Tim Randle – Foreclosure Academy 3 Day Boot Camp

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Tim Randle – Foreclosure Academy 3 Day Boot Camp

Tim Randle here.
A few months ago I spent a long weekend locked up with a small group of Real Estate alchemists at the REIClub Foreclosure Academy. It was content dense for novice and experienced Investors alike.
And that’s not just my opinion. These people were there:
“Best Real Estate training I’ve been to and I’ve been to dozens and dozens”
“I was very much impressed with the wealth of content and the simplicity of its presentation”
“The amount of content is amazing”

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“This is the most educational event in the industry”
“No nonsense delivery of so much information in an understandable manner”
“There was massive education and information”
“Professionalism of entire presentation – quality presenters, timely info”
“Very dense content”
“Good content without parade of pitches for products”
“More information in 3 days of the Foreclosure Academy than other so called Real Estate Gurus”
“So many experts in one place at one time”
Want To Join The Small, Elite Group of
Short Sale Investors That Are Banking Gold?
Here’s the situation…
New York Times, April 2010:
“About seven million households are behind on their mortgage payments.”
NPR, April 2010:
A record number of U.S. homes were lost to foreclosure in the first three months of this year, a sign banks are starting to wade through the backlog of troubled home loans at a faster pace, according to a new report.
RealtyTrac Inc. said Thursday that the number of U.S. homes taken over by banks jumped 35 percent in the first quarter from a year ago. In addition, households facing foreclosure grew 16 percent in the same period and 7 percent from the last three months of 2009.
“We’re right now on pace to see more than 1 million bank repossessions this year,” said Rick Sharga, a RealtyTrac senior vice president.
In all, more than 900,000 households, or one in every 138 homes, received a foreclosure-related notice, RealtyTrac said.
USA/Today, October, 2010:
The epidemic is spreading from the states at the ground zero of the foreclosure problems out into areas that hadn’t been previously affected,” said Rick Sharga, a senior vice president at RealtyTrac.
The trend is the latest sign that the nation’s foreclosure crisis is worsening as homeowners facing high unemployment, slow job growth and uncertainty about home prices continue to fall behind on their mortgage payments.
In all, 133 out of 206 metropolitan areas with at least 200,000 residents posted an annual increase in foreclosure activity in the three months ended Sept. 30, RealtyTrac said.
“Eleven out of the nation’s 20 largest metropolitan areas saw foreclosure activity increase in the third quarter compared to the same period last year.”
Oh and that great Obama foreclosure prevention program…
About 231,000 homeowners have completed loan modifications. And completions are declining.
That’s what you’d call a spit in the ocean.
This news could take your breath away except with all the superlatives (bubbles) we’ve seen a mere 10 years into this Century it’s hard to have any breath left.
Here’s One Telling Fact To Focus On:
In 2008, banks took back (repossessed) 96% of the defaulted properties at auction. In 2009 that dropped to 25%.
What does that mean?
Through 2008 a vast, vast majority of mortgage defaults turned into REO’s. After the 2009 New Year rung in, banks sobered up a bit and realized REO’s were crushing them and that Short Sales resulted in much lower losses.
But banks are still banks which seems to be synonymous with less than complementary terms such as stupid, obstructionists, and, well I’m sure you can add your own terms.
Just because Short Sales are the much SMARTER solution for all involved doesn’t mean they’re ready, willing and able to actually help make them happen easily.
That’s one of those bad news/good news things.

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Here’s why…
I certainly haven’t revealed any earth shattering news above. We all know:
Mortgage defaults are a mega huge problem.
We also know by our own personal experience or the harried tales we’ve heard, doing Short Sales ranks up there somewhere between a thousand razor cut torture and a 5-hour water boarding session.
And we also know – or at least highly suspect – that A SMALL MINORITY of Investors are banking gold with Short Sales.
That’s what I want to tell you about –

Special Bonus #1:
Virtual Assistants –
Expert Interview with Alan Brymer
Alan has been a successful full time investor since the age of 22. He’s Founder and President of the Utah Valley Real Estate Investors Association and creator of The Assistant Who Pays Their Own Salary.
Alan learned one simple rule early on: You can make more money if you don’t do everything yourself. This interview is packed with practical how & what to and what not to do to expand your business AND have a life.
Special Bonus #2:
How To Hire Your Real Estate Dream Team
Top Real Estate Investors are not a one-person team. There’s simply too much to do… too many different skill sets. Each person on your team can increase your profit or cost you. Assembling your dream team puts you at the center of control.
Special Bonus #3:
“Proof of Funds” Letter to Help Close Your Deals
When you have back-to-back closings, unless you’ve got tens of thousands to sink into a deal, you’re going to have to pre-qualify.
That means a “proof of funds” letter. Believe me, these things aren’t free – and you typically have to qualify for it.
But when you have an “A – B” sale, and you line up a “B – C” sale, you’re gonna need to pre-qualify, and this is the fastest and easiest way. You can make a lot of cash while saving a ton of time with this valuable letter.
Special Bonus #4:
Transactional Funding:
Use Our Money to Close Your Deals
Once you start rolling with multiple deals, you’re might find yourself in a tight spot where you need some quick, at the closing table, cash. That’s where “transactional funding” leaps in to rescue you.
Whether it’s a short sale, REO, whatever…
…they can often make it happen when you need it. We’ll introduce you to a funding source that will make your deal possible – and allow you to improve your closing rate!

Get Tim Randle – Foreclosure Academy 3 Day Boot Camp download