Foreclosures How they Effect Homeowners - Real Estate Investing

Hey D.C. Here,

Here?s today?s question of the day from Abel:

?Hey DC, Can you answer this question for me?? I am new to the real estate industry and I am trying to learn how foreclosures are affecting homeowners.? By learning how foreclosure affects homeowners, it will help me in communicating with sellers.? Can you give me a little insight as to what is going on with the homeowners in foreclosure??

Ok Abel, it is great that you asked this question.? The numbers are staggering.? According to the latest numbers
that were released this past week, first time default notices were served on 78,000 homes in August which is a 33%
increase from July.

A $1 Billion federal program to help jobless and underemployed homeowners ended Friday.? An additional 1.2
million properties received foreclosure notices in the first half of 2011.? The United States have seen a 112% increase
in the number of foreclosure in the past 12 months.

Many see foreclosures as a public health crisis.? The research shows that foreclosure itself harms the health of
families and communities.? A recent survey shows that many homeowners are missing doctor appointments and they also let? their prescriptions go unfilled.? Many people who live in high foreclosure areas are more likely to be hospitalized
for conditions like diabetes, high blood pressure and heart failure.

More than 1/3 of homeowners are displaying symptoms of major depression.? There are more suicide attempts in high
foreclosure neighborhoods.? One study showed that for every 100 homes that were foreclosed, it found a 12% increase in
anxiety-related ER visits and hospitalizations.? Most of these visits were by adults under the age of 50.

When the breadwinner becomes ill, they miss work, lose their job and face mounting medical bills.? Losing a home disrupts social ties to neighborhoods, schools, jobs and health care providers.

It is important to approach your homeowners with empathy. By the time that you have started working with the homeowner they have pretty much already exhausted their options and have nowhere to turn.? You are offering them a different option.? They have to trust you that you have their best? interest at heart.

You need to be honest and compassionate with them.? If you say that you are going to do something, then you need to
follow up with them. Keep them updated on the status of the short sale.? Remember that you are a solution to their
problem.? If you think about the homeowner instead of the check that you are going to get, you will get many more
properties for your pipeline and be more successful.

Want to get more tips like this every day?

Join my Facebook Fanpage and let?s chat:

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Talk soon,

DC

PS-
Notice to all VIP Plus Members: Here?s quick rundown ofwhat we?ve recently added to your VIP Plus Membership.

Here are the Extra Benefits Just Added:

#1 ? Waived Submission Fees on All of Your Deals

Waived submission fees on all of your deals. You are no longer required to submit the $250 fee with each of your
short sale submissions. If you submit just 5 properties per month, this is worth $1250 per month or $15,000 per year.
(value: $15,000)

?#2 ? You can submit any property you want for partnership on all deals with a mortgage of $250,000 or greater

We have lowered the minimum value of the property from $500,000 to $250,000. You can now submit any property you want for partnership as long as the amount owed on all mortgages is $250,000 or greater. This will allow you to
get stated with smaller properties and learn the business before jumping into the big luxury home deals. I did this because? I started with small properties and moved up and want you to be able to start at the level you are comfortable just like I did. This could bring in a lot more profit per year with additional deals you would t have been able to do.

#3 ? Two Extra Live Coaching Calls Per Month We have added live coaching calls 2 times per month for 2
months.

You now have access to our coaching team of ultra successful short sale investors. You will be able to talk to them live in person on these coaching calls and ask the many question you want so you can reach success even faster.

(Value: $789.00)

?#4 ? 60% Split on Your Deals

Now you keep 60% of the profit. My team of negotiators does most of the work and you keep most of the profit.

Everyone knows the default market is bigger than the traditional market right now.

If you are no longer an active VIP Plus Member but would like to get all of these new benefits, contact support at
support@dcfawcett.com?or call?800-764-8064?today.

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4. How to easily find luxury short sales and commercial foreclosures before your competition
5. Florida Foreclosures-Foreclosures To Rise In 2011

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