Most of it is hot garbage. However, this one struck me as something that might actually come to pass”
“Dear Kenneth,I am sure that you have read about the $700,000,000,000 government bailout of the financial markets and you are probably wondering what this means to you as a real estate professional.
Well, I have good news and bad news for you.
This bailout is bad for the taxpayers but good news for REO agents and here’s why. After the financial meltdown of the 1980’s the RTC took over 748 Savings and Loans and liquidated their foreclosed properties for pennies on the dollar. The taxpayers were left holding the bag for hundreds of millions of dollars. This time things are going to be different.
The new governement rescue plan, Troubled Asset Relief Program, or TARP, will purchase defaulted loans from financial firms, freeing up cash so that they can continue making new mortgages. The big difference is that the government will leave the banks and lenders responsible for managing and selling their own foreclosed properties.
This is the big opportunity for you and I. You see, there is a huge back log of defaulted mortgages right now because most lenders do not have the cash to foreclose. They have been waiting for months for the government to come to their aid and bail them out. I’m sure that you’ve seen many of these vacant homes in your area. They’re easy to spot, newspapers in the driveway and weeds as tall as a NBA player.
As soon as these lenders get their hands on their share of the 700 billion dollars they will begin foreclosing on these bads loans as fast as they can. And they will need trained REO agents to manage and sell them.
If you’d like to learn how to become the agent of choice for these lenders and get REO listings click here: http://www.reorenegades.com/ .
If you are already a REO agent and you’d like to get more listings click here:
http://www.reo-companylist.com/.
Right now REO’s make up 42% of all real estate sales in the US. The number of REO listings is likely to continue to increase into 2012 before leveling off. If you’re not an REO agent you’re missing out in nearly half of the business opportunities in real estate today.
I have been an REO broker for over 8 years and have sold over 1,000 REO properties. Last year I closed 214 transactions. I can teach you how to get REO listings even if you got your real estate license yesterday. And it won’t cost you an arm and a leg. In fact, right now you can get started for less than the price of a tank of gas.
Click here and get training from a real live REO broker. This is not an ebook, and I’m not from some “guru” who just jumped on the REO bandwagon last night.
To your success!
Frank Patrick
REO Broker
PS. Many companies will only list their REO’s with one agent per office. Join me today and get started before the other agents in your office find out..
PPS. Join today and get access to 117 of my REO clients for FREE.”
I’m really not cool with this type of marketing, and I’m not going to sign up or anything. I also don’t think this is particularly applicable to SF. But will this go down? I think it’s likely.