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The Fundamentals of Buying
Foreclosure Homes in Orange County
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| No Hype - No Books or Tapes - Just a Nuts and Bolts "How to" Workshop |
| Hosted by Investors Mortgage |
Topics Include:
- Understanding the Current Foreclosure Market
Because of the limited supply of housing, Orange County is a unique market onto itself.
- Dispelling the Myths of the Foreclosure Process
"Homeowners are anxious to sell but they won't settle for just any low-ball offers."
- Setting Attainable Goals
"Plan on buying 2 or 3 foreclosure homes for profit, before you buy for your own lifestyle."
- Preparing for the Process...
"It's not complicated if you are organized, patient and methodical" The Orange County market is not "Kansas", so throw out your Get Rich Quick books and prepare to learn this process.
- Who are the players and what they do
Click on the link to view the steps of the process from start to finish
- Show 'Them' (Sellers) the Money!
Pre-qual letters are worthless. If your loan is not underwriter-approved, you're wasting your own time - and everyone else's.
- The Foreclosure Timeline
"Timing is everything; don't waste time chasing after properties that won't be sold"
- Locating the Foreclosure Property
"Getting to the distressed owner FIRST is what counts the most."
- Contacting the distressed seller
If you're not prepared to knock on the door then you will need an agent who is a buyer's broker.
- Appraising the property "as is" and in its renovated condition
"All foreclosure properties will need (some degree of) fixing or improving."
- Negotiating with the sellers
"You're dealing with desperate sellers you can't act arrogant or behave like a vulture."
- Controlling the transaction - Start to Finish
"Turning a profit, costs and setting performance deadlines is the key to closing escrow."
- Writing the Purchase Contract
You don't have to be the highest priced offer, just the most flexible terms.
- Pros and Cons of Using a Buyers Brokers
"Buying and selling foreclosure is not rocket science, but agents do provide a service that often is worth paying for."
- Maximize the profits from Avoiding Real Tax Liabilities
"It's not what you make - it's what you keep."
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COST: $50
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**FREE ADMISSION FOR CLIENTS
WHO HAVE COMPLETED THE
UNDERWRITER PROCESS** |
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For Reservations: Call 949 250-3981. Our office staff will return your call and confirm a reservation. Confirmed reservations are required. No exceptions. There are no "door registrations."
WORKSHOP DATES 2009
Dates in To Be Determined
Location to be announced
CONFIRMED RESERVATIONS REQUIRED
NO "DOOR" REGISTRATIONS ALLOWED
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