
codes that tell you what you have to fix or improve.

I’ve had some success at finding solid rental properties by joining the Foreclosure Insiders Club – where my membership gets me the inside track on potential rental properties that are available at bargain prices in my area. Membership to the Foreclosure Insiders Club grants me access to a listing of pre-foreclosures that desperate owners are looking sell! I can watch for properties that may be going up for auction. This site gives me access to information before other realtors or investors in my market know anything – keeping me ahead of the game! I highly recommend it!

Add these to the list above, and actually carry the list with you, so you don’t forget anything. Watch for the right things, and you’ll be safer and make more money buying rental properties.

To Your Success!

Aiden Win

Mr. Foreclosure

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With the commercial real estate market about to go into a crisis that may actually even be worse than the one experienced by the housing sector, it is easy to figure out the reasons why the bank regulators have urged the lenders to enhance their efforts in finding ways to approve a commercial mortgage modification for their property owners on the brink of foreclosure.  The Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and other regulators are concerned that the viability of the banks and lenders could be severely compromised as a result of the expected large number of defaults by commercial  property owners.  The property owners are experiencing difficult times as a result of the reduction in their cash flows, the decline in the values of their properties, and absorption periods for rental and sales that are too long.

The financial regulators are also aware that a large percentage of the distressed commercial borrowers are still capable of repaying the mortgage and that they are just unable to do so at the moment because of the economic situation.  Therefore, if both lender and borrower can find a way to agree on a beneficial commercial mortgage modification, they are bound to benefit from this decision in the long run.

According to the bank regulators, there are different types of commercial mortgage modification deals, such as the offer of additional credit, the extension of the term of the mortgage, adjustments to the payment terms, and the renewal of some of the provisions.  The regulators also pointed out that if the loan workout will bring down the classification of the mortgage, the bank examiners will not regard this as a black mark against the financial institution if the bank had followed the applicable standards in assessing the risks that would be inherent in the restructuring of the loan.

The financial regulators want to prevent foreclosures that could have untoward effects on the economy, the borrower and lender if both parties are unable to come up with a commercial mortgage modification agreement that is acceptable to them.  Naturally, the borrower will suffer the consequences of losing an income-producing asset and this will also have unwanted repercussions on the economy.  The lender will also be negatively affected because it will just be stuck with an asset that is almost impossible to sell in a situation where the market is experiencing a glut in repossessed properties, aside from incurring the hefty costs of pursuing the foreclosure proceedings.

As for the borrower, it is usually prudent to get the services of a loss mitigation professional who can help in preparing the arguments that could be more effective in convincing the bank to approve a commercial mortgage modification.  This professional will also conduct a forensic loan audit to find out if there are any indications that the lender had violated certain laws and regulations governing the rights of borrowers when it provided the loan in the first place.  Violators of these laws and regulations face severe penalties, thus, offering the property owner with a potent tool for convincing the lender to approve an application for debt restructuring.

Stop by www.commercial-modification.com for more details

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First, let’s see if you are making any of these common rental application mistakes:

* Ability to effectively screen your prospective tenant.
* Likelihood you’ll collect your rent.
* Chances for recovery if you have to turn the tenant over for collection.

Next, is your lease application up to par? Make sure it includes:

* Personal Information: Including the full legal name, phone numbers, Date of Birth, Social Security Number, and Driver’s License Number is critical for screening. While the SSN is not required to obtain a credit report, it is a crucial identifier in the screening process. Likewise, the Date of Birth is critical to criminal background checks, and Driver’s License info is invaluable for uncovering fraud, and for collection efforts.
* Previous Address History: Gives you the basis for deciding which criminal databases to search, allows you to cross-check against the PATH report and other information provided to avoid fraud, and gives you current and previous landlord information for references.
* Employment Information: Helps you judge financial ability and to cross-check against the credit report to avoid fraud, and is a necessary step to satisfying a judgment should you go to collection.
* Banking Information: Provided primarily to show financial ability, to screen for fraud and is also used for garnishments in collection.
* Credit References: Helps you determine this prospect’s attitude toward financial responsibility, and provide important references.
* Personal References: When verified can help you decide if the tenant is responsible, and confirms other information, such as previous address history. If personal references are not from the tenant’s purported geographic location, this could be a red flag.
* Emergency Contacts: Must-have in case of an injury or when a tenant disappears, and also provide valuable clues for the skip-trace or investigation when collecting against a tenant who skips.
* List of Proposed Occupants: Get an application from each adult, and record each child’s full legal name.
* Detailed Information On: Each car tenant owns (another way to find him if he skips), each pet, and inquire about possible nuisances like musical instruments, and heavy or dangerous furniture like water beds.
* Authorization Statement: Must appear above the signature line to allow credit checks, references, criminal and other background checks. You can also include a statement that confirms the prospect understands the application fee will be used to cover the costs of the background check, and is not refundable. Some landlords include a statement verifying that the information provided is true and complete.
* The Signature: Serves as verification of the information, and validates the authorization for the tenant background check. Make sure the signature and the name match.

Do not accept the application unless every item of the application is complete!

The American Apartment Owners Association (AAOA) is a smart organization to join for any foreclosures.com customer that owns or manages rental properties. As an AAOA member, you can take advantage of lots of services that you need on a daily basis, such as:

* Credit Checks (You get your first credit check free!)
* Criminal Checks
* Rental Leases and Forms
* Tenant Debt Collection
* Property Management Software
* And Much more!
* Join the AAOA for free

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Many of us take a good credit score for granted. Are you doing a similar thing? When is the last occasion you pulled your credit history report? It is recommended that you verify the correctness of your consumer credit rating data at least once a year.

This should help you stay along with blunders noted in your files and will also enable you identify any identity fraud dilemmas you may be unaware of. When you are searching for provisions related to fixing bad credit, also seek for comparable internet searches such as how to repair credit to find what you desire.

Taking part in the good credit rating game may not be the game of your choice. Actually, it has nearly been enforced on individuals because of the credit market place and the factors that condition our culture. Your monetary well-being is dependent on the details included in your credit file. Every time you get a refinance mortgage loan, the credit company will pull your reports from one of the principal three bureaus.

The facts in your history will determine if you are eligible for a financial loan and will likewise influence your rate of interest which will have an affect on just how much you repay. These influences can be huge when you are looking for a home mortgage or a brand new car. More higher interest rates indicate greater month to month repayments which makes it more difficult for you to save funds and take advantage of the safety that comes along along with wealth-building. It is impossible to produce wealth when you find yourself held down by extremely substantial monthly obligations. When you are interested in a credit repair professional, the goal should be to reshape your credit ranking to the highest possible standards so banks will grant you favor with loans.

This implies your data ought to be comprehensively examined and reviewed for mistakes or any forms of particulars inaccurately reported in opposition to you and taken off. Even if you think the details contained in your credit files is correct, almost always there is room for sincere reporting problems. When a person considers the substantial reporting activity of the three important credit bureaus, keeping up with files on over two hundred million Americans, it obvious how mistakes can flow through! This entirely can affect your great credit. Improving your credit rating could be a daunting task if you are not prepared.

Have you experienced credit difficulties in the past? Are you actively seeking to sort out those setbacks? The good thing is is your credit can be renewed into excellent standing and mistakes can be taken off giving you a reasonable chance at the loans you deserve. The moment to start out is right away. Start off by acquiring a duplicate of your credit file. Once you obtain it, critique the history of its details for errors. You are eligible by law to get one free credit report in a year’s time. Should you locate problems included in your consumer credit record, take the next thing by initiating the activity to correcting the errors and inaccuracies. If the routine is too much so that you cannot handle, then turn it over to lodge logic to do the work for you.

They are certified people in the mechanics that regulate the credit market and have an understanding of the process of getting you back into decent standing with credit establishments. Now is your consumer right and repairing your credit will have a significant effect on your economic existence.

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