Real Estate Investing with John Alexander

http://money.cnn.com/2007/10/12/real_estate/mortgage_alliance/index.htm?postversion=2007101216 CNN report on another blunder in the buyer's market


In the mean time, the only cure for people in preforeclosure is easy to work out by two simple... and already in place, actions.
1. If the homeowner truly had a short term income/expense problem and is no over it, then any bank will work a 25%-50% down payment toward the back payments and legal fees... and monthly payments on the remainder over the next 12 months until they are caught up.
2. If it is otherwise and the homeowner doesn't have the ability to make payments and get caught up, then they need to quick sale to an investor or at least deed the home back to the bank and try to prevent a deficiency judgment for the bank's loss.

It is not and should not be on the tax payers to bail out the mortgage companies nor the people that bought homes they couldn't afford. Unless the tax payer wants to continue paying for people's home mortgages, the government needs to stay out of curing the past problem and only deal with passing measures to prevent the bad practices of lenders from continuing to do "bad business".

In the mean time, this is actually what is happening. The government is beating the drum of fixing the problem while really doing nothing other than pressuring lenders to clean up their house. Which means that foreclosures will continue at the highest rates ever until the last "bad loans" are either refinanced, or sold and paid off. This gives us the investor community the real power to fix the problem. It has always been up to us that pick up the pieces of "homes and loans gone bad" and resale them to a family that can actually "afford" the home and achieve the American Dream of Home Ownership.

In my current training series in Level 2, I'm teaching how to pick up these shattered dreams and fixing the problem before anymore harm is done to either the homeowner or the economy. My Inverse Purchase Land Trust System is the cure to the current mortgage and foreclosure crisis. This system works on the basic principals learned at Level 2 Inverse Purchase Boot camp on Video found at http://www.johnlivetv.com/