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Affiliate Summit 2008 in Las Vegas party

February 19, 2008 By Leave a Comment

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Foreclosure.com will sponsor the WebMasterRadio.FM “Affiliate Bash” next week on Monday, February 25 at the Tao Las Vegas at the Venetian.

The evening event, which features an exclusive performance by Blue Man Group, is open to all attendees of the sold-out Affiliate Summit West 2008 that takes place at the Rio All-Suite Hotel & Casino from February 26 through 28 in Las Vegas, Nevada.

We invite all of our affiliate partners and other friends who will be in Sin City for the tradeshow to join us for some “fantastic food, premium open bar, and one of the most dynamic networking opportunities at Affiliate Summit.”

Doors open at 8 p.m. and don’t close until the last guest leaves.

According to the Web site, the Affiliate Summit serves the affiliate marketing professional community as the leading global source of learning and networking opportunities surrounding industry.

What exactly is an affiliate?

For more information on the Foreclosure.com affiliate program or to start making fast money online as an affiliate today click here.

Filed Under: Foreclosure News

How to buy preforeclosures with investing

February 18, 2008 By 1 Comment

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Join us for a LIVE online presentation tomorrow (February 19) at 4 p.m. ET. and get the most out of preforeclosure deals with insider money-making secrets and tips that are proven to work!

“Turn Pennies into Profits with Preforeclosures” is a 90-minute online real estate investing training presentation with industry guru, entrepreneur and instructor, Lance Young.

Get the inside scoop on how to invest in preforeclosures — widely considered the safest, most profitable deals available in the distressed real estate market — with assistance from an investor (Lance) who has achieved enormous financial success thanks in large part to a preforeclosure approach and philosophy that generates positive results almost instantly.

Lance will teach you:

  • The five common mistakes beginners make and how to avoid them
  • How to find the right real estate agent and have him/her work for you
  • How to find the right buyers for your preforeclosure deals
  • Where to find the right homeowners in preforeclosure
  • What and what NOT to say to homeowners in preforeclosure

This is an ideal educational experience for aspiring and experienced investors alike who want to get the most out of their preforeclosure deals.

To reserve a spot now CLICK HERE. Spots are limited.

Of course, we will also open the floor up to you during an interactive question and answer session. Remember, if the timing is bad and you can’t make the LIVE presentation tomorrow please remember that we will email you the recorded version as soon as possible … there’s no excuse to not sign-up for this great training opportunity!

Webinars are LIVE 90-minute educational sessions that let participants see, hear and interact with real estate experts right from their personal computer screens. In fact, Webinars are driven in part by visitor feedback and questions that are posed during the sessions. For more information and course offerings click here.

Filed Under: Foreclosure News, Foreclosure Training, Foreclosure training workshops, Foreclosure Webinar, Foreclosure Webinars, Preforeclosure Investing, Preforeclosures, Real Estate Training

NBAs Latrell Sprewell foreclosure home in Milwaukee

February 15, 2008 By 4 Comments

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Michael Jackson is not the only celebrity facing a possible foreclosure.

Three-time National Basketball Association (NBA) All-Star, Latrell Sprewell, is in danger of losing his half-million dollar home in River Hills, Wisconsin, according to USA Today. The report indicates that the former Golden State Warrior, New York Knick and Minnesota Timberwolve has not paid his $2,593 mortgage since September 2007.

Sprewell — who played 13 seasons in the league — earned an annual salary of $14.6 million in the final year of his career.

This is not the first time Sprewell is up against foreclosure. Last summer he defaulted on a $1.5 million yacht mortgage and lost the vessel at a public auction (it sold for $865,000).

It just goes to show once again that no one is immune to foreclosure — it can happen to anyone at anytime.

(Except for maybe Bill Gates and a handful of other zillionaires.)

Filed Under: Celebrity Foreclosures, Foreclosure News, Wisconsin Foreclosure Homes

Are terrorists to blame for the current housing market?

February 14, 2008 By Leave a Comment

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Scott Burns from MSN Money thinks there is a connection:

“We were in the second year of a brutal three-year stock market decline when radical Islamic terrorists destroyed the World Trade Center. Even so, borrowed money wasn’t dirt cheap. The federal funds rate, down from nearly 6% during the Internet boom years, was 3.65% in August 2001. It fell to 1.75% within weeks of the terrorist attacks. Policymakers struggled to keep the economy from coming to a standstill. The federal funds rate continued to drop, hitting a low of 0.98% in December 2003. That was more than two years after the attacks. We were well into a powerful stock market recovery. The federal funds rate stayed around 1% long enough to set off a boom in low-cost mortgages and in home prices. Home buyers discovered that very ordinary paychecks could now buy extraordinary homes. People with cash to deposit learned their money earned virtually nothing. Interest rates on home mortgages dropped fast enough that the National Association of Realtors’ housing affordability index showed that almost anyone could buy a house somewhere in America…. During the same period, the Consumer Price Index rose only 2.9% annualized.”

He might be onto something … or he might not.

Filed Under: Foreclosure News

Government foreclosure help

February 12, 2008 By 1 Comment

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Distressed homeowners facing foreclosure and in jeopardy of losing their homes could receive a little extra time to cure the mortgage defaults thanks to an initiative proposed by United States President George Bush and his administration, according to Yahoo!News.com.

Six participating banks of the Hope Now Alliance — Bank of America Corp., Citigroup Inc., Countrywide Financial Corp., J.P. Morgan Chase and Co., Washington Mutual Inc. and Wells Fargo & Co — will delay the foreclosure process for their customers for an additional 30 days, using the extra time to try and make the mortgages more affordable.

Here’s the actual snip:

“Under the new program, six of the nation’s largest financial institutions said they will begin contacting homeowners who are 90 or more days overdue on their monthly mortgage payments. The homeowners will be given the opportunity to put the foreclosure process on pause for 30 days while the lenders look for a way to make the mortgage more affordable. The new program will be available to the holders of all types of mortgages from prime to subprime and represents a widening of an initiative announced by President Bush in December that offers a freeze on subprime mortgage rates that are scheduled to reset to sharply higher rates for borrowers who qualify for the assistance.”

Homeowners in foreclosure are encouraged to call 1-888-995-HOPE for assistance and more information about the 30-day moratorium.

However, please consider that homeowners will not qualify for the bail out program if they:

  • are already in bankruptcy
  • have a foreclosure sales date less than 30 days away, or
  • if the home had been purchased as an investment property or was not occupied at the current time.

For more information and additional foreclosure assistance remember that professional consultants can be reached right here.

Filed Under: Foreclosure Assistance, Foreclosure News, Stop Foreclosure
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