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The Latest News

Mark and Caryn's Upcoming LIVE events!

UPCOMING WEBINAR!





"Mass Marketing with Automation"
with Zack Childress

Replay Now Available!


FAQ
 
 
 
 

BIG News

 
 
 
  

Ready to Make More Money?
This is hot off the presses: directly from Fannie Mae's website.

Fannie Mae has reconsidered the loan limit for investors.

Fannie Mae will allow investors to hold 5-10 mortgages and still get Fannie Mae backed loans.

This apparently will start as of 3/1/2009 and will be announced on Monday 2/9/2009.

The reserve and qualifying criteria for the 5-10 loan range will be more stringent, as well as the

down payment requirements. Still, it's a HUGE improvement over 4 properties. This will clearly

make a real dent in the uptake of the excellent deals available in some markets by experienced investors.

2009 is shaping up to be better already - at least for real estate investors who are taking action NOW!

 

JANUARY CONSUMER BANKRUPTCY FILINGS INCREASE
34 PERCENT OVER LAST YEAR

February 3, 2009, Alexandria, Va.— U.S. consumer bankruptcy filings increased 34.4% nationwide in January from the same period a year ago, according to the American Bankruptcy Institute (ABI), relying on data from the National Bankruptcy Research Center (NBKRC). The overall January consumer filing total of 88,773 represented a slight increase from the December total of 84,926. Chapter 13 filings constituted 32.8 percent of all consumer cases in January, a slight increase from December.

"U.S. households are under great financial stress today; for many, bankruptcy seems to be their best option," said ABI Executive Director Samuel J. Gerdano. "We expect more than
1.4 million new cases filed in 2009."


 

We have MANY new events scheduled! Please CLICK HERE to see if we are coming to a city near you!

 

Breaking News: Mortgage Forgiveness Debt Relief Act

What is the Mortgage Forgiveness Debt Relief Act of 2007?

The Mortgage Forgiveness Debt Relief Act of 2007 was enacted on December 20, 2007 (see News Release IR-2008-17). Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence.

What does that mean?


Usually, debt that is forgiven or cancelled by a lender must be included as income on your tax return and is taxable. The Mortgage Forgiveness Debt Relief Act of 2007 allows you to exclude certain cancelled debt on your principal residence from income.

Click here to continue reading

 

New Article: Six Myths of Investing in Bankruptcies

When most people hear the word “bankruptcy,” the first reactions are intimidation and avoidance. The fact that it’s a legal process involving the Federal government pretty much explains both reactions.

From our informal surveys of many investor groups across the country, most real estate investors react precisely the same way … largely due to a lack of education and experience. However, there are so many opportunities for real estate investors in the bankruptcy niche, that my partner, Mark Klee, and I have made it our personal specialty to remove the fear commonly associated with bankruptcies.

Let’s address the most common myths and misconceptions... click here to continue reading

 
 
 

Featured Product

 

The Post-Bankruptcy Report

 

Trial Membership!

Our list of uniquely motivated sellers, who are losing their bankruptcy protection and facing foreclosure in the next two to four months. Your report is emailed to you in an Excel spreadsheet format. There are no contracts to sign... you can cancel at anytime. Click here to find out more!

 

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