Sunday, January 23, 2011

If You Can't Sell Your House, Think Mortgage Assignment

Lenders are "Stuck on Stupid"



If you’ve tried to sell your house for longer than you like, then it’s time to learn about alternate strategies – and I’m NOT talking about lowering your price.


The financial world is stuck – stuck on stupid some say – so the old way of accomplishing real estate transactions JUST DON’T WORK anymore. However, there are alternative strategies that can get you out of your house so you can move on with your life.
If you have:
  1. a Jumbo Loan

  2. Zero or little equity in your house

  3. had your house on the market for more than 120 days



Then you might want to consider a mortgage assignment strategy.


Here’s why: It’s not a problem with your house, or your real estate agent or the time of the year. It’s because buyers can’t get loans. The funding required to buy your house just isn’t there.


YOU ARE NOT ALONE – there are many that could have avoided bankruptcy or foreclosure if they just knew about this simple strategy called mortgage assignment. No, it’s not mortgage assumption, but a method adopted by some of the best real estate attorneys in the country that allows previously qualified buyers to purchase your house.



If this sounds like your situation, I’m more than happy to discuss this with you in complete detail. Email me at jean at lowtech-ventures dot com.



To learn more about this investing strategy Click Here





If You Can't Sell Your House, Think Mortgage Assignment

Lenders are "Stuck on Stupid"



If you’ve tried to sell your house for longer than you like, then it’s time to learn about alternate strategies – and I’m NOT talking about lowering your price.


The financial world is stuck – stuck on stupid some say – so the old way of accomplishing real estate transactions JUST DON’T WORK anymore. However, there are alternative strategies that can get you out of your house so you can move on with your life.
If you have:
  1. a Jumbo Loan

  2. Zero or little equity in your house

  3. had your house on the market for more than 120 days



Then you might want to consider a mortgage assignment strategy.


Here’s why: It’s not a problem with your house, or your real estate agent or the time of the year. It’s because buyers can’t get loans. The funding required to buy your house just isn’t there.


YOU ARE NOT ALONE – there are many that could have avoided bankruptcy or foreclosure if they just knew about this simple strategy called mortgage assignment. No, it’s not mortgage assumption, but a method adopted by some of the best real estate attorneys in the country that allows previously qualified buyers to purchase your house.



If this sounds like your situation, I’m more than happy to discuss this with you in complete detail. Email me at jean at lowtech-ventures dot com.



To learn more about this investing strategy Click Here





If You Can't Sell Your House, Think Mortgage Assignment

Lenders are "Stuck on Stupid"



If you’ve tried to sell your house for longer than you like, then it’s time to learn about alternate strategies – and I’m NOT talking about lowering your price.


The financial world is stuck – stuck on stupid some say – so the old way of accomplishing real estate transactions JUST DON’T WORK anymore. However, there are alternative strategies that can get you out of your house so you can move on with your life.
If you have:
  1. a Jumbo Loan

  2. Zero or little equity in your house

  3. had your house on the market for more than 120 days



Then you might want to consider a mortgage assignment strategy.


Here’s why: It’s not a problem with your house, or your real estate agent or the time of the year. It’s because buyers can’t get loans. The funding required to buy your house just isn’t there.


YOU ARE NOT ALONE – there are many that could have avoided bankruptcy or foreclosure if they just knew about this simple strategy called mortgage assignment. No, it’s not mortgage assumption, but a method adopted by some of the best real estate attorneys in the country that allows previously qualified buyers to purchase your house.



If this sounds like your situation, I’m more than happy to discuss this with you in complete detail. Email me at jean at lowtech-ventures dot com.



To learn more about this investing strategy Click Here





Saturday, January 22, 2011

If You Can't Sell Your House, Think Mortgage Assignment


If you’ve tried to sell your house for longer than you like, then it’s time to learn about alternate strategies – and I’m NOT talking about lowering your price.

The financial world is stuck – stuck on stupid some say – so the old way of accomplishing real estate transactions JUST DON’T WORK anymore.  However, there are alternative strategies that can get you out of your house so you can move on with your life.

If you have:

  1. a Jumbo Loan
  2. Zero or little equity in your house
  3. had your house on the market for more than 120 days

Then you might want to consider a mortgage assignment strategy.

Here’s why:  It’s not a problem with your house, or your real estate agent or the time of the year.  It’s because buyers can’t get loans.  The funding required to buy your house just isn’t there.

YOU ARE NOT ALONE – there are many that could have avoided bankruptcy or foreclosure if they just knew about this simple strategy called mortgage assignment.  No, it’s not mortgage assumption, but a method adopted by some of the best real estate attorneys in the country that allows previously qualified buyers to purchase your house.

Sunday, January 2, 2011

Yes, I Bought a Florida Condo On The Beach for only $14k!

Last summer I bought a tax deed on a Condo-Hotel on the Beach in Daytona Beach.  Frankly I was surprised because normally a bank or other lien-holder will pay the taxes to protect their own interests - at least thats what I was taught in that very expensive tax lien investing program I bought.



There are very few liens that follow a tax deed purchase.  Governmental liens will follow a tax deed purchase. But most others such as mortgages, mechanic's liens, etc are extinguished, which is one reason tax deed investing can be very lucrative.


I am an obsessive researcher.  I researched the public records for these 2 condos coming up for auction in May of 2010.  Both properties had their "typical" mortgage lien and condo association lien - no governmental liens at all.  I verified the tax deed legal statutes in Florida and felt comfortable in knowing this purchase wouldn't be too much of a problem.  The first property was a 1 bedroom - and there was another bidder bringing the price higher than I was comfortable with so I just let it go.  The second one was a studio and WAHOO!  I got it for just under $14,000!  ON THE BEACH IN FLORIDA!


I couldn't believe it!  I was in shock.  I even waited a few days before I called the resort to introduce myself.  I knew I would have to pay condo fees, so I made the necessary introductions.  As it turns out it was on the top floor and classified as a favorable unit to rent out.  At that point I couldn't wait to take the trip out there and check it out for myself.


I wasn't really sure what to do with the property.  If I wanted to resell it, I would have to get a clear marketable title (a tax deed doesn't come with title insurance).  I  hired a law firm to perform what's called a "quiet title action".




Confident with my knowledge of the law, the condo association claimed that there was an arrears on that unit.  I dismissed it as I had faith my attorney would get this all extinguished.  Imagine my surprise when I received a certified letter claiming I owed them not just the previous owners arrears, but penalties, interests, and even a $400 certified mail fee.


Here it is, six months later and I am finally scheduled for a summary judgement hearing in February.  In the mean time, due to Florida law, the condo association is allowed to rent out my unit and collect income to offset the arrears.  I've been paying my monthly condo fee faithfully and hope to one day see some rental income.  The silver lining in this is that it is MY condo, and I and any of my FRIENDS or FAMILY can bribe me to let them stay there for a significant discount (but there is an additional $25 cleanup fee).  


If you are reading this, you are my friend and I will give you a "friends and family" discount on a cute condo right on the beach close to town.  Just comment below.



Are you interest in learning more about tax liens and tax deeds?  Click Here

Yes, I Bought a Florida Condo On The Beach for only $14k!

Last summer I bought a tax deed on a Condo-Hotel on the Beach in Daytona Beach.  Frankly I was surprised because normally a bank or other lien-holder will pay the taxes to protect their own interests - at least thats what I was taught in that very expensive tax lien investing program I bought.



There are very few liens that follow a tax deed purchase.  Governmental liens will follow a tax deed purchase. But most others such as mortgages, mechanic's liens, etc are extinguished, which is one reason tax deed investing can be very lucrative.


I am an obsessive researcher.  I researched the public records for these 2 condos coming up for auction in May of 2010.  Both properties had their "typical" mortgage lien and condo association lien - no governmental liens at all.  I verified the tax deed legal statutes in Florida and felt comfortable in knowing this purchase wouldn't be too much of a problem.  The first property was a 1 bedroom - and there was another bidder bringing the price higher than I was comfortable with so I just let it go.  The second one was a studio and WAHOO!  I got it for just under $14,000!  ON THE BEACH IN FLORIDA!


I couldn't believe it!  I was in shock.  I even waited a few days before I called the resort to introduce myself.  I knew I would have to pay condo fees, so I made the necessary introductions.  As it turns out it was on the top floor and classified as a favorable unit to rent out.  At that point I couldn't wait to take the trip out there and check it out for myself.


I wasn't really sure what to do with the property.  If I wanted to resell it, I would have to get a clear marketable title (a tax deed doesn't come with title insurance).  I  hired a law firm to perform what's called a "quiet title action".




Confident with my knowledge of the law, the condo association claimed that there was an arrears on that unit.  I dismissed it as I had faith my attorney would get this all extinguished.  Imagine my surprise when I received a certified letter claiming I owed them not just the previous owners arrears, but penalties, interests, and even a $400 certified mail fee.


Here it is, six months later and I am finally scheduled for a summary judgement hearing in February.  In the mean time, due to Florida law, the condo association is allowed to rent out my unit and collect income to offset the arrears.  I've been paying my monthly condo fee faithfully and hope to one day see some rental income.  The silver lining in this is that it is MY condo, and I and any of my FRIENDS or FAMILY can bribe me to let them stay there for a significant discount (but there is an additional $25 cleanup fee).  


If you are reading this, you are my friend and I will give you a "friends and family" discount on a cute condo right on the beach close to town.  Just comment below.



Are you interest in learning more about tax liens and tax deeds?  Click Here

Yes, I Bought a Florida Condo On The Beach for only $14k!

Last summer I bought a tax deed on a Condo-Hotel on the Beach in Daytona Beach.  Frankly I was surprised because normally a bank or other lien-holder will pay the taxes to protect their own interests - at least thats what I was taught in that very expensive tax lien investing program I bought.



There are very few liens that follow a tax deed purchase.  Governmental liens will follow a tax deed purchase. But most others such as mortgages, mechanic's liens, etc are extinguished, which is one reason tax deed investing can be very lucrative.


I am an obsessive researcher.  I researched the public records for these 2 condos coming up for auction in May of 2010.  Both properties had their "typical" mortgage lien and condo association lien - no governmental liens at all.  I verified the tax deed legal statutes in Florida and felt comfortable in knowing this purchase wouldn't be too much of a problem.  The first property was a 1 bedroom - and there was another bidder bringing the price higher than I was comfortable with so I just let it go.  The second one was a studio and WAHOO!  I got it for just under $14,000!  ON THE BEACH IN FLORIDA!


I couldn't believe it!  I was in shock.  I even waited a few days before I called the resort to introduce myself.  I knew I would have to pay condo fees, so I made the necessary introductions.  As it turns out it was on the top floor and classified as a favorable unit to rent out.  At that point I couldn't wait to take the trip out there and check it out for myself.


I wasn't really sure what to do with the property.  If I wanted to resell it, I would have to get a clear marketable title (a tax deed doesn't come with title insurance).  I  hired a law firm to perform what's called a "quiet title action".




Confident with my knowledge of the law, the condo association claimed that there was an arrears on that unit.  I dismissed it as I had faith my attorney would get this all extinguished.  Imagine my surprise when I received a certified letter claiming I owed them not just the previous owners arrears, but penalties, interests, and even a $400 certified mail fee.


Here it is, six months later and I am finally scheduled for a summary judgement hearing in February.  In the mean time, due to Florida law, the condo association is allowed to rent out my unit and collect income to offset the arrears.  I've been paying my monthly condo fee faithfully and hope to one day see some rental income.  The silver lining in this is that it is MY condo, and I and any of my FRIENDS or FAMILY can bribe me to let them stay there for a significant discount (but there is an additional $25 cleanup fee).  


If you are reading this, you are my friend and I will give you a "friends and family" discount on a cute condo right on the beach close to town.  Just comment below.



Are you interest in learning more about tax liens and tax deeds?  Click Here