Don't Let Foreclosure Riches Pass You By

Mr. Sexton

Another interesting part of that "statistics" article is the information on subprime lending. With the momentum of the foreclosures starting to pick up pace, and a high percentage of homeowners having borrowed near or even beyond the property value, I would suggest the bubble has only begun to show signs of a burst. If you were to use stock market charting to examine this sudden decline, a wise investor would watch this decline until such time that the bottom has been or near been reached. Jumping in too soon on a monster swing can leave you on the wrong side of profits. For those seeking this avenue, your suggestion to "Learn" as much as possible is valuable, but more so with this slide in housing likely to continue for a while, there is enough time to become well versed in elements that will provide the best possible upside for your investments. It is disturbing to know that many families will lose their homes to poor money management. For any that are on the verge of losing their house, this doesn't mean the end is coming, more so take advantage of the time you have to prepare for this event. Don't lose site and everything you have by stretching this out longer and longer until you are so tapped out that you have no alternative. No large corporation waits till the last dollar is spent before closing the doors to bankruptcy, and neither should those who are extended far beyond their means. Find Legal means to protect yourself from the pending day, so that if it does happen, you are prepared and not wondering how you will even feed or shelter yourself in a basic sense.

Not a pretty picture that could be on the horizon, however just like the storm clouds building, you have time to ride out this as well.

Sincerely

Richard F. Guyon

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

CTO / SEO Strategic Investment Advisor
http://www.strategicinvestmentadvisor.com

Mr. Sexton,
Commited to did*t let the Foreclosure Riches passing by! And listening at the 3 steps you providet, well, I would love to touch that like a valse dance or tango, softening as greening development to the flowering!
about the foundation to build green it will be something able to disipate the whole interconectivity between land resources, people, politics and poverty as source of distroyment generally spoken and more hmm, thinking at the war in the Middle East, if they fight from 1.400y. hope that what make them fight will be able to revive the union between them, religion, but the right one, which is source of wise life advice for every single familly cell or nation worldwide, as we have a Planet, well, with your permission, I believe that The Bible represent the *Instruction manual* to ensure the waranty of the *products* we where gifted with for the predesigned period of time, maintanance free ensured for each and every area if obey.
Look, it sound sharp but it is so! just take a look at this too wide foreclosure phenomen, what happend with the people?! how may them repaire the credit if generally spoken the *pattern* copy of the large scale is...another more complicated choreography of a dance partnership regarding trade deficits and finance between US and China. No problem, how long people are the principal focus, the most precious treasures like diamonds in the acre but to make them shine we have to polish us the many facets , that building from within which we avoid from the century*s: to read The Bible and his classes for human beings for morality about work about financial system, the most perfect one, where the values are people land work investment a part by levits and after 3 years buy further..what about the gold treasures of nations worldwide? what about the value of work? about food quality, we eat but we did*t know exactly what...and Bible said also how to care the animals list which ones are good and a warning to sell the healthy cows not some crazy ill ones, even the illness of cows came from some products which speed the normal growth..I ve seen a pork farm soon after 98 and half of the porks of that farm died from the *new* food, but no worry, the survivors will double the losses, is efficient!? really?hot dogs the most EEE and did*t change the receipt for…sales sake not people,see? as we are what we eat, please, let*s make a change to observe that what we use is somehow long term in the wrong way and we need and still have time to change for the good everysingle detail of the social life aspects, focus people, the industry*s the homes the relationships, hmm, still hope for our son*s that God will bless a better future, but as instable life we sense now for next generation it will harder to change. May we clean the backyard for them as clean foundation for the future?If banks don*t help his people and sell by auctions, and a social system suffocated by a system which is not anymore functional, asking, who buy the bonds as debtor wholes, cheap? The Starker Exchange as trust principle to sustain the client best so economy generally!poverty as Bible said we have all but we must care them, and buying cheap is excuse to did*t produce quality, how many womans did*t work and why? Proverbs Bible say about man business, woman actief role too home and land and clothes and selling too, deefers, good work as good reward, well, are in our times are values fairly in place? sacrifice generation as so many, but in 21century, what the retirement perspectiefs are generally spoken? as we reach it if not die in nonsense wars,or else?fixing the poverty problem with summit investments and greening movement with banks sustainment a bit different, why not? is not just the foreclosure sake,is about the small details, the union give power but the foundation of love define the succes of a family as part of consum society(sustaining health like people land homes products fairly prices sustained by les tax)Dana

The title of this topic makes me feel sick inside. I believe in capitalism. I must say though that couldn’t the least bit of sensitivity be applied to this situation. There have been a lot of people hurt by this subprime situation and this has about as much tact as saying "Hey have you picked all the gold off the dead people yet? There is plenty to be had, have you got yours?" How about making money responsibly financing loans that would actually be fair and work for the people who paid on time but had these unrealistic balloon payments presented to them with legal language that a M.E.N.S.A. member couldn’t figure out. I know I actually spoke to a M.E.N.S.A. member who told me that. Sure opportunity is there, I get that. And the people that created this subprime situation will make even more money exploiting the people they exploited to get there first batch of millions off of this fiasco. I don’t know maybe that is why I am not a part of the uber rich elite because I haven’t killed my conscience. I think I’ll just stay comfortable with my conscience. There is plenty of money to be made actually helping my community and neighbors, you just need to be a little more creative. Slow and steady wins the race.

Responding to Ms. Tesch's comment -
The faculty and administration at Trump University is just as upset as you are about the negative aspects of the foreclosure upswing. If you review our previous blog comments, you will see that we have taken care to advise our members to seek ways to structure deals in ways that prevent families from losing their homes. There are times, I am sure you realize, when it is possible for an individual investor to rent a home back to the people who are living in it - the former owners. Sometimes, it is possible to structure a rent-to-buy arrangement so that former owners can repurchase their properties. Such arrangements do not always work, of course. But when the numbers work, everyone can benefit.
There are also a number of instances when a foreclosure is not actually the result of a family's financial hardship. I have recently, for example, heard of one property-owner who "walked" on his mortgage and let a bank foreclose simply because he was not making enough money from renting it. I have also heard, just in the last few weeks, the story of a brother and sister who did not want to take possession of a house they inherited after their father died - so they let the bank foreclose on it. (They were probably following bad advice, but I guess it was their decision to do so.)
So please be assured that we are in agreement with you. We will never advocate taking advantage of families. But we also know that the stories behind foreclosures are varied, and no two are quite the same.
Thanks for taking the time to share your principled views, which are terrific.
Barry Lenson
Executive Editor, Trump University

Responding to Mr. Lenson’s comment-

First, I would like to say how much I appreciate Trump U and all of the good information that Mr. Trump and his staff place on blogs, in books and in the courses to help aspiring entrepreneurs such as myself. There is a lot of time effort and might I say love that goes into the site, being the case, I do not for one moment feel that the name of the topic was intentionally malicious. In addition, I very much appreciate Mr. Lenson for taking the time to address my comment. I agree that foreclosures, like all deals are as varied as the people entering them. I realize there are times when the deal is perfectly legit and people default. It happens. That being said, with every tragedy comes opportunity. Here we are. Now what? Right? Let’s do it better from now on.

What we did find out is that this is quite a market. That there are plenty of people who want to take that step to home ownership and the American Dream. Many will pay on time and are looking to improve past credit indiscretions. Right now, I am building my finish carpentry business with my husband. We are not able to take full advantage of this wave of opportunities in this area. However, five years from now, we will be. I love walking through a house that my husband and crew have worked on not just to see their work, but because I know I am walking through someone’s dream home. There is something really special and sacred about those types of dreams. I know I am getting to wordy and sentimental, I tend to do that. I am looking forward to being part of the solutions, part of helping people acquire their dream. Right now I am working on mine. So thanks again for the knowledge and for showing people that you can make money and still keep a level of ethical integrity and decorum.

Sophia Tesch
Sonoran Trim, Inc.
sonorantrim@cox.net

It is very true that the pre-foreclosure market is extremely lucrative. The financial opportunities that the real estate market presents often attract those with clouded intent for the obvious reasons.

There are many, what are termed real estate "gurus", who are teaching for perhaps misguided reasons—meaning, they are generally not sincerely looking after what is in the best interest of their students’ and clients’. It is very typical that they make empty promises and take advantage of honest people who are trying to establish wealth through real estate. It’s a very sad thing, however we witness individuals’ and situations similar to this on a daily basis.

I work with some of the top pre-foreclosure investors in the country and it is refreshing to collaborate with people who truly care for their clients’ are committed to making every interaction with their clients’ as pleasant and accommodating as possible. I am very grateful for the opportunity and privilege to work with a residential redevelopment firm that has the ability to provide solutions for those in extremely challenging and trying situations.

I believe that we need more individuals’ that conduct themselves and their operations with the guidance of truly admirable values and virtues. It seems that the Trump University Staff is in fact committed to providing the value that I am speaking of to all that they associate with and I appreciate that effort very much.

Thanks,

Nino Paglia

RealeFlow
www.realeflow.com

Ambrose Properties
www.ambroseproperties.com
www.shortsalemanifesto.com
www.shortsalechampion.com

Aloha , you mite want to wait till 2008 untill you attack the market its not over yet you still have another 40% to go dont get caught half way down the ladder I have seen it before an this is going to be better than the 90s mr trump will attest to that let it go to the banks and then to the fdic and in 2008 it well be absalote and base your value on rent in the area it will be a time for holding with positive cash flow think long term . may the force be with you . aloha toby