Today in St Louis - April 5, 2007

Real Estate Agent with Platinum Realty 1999090686

Dennis, Kim & I went to a seminar this evening.  It was a seminar on the foreclosure market.  Following are some notes from the discussion.  We have signed up to take the three-day class - $199 for two people did not sound bad at all.  We shall see... If we just learn a couple of things, it will be well worth it.

98% of millionaires are made from dealing in real estate.

250,000 homes nationwide went into foreclosure in 2006.

3.5 trillion dollars are going to be readjusted in 2007.

One million homeowners will see their payments double this year.

There are three times to buy:

1.  Before - pre-foreclosure

2.  During - at the auction

3.  After - REO - bank owned

You can live in a state of lack or a state of abundance.

Mindset is a choice.

Have the occupancy inspection on the downstairs unit on the Miami property tomorrow.  If that goes well, and it should, we will possibly have it rented by this weekend.  Spent this afternoon on finishing touches.  After this weekend, I plan on starting on the upstairs unit across the street.



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R. B. "Bob" Mitchell - Loan Officer Raleigh/Durham
Bank of England (NMLS#418481) - Raleigh, NC
Bob Mitchell (NMLS#1046286)

Hi Tim!   Nice to hear something positive about real estate foreclosures!

R.B. "Bob" Mitchell

ValueList Real Estate Services, Inc. 


P.s.  Don't look now, but I'm catching you!  :-)  Keep writing!  (I'm teasing you, I checked the other day and you are one of the four who are ahead of me in the St. Louis area on Activerain) 


Apr 05, 2007 03:36 PM #1
Lizette Fitzpatrick
Lizette Realty - Richmond KY - Lexington, KY
Lizette Realty, Lexington KY MLS - Kentucky Homes
One of these days I plan to buy one at auction. One of my girlfriends bought a forclosed farm on the court house steps. What a deal THAT was!
Apr 05, 2007 03:53 PM #2
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Tim Tanz

St Louis Real Estate
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