As you know, Bill and I are dedicated to your success – especially during this insane market. Have you been keeping up…the DOW is up, the DOW is down, the government is bailing us out, the car companies want money now, we have a new president, and it just goes on and on. Personally, I’m ready to shoot the TV .
I looking forward to watching Christmas shows that bring back childhood memories – Rudolf the Red Nosed Reindeer, The Grinch, Charlie Brown’s Christmas, White Christmas, and the rest of the old shows . I just want to give my brain a rest from all the negativity. As we all know, life goes on and so does our exciting business. The only thing I like about the news anymore is that it excites me to see the possibilities our business can take. As the market crashes further, our business grows daily…
We are really excited about the next call. We are going to teach you how and why to use:
You will learn the top 10 reasons why this agreement will keep you from a lawsuit. Sadly, slimy investors come out of the woodwork during times like these. It is our responsibility to treat the homeowners fairly and with dignity. We have done over 500 deals using this agreement and have not had one homeowner who was unhappy. It is an agreement to agree and goes beyond the Sales Contract.
THURSDAY, DECEMBER 11, 2008 AT 6:00 PST, 7:00 MST, 8:00 CST, 9:00 EST
Here is what you can expect to learn…
In addition, take a look at what else we will cover…
- What are the three things homeowners want?
- The mindset of the homeowners – what mode they are in and how to recognize it.
- What do the homeowners sign?
- Where do the homeowners sign everything and when?
- The ultimate “agreement to agree” – your biggest asset in this business.
- Why do we use it?
- When we use it and when we don’t.
- Should the homeowners stay or go?
- Why would we put things in writing with someone so volatile?
- Covering your back!
There are two variations of equity skimming, both of which not only result in the borrower losing their home, but much of their cash, too.
In both situations, the investor convinces the borrower to sign over the deed to the property with the belief that the investor has a legitimate plan to straighten things out.
One of two things happens next:
- The homeowner stays in the house paying rent to the investor.
- The homeowner moves out and the investor rents the house to another party.
In either scenario, the investor collects rent, but doesn’t pay the mortgage (as originally promised).
The result: The mortgage defaults, the house goes into foreclosure, and the investor skips off with the cash.
When news like this hits the front page of the Internet, every investor in America is under scrutiny. Being on this call, will keep you above and beyond the letter of the law. Friends, you can’t afford to have any problems in a market like this.
Register right now for our next call…
We only have 200 lines and every call has been sold out. This one will fill up today, so register now.
Register Here (* required fields):
From the Heart,
Bill and Dwan Twyford
PS – if you have an extra minute, read this description of EQUITY SKIMMING from the HUD website. If this doesn’t scare you, nothing will! www.hudclips.org
|U. S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT|
WASHINGTON, D. C. 20410-8000
OFFICE OF THE ASSISTANT SECRETARY FOR
TO: ALL APPROVED MORTGAGEES
I am particularly concerned about the recent recurrence of a scheme to defraud FHA mortgagors and the Government out of their interest in FHA-insured home loans. Our Inspector General has identified a series of instances where unscrupulous investors have set up schemes to prey upon homeowners in financial difficulty through “equity skimming.”
We need your help to alert FHA mortgagors to the dangers these schemes pose. Your effective loan servicing is the indispensable first line of defense to prevent these frauds. Timely contact with homeowners in financial trouble is beneficial to all.
We have prepared the attached notice to alert homeowners to this very real problem. Please send a copy of this notice to all mortgagors who are presently in default and who owe at least two full payments. This is meant to be a one-time mailing to those mortgagors who are now in this stage of default. However, we would encourage each mortgagee to provide the notice or the information therein to mortgagors who may enter a default status in the future.
We plan to include this information in the pamphlet entitled, Avoiding Mortgage Default (HUD-426(PA)), which mortgagees are required to furnish mortgagors in default.
Since equity skimming on FHA-insured mortgages is a Federal crime, I also urge you to report instances of it that come to your attention to the HUD Inspector General. Your cooperation in this effort is appreciated and will, I am sure, directly benefit all parties.
Federal Housing Commissioner
U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
OFFICE OF THE ASSISTANT SECRETARY FOR
A MESSAGE FROM THE FHA COMMISSIONER:
“Beware of False Promises”
Please read this and be aware of possible schemes that could cause you to lose your home, your equity and/or your credit rating.
Recent investigations revealed an “equity skimming” fraud scheme which targets homeowners. Homeowners trying to sell their homes on their own are sometimes in a hurry to sell because they are having financial difficulty. Although the first offer may be perfectly legal and to your satisfaction, be alert to the following examples of how some “buyers” may take advantage of you:
Homeowners can avoid being victimized by watching for the following warning signals:
You can avoid being victimized by taking the following precautions:
Homeowners with financial difficulties are vulnerable to the so-called “quick fix.” But, if you want to save your home, don’t be fooled by the equity skimmer. Seek guidance and assistance from reputable and concerned parties.
IF YOU BELIEVE YOU ARE BEING DEFRAUDED, CONTACT YOUR LENDER, OR THE
*U.S. Government Printing Office: 1985–529-801