Deed grabber, your way to make crazy money?
Or maybe not.
You'd better ready this article first. Yes the program works, but not without limits. That's okay. Read about the system and about the killer program that blows it away.
First, this will not work in every State. Why? Because it has to be a trust deed state for this to work. This is because in a trust deed State the owner of the deed is the owner of the home in the eyes of the law. It is separate from the debt. As a result, you can buy the deed from the current deed holder and therefore become the owner, without regard to the mortgage. You're ownership does not preclude the mortgage company from foreclosing on the property. The ownership alone isn't where the power comes from. It is, in fact, the rights and privileges that come from being the owner. Chief among these rights is the right of redemption that an owner enjoys if and when there is a foreclosure aution on the owner's property. This right is very, very important. Because the deed gave you ownership, you can now purchase the home just for whatever debt is against it that the county or the mortgage company is trying to collect. Of course, this has big implications. If there is equity, you can cash it out. The obvious main choice here would be to pay it off and then just flip it - sell it for profit. Option two is to resell the deed at the foreclosure sale to a bidder at the sale. They can then redeem the property and you can sell the deed for a serious hit and save the bidder money too. You and the bidder win and you get money right now. You have to put in serious research with this. Title work and a comparative market analysis from a realtor are key. That way you know the debt and the sales price. Only then can you project income. Before I tell you the third way to capitalize on a foreclosure, you need to understand what happens when a property forecloses for more than what is owed on it. Do you know where the surplus funds aka excess proceeds go?
Generally, the overage is given over to the court or the sheriff's department. The court or sheriff is then supposed to notifiy anyone who might qualify as the rightful owner of the overage.
The system is, however, really flawed. First up are mortgage holders or equity loan holders other than the mortgage that foreclosed on the property. These guys are usually the first ones in line for the money. They get notified. Know how many 2nd mortgage and equity loan companies went out of business? A lot. So the new 'owner' of that debt doesn't respond.
Judgment and lien holders are also given notice of the surplus funds. Most judgment holders have given up and don't think they have a shot at the money. They don't claim. Ex-owners can even have rightful ownership of this money. But the court sends a letter to the address that they consider to be last known. That's right - the court sends notice to the address the owner got foreclosed on in. Do you believe the ex-owner will get notice at that address? Even if they used the mail forwarding system with the post office, they're not likely to open a letter from the court.
That money is held 'in trust' for years and years - in many States, in perpetuity! Did you know that there is a method that allows you to claim that money without falling under finder laws? Of course, this is by far the best profit system on the planet to harness surplus funds. With our course, you'll learn how to identify the overages and figure out who to make a deal with for the cash being held. You send us the file, the breakdown of ownership and the contact info. The folks are not criminals, they aren't hiding. Our staff will cut a deal for you and give you a crazy high referral. We pay you as soon as we cut the deal. We pay you before we even get the money out, no kidding. The average deal we're working on is a $20,000 surplus. That's $2,000/case.
That's why we can not recommend deed grabber. This is way better.
Ready for a big change for big money?
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deed grabber
"I used to have a mammogram every year and I just let it slide. I thought: 'I'll get to it'. I didn't realize it had been four years. I would encourage women to have mammograms if at all they can afford it." -- Martina Navratilova on finding out she has breast cancer.
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