FORECLOSURES CAN ALSO BE HONESTLY PROFITABLE!

Posted in General, May 28th, 2007 |

Foreclosure investors are paying $19.95 to hear Alexis McGee give a 90-minute talk on ethics and foreclosures. Foreclosure grabbers have been labeled as preying vultures. But McGee takes another stand. One can go about the business in a straight way without downright cheating. It is not necessary to grab the deal by hook or by crook sacrificing eternal values. McGee makes a shrewd assessment. The people in trouble facing foreclosures should be helped so that will come to you again.
Ridiculous? But statistics says otherwise. Two decades, when she was twenty-three, she earned $180,000 in her first real estate venture. Today she is consulted by all and sundry during these troubles times when Foreclosures is dominating the scene.
McGee is a familiar face on popular television channels as well as renowned journals. Her $9,500 investor seminars for June have all been booked. People pay for her telephone talks as well as for browsing through her online foreclosure listings. This autumn her book on foreclosures and ethics is predicted to hit the sales.
At the core of her work is her website which she operates with husband Tim. It is perhaps the oldest site on foreclosures. Those owners who have failed at least two mortgage payments are listed. Then the houses facing auction and repossession by the banks are checked to make sure that equity is still there.
The procedure is to purchase the property at a price so that some profit is made from reselling it. The logic is that the house owner will have something left over after repaying debts. Otherwise usually the owners find themselves totally in the red with their pockets completely cleaned out.
McGee claims that about 254,000 new households in the country fell behind in mortgage during the first quarter of this year. McGee trained investors come forward to help with tangible solutions. The aim is to find out what investment possibilities are there as well as to help victims avoid foreclosures. This is irrespective of the fact whether the McGee group gets a slice of the cake or not. The idea is to help people, whose house is on fire find the exit route fast, quick and with dignity.
Critics question McGee’s sincerity who is after all selling low and buying high doling out low to the owners. But banks are happy that foreclosures are being thus avoided.

Via