You’ll then have a $380,000 mortgage on a $360,000 home. You’ve lost your entire $20,000 down payment- and you’re another $20,000 in a hole!

JUST LIKE THAT… you’ve lost $40,000. And at this point… you probably cannot afford to move out… since you’d want to recover your $20,000 down payment before saving up for another down payment. And even if you did decide to sell… you cannot forget about the 5% to 7% Realtor’s sales commission.

Just a 6% commission would equal another $21,600 you have to shell-out! Now you’re $61,600 in the hole… from a simple 10% slide in home values!

And I’m not being “hypothetical” here… this situation is happening to homeowners all over the country and it’s only going to get worse! 

That’s Why Foreclosure Rates Are Soaring Right Now.

Many homeowners are one to two paychecks (or the loss of a job) away from defaulting on their mortgage payments.

And when they’ve put just 5% to 10% down on their property… they cannot even afford to sell.  And if you think it’s bad now… just wait until Interest Rates rise to 8% by the end of 2006!

That’s when many experts predict home prices to PLUNGE deeper than 10%!

When This Happens…You’re Either Going To Profit Or Perish.  I’m Going To PROFIT Like Never Before.

Here’s Why...

Hello, my name is is Lou Vukas.  I’ve been around a long time... yet I seem to be a mystery man to most people. That’s because for over 5 years I’ve been the “secret weapon” behind the scenes of some of the hottest action in the real estate industry.

 Until recently, I purposely avoided the spotlight and all publicity... despite being one of the world’s highest-paid (and most respected) real estate experts in field.  I've also published several best-seller courses on real estate investing and have trained hundreds of new investors secret techniques I use to pull fortunes out of the real estate market.  Just click here to read what my clients have to say about me.

But unlike most "real estate experts" I actually invest in real estate myself, not just tell people about it.  I’ve personally  bought and sold over $80,000,000 worth of real estate in the past 8 months... earning myself a fortune!

I also have close relationships with the “powers that be” in the real estate industry… bigger players than anyone even Trump knows.  These relationships give me an almost “unfair advantage over all other real estate investors.

My ‘psychic-like” ability to forecast where the market is going is what permits me to gather millions of dollars with as great of ease as a child fills a bucket with sand when playing at the beach.

Here’s what I mean:

One of my close “relationships” is with a man who is a big shot in the billion-dollar national mortgage lending industry. Using years of historical date from BankRate.com and a sophisticated computer-forecasting model… he extrapolated the future of interest rates over the next three years…

The results of his study found interest rates will probably hit 8% by Decemember 2006.  And that’s a very BAD thing for the housing market… here’s why: 

Greg McBride, a CFA at BankRate.com says…

“Most economists and housing experts repeatedly cite 8% as the TIPPING POINT, one that could trigger a widespread DROP in home prices.” 

It’s simple to understand- when interest rates go up… as they are now… buying power falls. And lowered buying power leads directly to falling housing prices. The Bottom-Line: All those people who bought homes with 16% DOWN or less are in trouble… BIG TROUBLE!

You see… if the average realtor’s commission is 6% and if housing prices drop 10%… this 16% loss far exceeds the homeowner’s down payment. Heaven forbid these homeowners have the slightest “hiccup” in their earnings… and cannot afford their mortgage payment… their ONLY WAY OUT is to…

FORECLOSE!

 And what about all those poor families that

have adjustable rate mortgages (ARMs)?

They’re probably screwed the worst!

People with adjustable rate mortgages don’t even have to have money problems to lose their homes.  They’ll get pummeled when their monthly mortgage rate “adjusts” as ARMs do.

When rates soar… their payment’s are instantly going to go up… AUTOMATICALLY. And when we’re talking rates going up one to two points… their payments are going to skyrocket $500, $750 and more! They can no longer afford their homes… and they have to sell.

But they cannot sell because their home’s value has also dropped.  It’s a catch-22 no matter how you look at it.

But, if you’d like to make a GREAT LIVING… helping these unfortunate families get out of their “upside down” properties--- avoiding foreclosure… you’re going to want to pay attention to the rest of this letter! Here’s why:

Before I explain HOW you can earn a deep 6-figure… low 7-figure income HELPING families… let me tell you this:

I don’t care if you’re a 20+ year real estate investor… or if you’re brand-new to real estate and you’re GREENER THAN GRASS… as long as you follow my step-by-step process… you can do this with ease. Just follow my lead. Here’s what I’m talking about: 

For starters… we’re NOT talking anything about foreclosures. Heavens no.

Short-Selling is pre-foreclosure. We’re getting distressed homes… way before the foreclosure vultures are all over them.  Actually, my system “out smarts” all those real estate guys fighting for foreclosures at the court steps. That’s a slimy way to make money in my opinion.

You see… there are two different types of distressed property “lists” you can get from your local courthouse. There’s the foreclosure list… and that is NOT the list we want. And then there’s the PRE-FORECLOSURE LIST. That’s the list we want.

These Pre-Foreclosed properties are usually still occupied by their stressed-out owners… scrambling to figure a way to keep their homes. Basically- if they cannot pull themselves out of the “hole,” and I mean quickly pull themselves out… they’re basically waiting for the courts to kick them out.

I’ll show you how to get this PRE-FORECLOSURE list… contact these stressed-out homeowners… and help them get out of their home- without foreclosing (a foreclosure ruins their chance of getting another home), and maybe even putting a few dollars in their pocket to boot! Best of all you can do 99% of your research right online...you never have to leave your house!

 Oh… and by the way… you can make tens of thousands if not hundreds of thousands on each property! I’ll get to that in a few minutes! I’m going to show you how to focus ONLY on “upside down” properties… Properties that owe more than they’re worth… like the $400,000 home we spoke of earlier in this letter.

When you talk to the homeowner and tell him you can get him out of this home without foreclosing… allowing him the chance of getting a more affordable home for him and his family… he’ll think you’re a godsend.

Remember… he’s going into foreclosure because he is unable to sell his home, as it would cost him money he doesn’t have.  So… the homeowner signs a simple sheet of paper that gives you “control” over the property- so you can get in contact with his mortgage company.

Let's say the home was purchased for $300,000… and $285,000 of it was mortgaged. With housing prices cooling off as they are… this home drops 10% in value and is now worth $270,000.

The bank KNOWS its now worth LESS than they loaned the homeowner. If the home goes into foreclosure… the bank will be lucky to recover $220,000 of their money- many months down the road. But what you’re going to do is RENEGOTIATE the outstanding $285,000 mortgage- to a figure much, much less.

The bank KNOWS $235,000 is MORE MONEY than the $220,000 they’d recover months down the road after foreclosure. And when they eventually resell the property… since your offer is better, the bank takes your $235,000 offer.

And not only do they take the offer… but they’ll “call off the dogs” and give you some time to get the homeowner out of the property… and a few weeks for you to sell it.

The difference of the home’s selling price ($270,000) and the new LOWER $235,000 mortgage payoff… is YOURS to keep as PROFIT! That’s $35,000 for this simple short-sell. And you’ve made everyone happy as well!

The Homeowner is HAPPY…

Where the homeowner would have spent over $16,000 just in Realtor’s fees selling his home- you got him out of the property- without paying a Realtor… without shelling out tens of thousands of dollars… and especially without foreclosing. Heck… if you discount this mortgage low enough… you can even give the homeowner some cash… to cover moving expenses… etc. It’s entirely up to you and how you structure the deal.

The Bank is HAPPY…

They knew they were headed for foreclosure. They also knew it’d cost them more money to foreclose than to simply “settle” with you for a deep discount. They’d lose $32,000 just foreclosing… and when you count all the other fees… and losses… they’d be looking at sometimes one hundred thousand dollars and more. It’s far easier to simply have you take this problem off their hands!

            With just a few phone calls and a few week’s time… you’ve made $35,000 out of thin air! Many short-sellers make $100,000 and more on one single deal! Money aside… do you know what feels the best? The feeling of helping an unfortunate family get into another (more affordable) property… where if they foreclosed- that would not be a reality as no bank would ever lend them money for a long time.

Maybe this family had little boys or little girls who can look forward to getting a new room. I’ll tell you firsthand… you’re doing good work for people. And it feels unlike anything else you’ve ever done in life. Way more fulfilling than buying foreclosures or rehabbing run-down dumps.

I can tell you from experience… HELL YES! One of my close friends is DEEP in the mortgage industry… and he is the one who first told me about “short selling.” You see… the mortgage companies are forced to short-sell… after all… if they didn’t… they’d recover much less after they foreclose… and they’d also have to then take the house back… and banks are not in the “landlord” business. Owning properties is the last thing they want to do.

“It’s cheaper for us to settle… than it is for us to foreclose”, he says.

Even if you have 20+ years of real estate experience… once you discover how nice, easy and fulfilling it is to make money short-selling… you’ll never touch another rehab deal… lease option deal… tax lien deal… or any other type of real estate investment- other than short-selling. I promise you this. This is just too easy… and there’s NO COMPETITION!

And with the market cooling the way is now is… opportunities to short-sell are actually INCREASING!  The worse the real estate market gets… the better it is for you!

And you’re not profiting from someone else’s downfall. YOU’RE HELPING THEM! There’s not too many opportunities in life to make money while making everyone’s situation BETTER!

• You’ll Discover… the EXACT PERCENTAGE mortgage companies will discount a loan for! Remember… I have “inside” knowledge. I know exactly how much the bank stands to lose on a certain deal.

• You’ll Discover… how to cherry-pick the best deals- so you can put the MOST money in your pocket the quickest even if you have bad credit and no money!

• You’ll Discover… how to create cash equity out of THIN AIR! Other real estate professionals will be left scratching their heads wondering what the heck you are doing. While they see nothing… you’ll see $50,000 and more!

• You’ll Discover… the “system” mortgage companies use to discount… so you’ll KNOW if you’re getting the lowest possible discount rate… or if they’re pulling your leg.

• You’ll Discover… how to SELL multiple properties in one month… 4… 5… even 6 properties without paying a single dollar in commissions! This secret alone is worth $100,000!

• You’ll Discover… how to sell homes quickly… for the most money… so you can finance the purchase of the home with the new buyer’s money!

… and so much more… you’ll become a  pro in just a weekend’s time!

I know there’s a few things I was not able to cover in this letter… but I can assure you… everything you need to make BIG money short-selling will be covered in my home study course titled…

My course consists of a thick, easy-to-read manual describing this secret process in crystal-clear detail... so easy a 5 year old could understand it.  Plus I take it a step further and send you a13-page plan of action that tells you what to do day by day, so you are never left guessing.  You’ll find it not only informative… but also INTOXICATING! After all… this is probably an entirely new and different way to get rich in real estate… even if the market crashes!

And housing prices will continue to fall as interest rates rise. I’m not making this stuff up… or speculating in any way.

Here’s what the experts are saying about rising interest rates…

A handful of seasoned investors as well as some newbies to real estate who are in the “know” are quietly getting rich… profiting from the slowing real estate market…

Still unsure if you can do this? I can only think of seven reasons you may still be “on the fence” in regards to short-selling. I’ve raised and addressed them as best as I could below… 

Are these deals hard to locate?

Absolutely not. You’ll discover two places to locate more homes than you can handle. In fact… you may want to have your spouse help you, so you can handle twice the amount of deals you could handle alone. The one place to find these homes is obviously the courthouse’s “pre-foreclosure” list… and the other place will be revealed in my Short-Sell Secrets course.

 

Are homeowners really going to give me control of their home for free?  This sounds absurd!

Sure it sounds crazy… but remember… what are the homeowner’s other options other than to foreclose? Remember… we’re not talking about homeowners who are simply a month or two behind on their payments… we’re talking about people who are just a few steps away from getting thrown into the street with nothing more than the clothes on their back!

 

You’re the one doing them the favor! And also keep in mind… when the bank forecloses and sells their property… the bank will be suing them in a few months for the ENTIRE mortgage amount- which with falling home values will be IMPOSSIBLE for the bank to recover.

 

The homeowner is not only getting thrown out of his home… but he is in no way walking away Scott-free… there will be consequences in the coming months totaling tens of thousands if not HUNDREDS of thousands of dollars. Trust me… homeowners will be more than eager to work with you HELPING them.

 

Do I need lots of money to “buy” these short-sold properties?

Absolutely not. MY system shows you how to take control of these properties and actually sell them. The new buyer’s money will finance your purchase. This is called “Simultaneous Close” and I’ll show you how to do them in your sleep.

 

What if a property has a second mortgage on it as well as a first?

Second mortgages get discounted even more than first mortgages. If a property has two mortgages… its really no more work than simply another bank to call.

 

I don’t have a clue as to how I can actually do this. I’m not confident I can pull these deals off- I’m not a strong negotiator or a salesperson.

Look… banks KNOW they’ll lose a certain percentage if they foreclose on a property… and then they’ll have to worry about selling it. Banks are not in the business of owning properties. I’ll tell you how much the bank stands to lose… and when you know this figure… you can tell them how much you want as a payoff.

 

You’ll be speaking to people in the bank’s Loss Mitigation Department… all they do is discount mortgages. You’ll do great… and if you can’t get the discount you need to make any real money… all you have to do is say, “Thank you, but no thank you” to the bank and call on another property.