Quote:
Originally Posted by 877YouKeep
I am not in the market to take advantage and buy properties, I am in the market to save homes and yes there is a great opportunity to save homes also. We have staked our future on saving homes and selling websites to investors nationwide that guarantee Google results.
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Donald,
May I gently point out several, in my opinion, incorrect assumptions/assertions you've made.
In response to Scott above you wrote "I am not in the market to take advantage and buy properties,...." Scott does basically... exactly what I do. As I mention in my introductory post...my first mission is to help the homeowner stay in their house if this is possible?
If they cannot qualify for a lender workout I can possibly do a short sale or buy the property in some manner. Scott, myself nor anyone else created the mess the homeowners now face.
The "knee jerk" reaction of many is that some greedy/unethical investor is taking advantage of someone in a foreclosure situation. Surely there are unethical investors just like there are less than well intentioned people in other walks of life.
The salient point is that if a homeowner cannot afford the home...the best thing to do is to get out of that debt, if possible. If they don't sell... a foreclosure is now on their credit file for 10 years, plus their FICO score will go down 200-250 points...they may have to file a BK...may have to face a deficiency judgment. Consequently, if an investor buys the property from the bank, either a normal sale, a sub-2 deal or thru a short sale...a real genuine service...help, if you will, is given to the homeowner. The foreclosure is prevented and yes the investor will make a profit,
BUT the homeowner has been helped. How can help be construed as "taking advantage" of someone. The fact that a "profit" was made is a disingenuous and spurious thought at best.
If you went to an attorney or a doctor or a CPA and they rendered a service ( at an obvious cost ),...would you feel that you have been taken advantage of ? They helped you because you did not know how to file a law suit...did not know how to fix your broken leg...did not know how to file your complicated tax returns.
If all you want to do is save homes...go ahead...a noble endeavor. Are you charging a fee for your services? Do you inform the homeowner that they have every right to attempt a loan workout with their lender themselves thereby avoiding your fee? We, as professionals, just happen to know the "in's and out's" of the business and can really better do the job. Call me the default doctor...I most likely know how to and indeed can save you.
Lastly, I'm familiar with Financial Health Coach...the people you promote on your website. If you ascribe ill intentions to investors...why do you help Angie ,Ryan and Claude advertise their business? They are expert short sale investors.
Donald, I really don't intend to attack you and your position, but when someone tells me or infers or assumes that I am not well intentioned...I get "my back up".
There are many, many, many ads on the internet touting the fact that people can make thousands upon thousands of dollars weekly. They all really make their money by signing you up and then you sign someone else up ( MLM ). At first blush, one would think that being in this business at this time, ( a period of unprecedented rates of default ), would be a "gold mine" of opportunity. The sad fact is that only a very small percentage of people can qualify.
I would encourage people to learn this business. It is definitely a noble pursuit... I look forward to your course. I would also caution everyone to be circumspect in their earnings projections.
Bankruptcy Consequences to a Lender
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