October 01, 2008
Vol. 1. Issue 7. 4th Quarter, 2008
This E-zine is for anyone interested in creatively financing the purchase or sale of a property. Whether you are looking for help with your first home sale or something much more substantial, the insider tips, tricks, and techniques shared here will give you a very deep and personal understanding about the many ways to finance a property without the need for a bank or a mortgage lender.
Subscribe to The Seller Financing Insider for News, Views, Tips, Secrets and More brought to you for free every quarter from Keith S. Donald at TDO Properties, LLC.
Everything is designed to help you achieve your goals of property sale or purchase with creative ways of financing your properties (single family or multi-family) with the innovative and effective use of promissory notes and other creative financing alternatives.
In The Marketplace Today
- New home sales in the U.S. plummeted 11.5% in August, to their slowest annual pace since 1991. Now 34% lower than this time last year, the pace of new home sales has ground to “only” 460,000 units a year.
-Year over year, the median price for a new home fell sharply too. It’s down $40,000, to $221,900.
- “We are about to enter the toughest environment that I have ever seen,” management legend Jack Welch said this morning. “This economy is deteriorating… fast. I now believe we are in for one hell of a deep downturn.” The former GE CEO predicted recession in 2009, forecasting the first quarter of next year to be “brutal.”
-A $700 billion dollar rescue of our financial sector??? From Wall Street to Main Street, everyone is affected.
In This Issue:
-The $700 Wall Street/Main Street Bailout
-Mortgage Lending In This Environment
-The Bad News and The Good News of Mortgage Finance
-New Developments
-In The News
-Notable Quotables
-Solutions To The Financial Crisis
The $700 Wall Street/Main Street Bailout
You’ve seen how beleaguered lenders are still snapping their wallets shut to survive, and denying loans to all but a handful of super-qualified borrowers. This is the time we have been preparing for. Cash-Now-Seller-Financing.com provides solutions for the problems that have overwhelmed the housing and financial markets.
Despite the panic in Washington, the effective nationalizing of much of our financial sector, and the outcome of the Secretary of the Treasury's bailout plan....
- Mortgage defaults are still soaring faster each month.
- Banks that invested in these failing loans are still suffering massive losses and hiking credit requirements on new loans in sheer self-defense.
- While credit requirements are soaring, corporate and consumer credit scores are plunging. RESULT: Every day, fewer people are able to borrow money.
- Consumers, battered by rising unemployment, high food and fuel costs, fuel availability, and a credit drought, are avoiding discretionary purchases like the plague.
- And thousands of U.S. companies that manufacture and sell consumer products are suffering plunging sales.
That's the bad news. Unfortunately that's not all of it, but it sets the mood.
Now For The Good News!
In the midst of all of this chaos is one important truth. The consumer has choices. Regardless of what happens in the financial sector property sellers and buyers do not have to depend on a mortgage lender or banker to fund their transaction sale.
,br> This is the time we have been preparing for. Fund your buyer, close your sale, and get your cash with Cash-Now-Seller-Financing.com!
Our Cash Creation Strategies help you fund your buyer whether you have:
*a mortgage
*no mortgage
*lots of equity
*very little equity
We can get your deal closed whether it takes CASH or TERMS.
New Developments
Introducing Strategic Alliances for Real Estate professionals. No longer be held hostage by the buyer's funding. The Seller/Owner of the property can literally be your financial salvation in this incredibly unstable market.
If you have a deal that was not, or will not be funded because the buyer could not bank qualify, just contact us immediately to review the submission package. We can quickly determine how we can help get the deal closed!
Time is money so don't waste it. You should have a buyer with a down payment, the ability to pay, and a job or business. A successful completion means:
-The property seller gets a sale.
-The buyer gets a home.
-The Realtor gets a commission.
-We get a win-win situation and happy participants.
There is no cost for us to review your deal so contact us immediately.
http://www.cash-now-seller-financing.com/contactus.html
404-713-1435
In The News
Lenders raise standards for purchasing a house. http://www.news-press.com/apps/pbcs.dll/article?AID=/20080922/BUSINESS/309220001&template=printart
Who wins, who loses under proposed bailout plan? http://biz.yahoo.com/ap/080929/rescue_winners_losers.html?.&.pf=banking-budgeting
Notable Quotables
"Most people are not as smart as you think they are; and they are not as smart as they think they are either." -Anonymous
"It's not nice to mess with Mother Nature" -Mother Nature
"The best angle from which to approach any problem is the try-angle." -Anonymous
Simple Solutions To The Home Financing Crisis
-Confirm the home owner's ability to pay
-Modify the loan accordingly
-If they cannot qualify, move out and move on (deed in lieu of foreclosure)
There are lots of alternatives to consider. The best one depends on the situation of the the borrowers. It is OK to go "outside the box" with solutions in these cases.
Investors should be concerned about the return of their capital much more than the return on their capital right now. Minimize your losses, re-establish cash flows, and look forward to an early refinance of the property.
A $700 Billion Taxpayer Quid Pro Quo
The Secretary for the Treasury, Hank Paulson, has asked Congress to authorize $700 billion as a bailout for those banks that have invested in sub-prime mortgages and other toxic assets.
Congress should be motivated by the needs of its constituents. The very constituents that elected them to represent their needs, concerns, and issues in Washington, D.C..
In the face of what has been described as the greatest financial challenge to this country since the Great Depression, we must ask "Whose problem is it to solve?"
Here is an idea. Rather than think of this as a "Financial Sector Bailout", where the U.S. Treasury buys $700 billion in unspecified assets, let's become a lender instead of a benefactor.
No one is more aware of the nature of the problems we are dealing with than the people in the financial trenches every day. How about extending a $700 billion line of credit to the financial services sector for instructions to clean up the mess
they created. In addition to some extremely invasive oversight we will also charge a punitive interest rate like the credit card companies charge. (10% to 20% is within the normal range.)
By the way, the proceeds collected from Wall Street can go directly to the reduction of the federal debt or the general fund. With a solution like this one the taxpayers are not taken advantage of, we can actually measure the effectiveness of the plan while reducing the debt, and the people responsible for this fiasco are motivated to solve the problems they created. After all, they have been getting paid the "big bucks" for years. Now it's time to really earn that money.
There are many lessons learned from failure. If nothing else you learn multiple ways not to conduct business. A bailout is not the answer. You can call it "tough love" if you like. Just remember, all choices have consequences.
You Might Like To Know:
The Mortgage Lender "Implode-O-Meter" Tracking the housing finance breakdown: a saga of corruption, hypocrisy, and government complicity
http://ml-implode.com/
The most compelling message we can give to you is this. You have the power, ability, and the resources to solve your property financing challenges....without the need for a bank or a mortgage lender.
This is the scenario we have been preparing for the last two years. Where do you go when the bank says no?
www.Cash-Now-Seller-Financing.com No Banks Are Needed When You Sell Or Buy!
There are plenty of property sellers so home buyers are welcome!
Get the details about The Secrets Of Selling Your House FAST In Good Or Bad Markets. The complete professional services and information package is valued at more than $1,200. If you act quickly, you can get this one of a kind E-book at an unbelievable discount. Once you have this information you will wonder how you ever got along without it. For details just click on the link above.
It does not matter whether you are selling or buying a property. Whatever your challenge may be, share it with us and let us see what we can do. Maybe we can help. You will be anonymous, only your unique situation will be revealed. Everyone can learn and benefit from creative solutions.
Just send your responses to: The_Seller_Fincing_Insid@cash-now-seller-financing.com