TO SMART MOUTH
REMAX,
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I noticed you deleted your first post that started this thread, did it get to hot in kitchen for you?
I think your post basically said investors steal houses from people in trouble, at least this is what I understood from your post. Of course you can come back an correct me if I am wrong.
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Glad to meet you.
Just for the record why don't you share with us what your advice is to someone who is in foreclosure to save their house.
I am sure we would all like to learn so that we can help. This advice would be great to know for future reference.
Welcome on board this board, looking forward to your answer.
John $Cash$ Locke
[ Edited by JohnLocke on Date 02/09/2003 ]
What are you talking about??? Did I miss something?
That is all noble of you and your giving back, but the only reason people are in a foreclosure situation is they don't make money enough for their house, or they are irresponsible... Unless you are fixing these, you are only prolonging the inevitable...
At least when an investor helps them out of the house they preserve their credit for the future - say 3 years when they get a better job or grow up.
If it was a 2 month lay off that got them behind, fine, there are loans out there for that as long as you can prove the situation is corrected - but that doesn't happen very often
All I can say is that I hope HOMEOWNERS are reading your response. You just dug yourself a hole buddy.
REMAX,
I am being very polite with even though you a copping an attitude.
Simple question, tell us how you stop foreclosures?
Please don't tell me to list the house in my experience this has caused more foreclosures than helping someone. When the Realtor knows full well that just listing on MLS does not get the job done or over pricing the house to cover the real estate commission does not help either.
I'm waiting?
John $Cash$ Locke
What crowd are you trying to work here? The big following of home owners? If you didn't noice this is the creative investor. Only a few homeowners here and they came here are a last resort looking for help.
Rule of thumb... If there is equity for a Private Investor, there is equity for the homeowner.
Q . How many Investors buy homes with ZERO equity?
Remax,
I suggest you READ the many posts on this website on how many investors have actually helped homeowners by taking the property off their hands.
As a REI in foreclosures, when I meet with homeowners who are in foreclosure, I give them 8 options that they can implement to avoid foreclosure. If they are tried all the options, then what is left for them to do? That is where the real estate investor comes along. You can ask any investor on this board about how many people they have helped get out of debt and save their credit?
You talk about hard working homeowners??? One homeowner was in foreclosure, his family loaned him the money to get out of foreclosure. Two months later, he was back in foreclosure. So he decides to get a 2nd mortgage on his house for $60,000. Do you know what he did with that money? He bought a new Harley and went to Las Vegas and blew the rest! After his reality of losing his home sets in and he has no more options, who does he turn to? He calls an investor to "help" him get out of foreclosure. The investor takes over the property, make a small profit from it...the homeowner saves his credit and gets out of debt.
What would you have done to help him out if his house is worh $100K and he owes $100K? Investors buy properties with ZERO equity all the time! Wouldn't you like to know how???
maybe you shouild read up a bit more - much of this board is about making money where there is NO equity or very little - short sales? what about sub-to and then selling to someone a little above market with owner financing - getting a new person in a home that would have never been their because they could no get bank financing....
READ!
Everyone.... Go back and please read drifter Draftee Investors remark and just stop and think.... very very sad. I guess he is "FOR THE PEOPLE"
Sorry - I am wrong - I make a living of saving peoples credit and getting people out of renting and into homes - that is so shallow of me - Thankyou for waking me up
How many people have you helped avoid foreclosure or stop foreclosure? How many people have you had to watch their homes go up for auction because you couldn't get it sold?
REMAX,
I really didn't think you would answer.
I am a professional real estate investor, so there is a person I work with that does reasearch for our company, he is the best at what he does. So I keep up on how well Realtors do their job.
What about the Tens of Thousands of people who list with a Realtor, never to have their house sold. These are not my statistics but available from the National Board of Realtors.
Who do these people turn to when their hopes and dreams don't come true because they listed their house and the real estate agent did not get the job done.
This is one of the main reasons for private real estate investors.
Was my question to tough for you?
John $Cash$ Locke
As drifter said, we HELP people!
We help people who have rented all their lives, get into their own home! We help people who had the misfortune of getting laid off, their home is going to be auctionned off, and they have no one else to turn to because they listed it with a realtor, but they couldn't get it sold before the auction?
How many people with bad credit and no money have you helped into a home?
I have a 100% success rate in stopping foreclosures. I'm the #1 foreclosure assistance Realtor in the South east. I have a weekly radio show that broadcasts to millions weekly. Please do not make me feel like I do not know what I'm talking about.
I used to be a Private investors for 20 years. Let's not go on.
what do you do to help someone with NO equity to do to stop foreclosure - do you sell it for no commission? If the people can't pay their bills, they certainly can't pay you?[ Edited by drifter on Date 02/09/2003 ]
what is the name of your show - I would really like to check it out. Maybe I could learn something!
If you used to be a private investor for 20 years, then what made you decide to quit and become a realtor?
Besides listing their home for sale, what other options do you offer to avoid or stop foreclosure? And if the homeowner had no equity, do you tell them you can't help them? or do you send them to someone else?
There are other ways of helping a homeowner out of the situation without having to sell it...
REMAX,
I kind of thought you were advertising, so why hide behind a nic when you post?
You are speaking for yourself then not the other Realtors who do not get the job done, so be it.
You are not going to rid the world of real estate investors no matter how many people you reach with your broadcast.
To me you are just another Realtor spewing 'let me save you' progaganda, I already figured out who you are connected with, so kind of around the bush way of coming on this board, instead of holding your head up high and helping people rather than knock them.
I would suggest you read the "Dale's how to win friends etc." book, then come back with a more enlightened approach to helping people and drop the attitude.
I know you don't want to go on, if I were in your position neither would I.
John $Cash$ Locke
Actually I would like to tune into your radio program. Is it broadcasted, if so, where on the dial can I find it? I'm sure with your experience in REI and being a "real" Real Estate Agent you have all kinds of advice for your audiance. Being REI I try to get all the education I can get, being good or bad, and after ready your posts here, I would probably be surprised if it was the first. Thanx...
You drop insults on RE investors...yet you say you've invested for 20 years.
I'm with $cash$ and drifter----Mr. sunshine superman---tell us What would YOU do to "help" someone in foreclosure?????
I deal with realtors everyday whose consciences have been numbed or over-fed by their egos. They fall FAR FROM HELPING PEOPLE. Maybe you ARE different as you seem to think.
You showed up here so show us your stuff. Are you up for the challenge???
I'm waiting anxiously----what would you do with someone with no equity?????
Pleeeease answer quickly so that I can be glad that you broke all rules here in your original post---hmmm does that say something about that word WE here are so conscious of "ETHICS"?
Waiting.....
Mel
REMAX,
How special you are "NOT".
If you were a so-called investor for 20 years, why in the world would you stop and become a realtor.
Based upon your comments, you would know the benefit that private investors provide to problem homeowners and communities.
Why not reveal your self, Keep in mind that the name REMAX is copyrighted.
So tell us how many folks have you helped out of foreclosure, what state you are in, what station is your show with?
John L was being very polite, I am not.
Don't come on this site and blow you're bull!!!!!!!!!!
This site is to help folks with REI, If you plan to do this fine, if not go away!!!!!!!!!!!!!!
[addsig]
John Michael,
Thank's for the back up here, this person did not have the courtesy to back up it up.
It is not to hard to figure out who this person is and their motives for posting here.
Where were all these experts when there were only a few of us supporting this site, now that the band wagon is growing, they want to come on say look at me and how great I am.
You came on later than I, but you did it with style and class by sharing and helping the new person first. You established your credibility and we are all greatful to have you here.
John $Cash$ Locke
Not a problem John L,
You will always have my support.
You help folks, you give of your time and I only wish I had more time to help out more at TCI.
We may differ from time to time, but you sir have my respect!!!!!!!!!!!!!
[addsig]
John$L:
This REMAX guy is a TOTAL NUT!!!
He's still dodging your request for his 'SECRET for Saving ALL of the World's Foreclosures!!!
REMAX:
John$L, Drifter and Tanya1215 are ALL K-REKT!
You said you USED TO BE an REI for 20 YEARS???
And you OBVIOUSLY must have taken UNFAIR (or even CRIMINAL) advantage of quite a few foreclosure owners!
How many pre-Foreclosure Listings Do you LIST vs. SELL each Month?
RE: (you wrote) "Rule of thumb... If there is equity for a Private Investor, there is equity for the homeowner.
Q . How many Investors buy homes with ZERO equity?"
Your first answer concerning equity for a private investor is TRUE!!!
However, your Question about buying a ZERO EQUITY or upside down (OVER-FINANCED) properties... I'm your Huckleberry!!
In my own 15 year REI exeprience (11 as a Consumer Advocate) I helped more individuals than you probably ever truly sold for REMAX
(Only guessing that's your franchise since you've chosen to HIDE while throwing stones here!)
####
SAY JOHN$L:
You think this guy really does what he says he does or is he just letting off some STEAM outta jealousy? Cuz I bet if he is really who I think he is...this NUT couldn't sell himself outta Bed a Million times over...let alone earn a commission ---I Think the RADIO's INSIDE HIS HEAD (when he's hearing voices!)
lol
REMAX m'man:
I offer every pre-foreclosure owner that I market to a FREE report on getting ther Stuff together...
It's Called, "The 5 SECRETS Lenders WON'T Tell Borrowers Facing Foreclosure?"
This HELPS them to get OUT of HOT WATER (and it DOES NOT MENTION LISTING Your HOME with a Re-LITTER!!!)
A TOTALLY FREE and HELPFUL they don't ever have to think about giving me a DIME for it!
Yet I still get supre referrals and even buy properties from some of them(for a tidy PROFIT)!
REMAX, R U Seeing RED while I'm in the GREEN?
[ Edited by DerrickAli on Date 02/09/2003 ]
No Guys and Gals,
He really is a real estate magician---now you see him---POOF---now you don't.
Now wait a minute---that is what the last 3 re agents I worked with did when the going got tough---disappeared. Gasp! and they were Remax agents--hmmm maybe it's some kind of special training they give their agents.
Mel
Mel,
Darn funny post and right on.
John $Cash$ Locke
I can't view the first post, but there definitely seems to be some strong anti-realtor sentiment.
Realtors have only one purpose TO SELL PROPERTIES AT RETAIL.
If you are willing to pay retail for "just the right home as your residence" call me or another realtor, RE/MAX would be a very good choice as their agents are much better than the average Franchise. I was a RE/Max Agent for 4 Years.
If you want the highest net (w/o carrying paper) for your completed rehab project
List it!
On the other hand, for a Realtor to say that an investor is profiteering from the bad luck of others is absurd.
REI's provide quick liquidity to those in dire need. We all know how difficult it is to locate hard cash for even "a slam dunk deal" Most Realtors don't know anything about handling foreclosure.
Lastly, the Seller always decides if his property will sell...
The seller decides the location (at purchase) the condition and the price and terms of the sale.
All REI's know the frustration of dealing with a Seller who lets his property be foreclosed, rather than agree to what they percieve as "some crazy Creative legal trust mumbo Jumbo"
Well I've got to get some sleep, tomorrow will be a hard day trying to get FHA to accept a very short sale contract for a seller client who hardly bothers to return my calls, as I try to clean up his mess.
Ah the joys of being a realtor!
Does anyone know a better place for remax to take his ideas and stop waisting our time?
Honestly remax...if you have something to teach us...then do so...ithat's what we are ALL here for...if not, I am offended by your comments and feel sorry for you if this is how you choose to spend your time.
Visionary
REMAX,
I thought I was the King of Negative on this site. I'm afraid my crown may have been stolen. I'd bet we'd all be willing to give you the King of Illiterate for the site as well. YOU'RE ROYALTY!!!!!!!!!!!!!!!!!!!!!!!!
Stereotyping REIs is as ridiculous as stereotyping realtors. There are some good, some bad. (I have to disagree with that remark in regards to lawyers; they're all bad. [j/k..sort of.. ])
My point is, you've offered no credentials, no experience and no explanation to your posts. YOUR STORY DOESN'T HOLD WATER:
So you host a radio show to tens of millions? Well, I'm the Queen of England. I'm also the CEO of AOL. I've even been elected to the office of the President of the United States FOUR TIMES! I declined because I was too busy planning my Shuttle missions and helping Mother Theresa feed the poor in Canada.
See, I can say all of that because it holds about as much verifying information as you have provided for us. C'mon... even the pessimistic Wonderboy knew when to wave the white flag when he was backed up into a corner by A DOZEN EXPERTS.
Interestingly enough, these EXPERTS have done nothing but HELP me in the past two months... "Ask and ye shall receive..."
God bless the Gurus on this site, and I hope you have the b%#@s to either admit you're wrong or provide substantial proof to your claims and explanations to your lambasting.
Geeminy Christmas, I don't check the board for two days and look what happens... I guess if I don't fill the position of Duntz then someone else will come along and OUTDO ME!
Hi Astonna,
I have to say that I don't even find realtors handy in doing what you said about getting highest net w/o carrying paper---they take too long. I use my handy-dandy round robin bidding system and sell the thing in 2 weeks.
I am not trying to hammer realtors-I was 5 min away from getting my license but decided I wanted to travel on w/o one for a while---I mainly just wanted to be able to access the mls---I can find a way to do anything as an investor that I could as an agent.
I have lost soooo much money to re agents this past year that I kinda have a bad attitude right now---excuse me I'll recover soon---and hope to not have to work with an agent again. A couple of the gurus had said it was a good thing to do---so I tried it--didn't like it . Maybe I just need the right one to show up.
Just what's on my mind.
All the best,
Mel