Raleigh-Cary foreclosures up; MSA in middle of pack nationally (Source: Triangle Business Journal)

The Raleigh-Cary Metropolitan Statistical Area finished middle of the pack in a recent survey of foreclosure rates in the nation’s 100 largest MSAs. Raleigh-Cary had the 51st highest foreclosure rate in the RealtyTrac ranking, which measured the number of homes entering some stage of foreclosure in the 2006 third quarter. According to the study, Raleigh-Cary recorded 862 total foreclosures in the third quarter, or approximately one for every 382 households in the area. Foreclosure activity in Raleigh-Cary was up nearly 6 percent from the second quarter. The Raleigh-Cary foreclosure rate was slightly better than the national foreclosure rate of one home for every 363 households. More than 318,000 homes entered some stage of foreclosure during the 2006 third quarter across the United States . The Charlotte-Gastonia MSA reported the highest foreclosure rate of North Carolina metros included in the report, with one foreclosure for every 250 households. Charlotte ranked 33rd highest on the list. Greensboro-High Point — the only other North Carolina metro on the list — had the 16th lowest rate on the survey, with one foreclosure for every 923 households. The Detroit-Livonia-Dearborn MSA in Michigan posted the worst foreclosure rate in the nation, with 10,316 homes entering foreclosure during the third quarter, or approximately one for every 80 households. RealtyTrac is an online marketplace for foreclosures.  

Savvy Investors Profit from Rise in Foreclosure Rates (Real Estate News)

Foreclosures experienced a 72% rise since the beginning of 2005

U.S. mortgage companies are headed for total collapse – here are the reasons why?

The refinancing bubble has burst. As people just cannot pay their mortgage with home equity (prices) falling and short-term rates rising, the mortgage-banking sector is in total collapse. The mortgage default rates in February seem to be higher than January, which was a record any way. The backfiring of excessive risk taking (typical of the bubble, it has happened before in 1920s and mid eighties) is so severe that the mortgage banks will soon ask for Government bail out. Fannie May is also in trouble. Federal Reserve is scratching its head to find a way out of the real estate and mortgage banking mess. The biggest part of the problem has not started even! The mortgage defaults will cause the banking sector to collapse and will drag the economy to its knees. All on a sudden people will realize it’s the song of deflation not just disinflation. At that stage the economy will get depressed and the real trouble will start as underemployment changes into outright unemployment. The defaults in mortgage payment will rise to levels far exceeding 1929-34. The mortgage banks will go belly up. In the main street, there is a tremendous hatred and opposition against mortgage brokers and bankers.  

Suffering of blacks on foreclosure in USA!

The news article by Jason Szep on Tuesday March 20th stated clearly that racism prevails in many areas in USA where they suffer most from the foreclosure increments. In BOSTON a black couple Barbara Anderson and her husband have been under misery. They were one of the first few people to move into the white neighborhood, and the racism was such that people burned her garage in front of her. In 2007 Anderson came under a much different form of inequity as brokers of subprime mortgages started to attack on weak credit borrowers. According to Anderson these subprime lenders make deals of such nature that it leads them to bankruptcy. She says their home was almost foreclosed but another bank gave them a second chance and provided them with a loan. All this stress had made Anderson a patient of high blood pressure, headaches and stomach problems. This is happening in many areas of United States that blacks and Hispanics are given a high-cost, subprime mortgage when planning to purchase a home than whites; this becomes a cause of increase in foreclosures in deprived and mostly black neighborhoods throughout the country. Sometimes predatory lenders give blacks and Hispanics a high price loans even though they deserve a cheaper one because of their credit situation. According to Jim Campen, a University of Massachusetts economist the low income and poverty status of blacks and Latinos puts them in the group where they receive higher percentage of subprime loans; however some lenders add a 3% interest rate on top of this which leads to foreclosure many times.  

Tax Liens Are Checks You Pay Yourself…If You Know This Secret

Tax liens are not understood by very many people and that means big opportunity for you if you know what to do and where to go to get your hands on these incredible money making deals.  The tax lien process is somewhat different for every state and so it helps to be guided by an expert, someone who has been there before and who knows the territory.John Beck is the perfect guide for the tax lien process because he has been there for over 30 years, first as a tax attorney and then as an investor.  He has literally purchased thousands of  properties from the tax lien process and knows this market inside and out.Tax liens are increasing as people buy more property than they can afford and end up losing the property to the tax lien process.  John Beck’s Amazing Profits system will teach you all about tax liens in an easy-to-understand format which will help you gain 30 years of experience by just spending a few hours a week working your tax lien business. 

Big Dream. Big Wall. Big Payoff.

John Beck’s Amazing Profits tax lien and tax deed business provides a step-by-step method of reaching your dreams.  It tells you exactly what you need to do to profit as a business owner in the thrilling market of real estate.  John Beck’s tax lien and tax deed business gives you the foundation you need to take control of your life and take control of your financial future. Succeeding in business is a lot like scaling the highest peaks in the world.  It takes preparation, perseverance and a knowledge of how to overcome various obstacles to make it to the top.  In the world of mountaineering, the term “Big Wall” is used to describe an ascent up a cliff lasting more than one day.  A Big Wall taxes a mountaineer’s endurance, courage and faith in themselves and their support systems.Mountaineering and specifically Big Wall climbing is the sport of reaching the highest peaks in the world.  It requires a number of skill sets as climbers must operate in a multitude of environments and overcome a variety of obstacles.  Those who decide to reach these peaks often spend years preparing themselves for the journey gaining the understanding, skills, team and confidence they need to succeed. As in mountaineering, a new business owner will also need to prepare themselves to reach the highest peak of financial independence.  This preparation will come as new ideas are learned, new skills are adopted and new confidence is gained.  A new business owner is more successful more quickly if they have someone mentor them, to show them the ropes and to more quickly teach them the intricacies of the business.  The John Beck tax lien and tax deed business and John Beck himself will be the mentor you need to more quickly scale your Big Walls towards financial independence.  John Beck is sincerely interested in your success and has put together a number of tools and other helps to act as your support system as you scale the Big Wall towards success.  All you need to do is trust in yourself and use the tools to reach the top.John Beck’s Property Vault is a tool that automates the scheduling and the sorting of various county tax lien and tax deed sales making it easy to get information about those tax sales close to home or at the other end of the country! John Beck’s Landbank was created to give John’s students a safe place to practice and learn this tax lien and tax deed business.  The Landbank is where John puts all his own personal picks into one place at wholesale prices!  Each of these parcels have been searched, screened, investigated and purchased so all you have to do is take the sample auction ad and use it to re-sell the property for a profit.  What a great place to learn from the master, John Beck, where to buy properties, the types of tax liens and tax deeds to buy and the marketing to be used to re-list it. John Beck has been working in this tax deed and tax lien market for over thirty years and he is actively investing and profiting from it today so he knows what it takes to scale the mountain and reach the peak of financial independence.  John Beck even offers his students the opportunity to work one-on-one with his hotline to answer any questions you might have as you begin to scale your mountains and climb your Big Wall to success. With these tools and with his comprehensive education, John Beck acts as a guide helping you every step of the way as you prepare yourself and gain the knowledge you need to overcome the Big Walls in your life and reach the peaks you dream of.  Don’t ripoff your future by not taking advantage of these tools developed to help you reach your dreams.  The biggest scam of all is letting fear determine how far you reach towards the summit.  You only live once.  Live big by nurturing Big Dreams, scaling Big Walls and reaching the Big Payoff.    

John Beck’s Seminar in Vegas A Guaranteed Jackpot!

The John Beck Seminar gives you a chance to hear from the great master himself as he teaches you about his cutting edge techniques that have generated an average profit of over $1,800 per property! The John Beck Seminar will teach you the latest secrets of success and will give you the tools you need to buy properties directly from the owner before they go to auction and before other bidders drive the price too high.  At the seminar you will hear John teach you directly how to profit in the tax lien and tax foreclosed property arena.At the John Beck Seminar, he will answer any question you have.  Even better is that he will answer the questions other people have…questions you may not have thought to ask and from which you will learn things that will help you build your investments quicker.The John Beck seminar is held every six week in the destination city of Las Vegas on a Saturday and Sunday so you don’t have to miss a beat.  In fact, as a benefit to past seminar attendees, John Beck offers you the opportunity to come back to the seminar again and again to learn the latest secrets and techniques as John develops them so you know exactly what to do as the market changes to keep ahead of the rest of the pack and to keep making big money. 

Know Your Exit Before You Buy

The John Beck Property Vault or the John Beck Landbank both offer subscribers to John Beck’s tax deed and tax lien foreclosure program offer people a way to find and purchase property quickly and easily from tax auctions held around the country. The Landbank is useful to those people who want an easier way to identify great properties for sale at wholesale prices for immediate resale.  The Landbank uses John’s research to find incredible deals all over the country and then makes it easy for you to re-list those properties on the online auction sites using the provided sample ad.  The exit strategy you should use with the Landbank is the buy/re-sell strategy which is also known as the buy and flip strategy. The Property Vault is slightly different from the Landbank because it makes it much easier for you to find awesome deals directly at tax auctions for properties in tax deed and tax lien foreclosure from local governments sales all across the country.  Buying tax deeds and tax liens from these sales means you are buying properties which might make you more money if you do something more than simply buy/flip. There are many additional exit strategies depending on the type of tax lien or tax deed property you purchased.  For example.  You might buy a tax foreclosed home in another state for an incredible deal.  You might decide to sell it immediately or you might work with an agent to rent it out or you might have to fix it up and then sell it for a much higher price.  You might find some incredible deals on land in a tax deed or tax lien foreclosure sale.  This land could simply be resold online with no additional expense or cost to you.  Or you might find out that you could improve the lot (make it buildable) and thereby vastly improve your profits.  You might decide to work with a builder who builds on the lots in the area to do some sort of joint venture. Your circumstances will dictate what type of exit strategy you decide to use.  As you approach your John Beck business and as you begin to buy tax liens and tax deeds at foreclosure sales around the country, begin to think about your exit strategy before you buy the property.  How you buy a property and what you pay for the property will be influenced by what you think you can make on the property when you apply your exit strategy. John Beck is personally involved in your success and he wants each of you to use his tax lien and tax deed program to make money.  Don’t ripoff your future by doing nothing today.  The biggest scam of all is if you let fear prevent you from reaching your financial dreams.  You can do it.  Just do it wisely!