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In This Issue:
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| We have done it again, literally. First of all, the District of Columbia, Maryland, and North Carolina are now on the Default Research map! I am proud to say we are now covering more than 35 percent of the country - not bad in just three short years.
We are expanding and also getting stronger at the same time. Default Research has now teamed up with Transunion, the worldwide leader in real estate data technology. TransUnion promises to help our already superior data by providing even more accurate market values along with more complete data.
What else are we doing? Well, last months short sale issue of "The Homestand" was so popular and drew so much national attention that we decided to continue to explore the hot topic in July.
We already know that a short sale is a chance for a homeowner to avoid the foreclosure process when a lender allows a property to be sold at a loss, and hopefully the lender absorbs the debt on the loan. This month again, we are not going to sell the topic short! So, check out the Frontline Foreclosure teleseminar and also get exclusive access to the Frontline Seminars web site. This is just for our clients and is an excellent opportunity to explore a fantastic educational site.
The way I see it - Default Research and our clients are getting bigger, stronger and smarter. As the summer months roll on, we hope to do that again and again - literally.
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Out In Front With Frontline Seminars
Exclusive for our clients this month, click on www.frontlineseminars.comand have exclusive access to the Frontline teleseminar replays. There is a teleseminar on the hot topic of short sales and also two others for your listening pleasure. Not only that, but for a limited time, our clients also get to explore their full member's area.
To get access into the site, simply enter this information when prompted:
Login: frontline seminars
Password: frontline seminars
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Help Foreclosure Victims Keep Their Home and Buy More Houses
Are you helping homeowners facing foreclosure keep their home? If you aren't, you are missing a great opportunity, and may be walking away from a personally rewarding experience and long-term financial growth.
Homeownership is the "American Dream." How often do you contact pre foreclosures and hear homeowners say, "I want to keep my home"? These homeowners have invested a great amount of their hard earned money into purchasing and maintaining their home. Based on years of research, SaveMeFromForeclosure.com has found that 8 out of 10 homeowners facing foreclosure sincerely want to keep their home. There are many ways you, as an investor, can help them realize that "American Dream"!
First, you can speak to homeowners about the possibility of refinancing. They may need to be educated about the ample time necessary before the foreclosure date, and about the possibility of refinancing using the current equity in their property. They need to know that credit scores are a large part of getting qualified for a loan, and that the more payments they have missed on their mortgages, the more difficult it will be for them to qualify for a loan. They must also understand that they will have to pay, minimally, for an appraisal and a credit report, with no guarantee of the loan closing.
If refinancing isn't an option, loss mitigation services can be offered. It should be explained to the homeowner that this is a negotiation with their existing lender in order to restructure their loan. During this educating process, you should help the homeowner understand the concept of expenses against income and that this can determine whether they can realistically afford to keep their home. Once it is determined that the homeowner can afford to keep their home, you, or a reputable outsourced company, can work to negotiate with their lender on their behalf.
You might talk to the homeowner about finding a bankruptcy attorney who can determine whether filing bankruptcy would allow the homeowner to stay in their home. This should, needless to say, be a last resort as a bankruptcy will be on their permanent financial record. Also remind the homeowner that you are not an attorney and cannot, therefore, give any legal advice.
After all options have been explored with the homeowner, you can assist them in determining which course of action might be most effective in helping them keep their home. Some homeowners may desire to get out of their home quickly to avoid a foreclosure with the least amount of work and risk. For these individuals, selling to an investor may be their best option
The last thing you want to be sure to offer the homeowner is advice on improving their credit as well as assistance in obtaining credit repair services. The main goal of this process is to help the homeowner halt foreclosure, and then assist them in getting back on track financially. Poor credit can and will continue to haunt the pre foreclosure homeowner until they do something proactively to correct the problem. As an investor, you can provide suggestions as to how they might accomplish this.
Dreama Lee
SaveMeFromForeclosure.com, LLC
Ph: 360-306-5933
Toll Free: 1-888-899-1883
E-Mail: dreama@SaveMeFromForeclosure.com
www.SaveMeFromForeclosure.com
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California Foreclosures Increase 20 Percent in Second Quarter of 2007
Mt. Pleasant, PA - The news is mixed for foreclosures in the state of California in the second quarter of 2007, according to Default Research Inc. (www.defaultresearch.com). While Riverside County saw the largest increases in foreclosures at forty-seven percent, Ventura Country saw a decrease in foreclosures of approximately seven percent.
"We expected to see foreclosures rise slowly throughout 2007, so this is a good sign in California," said Serdar Bankaci, President/CEO of Default Research. "It is also reassuring that the foreclosure rate in Los Angeles County, one of the largest in the country, only increased by eleven percent.
The second quarter foreclosure statistics from Default Research, which are some of the most accurate in the business, seem to signal a change from the first quarter of last year when, according to the Mortgage Bankers Association, the number of foreclosures was the highest it had been in more than half a century. The Mortgage Bankers of Association numbers are high, but certainly paint an accurate portrait of the severity of the foreclosure problem in the first quarter of 2007," said Bankaci, whose companies provides foreclosure leads two to three weeks ahead of the competition. "While our numbers seem lower, I know they are accurate because each foreclosure property is counted only once."
Default Research is the national leader in real estate research. More information about Default Research can be found at its Web site: www.defaultresearch.com
Order California Pre Foreclosure Listings Today
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What is the MOST IMPORTANT MOMENT in a real estate investor's life? It is the 30 to 60 minutes you are with a potential seller trying to get them to sell at a 20% to 50% discount to their homes value!
"Imagine Being Able to Consistently Get Seller's To Sell At A 20% to 50% Discount!"
Wonder if this is possible? It is if you are totally prepared and have a well- done professional presentation during that critical moment.
Get More Information
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Pre Foreclosure Data Reporting Company Default Research Announces Expansion
Mt. Pleasant, PA - Add the District of Columbia, Illinois, Maryland and North Carolina to the growing list of states covered by Default Research Inc.
(www.defaultresearch.com), the nation's leading provider of foreclosure data. The significance of this expansion is that families in economic distress in those areas will be helped by the Default Research foreclosure leads.
"Because our foreclosure leads are the freshest and most accurate, our clients are able to take the leads and help these families possibly avoid the foreclosure process," said Serdar Bankaci, President/CEO of Default Research Inc. "Our clients are the first to approach homeowners in distress and,therefore, the first to help them."
Not only is Default Research adding the four new areas, the fastest growing real estate research company in the country is also expanding their preforeclosure coverage in all of their current states. That means Default Research now services about xxx percentage of households in the country.
"I am very proud of the expansion of the company in just three years of existence," said Bankaci, whose foreclosure leads arrive to two three weeks ahead of the competition. "However, as I have said since the company's inception, we will not sacrifice the quality of our foreclosure leads just to grow the business."
What is helping the business grow for Default Research is that their pre foreclosure data is complemented with verified phone numbers, market values provided by one of the most reliable AVM providers in the country, and the ability to search properties using LTV and Equity. Combined with the easy to use interface and the daily e-mail updates available in PDF and Excel formats provided by Default Research, one finds the best provider of pre foreclosure data in the country.
"Our customers are able to convert our up-to-date pre foreclosure leads into profits while helping homeowners in distress," said Bankacihappily. "The resources now available in these new areas will be beneficial for homeowners and clientsinvolved in the foreclosure industry."
Default Research is the national leader in real estate research. More information about Default Research can be found at their website:
www.defaultresearch.com
Order Pre Foreclosure Listings Today
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A FEW GOOD ADVERTISEMENTS!
You want to reach our strong, well educated clients - then you have come to the right place! Default Research is beginning to offer advertising in, "The Homestand." Not just any business though can participate - Default Research is looking for other companies that will improve our clients and help them excel in the foreclosure industry.
If you are interested, please contact Josh Chenikoff via email at
joshc@defaultresearch.com |
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