REI Marketing Tips

FOR IMMEDIATE RELEASE

Contact: 
Penny Fletcher
REIMarketingTips.com
Ph: 360-306-5933
E-Mail: tips@REIMarketingTips.com
http://www.REIMarketingtips.com/

REI Marketing Tips Releases Motivated Seller Leads for Free to Real Estate Investors

Blaine, WA, August 22, 2006 — Today REIMarketingtips.com unveiled it’s new website, http://www.motivatedsellerleadsforfree.com/ that will deliver motivated seller leads to real estate investor’s e-mail inboxes for free.  The new system will allow real estate investors to sign-up for this service on line and immediately get motivated seller leads in the state or states of their choosing.

            REIMarketingTips.com finds motivated seller leads online through its website, http://www.SaveMeFromForeclosure.com.  This website is geared toward homeowners who are facing or may face foreclosure.  The website provides multiple solutions and advice to helping the homeowner avoid foreclosure.  When a homeowner visits this site they can either choose to “Keep their Home� or “Sell their Home.�  Once the homeowner decides what option best suits his or her needs then SaveMeFromForeclosure.com tries to find investors specializing in buying foreclosures across the U.S. to help the homeowner. 

            As foreclosures rise across the country SaveMeFromForeclosure.com has found they have more homeowners needing help than they have people to help them.  Through their online real estate marketing they have been able to corner the market in preforeclosure marketing.  Because of their success they have decided to open up their foreclosure leads for free to other real estate investors across the country that may be able to help these homeowners.

 

“This unheard of practice will not only help real estate investors throughout the United States, but more importantly, also help the hundreds of thousands of homeowners who are facing foreclosure, stop foreclosure on their home.  By matching up these homeowners who just want to sell their homes with investors looking to buy them, we are creating win-win-win situations: homeowners get out of foreclosure, investors can buy more properties, and lenders can avoid the costly and expensive foreclosure process, and liquidate these non-performing assets,â€? said Justin Lee, CEO of SaveMeFromForeclosure.com.  He continued, “We get a ton of leads every day, and there’s no possible way that we can buy every home or assist every homeowner.  We want to make sure every homeowner is helped so that they can avoid foreclosure and get a fresh start.â€?

            While most lead generating websites and businesses charge anywhere from $10 to $50 per lead, REIMarketingtips.com, thru it’s new website, http://www.motivatedsellerleadsforfree.com/ is giving away leads for free.  This new website has changed the landscape of creative real estate marketing and will change the way real estate investors do business.  By providing free leads to real estate investors across the country REIMarektingtips.com will be helping many homeowners facing foreclosure. 

For additional information or a sample copy, Contact:

Penny Fletcher
REIMarketingtips.com
1685 H. ST., #679
Blaine, WA 98230
Ph: 360-306-5933
E-Mail: tips@REIMarketingTips.com
http://www.REIMarketingTips.com/
http://www.bestforeclosuresystem.com/

http:///www.REIMarketingTips.com is owned and operated by http://www.savemefromforeclosure.com/ a foreclosure prevention services company based in the Pacific Northwest.  The website was created to help other real estate investors find and utilize real estate investing products, services and information to improve and grow their business.  In addition, REIMarketingTips.com gathers and publishes information on real estate investing marketing, foreclosure list providers, local and federal real estate resources and recent real estate investing and preforeclosure marketing news.

To sign up for our Real Estate Investing Marketing tips please click here.

 

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That’s the number one question that I’ve been asked since I posted in my blog yesterday about a revolutionary new marketing service that we’ll be releasing very soon. I’ve been besieged by emails with people begging me to give them a hint.

Without letting the cat out of the bag, here’s a hint. Actually, it’s not a hint, but rather a testimonial. This should give you an idea of how valuable this service is that we’ll be giving away. FOR FREE.

“The first lead I ever got from this service resulted in a deal that we picked up for NO money down and had OVER $60,000 in equity! The seller just deeded the property over to us, and it was in immaculate condition. If you haven’t signed up yet and aren’t getting these leads you’re missing out on a great marketing tool for your investing business. I wholeheartedly endorse this service, it’s been phenomenal.”

-Will Lansing, Real Estate Investor, HML, & Mentor, Profitable Partnerships (Washington, DC)

Do I have your attention now? <smile>
I want you check back here, at our blog, tomorrow morning, and see what exactly it is that we’re going to release. If you’re already subscribed to our list, at www.BestForeclosureSystem.com you’ll get an email from me as well. For those of you not on our list of FREE preforeclosure marketing tips, you can always visit www.BestForeclosureSystem.com and subscribe.

Finall, here’s one real hint. I encourage you to tell ALL of your friends, colleagues, business partners, mentors, students and associates about this service. HOWEVER, if they work in the same market as you, you might want to see what the service is first, before you tell them about it. I won’t hold it against you if you don’t want to share this incredible new service with your local competition. Heck, I sure wouldn’t…

But if they’re out of state, go ahead, be nice, and share the wealth.

Until tomorrow,

Happy Investing,

Justin Lee
www.REIMarketingTips.com

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Stay tuned, because in the very near future, www.REIMarketingTips.com is going to announce revolutionary new FREE service that is going to turn the Real Estate Investing community on its head.

When this new FREE service is announced, you won’t believe what it is.  You’ll want to be playing close attention, because we’ve been testing the service, and we’re confident that we have all of the bugs worked out.

This service won’t cost you a penny, will be delivered to you via email, and is going to help you close more deals, put more cash in your pocket, and help you talk to more motivated sellers than ever before.

That’s all I can say right now.  I don’t want to let the cat out of the bag.

However, suffice it to say, that when www.REIMarketingTips.com releases this UNPRECEDENTED new service, you’re going to want to make sure you’re aboard, because it won’t be available forever.

That’s all for now.  Check back to our blog often to find out what it is.

Better yet, register with our blog, and get notified every time a new post goes up.

Sincerely,

Justin Lee
www.REIMarketingTips.com

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By now, I’m sure that most of you have heard about what’s going on with Countrywide, the country’s largest originator of home mortgages. On Thursday Countrywide announced that it had to tap into ALL of an $11.5 billion line of credit.

I was shocked when I heard it myself, and called the Hany Omar, President of Capital Mortgage Group, whom I used to work for many years ago, to find out how bad it really was.

Hany, a mortgage expert for over 10 years, informed me that the past 2-3 weeks have been unlike anything he’s ever seen in the mortgage industry. This was confirmed to me when a few hours after our conversation this morning, he sent me an email stating that “…Countrywide just cancelled all 2nd mortgage biz….”

I couldn’t believe it, so I went Countrywide’s homepage and clicked on the home equity link. The page was still up, so I called the number: 1-866-227-4114

Not very promising for Countrywide.

What does this mean for you, as an investor? Stay tuned, I’ll be writing another post on that tomorrow.

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Lately, through my preforeclosure marketing efforts, I’ve come across a lot of short sales.  A lot.  While I’m sure most of you have heard a ton about short sales, and how profitable they are, and can be, I’d like to take a more “real world” look at shorts sales, and what I see going on in the foreclosure marketplace today.

I believe that there is still plenty of money to be made in foreclosures and short sales but in today’s environment, with the subprime meltdown, a successful investor needs to find retail buyers who are what I call “cash rich, credit poor”.

These tenant buyers can make things a real windfall for your foreclosure business, if you have a nice buyers list and people looking for homes.

As far as the preforeclosure and short sale market goes right now, I see a huge game of chicken being played between lenders and investors. To wit:

Ivan Investor finds property about to go into foreclosure. Makes short sale offer to the bank. Ivan knows that his market is a slow one, makes very low offer to the lender.

Lender hires BPO agent to get a “value” on this property. BPO agent, thinking that he’ll get the REO listing, makes value higher than what most sellers will pay for it, going off comps that won’t work in Ivan’s slow market.  The BPO agent is thinking that if the value is high, the lender will reject Ivan’s low offer, and opt to list the property with him after taking it back after the auction.  The lender, who is out of state, is making his decision based largely on the BPO number that is coming back to him.

Lender looks at BPO, tells Ivan “your offer is way too low, we’ll foreclosure, take our chances, and sell REO“.

REO agent now sits on a property that is NEVER going to sell at that value, but he doesn’t really care, since he gets a listing and it’s more exposure for him to grow his own business.

What happens?  Well the property sits and doesn’t sell.  The lender’s cost begin to mount: taxes, insurance, maintenance, upkeep, heating and cooling in summer and winter.  Not mention, it’s a non-performing asset that is still on the books.  A bad loan that is just getting worse.

I firmly believe that after about 12-18 more months of this, and lenders having a TON of REO properties on their books, they’re going to start giving away amazing short sale discounts.

For now, however, as an investor, you must stay patient on those short sales, because you might just be better off buying the property back REO!

To any BPO agents out there: I’m not trying to make you guys out to be bad, but unfortunately, just like any other business, a few bad apples are spoiling the bunch.  BPO agents need to realistically look at what the property is going to sell for given the CURRENT market conditions, not try to get the highest number possible, like many of the over aggressive appraisers that got this market where it is today with outrageous refinance appraisals 2-3 years ago.

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