FAQ: Answers To The Most Asked Questions - Start Here

This is an REO, meaning this property has been foreclosed on because the owner couldn't meet their payments. The bank now owns this property.
Price‎: $514,900‎
Bathrooms‎: 3‎
Listing type‎: foreclosure‎
Lot size‎: 2,000‎
Feature‎: Colonial Garage: N Basement: Y Lot Size: 1817‎
Bedrooms‎: 4‎
Posted on‎: November 30, 2009‎
Property type‎: single family‎
Year built‎: 1920‎

Question: What is the steps for me to get hold of it... and what can I offer the bank.. how can I calculate it.

I'm totally new in this forum, and have recently moved to USA, that means I haven't had a chance to build up my credit score.. and I looking for a job.. hard to find those days... but I don't give up. My wife is an American citizen.. and me.. I'm just a green card holder. I haven't get the book I ordered last week.. so that's why I asking how I should act in this case.

I will need a financing help with it...

Another thing...
Im using http://www.4closurealert.com/member as a trail.. but when I searching there its only old listings in Brooklyn from 2007.. how comes???
To find this foreclosure‎ I used Google map.. witch is a wonderful tool and updated....

Hi everyone:

My wife bought me Dean's book BE A REAL ESTATE MILLIONAIRE Christmas of last year. I loved it! Saw his new infomercial for PROFIT FROM REAL ESTATE RIGHT NOW in February. Bought it, and again loved it! Tried a few things got discourage and stopped. Started looking into the Success Academy. Found out the cost and was not able to do it. Then I started thinking more and more about it and finaly said okay. Spent the next two months talking to my wife about it and with her support we decided to go ahead. Now, the main reason I wanted to join the Academy is because, when I would talk to them on the phone they was saying that, they would be calling and pushing me so much I would get sick of it to where I would have to change my number, or make something happen. I can admit I like to put things off for later alot, then never get to them. That's why I was so excited about the Academy, it gave me lots of hope.

Any way, long story short I was hoping that someone on here could offer some advice on how I can handle this situation, or at least what would be the best way to get started. I'm now unemployed, no money, and my credit is horrible. Any advice or information you could give me would be appreciated.

Thank You,

Jason

Looking on the '4closurealert' site; once I locate a real estate lead I like, how do I find out if it is still available with out contacting the Trustee? Should I contact the bank? I simply want to double check availability before driving out to see the property. Thanks for any help.

Anthony

I would like to know who is experienced in buying properties in the Springfield,MO and surrounding areaswith no credit and no money down and what current websites i can VIEW NOW!I would like to get some great deals before the years over with and find properties that are distressed people who just want to get rid of them before end of December. That's land and lake sales and free and clear properties.Email me with info! Hurry!!! Jane

I also do staging inside and out of properties:contains landscaping,painting and etc.etc.etc.

NEVADA STATE CORPORATE NETWORK INC. They are a full business and financial services firm that have given me a written guarantee that they can establish pure business credit (Dunn and Bradstreet type- completely separate from personal credit lines and does not require a social security # ;so they claim) for me ( a minimum of 50g ) while at the same time provide business services setting up a newly formed LLC. In return they ask for a initial fee of $3200.00. Met with the AE who confirmed what I already know (been investigating the idea for a couple of years)and further impressed me with some excellent business structure possibilities; he was very knowledgeable and I mostly trust him. Thing about is they have only been putting this particular package under guarantee for the past 8 months and I'm having a hard time finding independent references (not ones they gave me) for this particular offer.
Finally, the references I did find were for deals prior to this package before they offered a guarantee and they weren't good. Normally I would dismiss the company based on that except I happen to know they replaced their chief banker recently because he did not have the Rolodex he claimed he had and did a lousy job connecting clients up for loans. They claim their new guy is well connected and is doing a bang up job. Anybody that knows of somebody who has had a first hand experience with this company and this particular business package your information would be greatly appreciated. Thanks.

Anthony.

I'm pretty sure I've read this information in one of Dean's books. So bombarded with knowledge I cant remember. Where do I look to find short sales and do I contact banks for REO's or do I have a realtor do it?

I want to know what is going to happen when im sitting there with a seller & buyer in a double closing. Will the seller have to sign anything with me? will the buyer have to sign anything? How will I find a buyer and a seller to do a double closing? Is it a agreement they (seller & buyer) have to sign? I have these questions and some more...

I have read books and attended training in which being a bird dog is recommended as one way to begin earning money in real estate. What Texas law are you referencing? Thank you.

Wanted to know how you guys closed a deal with no money down. I read alot of stories but I still feel unsure.

I realize there are confidentiality issues, etc. but is there anyway those DG members interested in finding fellow members from their own state can be identified? I am in Nebraska so maybe something like: those NE members willing to be identified, please submit email giving permission to release name to www......... . I notice other members such as myself asking this information and not getting a response either largely due to the high volume. This would be so helpful not only for support but as investing buddies!

Thanks!

bkbrennan

Knowing Your Real Estate Market
New York Local Factors
My blog

New York home sales favored hot spots around Central Park and anything close to the river around Avenue 10 to 12, w37 street to w57 street.
The most popular neighborhoods in New York were the Upper Eastside and the Upper Westside with average home sales listings at $2,833.791 and $1,823.310 respectively.
The states average houusehold income recorded at $43,383 and the states per capita income was cited at $23,389.
New York's new housing development focused on community schools and property crime. The New York City Department of Education listed the best public schools as East Side Community High School and New Design High School. Property crime was reported as affeting 2% of New York's population.

New York homes were sold as fast as they were built. The average time on the real estate market was 60-90 days with average home prices at $650,000. The home prices as a % of asking prices were 90-95%. The year's percentage change in real estate prices from June 2008-June 2009 was 9.81%
The market prices for houses were increasing and signaled an uptrend. Despite the national wave of unemployment, foreclosures and tighter credit, houses were bought and sold with regular refinancing and interest rates.
The uptrend in real estate prices is expected to continue with New York's local factors being stronger than the national factors.
The best real estate market strategies would be buying and flipping, buying with no money down, offering real estate services to find sources of financing and finding foreclosures.

References:
Mark MacKenzie Real Eastate Planning
Trulia.com-New York Community Information
Househunt.com/real estate market trends

Hello Anita,

Thanks for your help. I have a question however,

I just purchased the books and its arrived. My question is that when I ordered it I asked the person on the other end who took my order if his books are applicable and his methods can be used here in Canada.

My hesitation was when the person who took my order didnt know the answer but I continued to try it out. To my surprise when it came into Canada, I had to pay an addition $27.00 dollars as duty. So, I am now more reluctant to go and pick up the book because now in total I would be spending $70.00 and not even sure if this product is usable here in Canada.

Would you happen to know where I might get an answer or how to contact Dean to ask him if his methods can be used here in Canada just the same.I really hope you can help me out!!

Eagerly waiting your reply
Your friend in Canada, Thank you

Natalie

Can you please help me open the video blog #54

I am a newbie i am looking for someone to help me get started in chester county maybe a partner. were do i go to post this

if i was looking at bank reo and i wanteed a propety how do i go about and if the offer is accepted can i assign it to a investor?

I am looking for a student of dean that is looking to buy an investment property in the Stone Mountain area that is being foreclosed on next week. I need an immediate response. I would like the home to be rented back to me. Please help!

Hello i am AL Wilson, i would like to know if either of you would know; how i can purchase Back Taxes Homes?

im new to r.e but im ready for change i have no credit never had a job and live in a small town im thinking the best bet would be to go with the asignment deals to get started then build on that could any one help me out with some advise?

I am new, but have been doing some bird-dogging in the South Georgia area (Valdosta). Looking to collect on first bird-dogging deal in the coming week. How do I use some of the proceeds to begin buying foreclosed or REO's, etc... when I have bad credit.

Is it a good idea to entertain buying the remaining lots (water & sewage already connected) within a subdivision?

I live in the Conyers area and I am interested in buying your investment property. Email me the stats to keenan@datalockdown.net.

mewright,

I live in the Conyers area and am very interested in buying your property. Please forward me the stats via email:

Instant equity exchange would really work well for espcially here in Austin,Texas. Admittedly ,I was concerned about the law that prohibits
finders fees. like some DG FAMILY members this is how I was hoping to
start out. The Instant Equity Exchange is the way for me to go.
I would like to thank all of my DG FAMILY members for their postings.
Thanks to you all I have learnt alot from YES YOU today.
In addition to that a very special thanks to ( RP ).

Instant equity exchange would really work well for espcially here in Austin,Texas. Admittedly ,I was concerned about the law that prohibits
finders fees. like some DG FAMILY members this is how I was hoping to
start out. The Instant Equity Exchange is the way for me to go.
I would like to thank all of my DG FAMILY members for their postings.
Thanks to you all I have learnt alot from YES YOU today.
In addition to that a very special thanks to ( RP ).

Annual

Mortgage amount: $50,000
Interest rate:6.25%
Term of mortgage: 30 years
Property taxes: $550 (1.1% of $50K)
Property insurances: $750 (1.5% of $50K)
PMI: $10 (0.02% of $50K)

Monthly:

Monthly principal and interest: $2,604.17
Monthly taxes, insurance, PMI: $ 118.33
Monthly mortgage payment: $2,722.50

If you got a good deal going do you pay any money to the owner I'm new and don't have any money HELP

What is the point of Resale Homes? I looked for a definition in the back of
Dean's Be A Real Estate Millionaire book and didn't find anything.

Hi, I just ordered Dean's books from his infomercial, but I havent got them yet. Then i received the email to register with the forum. Here I am in the FAQ's. Since there ia 54 pages, I figured, let me start at the end (more current info)... and what I have found is the last 15 pages or so.... have no answers. everyone is asking questions, but there are few to no answers?? how does this help? I am so confused because this is the place I am suppose to start, right?

I am pretty smart when it comes to understaning new things, but if there are no answers, what is the point of the forum? I think its great that everyone is asking questions because it may be something I will come across at one point. So I am writing it down in a notebook for later refernce. Even though I dont understand the abbreviations, acronyms etc. I know I will in time, maybe I need to read the book first. BUT, i figured if I at least came here I could understand the process a little better. It seems like the older posts everyone was helpful, all the coaches and "inner circle." Although I really did not want to go off of old information, so I skipped it. Should I start from page ONE??? or am completely in the wrong place?

thanks
Vee

I am very new and my biggest question right now is where do I search for properties and what information am I searching for. I honestly don't know.

Hi! Your at your first step Right here! I recommend spending time reading other posts copy and pasting key words in Google while you wait for the arrival of Dean's Book! That is what I am doing and I am already learning a whole lot!
Good Luck!

There's a foreclosure in my neighborhood that I'm trying to get info on, but I am having trouble. Every site I visit seems to require a fee of some kind...and one actually asked for personal financial information. Can anyone recommend a legitimate website for searching foreclosures in Maryland?