This article shows you a little known but desperately sought after business that you may be able to start and run from home.

It all starts with the reality of mortgages and resets. Resets are the sudden change in interest rates and payments on loans that are somehow adjustable.

These don't just include subprime loans. Let's look at the facts.

Mortgage resets are increasing

We are only in the early innings of mortgage loans resetting to higher payments. This chart shows that it is all loans, not sub-prime in particular. In fact, prime and "alt A" and everything…variable loans and option loans and neg am and all of that — were used in millions of loans that are now going to reset to much higher payments.

About 1/3 of homeowners who bought in the last five years owe more than their house is worth…

According to this Bloomberg article. Why should these people continue paying a mortgage payment they cannot afford, on a house that is not worth what they owe?

…and still, house values are falling and will continue to fall

This chart shows us how house values continued in a mild upward path from at least 1963, until they exploded around 2001. Now prices are in the midst of falling back to their historical prices.

If they continue falling, they could well end up down another 30% or so. This is to be expected.

People generally would rather stay and get a payment they can afford, rather than move.

Moving means taking kids out of school, packing up, finding something else…moving is so stressful it ranks right up there with losing a job and getting a divorce. It is one of life's most stressful events.

The banks are desperate…and no wonder

How far will the delinquencies and foreclosures go? Nothing like this has ever been seen before.

If you can ride this wave, can you make a lot of money helping people get their loans modified and stay in their home?

Because…

Will there be a huge rush by lenders to get people lower payments and adjusted principal balances? And will you be ready to ride the wave?

Lenders are becoming desperate. And that means they are going to become more and more willing to modify people's loans.

Loan mods involve:

• Lowering interest rates
• Taking arrearages and tacking them onto the loan balance, or getting rid of them altogether
• Lowering payments
• Altering the maturity of the loan
• Taking a loan that is resetting to a higher interest rate and freezing it
• And much more.

Welcome to the business nobody knows about…helping people get their loan mods

Lenders and servicers like Countrywide are inundated with requests for help from borrowers who cannot afford their loans.

 

So says the New York Times. And:

 

Through the first six months, Countrywide has performed 86,000 loan modifications…it is completing more than two workouts for every completed foreclosure.

 

The need for loan mods is exploding. Lenders are desperate. Homeowners are desperate. What we need are more folks who can successfully enter the business of doing loan mods for other homeowners for a profit.

However, up until now, it has been hard to get into this business. There are two major obstacles.

This business has been difficult to break into due to lack of knowledge (secrets) and legal roadblocks

One roadblock to this business has been lack of knowledge of how it works. The other has been legal roadblocks.

It turns out that many states have foreclosure rescue statutes, or foreclosure consultant statutes, enacted by well meaning lawmakers to curb massive abuses by a few predators.

These laws usually say you cannot charge anything up front to homeowners in foreclosure, or in a delinquent loan situation.

In addition to this roadblock, lack of knowledge of how to enter this business and what it entails has stopped people from getting into it.

What if you could get a tutorial from a highly successful entrepreneur who has figured out how to make money doing loan mods, and how to work within the new laws?

Because of my unique position in this industry, I have access to the best entrepreneurs and professionals in the loan mod and loss mitigation field.

I have taken the best approaches that are working, and have packaged them into a simple, A-B-C home study course. This course teaches you how to modify a loan and how to get into the business of doing loan mods for other people. So that means you can…

Do loan mods for profit, either full time or part time

You can start part time. Get a client, do the work. Get another client. While you keep your present job.

Are you a mortgage broker or loan officer? This may be a great way to get started. Check with your lawyer or regulatory agency to make sure you get started right.

Are you a real estate agent? Is there any reason why you can't help someone who desperately needs you? Check with the authorities in your state. This may be a huge opportunity for you.

Do you hate paperwork? Are you less than perfectly organized. Then I have good news for you…

How to do loan mods without doing any of the work

I have a back office firm that will do the loan mod work for your client at a negotiated wholesale rate. I do not receive any commission or compensation for this. As part of the course, I connect you with this firm so you can do business at this special rate.

You charge x, and pay y, and pocket the difference, which can be quite a considerable profit.

That way, you aren't bogged down talking to lenders (although it really isn't hard) and you don't need the infrastructure to do the actual work.

Click here to order and get the Loan Mod Magic course FREE (until Midnight August 29th and only first 100 ordered)

warmly,

 

 

 

P.S.  My Mortgage Relief Formula course has information in it about how to sell a house, any house, in 9 days, and also about credit card debt settlement and short sale negotiation. It is an essential tookit for you if you are either in the business of real estate, or if you are an investor, or if you are a homeowner in trouble.

You can get it on a 60 day home trial. SImply try it out and decide later if it is right for you. Don't buy it. Just try it out. You have zero risk. I will buy it back from you for every penny you have paid for the course any time in 60 days.

Help yourself and help others. Hundreds of Realtors, real estate investors and homeowners use my info to help themselves, their families and others.

And if you want to get some important information on short sales and 9 day house sales and saving your credit and buying with no money and no credit…even settling credit card debts for a dime on the dollar…

Please watch this video on short sales and foreclosures. This is a screen shot — just type in your email and I'll get you to the real video. It's geared to homeowners and Realtors who want to know everything they can about short sales. And it is the tip the iceberg…

 

 

 

Charts courtesy of ContraryInvestor.com and iTulip. Disclaimer: I make no claims as to how much you can make or legalities. You need to do your own homework and you are fully responsible for any outcome. I try to be accurate but I cannot assure you that everything I say is correct or legal.