There is no doubt in my mind that that BIGGEST OPPORTUNITY to make money in real estate in 2008 is going to be in the pre-foreclosure niche! It’s no secret that the foreclosure rate is at an all-time high. Just turn on the evening news – the national foreclosure crisis has had a ripple effect causing a drop in US cities’ revenue and an increase in abandoned, brightened, and vacant property.

Right now hundreds of thousands of homeowners are stuck with over-leveraged properties. In some part of the country there are as many foreclosure properties on the market as there are re-sale properties!

Realistically, it will probably get worse before it gets better because the number of adjustable rate mortgages set to change in 2008 is mind boggling. The number of homeowners that are going to have an upside-down mortgage (where the mortgage is worth that the value of the property) in the market is only going to grow.

How can the foreclosure crisis make YOU boatloads of money?

Get ready to tap into the foreclosure goldmine! If you’re an investor looking to dominate in today’s market and explode your income this year, you must become an absolute expert in SHORT SALES! The potential profits are unlimited!

Summary of What You Will Learn:

• How to negotiate with homeowners in foreclosure

• How to stop a foreclosure and give yourself more time to negotiate with the lender

• Learn how to find properties in pre-foreclosure.

• How to get 80% of your short sale deals accepted by banks

• What short sales can make you money, and which ones will waste your time

• How to put together a short sale package

• What deadly rookie mistakes to avoid

• How to negotiate with banks when they are being stubborn

• How to creatively finance these properties.

• How to structure your short sale deals to eliminate risk and maximize profit

You see the truth is I have been waiting for years for a market like this to appear. Now that it is finally here I’m ready to celebrate! Banks are practically giving away houses to anyone who asks.

“Than Merrill toasting today’s market”

The reason is there are more money-making OPPORTUNITIES in a down-market then in any market that is on the rise. This is why you see the most successful investors cashing checks while everyone else is holding their breathe waiting for the market to pick back up.

So what do these multi-millionaire real estate investors have that you don’t? Knowledge! More specifically the knowledge of how to find and negotiate short sales to buy properties for pennies on the dollar – quickly, easily with little risk or effort.

I don’t care how much you know about investing in real estate if you don’t know how to do a short sale, then you won’t ever make any serious money in the current market.

Risk Free with Little to No Money of Your Own!

What makes a Short Sale so appealing?! Short Sales are BOOMING because of the HUGE DISCOUNTS this strategy offers investors. Ultra-Wealthy Investors across the nation are literally creating equity OUT OF THIS AIR. Short sales are taking the investing to a whole new level, it’s virtually risk free and requires little to no money of your own! You heard right, short sales are that SIMPLE.., that is, if you learn the right systems

The Unique strategy of a Short Sale…

I’m about to expose one of the juiciest secrets in the foreclosure industry! Using this ONE strategy you can double, triple, or even quadruple your income! So listen up, here is how it works!

When a homeowner borrows money from a bank (or other lender) to pay for the purchase of their home, they take on a 1st and 2nd mortgage. Now, fast-forward…the owner falls into a financial crisis and is no longer able to keep up their mortgage payments. 30-60-90 days later the property goes into pre-foreclosure.

What you’ll find here is that these properties are “overleveraged” (or upside-down) meaning that the amount the owner owes on the mortgage(s) is more than the actual value of the property. Bankruptcy or foreclosure is right around the corner and the seller is STUCK.

I attended Than’s seminar after doing 8 real estate deals and I learned techniques that I know will have me doing 25 deals in no time. Than truly covers every single topic that you will encounter in this business that will make you successful. When you leave you will be armed with the tools for success!

- John Delserone, Cleveland, OH

Why wouldn’t the Homeowner sell the property themselves?

No buyer in their right mind is going to pay more than market value for a property (especially in a buyer’s market such a today). Because the owner owes MORE than what the property is worth, a market-value sale won’t cover the balance owed on the home mortgage.

In this case, the owner would need to pay the difference (as well as the back payments or anything else they owe the bank) out of pocket! Let’s face it, if the homeowner couldn’t afford to scrape together cash to pay their mortgage, it’s a safe bet to assume they won’t have a chunk of money ready to hand over to the bank.

That’s Where You Come In…

Step right up to the plate, because I’m about to show you how to hit one out of the ballpark! The situation I just described to you pretty much leaves the Homeowner at a dead-end. They can’t afford to keep the house, refinance or sell the house!

Having a foreclosure or bankruptcy on their credit history is like committing financial suicide so at this only thing the Homeowner wants is get out of the situation with dignity and a shred of credit left. YOU are the one who can MAKE THAT HAPPEN for them.

How a short sale works…

You’ll start negotiating with the lender (possibly lenders if there is a 1st and 2nd mortgage) directly to accept less than the total amount due on the loan. Essentially the lender would be agreeing to discount the mortgage down and accept a reduced payoff as “payment in full.”

A great example of this is a property I bought a little while ago in West Haven, CT. The seller called me looking to get out from underneath her debt on the home she was living in. She was three months behind on both her 1st and 2nd mortgages. The total payoff for the 2nd mortgage was $40,000. And here the negotiating began! I approached 2nd mortgage holder and made an offer for $10,000 to satisfy the loan, which the bank accepted as payment in full! I JUST CREATED $30,000 in instant equity!

Ohhh but it gets even sweeter!

Remember I said the homeowner was behind on BOTH mortgages, 1st and 2nd?! Well, all loans can be discounted, it doesn’t matter how many loans there are on the property! So, after a few phone calls I was able to get the 1st mortgage holder to take a discount as well, a $45,000 discount to be exact! Let’s do the math; I got $30,000 off the 2nd mortgage and $45,000 off the 1st mortgage…which means I created $75,000 worth of equity!

You wouldn’t mind buying a deal with $75,000 worth of equity in it, would you?! Heck NO! You’d buy those deals all day long and sail off to the Caribbean where you’d live happily ever after!

INSTANT EQUITY… It’s a simple as that.