Investment Property Summit

First, for those of you that took advantage of the‘weird’ strategy I use to help me achieve my goalshttp://www.MyPlatinumClub.com/products/item70.cfmyou are going to have a little bit if insight into this. The Big Mistake. The big mistake most commercial brokersmake with the business items andwith their personal items frankly is this “waiting untilnext year” business. Question for you.... Why the heck are you waiting until next year??? So I am talking with my buddy who’s wife just hada baby. She has gained about 30 pounds andshe is looking large. Don’t get me wrong.. I amOK with all that. However, he tells me that hiswife is going to start exercising AFTER the holidays.. WHY? WHY WAIT? I always find it interesting. There are many thingsthat people want very badly but they are not willingto get to work on these VITALLY IMPORTANT THINGSnow. Heck, lets wait a few weeks. Must NOT be that important AFTER ALL then...Huh?? Take my Investment Property Summit I just recentlyhad and have now as my “12 days of Christmas”Special just for our members at 50% off.. You Can See The Real Life Property Tours Here...http://www.MyPlatinumClub.com/public/469.cfm I have gotten three emails from folks that have told me“Thanks, but I am going to wait until next year” Huh??? Folks, the time is NOW, nothing magic happens after January1 – the time to get going on these things is NOW. Yes there are distractions this time of year and yes thereare OTHER things going on. I get it. But if you REALLYwant it...you won’t wait. Have a good weekend!

More Declines Expected

"The reason the low end stopped falling is because thegovernment stepped in with affordable loans," said ScottSimon, managing director at Pacific Investment ManagementCo., a Newport Beach-based investment firm that runs theworld's largest bond fund. "There is no political will tobail out a million-dollar house." Luxury home prices probably will drop another 5 percentbefore reaching a bottom in September 2010, according to SamKhater, senior economist at First American. Those declines may lead to losses on jumbo mortgages thatdwarf the "haircut," or discount to full value, that bankstake on short sales or foreclosures of moderately pricedhomes, said Rodriguez, the agent with JM Group in Miami. "When the bank takes a loss on a $3 million property it'sa lot bigger than the loss on a home with a $150,000mortgage," Rodriquez said.

Trapped by Market

Masoud Bokaie, co-founder of engineering firm BORMAssociates Inc. in Irvine, California, owes $2.6 million ona 3,664-square-foot house with marble floors and granitecounters about 10 miles (16 kilometers) away in NewportBeach. He's waiting to hear whether lenders Luther BurbankSavings and Wells Fargo & Co. will approve a short sale. He received an offer last month "close to" the loanbalances, said Shirley Cameron, his agent at Coldwell BankerPlatinum Properties in Irvine, who declined to specify howmuch. Bokaie said he doesn't want to pay $7,000 a month innet costs including the property's mortgages and taxes whenreal estate values in the area continue to tumble. "What's the point when the market is going in the otherdirection?" Bokaie said in an interview. The U.S. median home price was $173,100 in October, 25percent lower than its July 2006 peak, according to theNational Association of Realtors. Prices fell 7.1 percentfrom a year earlier, the slowest pace of the year.

Luxury Market Left Out

Luxury Market Left OutThe Federal Reserve set out in January to lower fixedmortgage rate's by purchasing $1.25 trillion of bonds backedby home loans. The 30-year fixed rate for so-calledconforming loans that can be bought by Fannie Mae andFreddie Mac dropped to an all-time low of 4.71 percent inthe week ended Dec. 4, according to McLean, Virginia-basedFreddie Mac, the second-largest U.S. mortgage financier. Therate rose to 4.81 percent last week. The Fed purchases haven't affected the high end of themarket because they exclude so-called jumbo loans. Mortgagesabove the $729,750 limit set by Congress for the nation'shighest-priced markets cost almost 1 percentage point morethan conforming loans, according to Keith Gumbinger, vicepresident at HSH Associates, a mortgage-data company inPompton Plains, New Jersey. That's quadruple the historicspread. "There is no refinance market for you if you are underwaterand outside the Fannie and Freddie framework," Gumbingersaid. "High-end neighborhoods are all suffering from thesame problems of diminished income at a time when there islittle equity to work with."

Distress Properties

DistressYear-end bonuses for people at hedge funds, asset-managementfirms and insuranc'e companies probably will drop an average20 percent, the firm said. "There's a lot of distress," said Tracy McLaughlin,co-owner of Morgan Lane Real Estate in Ross, California,north of San Francisco. "You have hedge-fund guys whosefunds evaporated and a year-and-a-half later they're stillnot working." The entry-level segment of the housing market was aided thisyear by an $8,000 first-time buyers tax credit that pushedresales to a 6.1 million annual pace in October, the highestsince February 2007, the National Association of Realtorssaid in a Nov. 23 report. President Barack Obama signed a bill last month extendingthe program into next year. The new version keeps thefirst-time buyer benefit and makes a smaller creditavailable to some move-up buyers. It can't be used forhomes priced above $800,000.

Upside Down Mortgages

You are just starting to see the tip of the iceberg withluxury short sales," said Adrian Heyman, owner of PropertyAdvisors, a real estate broker in Scottsdale, Arizona. "Alot of wealthy people are upside down in their mortgages andthey just can't afford the second or third vacation homeanymore." There are 114,000 home loans of more than $1 million,according to First American. About a quarter of allmortgaged homes in the U.S. have loan balances bigger thantheir current value, known as being upside down orunderwater, the data company said. The Dow Jones Industrial Average lost more than half itsvalue as it tumbled to a 12-year low in March. The number ofU.S. households with a net worth of more than $1 million,not counting primary residences, fell to a five-year low of6.7 million last year from a record 9.2 million in 2007,according to Spectrem Group, a Chicago-based consultingfirm. The financial-services industry was among the hardest hit bythe recession. While Goldman Sachs Group Inc. set aside arecord $16.7 billion in the first nine months of the yearfor employee bonuses, some Wall Street executives will seepay cuts, according to Johnson Associates Inc., a NewYork-based compensation-consulting firm.

Mortgage Short Sales

Common Plight"It's not uncommon to see this situation on the high endof the market—homes selling for less than it would cost tobuild them," said Holzknecht's agent, Joe Flick of RoanokeGroup in Seattle. The property came on the market eightmonths ago priced at $1.85 million, he said. Porter Michael Peterson, a 33-year-old linebacker for theNational Football League's Atlanta Falcons, bought amansion near Tampa, Florida, four months ago for $1.1million—almost half the amount of the mortgage taken out bythe sellers three years earlier, according to real estaterecords. Reggie Roberts, a spokesman for the Falcons,didn't return a call seeking comment. Short sales almost tripled to 40,000 in the first six monthsof 2009 from the same period a year earlier, according todata from the Office of Thrift Supervision. The bankregulator doesn't break out short sales by size ofmortgage.

Mortgages Exceeding $1million

A recent article on bloomberg said that homeowners withmortgages of more than $1 million are defaulting at almosttwice the U.S. rate and are turning to short sales to unloadtheir properties as stock-market losses and pay cuts squeezewealthy borrowers. There’s a fortune to be made with luxury short sales rightnow and tonight, I’m peeling back the curtain to show youhow my negotiators are getting so many luxury short salesapproved right now. After you attend this training, you’llbe able to replicate what I’m doing and you will keep 100%of the profit while are your short sale negotiations are100% automated. Join me Tuesday night on my encore presentation of: WhyShort Sales Fail and How to Force the lenders to handle yourshort sales: http://www.dcfawcett.com/gonow"The rich aren't as rich as they used to be," said AlexRodriguez, a Miami real estate agent with JM Group USA Inc.,whose listings include a $2.9 million property marketed as ashort sale because the price is less than the mortgage,leaving the bank with a loss. "People have reached thepoint where they can't afford the carrying expenses of a $2million home." Payments on about 12 percent of mortgages exceeding $1million were 90 days or more overdue in September, comparedwith 6.3 percent on loans less than $250,000 and 7.4 percenton all U.S. mortgages, according to data from First AmericanCoreLogic Inc., a Santa Ana, California-based research firm.The rate for mortgages above $1 million was 4.7 percent ayear earlier. As defaults on the biggest mortgages rise, borrowers such asSteve Holzknecht are turning to short sales to exit loansthat now are larger than the market value of the house. Insuch a transaction, the lender agrees to accept less than a100 percent payoff on a mortgage to expedite the property'ssale. Holzknecht, 53, last month cut the asking price for his7,280-square-foot home in Kirkland, Washington, by $550,000to $1.25 million, lower than the balances of his twomortgages. Holzknecht, the former owner of Four Suns Inc., aSeattle luxury homebuilder that went out of business twomonths ago, constructed the Craftsman-style home in 2000. Hedeclined to identify his lenders or the amount he owes.

TRUE REAL ESTATE

What I am about to show you, will allow you to buy beautiful, valuable properties for under $1,000.00, and even as low as $500.00, $200.00 or even under $100.00.

YES you heard that right!!! TRUE REAL ESTATE for as little as $100.00!!! FREE AND CLEAR OF ANY MORTGAGE, and only a few bucks in back taxes.

Real Estate Investing "Guru"

It is important for you to know that I'm Not
just another Real Estate Investing "Guru"

Let me quickly clarify What the Land For Pennies System Is NOT:

As mentioned, my Program is about
Looking at Tax Delinquent Real Estate investing
from a completely different angle,
something that will make you want to quit your job RIGHT NOW
and jump right into this business immediately.

I am a very specialized Real Estate Investor.
Over my years of experience I experimented with
all kinds of Real Estate Investments,
but I always came running back to Tax Delinquent Property Investing.
Nowhere else can such large profits be made with so little money at risk,
so fast, so easy and so consistently.

And I am NOT just some other guy out there claiming
to know all about every possible Real Estate Investing Technique.
Instead I only teach what I do.


Since 1999 I have personally done over 5,000 Real Estate Purchases
and Sales using EXACTLY THE METHODS AND TECHNIQUES
I am teaching in my Land For Pennies System.
And I continue to apply them day after day
and will continue doing so in the future.

My Land For Pennies System Works! It ...

- Provides you with the ultimate blueprint for making
big profits by investing in tax delinquent properties.
100% ethical, legal and proven to work.

- It is guaranteed to work, so you have nothing to lose.
Why not take it for a test drive?

- It is affordable for anyone
and provides you with the insight
and the results you're seeking

- Is like no other real estate investing method on the market today

- It Has been tested and proven to work
by real-life and successful investors like myself.
These are ordinary people who once struggled just like you.

- With the Land For Pennies System,
you'll have exclusive access to time-tested and proven
techniques, methods, and strategies
that will bring profit-producing results.

- This unique system will take you by the hand
and guide you step-by-step through investing in
tax delinquent properties for dirt cheap
and then how to sell them in days for huge profits!

- You'll discover powerful tips, tricks
and little known secrets to increasing your profits.
You'll be empowered to provide a better life for yourself
and your family to live the life you've always dreamed of.

Don't be fooled by other products or systems
on the market that claim to provide you with these results.

Bankruptcies are at the highest level since 2005

Bankruptcies are at the highest level since 2005, when
2,078,415 were filed before Congress passed amendments to
the Bankruptcy Code, said ABI.

In October 2005, Congress implemented legislation making it
more difficult for filers to prove they should be allowed to
clear their debts in a Chapter 7 bankruptcy, forcing more to
file under Chapter 13. The law triggered more Americans to
rush to file for bankruptcy in the months before the law
went into affect.

The ABI report said business bankruptcy filings rose 32% in
the third quarter of 2009 to 15,177, and filings for the
first nine months of the year totaled 45,510, topping the
total 43,546 business bankruptcies filed in 2008.

Personal bankruptcies increased 33% to 373,308 during the
last quarter, led by a 42% hike in Chapter 7 filings, which
totaled 265,721. The number of consumers filing Chapter 13
bankruptcies rose 15% to 107,142 filings in the third
quarter, according to ABI.

During a twelve-month period ending Sept. 30 2009, the
report said total filings increased more than 34% to
1,402,816, compared to 1,042,993 in the same period of
2008.

Real Estate Lead generation

To continue this week’s training on lead generation, I’ve
got an awesome strategy for you that will allow you to
dominate your market because your competition doesn’t know
about this strategy.

You’ll get immediate access to this million dollar strategy
right after you register for the webinar. After you register
for the webinar, just stay on the webpage and it will
automatically change to the page where you can get this
awesome strategy we’ve uncovered for you:

http://www.dcfawcett.com/go

When a homeowner that’s in foreclosure files bankruptcy, it
immediately stops the foreclosure process and it stops the
foreclosure auction from happening even if the BK is filed
the day before the foreclosure auction. It’s very common for
homeowners to file BK to stop the foreclosure auction so
they can stay in their house longer. This only delays the
inevitable.

Sooner or later, they will be kicked out of the bankruptcy
process and they will be back into the foreclosure process.
There is a loophole in the system that we take advantage of.
It takes 30 days for the property to be put back into the
foreclosure process.

That means they don’t go back onto the foreclosure list for
30 days and they are very MOTIVATED to sell because these
homeowners know they will be put back into foreclosure and
they will be kicked out of their house by the Sherriff.
These 30 days are your window of opportunit*y to get all
these deals to fill your pipeline before anyone.

I’m going to show you that loophole and how to find these
deals the day after they get kicked out of bankruptcy so you
can get the deal before it shows up on any foreclosure list
and before your competition knows about it.

Register for the webinar here and get immediate access to
the Million Dollar Loophole Strategy:

http://www.dcfawcett.com/go

There is a hug opportunit*y right now with these deals
because number of bankruptcy filings in third quarter of
2009 soars to highest level since 2005. Business
bankruptcies filed this year top 2008 total.

The total number of bankruptcies filed in the third quarter
surged 33% in 2009 and is at the highest level since 2005,
according to data released Wednesday.

The American Bankruptcy Institute, an industry research
firm, said 388,485 bankruptcies were filed during the last
quarter, compared to 292,291 filed during the same period in
2008, according to data released by the Administrative
Office of the U.S. Courts.

Filings for the first nine months of the year climbed 35% to
1,100,035, compared to 841,496 filings during the same
period in 2008. A total of 1,117,771 bankruptcies were filed
last year.

"The spike in bankruptcy filings for both consumers and
businesses reflect the continuing effects of today's weak
economy," said ABI executive director Samuel Gerdano in a
statement. "With unemployment surpassing 10% and credit to
businesses remaining tight, consumers and businesses are
increasingly turning to the financial relief of
bankruptcy."