Mike Warren Teaches on Judgments, Loan Mod's, Defualted Bank Notes and Social Media for Real Estate

http://www.MISUniversity.com/webinar . Training on judgments, liens and options, Outsourcing loan modifications to attorneys, buying defaulted mortgages from the bank, social media marketing. 4-Hours of training streamed right to your computer "live".

We will cover:
1. Judgments, Lines & Options
2. Loan Modifications Outsourced To Attorneys
3. How to Buy Defaulted Mortgages from banks and individuals
4. how to use Social Media to drive your business for free.

This strategy involves buying the judgment from the landlord at a discount. You purchase the judgment at a discount because you need to be compensated for the risk of buying a judgment that has already shown (to the original landlord) is unlikely to be paid off in the future. Additionally, you need to be compensated for the work you will do in the future to get the debtor (former tenant) to pay off the judgment.




You should negotiate to purchase the judgment for around five to 15 cents on the dollar. So for the judgment that made Mike 1000%, he was looking at a judgment with a face value of $2,000. He paid $200 or 10% of the face value. He was able to collect the judgment and made a profit of $1,800 on a $200 investment. Keep in mind, the key negotiating argument is that the judgment has already proven to be worthless to the creditor (original landlord). Mike cautions, however, that under no circumstances should you pay more than 40% of the face value of a judgment.

This great opportunity gets even better. Mike was telling me that almost every single courthouse in America has over 300,000 judgments currently on record that are available for purchase and collection. Whats more, Mike did extensive research to determine that an average of 50,000 new judgments are entered in almost every courthouse each year. To top it all off, landlord entrepreneurs can go to their local courthouse and find other landlords who are willing (excited is a better word) to sell their judgment (un-recovered money from former tenants) to you at a sizable discount. You then use your knowledge to collect the judgment and make huge profits.

Category:

Howto & Style

Tags:

• mike warren
• judgment recovery
• make money with bank notes
• defaulted mortgages
• social media marketing