Make Gazillions with Judgments or Foreclosures
Quite a few of you are looking for how to buy foreclosures information. Then again many are looking at judgment recovery courses.
How to buy foreclosures? That's easy to figure out. Are you out of your freaking mind. Its cheaper to buy retail sales than it is to buy foreclosures. The past owners often leave angry. The house can have hidden issues. Finally, the rental market is imploding. Owners that can't sell their homes are now your competition. And profit isn't an issue for them.
If you're thinking of getting a judgment recovery course, there is only one answer - the one we have.. That is because this program is like no judgment recovery program out there. Imagine if you could buy judgments for 10-20% of their value, knowing that the debt was already collected and being held in trust! That's the power of this program.
You can do the same thing with second mortgages - even when the first mortgage foreclosed! What!.
The best part? You don't have to collect the debt from people. No need to threaten. No need to garnish. No need to attach liens. No kidding.
In some cases you're getting money back to ex owners of foreclosed properties.
This can be tens of thousands of dollars.
The income we're looking at is crazy.
To good to be true, right?
What are we talking about, you ask?
It's all possible through foreclosures. When a home is foreclosed upon, the foreclosing entity - usually a bank or mortgage company - is attempting to collect on a debt by selling the property. In the majority of cases, the home sells for less than the debt that is owed on the property. Most of the time. Not all of the time. But houses do sell for more than the debt load, more often than you think.
Have any idea who gets those excess proceeds? This is a well guarded secret. The mortgage company doesn't pocket it. Instead, the mortgage company has their substitute trustee send the surplus funds to the clerk of the court.
The moneys are put into a general county money account. This remains there for a few months, before it is sent on to a county run investment account. The county is allowed to pocket the interest earned on these monies while they hold it.
Eventually this is sent on the State. The state treasurer holds the money in trust, and is also allowed to keep the interest on these monies. There the monies remain until claimed.
But, back to how this relates to judgment recovery.
The first mortgage holder is generally the foreclosing entity. They get whatever is possible from the auction. The amount of money overage is divided up among folks who have a verifiable claim on this overage. In most cases a 2nd mortgage holder is next in line. This is because the mortgage company would not have loaned on the property if there was a judgment in front of them. After the mortgages, judgments line up with their hands out. Order of importance is decided by the date the judgments came into being. First in first out. As an example, let's say that there was no second mortgage, but there was a judgment against the property. In this instance you would buy the judgment from the judgment owner. They don't know the money is already in trust just waiting. Judgments can be bought for ten cents on the dollar.
You can then use your ownership of the judgment to make a claim against the surplus funds. Boom - you just got a 400-900% return on your money, in about 2-3 months.
Next example. Say that there is no judgment or mortgage in place against the money. Here the property owner at foreclosure is the one in line to get the monies. Make a deal with the ex-owner and double your money back.
Its easy to find these guys. They committed no crime. .
Finally, if you need money to fund the deals - buy the owners or claimants interest in the surplus - that is also provided.
Its a steal of a course for under $300. That's going to change to $497 by April 1, 2010. A locator version - which includes all you need to get started - is available for $147. That will jump up as well, to $247, at the end of March 2010.
Just incredible to be able to claim ownership of the surplus for a small percentage. Don't forget - you're not a debt collector. There's no stalking, no debt collection calls, no garnishment....
Why be a debt collector when you can recover money for higher profit and no stress.
Hurry up and get the program at the link below:

judgment recovery courses





Judgments/Foreclosure System