Opportunity Won’t Knock Twice: Why Today is The Day to Get Rich with Foreclosures

Posted by Michael Sexton on 3/19/2007 at 10:02 AM
Posted in Real Estate

What is really about to happen with mortgage foreclosures in the months ahead? I have been reading some pretty sobering news in many places over the last week.

An article on Reuters last week, “Top Investor Sees U.S. Property Crash,” reports on Jim Rogers, a top commodities investor. Rogers is predicting that property prices in some areas of the U.S. will fall between 40 and 50 percent when the foreclosure bubble bursts. He’s selling his mansion and moving to Asia. It’s very strong stuff. To read the article, click here.
Another article in the Wall Street Journal, “Green Thumb: Bulletproofing Your Mortgage,” helps mortgage-holders assess whether their own loans are in danger. To read an article summary, click here. (Note that the Wall Street Journal will charge you $4.95 to download and read the entire article.)
To put a human face on the foreclosure story, let me direct you to “Family Struggles to Sell before Foreclosure,” an article in The Olympian, a Washington newspaper. Click here to read the article, which tells the story of a family that has been unable to keep up with high monthly mortgage payments.

We are not alarmists at Trump University. We develop strategies that help our students take wise steps to prepare for future events, protect themselves from harm - and if possible, turn negative circumstances into profit-making opportunities.

We feel that the coming months will represent one such opportunity, as growing numbers of foreclosed properties become available to astute buyers. But to profit from the trend, you need some focused skills. I would urge you to learn more about our new Real Estate Foreclosure Coaching Program, taught by Jay Gottlieb. Click here to find out how.

Michael Sexton is President of Trump University.

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15 Comments Post a comment

Posted by member1505482 on 03/20/2007 4:54 AM

Not wet feet only not well read enough to jump into sales!
Member # 1505482

Posted by Richard_G on 03/20/2007 9:07 AM

If you look closely at the housing and stock market conditions it is very apparent that the bubble so to say is on the verge of correction, to what extent is yet to be seen. From the three potential perspectives of personalities; optimist, pessimist, and realist you will of course get completely different viewpoints about what is to come in months ahead. The optimist will stand firm that there is no such "bubble" and only a small correction may occur, while the pessimist will pronounce that everything is about to completely collapse and sit on the sidelines. A realist will understand that no matter the conditions, economy in a basic historical sense always leaps ahead of itself over a period of time and eventually reaches a point where there is no place left to go except a correction phase. While the pessimist will lose almost everything standing firm on the ground that the economy will never drop, and the pessimist will never gain anything with the attitude that the conditions will never stop dropping, the realist will analyze closely conditions and be ready for profiting on both the decline and return phase of a market correction. Using an informed strategy based on facts rather than market hype or personal "gut feelings" is difficult but by far the most advantageous method of returning huge profit potential.

Sincerely

Richard F. Guyon

CEO NEXRUN Technologies Inc.
http://www.nexruntechnologies.com

CTO / SEO Strategic Investment Advisor
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Posted by user24047 on 03/20/2007 5:42 PM

Very blunt article, and there is probably much truth in it. The real danger is when people finance their personal belongings through their house mortgage. Here in Iceland the price per sq-foot has been rising a lot for the last ten years and banks have opened the door for house mortgages up to 90%, giving people the possibility to buy that Porsche Cheyenne with a 40 year mortgage loan. Those people are the first to suffer when the price of their house drops under the mortgage loan.
Another thing is that in a rising market most every contractor/developer starts to build houses and now, after many years of a rising market, there is a big possibility of an over developed market.
But as the article states when one suffers the other gains. Life is all about using the right tools at the right time, now the time will be right to wait a little and buy cheap and let time work with you.
Ingólfur
Iceland

Posted by u250144 on 03/20/2007 5:42 PM

The information presented is immediately inspirational. I plan to look into the program today!

Posted by member1423298 on 03/20/2007 5:50 PM

Mr. Trump,

Check out the article at:
http://www.cleveland.com/plaindealer/stories/index.ssf?/base/cuyahoga...

which talks about (on page 2) the city of Youngstown OH recently tearing down 500 houses on toward their goal of 3000; the city has given up on regaining its lost population.

I personally have a different view of real estate: There is a huge glut of housing after years of building millions of units. I'm starting to value a home at [(monthly rent)*(number of months I intend to live there)]-(taxes and maintenance).

Any thoughts?

Rich

Posted by member1193888 on 03/20/2007 6:27 PM

Hi,

After almost a year of taking classes, reading, attending seminars and learning about, last month I bought my first property at a court auction. I am very furtunate that things are working out well, but there are so many things that I did not know about, which would have made the closing process easier.

My advice to you all is to go for it, but do it with caution and make sure that you do as much research as you can about the properties you are interested in and the neighborhood as well.

Get in touch with me if you think I can be of any help. Thank you Mr. Trump for helping me to get motivated and getting the courage to do this.

Victor Cubias

Posted by member1460692 on 03/20/2007 8:39 PM

There are common opportunities in life that come around daily, weekly, monthly and yearly. Yet there are those rare moments when one can truly change the destiny of their lives and others. This is that time!!!
With the onslaught of Sub-Prime lenders no longer being able to provide No Doc 100% loans. Individuals who have purchased within the last few years and have none or little equity will be forced to sell their properties. Our company: www.OurMoneyForYourHome.com has seen a 1000% increase in reqest to purchase such properties. We see this as ample time to provide life style opportunities for us, yet more importantly to our clients. We know that there is a tremendous amount of money to be made in these deals, yet we as American entrepreneurs know, that we must teach our clients how to be financially prudent, so we can keep America's families and economy strong. This is the reason why Mr. Trump has provided us with his knowledge and created this University. So I encourage you to grab this opportunity to build your financial Ark, yet remember to bring two along with you. We would be glad to discuss this matter more, so please visit us at
www.OurMoneyForYourHome.com

God Bless America

Posted by member1185329 on 03/20/2007 8:56 PM

As a Loss Mitigation Specialist the number one reason people are losing their homes is they fall in love to fast with property and forget they are investors. The same skill and tactics they used to acquire the property they do not learn about exit strategy. Also they usually price their homes to high to beat a foreclosure and realtors unless they have exceptional knowledge on short sales and relationships with banks won't touch them. Another reason there is going to be great deal of foreclosures is because take out loans claiming to be their residence and it doesn't. When the bank is making offers to avoid foreclosure they usually miss the opportunity because they acquired the property under false statements.

Posted by member1366320 on 03/20/2007 10:03 PM

Well I think the person getting foreclosed should be the one getting richer,
Why? When then bought the property it was appraised by the bank and the bank loaned them money on the value at that time and their credit at the time.
Being foreclosed is a bad word, it should be the same way when time changes the value where the owners don't have any control due to oil crises, Iraq and stock market then the mortgage should be reduced to the value at that time.Value is always dictated by the demand and most of all the timing.
The banks should not want a non-performing loan on their books and if they foreclose they will most definitely have a lose on the mortgage even if they get a deficiency judgment on the borrower. Most cases they will not collect.
All in all the banks should let go and not move to foreclose but to work with the borrower- owner and reduce the loan so we all get richer………

Posted by Patrick MVREI on 03/20/2007 10:06 PM

Living in one of the highest foreclosure areas (Salt Lake City, UT), I agree 100% that there are great opportunities in that type of market. While it's not good to "prey" on the misfortunes of others, there are still ways that we as investors (and consultants) can help those who are struggling. Speaking from experience, I enjoy helping them by utilizing the skills that I've obtained as an investor and mortgage consultant.

Posted by member1460692 on 03/21/2007 7:48 AM

This is a rare opportunity, seize it with all you have, but remember to see the whole picture. ( Families, Economy & Your mindset).
Take advantage of what Trump University is offering and learn the basic.
Each deal brings forth unique challenges to solve. Good luck

God Bless America

Posted by 2448LU on 03/21/2007 3:06 PM

I agree with Jim Rogers ....... single family in this country is in for really hard times. I personally would not jump into this market even with a 50% downturn. My opinion (and only mine) is that "lower income" single-family housing has a "protector" and the real estate investor/capitalist isn't it ....

Jeffc

Posted by Gary A. on 03/25/2007 8:47 AM

When interest rates dropped and lenders loosened their standards (if they ever had any), the market opened up for the subprime renters to buy.

The result was a glut of rental units.

The subprimes will be the first foreclosure victims and will now have to rent.
.
One might consider acquiring multifamily residential rental property if the numbers make sense.

gea98

Posted by member1546028 on 03/26/2007 6:51 PM

As a 15yr. veteran of the Foreclosure & Default Loan Servicing industry I agree that now is a great time to buy foreclosures. First-time Home buyers, 2nd home buyers & investors should consider investing in distressed properties both from the borrower/home owner in default and directly from lenders (Bank REO's). Our Bank REO Asset Management company: www.NationalForeclosures.com has been providing consumers an inside track to purchasing distressed properties profitably for nearly 15yrs. NationalForeclosures.com work's with dozens of big name & private money lenders to assist in disposing their Defaulted Loan Portfolio's.

The secret to buying these properties at discount is in working the specialists in the industry that do default loan portfolio management. Over the years we have helped to facilitate the sale of hundreds of millions in real estate nationwide, we provide everything from finding, financing and reselling & managing lease purchase option contracts for our clients. Real estate is still & always will be the greatest single method to acquire wealth for the average investor but like everything else in life you plan of action and the guidance of someone who's been there and done that! A mentor is an invaluable asset, I recommend the Trump University as a start and feel free to visit our company for added support in your real estate investing as well.

Sincerely,
Ric Carter
Nationwide Mortgage Banker & REO Asset Manager
NationalForeclosures.com
Ph: 1-866 BANK REO
(866-226-5736)
Fax: 1-877-813-6879
Email: reo@NationalForeclosures.com

Posted by member1193888 on 04/25/2007 2:02 AM

Dear Mr. Trump and others,

Today was a very important day for my partner and I, we closed on our first foreclosure deal, now we need to fix the place and sell it.

Just want to thank you for the encouragement that you give us. It has not been an easy road, but we are getting there. There were so many things we should have known better, but we are learning.

Someday I am sure we will have a portafolio of at least 1% the size of yours. I know that is a hefty goal, but we will get there.

Honestly, it has been a little scary, especially since most of the money so far has been borrowed money, but we will come through.

Once again, thank you for all your words of encouragement.

Victor Cubias, Long Island, NY.
victorcubias@yahoo.com

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