Hi,

I want to touch upon a few reasons why loan modifications don't work for some people.

Even though they are designed to help when people can't pay their current mortgage (for the various reasons), many times other factors are involved that contribute to them not being able to keep up the payments still, even after the loan mod. For instance, some may have other debts that they need to pay as well. Many have a mountain of credit card debt. Many also have car notes. Some other things will have to wait when a car payment is needed to be made, because without their car, some people will not be able to get to work so they can keep paying "whatever". Yes, there is public transportation, but not all jobs are accessible by bus or what have you.

Then there are those who cannot pay the loan mod because they lost their job. Unemployment does not cover everything that their full-time employment did, in many cases. Then that's only temporary. It will eventually run out, and unless they can replace that with a new job of equal or better pay, it may be out of the question for the loan modification payments to be kept up in the long run.

Some people see the writing on the wall, and walk away from their homes. They figure, why prolong the inevitable. But rather than letting their home go into foreclosure, they should consider selling it through a short sale. Sure, it will be a negative on their credit report for awhile, but a Foreclosure is even worst. It will be much easier to get another home down the road if their home was sold through a short sale, than if it was actually foreclosed upon. So, a short sale is a much better option than a foreclosure for some people.

People should not wait until it's too late though. Once the foreclosure is in the works, it may not be possible to stop it.

Those are just a few of the reasons loan mods don't work for all people. There are several more that you can find if you do a little research. That is why it is so important for real estate investors to be properly trained in short sales, so they can help these people. Not all investors that are doing short sales know what they are doing. Without the proper training, many of the short sale deals that are not properly done are getting all the way to the closing table, and dying at the closing, because the investor did not do something right. Then the home ends up going into foreclosure anyway.

There are thousands upon thousands people that are going to be in the situation that their loan modification is not working, or they see it faltering in the very near future, and are looking for a way out through a short sale. That is why it is so very important for more properly trained short sale investors to be available to help these people. The real estate agents will love you for it, because they are desperately in need of help with these short sales. They do not want to be on the phone negotiating with the banks, yet many have no choice because nearly 40% of their listings are short sales.

Properly trained short sale investors will be helping the home owners as well as the real estate agents who are swamped with these short sales.

Well, the "catch 22" here is that the mid-ranged properties are swamped with short sale investor competition. Lots of gurus are teaching the short sale strategies. But most investors tend to stay around the mid range or lower properties. That's why in our program, we are advocating the high end (luxury) properties. Not a lot of competition up there at all. Yes, they do need help too. These sellers have their own set of financial problems (unlike the lower end home owners). But it is harder for them to get investors to take on their short sale because of the fear of the high price tag.

In our program however, we have a course specifically for flipping High End short sales. Other investors don't know how to get the buyers for these high end properties, which one of the reasons they shy away from them. But our program teaches members how to get the buyers for these higher end properties, with some unique strategies not being taught anywhere else.

While this high end opportunity is still available, I encourage investors to get the proper training to capitalize on it. There is a small window of about a year, so now is the time to get involved.

The banks bend over backwards for the investors who want to negotiate the high end properties, because THEY DO NOT want to take them back. So, going after the $500,000 plus properties are the best bet. Flipping both high end 'residential' and 'commercial' properties using our techniques and our funds, is going to create a lot of Millionaires within the next year.


JoAnn