Subject: Buying Mortgages

Hi {!firstname_fix}

Buying discounted notes can generate
residual income just like methods used
by financial markets on Wall Street,
only on a smaller scale. Have you ever
heard of Mortgage Securities? 

They follow the strategy I am about to
show you but on a billion dollar a year
scale. If it can work for them, surely
it can work for you!

Certain pieces of information become
public knowledge when a home is sold.
These items include:

1. Price
2. Taxes
3. Liens
4. Buyer’s Name
5. Seller’s Name
6. Amount of Mortgage
7. Names of Lenders

All of this information can be found at
your County Courthouse or the Clerk’s
Office. 

Let's say you find a property valued at
$80,000. The seller is retiring, owns
the place free and clear (no mortgages)
and wants to buy a condo in Florida for
$30,000. You suggest that he invest the
balance of his equity into seasoned
mortgages worth $50,000 and paying 10%
interest, with monthly payments of
about $500 per month to supplement his
Social Security. This income will NOT
affect his Social Security. He agrees. 

Now, locate a mortgage with a $50,000+
face value, at 10% interest with
monthly payments of at least $500.
Offer the mortgage holder $35,000 cash,
to be paid at closing. The note is to
be placed into escrow along with signed
a copy of the agreement (preferably
notarized). 

At closing, your bank (if YOU are
buying the property) or your buyer's
bank (if you are selling to a third
party - see "Double Escrows") puts up
the money for a first mortgage of 90%
of the price, or $72,000. From this
amount: 

- You pay $35,000 for the note. The
note seller goes home, happy.

- You pay the seller of the property
$30,000 cash and give him the $50,000
in mortgage(s). He goes home, happy.

- There is $7,000 left "on the table".
This belongs to you, along with $8,000
in equity in the property (the
difference between the $72,000 mortgage
and the $80,000 value). If you bought
and sold simultaneously at a double
escrow, you would walk away with
$15,000 cash

- in other words, the $7,000 left on
the table and the $8,000 equity you
sold to your buyer (his down payment). 

Follow the link below to find out
more..

YOUR LINK


Regards,
YOUR NAME

