Thread: Stop Foreclosures Now.

Hello,

How are you going to stop foreclosures? What do you or your company have to offer? Nice to see companies helping out this HUGE problem we currently face.

Finally, someone who is willing to help!

What's your formula?

They buy at 50% of FMV...easy answer...
Try for yourself as I did.
I saw a "We buy houses" sign and I called.
"I'm behind, I need to sell, can you help"
"Oh yes, what's the address?"
"123 sw 456 av, mycity, FL 33333"
"Let me get back to you tomorrow"
one day later:
"I can go up to $178,540. It's a good offer and I can close in 10 days"
I got my answer.
I sold my property in 2 days at $309,000 with an asking of $309,900 one week later!!!

Well if they can stop foreclosures today, then they will be rich very quickly! I don't think the foreclosure problem willl be stopping anytime soon.

BTW, I can help also.
Offer on the spot, without to see the property.
Even better. My offer right now, right here:
25% of appraisal value.
Save your credit today and sell it to me...

I lost my job and had a jumbo loan. In GA, 3 months is all you get. I read the Foreclosure Survival Guide and got mortgage assistance and executed a short sale successfully. I know you probably have clients who may need this info so I want to share the site.

Search for Foreclosure Friendly

I believe companies can help but I got approached by so many people, investors, companies that I needed to learn for myself before I got screwed. I'm glad I did.

Originally Posted by Codythebest

They buy at 50% of FMV...easy answer...
Try for yourself as I did.
I saw a "We buy houses" sign and I called.
"I'm behind, I need to sell, can you help"
"Oh yes, what's the address?"
"123 sw 456 av, mycity, FL 33333"
"Let me get back to you tomorrow"
one day later:
"I can go up to $178,540. It's a good offer and I can close in 10 days"
I got my answer.
I sold my property in 2 days at $309,000 with an asking of $309,900 one week later!!!

That's awesome Cody!

However, the numbers don't add up! Meaning, he said that he would go up to $178,540 but yet you sold your property for $309.00 -- one week later no less!

So, did you sell it to that "buyer" or did you sell it to someone else? If so, how?

Inquiring minds wanna know!

Originally Posted by Executive Home Buyer

That's awesome Cody!

However, the numbers don't add up! Meaning, he said that he would go up to $178,540 but yet you sold your property for $309.00 -- one week later no less!

So, did you sell it to that "buyer" or did you sell it to someone else? If so, how?

Inquiring minds wanna know!

I knew the value of that property. And I wasn't in forclosure. I just wanted to know how they "buy houses". So I called and pretended I was behind payment and needed to sell.
I knew the property value was about $300K...I just wanted to see their offer...And I was very, very, very low...

So, here is the deal. You see a property for sale, no need to be in foreclosure, but it can be. You do you homework. You get some comps and a FMV for it. Than you make an offer at 50% of value...
You may get one YES for 100 NO...I believe this is how they do business...