DC Fawcett’ Loan Modification Scams

Introduction

When a company or an individual asks for a fee to work with one’s lender to modify one’s loan and do nothing to save one’s home from foreclosure, it is called as a Loan Modification Scams.

DC Fawcett says that Loan modification is usually used to forestall foreclosure of homes. But scammers take advantage of loan modification.”There were about 35000 loan modification complaints  recorded by Neighbor Works America from the period of 2009 to 2013,” says DC Fawcett – a real estate investor and educator.

Many loan modification scams begin with a voluntary call to offer services for lowering mortgage payments or to completely escape from foreclosure. In case of mass re joinder law suites against unscrupulous money lenders, the caller usually asks for fees in advance. This fees is the indicator of a scam because while there are mass re joinder law suites, lawyers don’t take money until a legal decision is taken.

Some scammers offer to review your foreclosure documents to check if the moneylender is complying with local and state laws. They usually demand fees for that. In worst cases, the deed or title to your home is usually surrendered unknowingly or with the hope that you can rent out the home in future or purchase it back. These occur in scenarios known as bait and switch ploys.

Seven suspects were charged of loan modification scams in 2014. They fleeced desperate homeowners who were trying to keep their homes during times of crisis. They told them that they had contacts with money lenders who would lower the monthly payments. Homeowners  were told that they would obtain a refund if they were dissatisfied with the terms. These suspects charged upfront fees for that .

How to avoid loan modification scams

Any company that guarantees loan modification or foreclosure is a prospective scammer. Generally, attorneys and lawyers only promise to do their best to help. Modification of a loan depends on many factors such as financial position of both the borrower and the investor. Those who guarantee outcomes without considering the implication of these factors are cheats. So one should look out for them.

Any company or individual who asks one to sign blank documents is a scammer. Lawful companies and authentic lawyers will never ask one to sign something without reading and comprehending. This is done only by scammers who will add information later and DC Fawcett give many suggestions to maintain rental properties.

Some individuals may pose as a forensic loan auditor. They are also scammers.It will offer to review documents related to one’s loan. To tell one that this report can be used for loan modification purposes and the charge fees for that but will often not do anything in return.Often phony seminars are scams. These seminars offer one free tickets initially. But when one goes there, one finds out that those free tickets were given to make one purchase tickets to additional seminars. The scammers make it sound as if these seminars are amazing but they usually have nothing great.

Conclusion

One must always be cautious of scams as they result in heavy losses. These tips above, by DC Fawcett will surely help in identifying and avoiding scams.

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DC Fawcett - A Look Into Real Estate 2017

DC Fawcett says that Life is full of surprises, so is the industry of real estate! Seeing that, political disconcerts, social ambiguity, and international instabilities have had a plunge in 2016, real estate enthusiasts and home buyers are frantically looking forward to a change in the year of 2017.

We’ve crossed a month and half-way through March now, so let’s have a look at how this one and a half months have been.

By now you would have heard this several times, 2017 is going to be the best year for investing in real estate, real estate activity is taking heads. The question now is whether or not the increased real estate activity reported in January, February and March will continue through the year.

During the month of January it was predicted that you can expect transparency in the property market and in the month of February it was said there will be a decline in the interest rates.

This is a rough data, most importantly this is not the thing that exactly happened, so it is always good to be on your guard and be double cautious because even the slightest mistake in real estate can bankrupt you.

• Choose a healthy market
• Study the location carefully
• Look for growth drivers
• Pay the right price
• Don’t follow the herd
• Have a strategy
• Do the paper works right

Irrespective of the kind of real estate activity you are involved in, it may be selling a property, buying a house or investing in a commercial or industrial property, you should make sure that you are tagging along the housing trends and know about commercial real estate that could have an impact on your real estate activity.

A keen watch on the pulse of the real estate market is said to help steer clear of being left out in the cold by growing interest rates or a widening gap between supply and demand.

Now let’s see some points for purchasing a home in 2017.

• There are a few fortunate people who can make the entire payment in cash. But for the others, financing comes to the aid. But, you need to furnish a decent credit to avail the mortgage.  Your ability to furnish a good credit score makes it possible for you to avail a mortgage.  When you cannot furnish a decent credit score, you might be turned down the mortgage.
  
  
• When you avail of more loans, there is every possibility that the debt outweighs the credit. There are lucrative mortgages which would come up, and you should not miss it just because you have severe debt damaging your credit score.
  
  
• You can get a fine picture of how much you can afford through the process of mortgage pre-approval. Just see to it that your pick of property caters to your budget.  Being conscious of every penny that you spend, you can ignore the properties that are beyond your affordability. Thus, you can avail of the option to purchase a property in the community that best suits your financial stand.
  
  
• For the first time buyers, there is no inkling of a doubt that, for the financing to be done, a mortgage lender has to be approached for consultation. You need to come to terms with the money you can afford and then get into the process of buying a home. You need to have a sound knowledge of the market in the vicinity.  You know your priorities better when you work with a realty agent.
  
  

  Purchasing a home:

• Always there is a prevalent uncertainty about the value of the houses, but when you make an informed decision to purchase a home, you are happily in the home thereafter.
  
  
• The Price you have to pay for financing the home buying generally exceeds the home’s actual value. Be versatile regarding the mortgage alternatives and other expenditures.
  
  
• The House may be offered for a certain price for which much care is given. The proposal to purchase a home involves both the cost and the terms.  The terms require much additional amount to be shelled out in certain instances.
  
  
• Retaining a property without insurance is one of the most foolish things that one could do. The insurance acts as a shield during untoward incidents that affect and damage the property.
  
  
• The Closing process comes with different terminologies as Settlement or Escrow. It is no more manual in most of the places, and there is increasing computerization of the process.
  
  
• The process of home purchase requires you to be financially sound. Following the steps that are listed above will make things easy for you to purchase a home.  A bitter surprise should not spring on you, and you need to take every measure to see to it that you clear the process in a hassle-free manner.
  
  

  Conclusion:

  Get the inside track on forthcoming opportunities in commercial, residential and industrial real estate with DC Fawcett at his seminars and webinars.
  
  

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Strategies To Avoid Negative Cash Flows In Real Estate Investing - Dc Fawcett

Achieving a consistent cash flow is the ultimate goal for the real estate investors’ ad it is fair on their part to expect it as an investment will be pointless without it, and they end up losing whatever they have. Though negative cash flow is not always bad, you need to plan well to salvage the property by that means. DC Fawcett discusses some of the strategies to avoid negative cash flows in real estate investing.

Strategies to avoid negative cash flows in real estate investing

Negative cash flow is basically the excess of expenses over the property revenue. However, it does not always mean that negative cash flow is the red flag for the investors as many smart investors have ridden it out till the property value had appreciated. Purchasing the property with negative cash flow has been popular. Even the billionaires utilize the negative cash flow in order to avoid paying tax unnecessarily. However, you cannot blindly go for the negative cash flow. Here are the strategies to avoid negative cash flow in real estate investing.

Make a full-proof plan for your business

Planning is very important for any business to succeed. However, when it comes to real estate, you need to plan your finances such that you don’t get into the problem of negative cash flow and at the same time, you can minimize your tax. Apart from the good investment plan, you need to be flexible as well so you adapt and change according to the needs of the investment

Keep all your options open

If traditional model of renting is not enough to work put your negative cash flow; you need to work on other alternatives to overcome it.

Bed and Breakfast

If you have a big property, you can convert it from the run of a mill single family home to cozy desirable bed and breakfast. This is one f the options which you can go for.

Rent-to-own

In this strategy, you allow the tenants to rent your house to other tenants which are helpful when they are struggling for mortgage approval. Rent to own generally takes 1 to 5 years in the short run. Tenants pay the amount according to the market rates.

Short-term rental

If your property is located near a hospital, business district or university, your short-term rental offers can turn the negative cash flow into positive ones and provide the service that you need the most in your area.

Have cash reserves ready

1. A cash reserve comes handy when you are handling long-term investments. If you don’t have sufficient reserves, that will automatically lead to negative cash flow. This is the mistake that most of the investors make.

Utilize positive cash flow in the best way

When you have a good positive cash flow, utilize them in the best possible way such that you never go out of pocket. Most of the investors utilize them in on new items or on the vacation. Very few of them keep them for the future. You need to be among the few to store the positive cash.

Conclusion

DC Fawcett is the creator of Virtual Real Estate Investing Club. There are many ways to avoid or overcome negative cash flows which when mentioned will bore the readers.

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Best season to make deal in real estate - DC Fawcett

There are a lot of misconceptions about the best season to sell your property.There are many factors that the buyer considers before buying the property.

• You have found or have a real estate agent who is trustworthy, there is every possibility that you can successfully sell your property.
• If your house is decluttered and well decorated, it attracts the potential buyers to consider buying them.
• If you are thinking of what price to sell the property, you need to think a lot about it.

The time and the year that you choose to market there is a difference between good and the poor asking price. DC Fawcett suggests the best season to crack the deal in real estate.

Best season to make deal in Real Estate:

You need to take the buyers availability into account and what frame of mind they are in during the time or the year when you are selling, keeping the competition in your mind. The best time and the year to sell your property is very much controversial. Here are the guidelines which will help you to sell your property and how the seasons affect the market.

1. Summer:-

   This season can be chaotic for the families as children would be having the holidays during that time. In the case of planned holidays, there can be limited time or resources for the family to purchase the real estate property. If at all you want to sell the property in summer, you need to ensure it in the market before it dies.

2. Autumn:-

   Ideally, this is the best season to sell your property and create the first impression for yourself which is called as the best impression. The advantage of this season is it does not have any major holidays which distract the buyers. Though the real activity takes place in this season, t is always advisable to crack the deal at the earliest as the time fleets very fast.
   Winter – This is the toughest season to sell the property as the days are short and nights are dark. Furthermore, when the Christmas is nearing, many buyers will be in a festive mood due to which, their plan to purchase the property takes the back seat.

3. Spring:-

   This is one of the best seasons to sell your property as the days will be longer and warmth comes in their garden. This is the time; the buyers will be in search of purchasing the property.

Season changes from time to time as it is a natural phase. Before entering the market, you need to look at the local area. More than anything else, it is important to choose the time which works the best for you to sell the products. If a buyer is interested in buying your property, you need to wrap up the sale before they change their mind. If you are planning to sell your house, you need to focus on its look and feel so the buyers will get attracted.

Conclusion:

You cannot completely depend on the seasons to sell your property. No matter whatever time or year you want to dispose of the property, the buyer should be readily available.

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How To Buy Real Estate Properties – DC Fawcett Beginner’s Guide

Rental properties- a beginner’s guide

When it comes to real estate, DC Fawcett says that the main objective of almost all realtors, investors is to put money to work today and see it grow in the future without much effort.

The ROI must be an adequate amount and it should be enough to cover:

• Risks that you take
• Taxes that you pay and
• The cost of owning the investment property together with additional expenses like utilities, regular maintenance, and insurance.

Abstractly, real estate investing really can be as simple as a walk in the park, if you are making some efforts to understand the most underlying factors of the investment, economics, and risk. With that said, you should know that it is simple but not easy. If you are lethargic, then based on the mistakes that you commit, the penalties may show a discrepancy from negligible hassles to major disasters. But at the same time, you should know that could noteworthy mistakes will make you bankrupt or worse.

Buying rental properties may not be everyone’s dream, but definitely, a whole lot of people out there like to invest on them. For it, you should know which type of real estate investment is suitable for you and which one you should be making. When you are done with the thought process and all set to initiate the progression of real estate investing, it is vital to settle on which type of real estate investment is appropriate for you.

In order to help you be aware of the available options, I’ll be sharing another article which will help you understand which type of real estate investment is suitable for you whether industrial properties, residential investments, etc. Alright, now gets into the beginner guide for rental properties.

Some tips on how to purchase your real estate investment properties:

There are quite a few ways that you can contemplate on, if this is your very first attempt, and then you can bring in some debt by taking a mortgage out against a property. In general, it is the use of leverage that creates a center of attraction for many real estate investors for the reason that it lets them get hold of properties they or else could not come up with the money for. On the other hand, employing leverage to purchase real estate can pose several threats in a market that is falling completely or otherwise where the interest expense and other timely payments can drive the real estate investor into bankruptcy if they aren’t cautious.

Virtual real estate investing club exists to help you figure out the hindrances in virtual real estate investing. You will get to know about the strategies and by this means, you can start real estate investing part time and start cashing checks for $5,000-$10,000 with Zero Money Invested and without using your credit. Educating real estate investors with his unique strategies, learn more about DC Fawcett real estate programs to unearth success in the field of real estate.

Suggestions when buying your first investment property

Many people who have invested in the real estate have turned affluent. So, real estate investment might seem a viable option.  But, you need to contemplate much before you make any move.  Purchasing the first investment property is not an easy task.  When you carry it out smoothly, investment in property could produce a steady income.

Browse through a number of properties:

Some investors just make a speedy skimming through the property in the vicinity, and they dive head first into the deal. It is to be noted that these people are spending more than the actual value of the property.

You need to thoroughly go through many properties in the vicinity, and also in other areas before you choose a property.  You need to come to terms with the worth of the property, and you need to make sure that it helps you attain your monetary ends.  Skimming through hundred properties might seem like a lot.  But, as the internet plays a major role, it is much easier to browse through a number of properties.  There are a number of websites which enable easy search for properties.  Do a fair study, and browse through a lot of properties before buying one.

Do not become emotional:

Being emotional plays a major role in the purchase of the property, and it could hinder the process of selecting the right property.  You will end up paying more than the actual value of the property.  Usually, sane decisions are not taken when the emotion overtakes.  The fact being that it is your residence, there will certainly be a role played by the emotions.  But, take the investment as a financial transaction, and consider it like purchasing stocks.

Make way for investment goals:

You have to set a financial target before you go for acquiring a property. Some people cannot actualize on what property would yield them fruitful results.

It is not a sane decision to choose a property which has not been maintained well. This is particularly the case when it comes to earning a passive income.  Ending up buying a property in the rural area is not the desirable out come if you want speedy capital growth.

Setting a financial goal helps you self-actualize and understand what your needs are.  You can buy properties that adhere to the goal.

Putting investment into property is a sound decision when you want to acquire profitable returns.

Do not hasten:

When purchasing the first investment property, some people tend to be impulsive and they get excited.  Also, they desire to purchase property as soon as they can. But, understand that the market is there always, and properties for sales are always accessible.  Do not go out and pay an exorbitant sum on a property which is not going to get you the profits.  Take sufficient time for the research of the property when you are purchasing property in vicinity that you do not know.

Make a thorough research in the area:

You might be residing in the area for quite a long time.  But, that does not imply that you have a full understanding regarding the property.  And, you have to understand what the property is going to yield in your desired area.

Make a comparison with other properties in the area and understand what the rental returns are.  Go for a property that is desired by everyone in the area

Conclusion:

DC Fawcett is a real estate entrepreneur come trainer, helping all real estate fervents to achieve their goals by means of his seminar and camps. In addition, he also teaches how to develop a real estate business and produce different income streams.

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