I am presently negotiating short sale transactions in which the homeowners have not made payments for almost a year
Portland, OR (PRWEB) August 16, 2007
Rapidforeclosuredata.com is a new website that gives buyers a look at overmortgaged properties before they are listed publicly as part of the foreclosure process. Launched this month, it is the first website in the US offering preforeclosure data in an easily accessible and easy-to-use way.
Advanced Real Estate Concepts, LLC and rapidforeclosuredata.com founder, CEO and Real Estate Entrepreneur Oscar Morante, specializes in fixing problems for over-mortgaged property owners. He has been offering his "Short Sales A-Z," seminars for four years and is a leading expert in converting short sales into tall profits.
The current environment of short sales and its immediate future is better than it's been in decades. Many homeowners and institutional lenders have been caught off-guard by the recent developments in the housing market. But savvy investors can turn a good profit by helping buyers retire mortgages they can't pay while allowing lenders to recoup a good part of their risky investment.
"I am presently negotiating short sale transactions in which the homeowners have not made payments for almost a year," says Morante. "The most interesting thing about this is that these clients are not yet in foreclosure. In Portland, Oregon, where I live, the foreclosure process lasts 120 days. This means that if the creditors start foreclosing today, these homeowners will have at least one third of a year to live at the property for free. Banks must not want to foreclose."
The Short Sales A-Z seminar is offered up and down the west coast. Many of the investors and agents who attend the classes have noticed the same thing Morante has. Last year, banks would have started foreclosing right away. Nowadays, it is very common for creditors to wait almost a year to actually begin foreclosure.
This phenomenon is increasingly common. Morante offers the following non-scientific calculation based on recent experience: "Lets look at the neighboring Santa Clara and Mateo counties at the south end of the San Francisco Bay area. This is a good area to analyze because it is one of the most affluent areas of the United States, and also where real estate values escalated astronomically in the early 2000s. My analysis is that if properties can be identified before they are in foreclosure, an investor armed with this knowledge can be prepared to act before others.
"Make your own conclusions," suggests Morante. I selected two very similar counties in a part of the country where real estate is supposed to be relatively stable. I am using this information to make my own investing decision in my own part of the country."
- Creditors who made bad loans.
- People who invested in those banks.
- Homeowners who paid too much for properties.
- This is definitely a buyers' market. Consumers and investors will have the chance of their lives. In real estate you make money when you buy and you get paid when you sell.
- Anyone who can provide a solution that mitigates the losses of those who are losing is offering a valuable service. This includes short sale experts, real estate and bankruptcy attorneys, and astute lenders.
Now Morante is offering a new, extremely useful tool for investors to use to identify potentially profitable purchases of foreclosed properties. The market is currently rife with opportunities for profit and this information source gives offers investors a head start on executing short sales opportunities.
About Advanced Real Estate Concepts:
Advanced Real Estate Concepts, LLC was founded by Oscar Morante in 2004. The company's mission is to acquire over-mortgaged properties that have gone into pre-foreclosure by getting lenders to discount debt in order to mitigate risk of loss at auction. Oscar has developed proven techniques and strategies for success through short sales investing. While continuing to develop his real estate business, Oscar is sharing his success with others through offering educational short sale seminars. Oscar's Short Sales A-Z seminar was developed based on practical experience and his success in find solutions lenders and sellers alike. His mission is to continue developing his techniques with hands-on experience in the field of pre-foreclosure investing while creating well-organized and fully detailed short sales products that are educational for real estate brokers, Mortgage Brokers, and Real Estate Investors. For more information, visit us at our website BestShortSales.com.
To learn about upcoming Short Sale Seminars link to: http://www.bestshortsales.com/events/enroll.html.