REI Marketing Tips

I just finished watching a fantastic documentary, called In Debt We Trust.
It’s about the debt problem in the United States today.

I’m primarily a PreForeclosure Investor, so I found it absolutely fascinating.  I strongly urge everyone on this board, especially if you work in the PreForeclosure arena, to check out this film ASAP.

I saw it on LINK TV, which is on Directv channel 375 or Dish network channel 9410.  I believe that it’s still playing in some theaters, and obviously you can rent the DVD as well.

To me, the most interesting part of the film was about how basically the big creditors in America are making absolutely obscene profits.  It then showed what some “lenders”, namely check cashing places and car title loan operations are making on their loans: some the APRs worked out to annual rate of over 300%.

THAT IS NOT A TYPO.

It’s a shame that big business in America is really taking advantage of the uneducated folks in this country.  I especially find it funny when people think that PreForeclosure investors such as myself are taking advantage of people.  It couldn’t be further from the truth.  In fact, often times we are helping homeowners get out of the terrible loans that corporate America put them in.

Many of these mortgages were underwritten to set these homeowners up for failure.  It’s time that people started educating themselves about the credit process.  Let’s face it, when I went to school, no one educated me about personal finance: how paying bills late killed your credit score, or how important your credit score actually is.

I encourage everyone to see this film.  I’m also looking into how we can help our clients by providing them with an outlet to view the movie.

That’s all for tonight.  But if you’re investing in PreForeclosures, please do yourself a favor and watch this movie as soon as you can.  You’ll be glad you did, and you’ll be able to speak more intelligently, and more passionately, to your prospective clients.

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