- Name
- DC Fawcett
- Company
- www.realestateforeclosuresinvesting.com
- E-mail
- Contact DC Fawcett (www.realestateforeclosuresinvesting.com)
- Website
- http://www.realestateforeclosuresinvesting.com/free_foreclosure_
- Office Phone
- (813) 689-2300
- Description
- D.C. is an expert real estate investor and mentor in foreclosures investing, Loss Mitigation, bank foreclosures, REO, Foreclosure Listings, Short Sales, preforeclosure, and home foreclosures.
About Us:
My FREE online Foreclosure and Short Sale Course ($197.00 Value) REVEALS
How To Collect Massive Checks With Foreclosures and Short Sales even if you don't have any experience, Cash, or Credit in Today's Rapidliy Exploding Foreclosure Market
Get your Free Short Sale Course Right Here: FREE Short Sale Course
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Email: Info at dcfawcett.com
Areas of Expertise
What is a Short Sale ?
By: DC Fawcett
Let’s first cover what the definition of a short sale is.
A Short Sale is when the bank agrees to accept less than what’s owed on a mortgage foreclosure that is secured by real estate.
To get a Free Foreclosure Investing Course, Go Here What is a short sale
Benefits to the Seller of the property
The seller wins by avoiding foreclosure by selling their home before the foreclosure auction even if they owe more than its worth.
If sellers were to sell their home foreclosures the traditional real estate transaction with a realtor without a short sale, typically they would have to bring tens of thousands of dollars to the closing to sell their own home. This is not an option for them because they are in foreclosure and don’t have any money.
Sometimes they are able to get some moving money out of the deal where they would get nothing if they lost the home back as a bank foreclosure. A bank foreclosure is also known as an reo.
Benefits to the Lender
The Lender wins because they are getting some of their bad debt paid off and are decreasing the amount of foreclosures and reo properties they have.
You see, when a lender has delinquent loans on their books, it affects how much money they can lend out in new loans because they are regulated by the FDIC. So the more bad loans they can get rid of, the more good loans they can then go ahead and acquire. This is why they have the Loss Mitigation department to help the bank liquidate their foreclosure listings.
Also by taking a home to auction, the lender will lose 35-50 thousand dollars. So it’s a huge cost savings to them to do short sales before the auction occurs.
Benefits to you the Investor
The investor wins because we get to make a great profit on a home while offering free foreclosure listings to our buyers, most of the time in the area of 25-200 thousand dollars, that we have invested little money in, have not had to put our credit at risk and we don’t have to rehab the property.
Most of the time we are able to get these properties at 60 cents on the dollar and they are in great condition. I have acquired foreclosures through short sales in bad condition for as low as 28 cents on the dollar. That means I was able to acquire a home for 28 cents on the dollar by doing a short sale with the lender. You can’t buy hud homes for that much of a discount.
The information of how to short sale a home benefits everyone:
It benefits Realtors because in today’s market Realtors are getting tons of listings with no equity and they can turn these dead leads into strong commission checks that they wouldn’t get without knowing how to help their sellers out with a short sale.
It benefits investors because they are getting a lot of leads now from sellers that owe more than their house is worth. The only option for them is to do a short sale.
And the short sale business for investors is awesome in this market because you don’t have to make payments on the house, you don’t have to make repairs to the home, you don’t have to put your credit on the line to do the deal and you make a huge profit just for structuring the whole deal. The best part is you can control large luxury style homes while generating exponentially more profit than starter homes without any risk. You make ten times more profit on a luxury home than a starter home and its that same amount of work and still no risk.
Home Foreclosures are at an all time high and it is your time to get in the game and help out some needful homeowners while make a boatload of cash along the way. Short Sales need to be a part of every investor’s real estate investment strategy in today’s mortgage and housing market.
To get a Free Loss Mitigation Training Course, Go Here What is a short sale
Dedicated to Multiplying Your Income,
D.C. Fawcett
The Business Building Coach to the Foreclosure Industry
To get a Free Foreclosure Investing Course, Go Here What is a short sale
Testimonials
My name is Jason Medley. I’m a mortgage broker in the Tampa Bay Area in Florida.
I’ve been a mortgage broker for 7 years and I have always enjoyed a pretty high income from my mortgage business until recently with everything that’s happened in the mortgage market. To continue enjoying the lifestyle that I’ve come to enjoy, I knew I had to make a change to increase my income in my mortgage business.
I convinced D.C. Fawcett to take me under his wing to teach me the secrets he uses in his short sale business to cash big checks on luxury homes.
On my first short sale, A client came to me in trouble and I immediately began working with the bank on her behalf. She was upside down in her home and owed about 131k on a home worth about 125k. After about 60 days the bank took 82k for the home and to be honest, I didn’t really know what I was doing. I felt my way through it and with DC’s guidance and knowledge, everything turned out beautiful.
Last week I closed a deal on a luxury home and cashed a check for 38,105.06! This is a lot more than I make per loan. I wish I had gotten D.C.’s training sooner. I love the fact that I can make Ten times the amount on one short sale deal than I can by doing one loan.
I’ve found that short sales are a very natural addition to my mortgage business because it’s easy to convert REFI turndowns to short sales. The realtors that I have relationships with are bringing me deals because they don’t know what to do with these over leveraged houses. By showing them that I can turn their dead leads into hefty commission checks, they send me more leads than I can handle.
And with the amount of foreclosures out there right now, you’d be crazy not to get in this business. This foreclosure boom won’t be here forever and I know we aren’t making the type of money we used to in the mortgage business. I just figured out that we need to adapt in the current mortgage marketplace and this short sale thing is where all mortgage brokers should be focusing right now because this is where the money’s at. The money in the mortgage business is not longer at originating loans. Its on the other side of the business which is helping the lenders liquidate their bad debt, which is short sales!
I’ve found that it was very easy to train my processor to negotiate short sales for me because the process is similar with different nuances. The skillset that a person needs to be able to handle a bunch of files is very similar to a processor.
There is no one better to teach you all of these strategies than DC Fawcett and I emphatically recommend his coaching and materials. When I look back at my life and the accomplishments that I am most proud of, I have always had a coach to help take me to that next level. I had an excellent fundamental understanding of the short sale but soon realized I needed that extra edge in order to expedite my learning curve in order to begin helping clients in trouble while making some incredible money at the same time.
Take a deep breath, look at the numbers and what it will cost you to be coached by one of the best in this business, and know that your first deal will pay for it several times over. If you think you can’t afford it, realize the only thing you can’t afford is to skip this opportunity.
I‘ve had several experiences with real estate coaches and the thing you need to watch out for are the coaches that have been in the business for a long time because they are usually over priced and will not give you the personal attention that D.C. gives to his students enabling them to be extremely successful.
His system is very easy for anyone to implement and it’s scalable so its works great if you want to do this business part time or you can hire a full staff to do everything for you like D.C. does. He doesn’t even see the houses he buys and sells! That’s where I want to be and he’s helping me get there.
I would recommend to anyone that wants to increase their income in today’s market to get D.C. Fawcett’s information and coaching. You’ll be happy you did!
Jason Medley
Tampa Bay, FL
Get your Free Short Sale Course Right Here: FREE Short Sale Course
