How To Find Notes-Can You Speak My Language? Tip on Buying Notes

By Dean Engle

Do you remember that 1981 hit from "Men at Work called Land Down Under?" (OK, so I was a big Men-at-Work fan, I admit.)

I recieved an email from a Korean by the name of Joe and it reminded me of the show.

What Does This Have To Do With Buying Notes?

The story that Joe shared with me involvd on of the most important lessons in the business of how to find notes. Your relationships matter.

In fact, not only do relationships matter, but "commonalities" matter. In other words, what you want to do when you're trying to find notes is to find out ways to build ties with your seller.

These commonalities can be a number of things, they can be social, sports-related, cultural. Any type of activity can be a good point of commonality. Some examples are sports, hobbies, favorite pastimes, favorite foods, music, etc.

Joe's Little Gem of A Story On How To Find Notes

Here's what he wrote to me today:

"I own a Korean Investment Club, and last week I was approached by a big Korean bank. They wanted me to the buy the notes from the person that was in charge of defaulted mortgages. Because of my lack of understanding, I'm not ready to think about buying notes yet. The first trust deed had a face value of about $2.7 million including interest, and the the property was a 79 room motel with restaurants. The Bank asked me to offer any amount for the note. Now I am very interested in buying the notes. This property is well worth over $4.1 million. What do I need to do? Thank you for your help."

What is the situation here?

We have a big Korean Bank that has just sent out a very good lead. And we have Joe-the owner of a Korean Real Estate Investment Club.

Does Joe Know Anything About Buying Notes?

No - he admits as much in the first line of his email. So do you think that he pitched to this big Investment Bank that he would be the perfect guy to buy their non performing notes?

No - this note buying opportunity just "landed" in his lap. And from what he writes, they're offering to him to make "any" offer on that note.

Now try to not to focus on the the great opportunity that has been offered to Joe, who might be albe to make a low bid on this note. Don't focus on the fact that he might be able to foreclose on a $4 million dollar motel.

But hang on a minute. I want to point out something that is so simple when you are trying to find notes, that you probably glossed over it already, thinking that you're supposed to be looking for something more complicated.

What kind of a bank is this? Korean. And where's Joe from? Korea.

It shouldn't be a surprise that this note, which is a California property happens to find its way to Joe.

Tips on Finding Notes

Remember when you are trying to find notes, banks often want to sell notes to people that they can talk to.

Most of the time, the people that they can talk to have other similarities. They might look like them, talk like them, do business like them, live like them, or enteretain themselves just like them.

The Korean Investment Bank preferred to work with Joe because he was one of them. Even if a well known investor walked into that bank trying to find notes, they wouldn't have gotten the same reception as Joe did. The bank automatically felt comfortable doing business with Joe, a process that would be a lot longer for you and ame.

So start applying this note buying tip today.

Find those commonalities between You and your Sellers

Try to find someone who speaks your language, and see if they have any notes for sale.

About the Author:

Interested in learning more about the Note Buying Business? Access to Hours of FREE Training Videos here: How To Find Notes Real-life, Up-to-Date Information for You. Visit NoteBuyingProfits.com or Call 718-783-7605 Or Click Here: Buying Notes From Dean Engle & NoteBuyingProfits.com - This time on How To Find Notes

What You Can Do To Get Help In a Home Foreclosure

By John Hocking

One of the biggest mistakes that individuals make when faced with foreclosure is failing to communicate on a regular basis with their mortgage company and thus providing a great source of home foreclosure help for people. The mortgage company almost always wants to avoid a loan getting to the point of foreclosure because it costs the mortgage company a lot in lawyers fees and court costs which they would not have to pay in home foreclosure help if they can work something out with the individual who is trying to keep their home.

There are free home foreclosure help organizations that are provided by the government and non-profit agencies that can advise individuals and even help to communicate with the mortgage companies for the home foreclosure help individual if it is needed.

You should take each step, one at a time. If you know that you are not going to be able to make a payment on your mortgage, whether this be an originally agreed fee when you started the plan or a fee when you have arranged to pay a set amount, you will need to speak with your mortgage company. You could even write to the, but the main thing is to let them know about your situation. Then you will be able to seek appropriate help for your situation.

Often, if he has been paying regularly and on time in the past so that the company has good record of his payments, they will be willing to let a payment or two go by in order to allow him time home foreclosure help to find another job.

One way that the mortgage firm are able to help people who are close to home foreclosure will be to utilize this tactic. Reducing the amount payable and even suspending some of the payments on the loan agreement, the company can prevent you from risking home foreclosure.

During the forbearance, or even during every stage of the process, individuals should check in with the mortgage company at least once per month to inform them of the progress of the home foreclosure help and show that they are doing all they can on their side to help stop foreclosure.

It is usually the individuals who choose to ignore the mortgage company and possibly abandon their homes who are the ones who end up facing foreclosure on their property as this wont be home foreclosure help.

For those who have initially financed their homes on an ARM, one way to home foreclosure help is to work with the mortgage company to refinance the loan at a lower, fixed rate that the individual can afford to pay.

If this is not an option, individuals can also do a home foreclosure help sale of their house so that it never reaches the point of foreclosure. This can provide the means of paying off the remaining amount of the loan, getting home foreclosure help for people and to get out of the house without further damage to credit.

About the Author:

John is a foreclosure expert after working a number of years in the industry. He blogs and have foreclosure help for people who are in a foreclosure situation and require some help. Also, if you are asking yourself how i can stop home foreclosure, then he offers a lot of good information on his wbesite.

What to do About those Debt Collectors

By Cliff Pape

If you've fallen behind on your bills, it's tough enough trying to get back on your feet without those debt collectors constantly calling you - don't you have rights? What can you do to stop the harassment?

The Fair Debt Collection Practices Act provides you with some rights and protections. Learn your rights and take advantage of them. This law covers debts from auto loans, credit cards and medical expenses.

Rules that a debt collector must follow when contacting you about an unpaid bill:

1. They may not call you after 8PM or before 9AM, unless you have agreed to this.

2. A debt collector is not allowed to call you at work.

3. Debt collectors may not harass you with ceaseless calls.

4. No verbal abuse. A debt collector may not use threatening or profane language when contacting you about a debt. A debt collector may not falsely imply that you have committed a crime by failing to pay a bill.

5. No informing friends, neighbors, co-workers, or family members about a debt. A debt collector may contact people that know you, but only to find out your address, your phone number, and where you work. In most cases, a debt collector may not tell anyone other than you or your attorney that you owe money.

6. Debt collectors are not allowed to try to collect more money than the actual amount of the debt.

7. Debt collectors are not allowed to threaten you with arrest or with lawsuits, unless they are genuinely going to file suit against you.

8. Debt collectors are required to give you notice of your debt in writing within five days of trying to contact you. This notice must contain the amount of the debt and the name of the creditor to whom it is owed, as well as telling you what to do if you believe that this debt has been reported in error.

9. Debt collectors must honor your written request to stop contacting you if this request is made within 30 days of your receipt of their written notice of the debt.

If you believe that the debt has been reported in error, be sure to say so in your letter to the debt collector. Of course, a debt will not simply disappear just because the debt collectors have stopped calling -either they or the creditor may still sue you for the debt that you owe.

10. Any disputed debt must be verified by the debt collector, with a written verification of the debt being provided to you. Until you receive this written verification, the debt collector must cease their attempts to collect - after they provide this to you they may continue attempting to collect the debt.

If a debt collector breaks any of these rules, report them to the Federal Trade Commission (877-382-4357) or to your state attorney general's office. Each state has its own regulations governing collections; the attorney general's office in your state can fill you in on the laws applicable in your state.

About the Author:

Home Buddies is a real estate investor credit repair coach. Starting with their free session for website visitors, Home Buddies develops and implements a customized strategy to improve credit and creates a business development strategy to help real estate investors or homeowners overcome problems to financing properties and building their portfolio.

Is bankruptcy a matter of public record?

By Josh Ramos

People who are considering bankruptcy often hesitate for a number of reasons. They may be worried about the long-term consequences like not being able to obtain credit or buy a house in the near future. However, for some people the shame that supposedly comes with bankruptcy is one of the main concerns.

The most important question you must ask yourself is whether bankruptcy is a right option for you. In order to decide this, you will need to look at your financial situation carefully and discuss your options with a lawyer.

First of all, it is important to understand what bankruptcy is. Bankruptcy is a legitimate option for those who have found themselves overwhelmed by consumer debt and are unable to pay. If you can't see yourself paying off your debts within the next few years (as long as you are willing to make some reasonable sacrifices in your budget), then you should definitely consider bankruptcy.

If, on the other hand, you could pay off your debt in a few years by making some sacrifices and adjusting your monthly budget, then you may not need to go as far as declaring bankruptcy.

It will affect your credit, but if your financial circumstances are severe enough for you to consider bankruptcy, you probably don't care that much about your credit. It isn't something to take lightly, of course, and you will need to go through all of your options very carefully before making the leap.

You credit can be improved over time if you use your second chance to change your financial habits and instill some discipline in your spending.

Once again, it's okay to be saddened about your financial situation, and you should ask yourself what changes you need to make in your life to help prevent this from happening again. However, you don't need to be embarrassed for the rest of your life, even though some friends or relatives may be critical of your decision.

Ultimately, you must choose what is best for you and your family, even if it might embarrass you a little bit in front of your friends. Bankruptcy may be a matter of public record, but it can also be a way out for those who are financially in need.

About the Author:

Don't let the fear of your debt take over your life. Get the facts about bankruptcy and learn how to get control of your debt. To learn more about the differences among the types of bankruptcy visit us at http://personalbankruptcyquestions.org

Get Rich the American Way - Real Estate

By Mark English

Owning Private Property has always been a dream of all the "Huddle Masses" that have come to our shores. A place of Your own is not just a home to live in, but can also be a means of production. In 1862 we passed the Homestead Act which gave, FREE of charge, 160 acres to any settler who would live on and cultivate the land for a minimum of five years. The total net worth of many westerners today has its foundation in the land granted their ancestors by the Homestead Act. Fathers, Mothers, Grand Fathers, and Grand Mothers have worked their land for the last 150 years. As the railroads galloped across the plains and mountains, many profited by developing the land or selling it. Real Estate was, and is, the foundation upon which our land, our families, our society, and our economy are built on. Real Estate is still the best investment for a solid financial future. Please, call us at 303-674-0148, Email us at markenglishrealestate@msn.com , or visit us on the web at www.evergreencoloradoliving.com ; and we will find You, Your piece of America here in the Rocky Mountains, by purchasing EVERGREEN COLORADO REAL ESTATE. We can also finance it with an EVERGREEN COLORADO MORTGAGE or a CONIFER COLORADO HOME LOAN.

A home of our own has become the number one dream of the American people. The desire to have a place to go, where after a long days work is done we can have peace, and rest for our weary bones is ingrained into the American psyche. Our home, for most of us, will be the most expensive purchase we will make in our life time. Here in the Rocky Mountains, west of Denver, we will need an EVERGREEN COLORADO HOME LOAN to help us afford our mountain retreat. MARK ENGLISH REAL ESTATE can help you find, and finance your private enclave here in the Evergreen or Conifer Mountains; where you can rejuvenate your soul each day, and prepare for the day to come. But there is more to our home than just a building; we are also joining a community.

One for the special pleasures You will enjoy when you buy EVERGREEN COLORADO REAL ESTATE is the vibrant community atmosphere here in Evergreen. Downtown Evergreen is a delightful, quaint little village. The charming shops and curiously familiar restaurants have that special resort feel. Take a stroll around Evergreen Lake and drink in the surrounding Rocky Mountain vistas that wall the valley where this pristine lake rests. The seasons drift by each with its own personality: the spring bounty with the elk calf's crossing the highway, the cool summer nights when ever star in God's heaven it twinkling, the autumn aspens fiery yellow leaves excite the heart, and the crackling Christmas air that carries the sweet aroma of the Yule Log burning the warm fireplace. The people are friendly, the weather is perfect, the commute is short, and life is good. Please, give us a call and we will find You that little piece of Rocky Mountain heaven in Evergreen Colorado. We are MARK ENGLISH REAL ESTATE and DISCOUNT MORTGAGES SERVICES.

EVERGREEN COLORADO REAL ESTATE is located just 30 miles from the middle of downtown Denver. We have all the amenities of city living without the congestion, hassle, and crime of the big city. You will be living with the eagle, high in the majestic Rockies, and still only 45 minutes from Broadway. DIA international airport is an hour away, and skiing in the Colorado champagne powder is only an hour in the opposite direction. Give us a call at MARK ENGLISH REAL ESTATE and we will show you how to live in this mountain paradise and we will find you an EVERGREEN COLORADO HOME LOAN or a CONIFER COLORADO HOME LOAN to finance you new mountain mansion. In these uncertain economic times, your own home is still the best investment you can make.

The internet is virtually overflowing with ads about how to start your own home business. They are offering everything from health care products, to auto fuel additives. But the best home business is to invest in rental property. The tax advantages, the equity build up, and the limited amount of time involved make it the best choice. Many Americans are investing a set portion of their salary each pay check in stocks, bonds and CD's. Every one that I have spoken to has lost all their equity, and a hefty part of their principal, with the Wall Street crowd. It's time we seriously took a herd look at investing with the big investment houses. Many of them are themselves broke, and they have sadly let down all their clients. Plopping money in the lap of Wall Street each pay check and expecting them to fund your retirement is just not practical. Investing in EVERGREEN COLORADO REAL ESTATE is a much wiser move. When You invest in rental property you are starting a small business and your returns are profits not dividends. You are earning the money, you are an entrepreneur and in the end you will be richer. We are MARK ENGLISH REAL ESTATE and we can educate You and help you to get started. We will find the best property and we will help You finance it with an EVERGREEN COLORADO HOME LOAN or a CONIFER COLORADO HOME LOAN.

The Treasury Department is giving You a bail out right here on Main Street. They have lowered the interest rates to historic lows. A 30 year fixed rate is about 5 " % for loans up to $417k. Just think, if you got an EVERGREEN COLORADO MORTGAGE REFINANCE or a CONIFER COLORADO REFINANCE, and lowered your monthly payment by $150.00, and reinvested the whole savings by paying down the principal on your loan, you would be making 5 " % returns on the money you save, by saving the interest on your mortgage. Now, if You further took your 401k money and paid additional principal on you EVERGREEN COLORADO MORTGAGE, you would be earning 5 "% on your 401k as well; after all a penny saved is a penny earned.

One of the unique advantages of investing in EVERGREEN COLORADO REAL ESTATE is that you can leverage your investment by borrowing a large part of your investment. Leveraging will also increase your profit percentage on actual cash invested, and creates an effective hedge against inflation. If you buy a $300,000 house and put down 20 % or $60,000, and the property increases at 3 % a year you will make $9000.00 on your investment of $60,000 in cash or a return of 15 %. So if the rents do nothing but break even, you will still earn 15 % over the long haul. If You need an EVERGREEN COLORADO REFINANCE loan or an CONIFER COLORADO REFINANCE loan to get you started, we can help you through DISCOUNT MORTGAGE SERVICES. If you invested further by paying principal with your 401k money, you can earn even more by saving the interest rate of your mortgage loan. Contact us and we will educate you and advise you.

If you bought EVERGREEN COLORADO REAL ESTATE for $300,000 as a rental investment, and if you put down $60,000.00 or 20%, you would owe $1840.00 a month for principal, interest, taxes and insurance, and management. If the rents were $1500.00 a month and your expenses are1840.00 a month the negative cost is $340.00 a month. But you can deduct the $340.00 or $4080.00 per annuim ($340.00 X 12 = 4080). If the land was worth 40,000, you could depreciate the investment by $9630.00 each year plus your taxable loss of $4080.00. Now we have a deduction for $13,710.00 ($9630.00 + $4080.00 = $13710.00 0. If you are in the 27 % tax bracket you will save $3838.00 or $320.00 a month on your taxes. So the investment house will cost you $20.00 a month. Now, as the rents increase over time, and the tenants pay off your $240,000.00 EVERGREEN COLORADO MORTGAGE, your will own the house in 30 years, and can either sell it for retirement cash, or keep it as a mortgage free home, and use the rent income for spending money. In a stock market where most people lost not only their dividends, but also all or most of their principal, Real Estate is still the number one long term investment.

About the Author:

If you are looking for Evergreen Colorado Real Estate or Mortgage Loans please, give us a call at MARK ENGLISH REAL ESTATE. Call us at 303-674-0148, Send us a message us at markenglishrealestate@msn.com

Exploring the Benefits of Small Business Credit Cards

By Dewey Finn

Small business credit cards were designed to help those families and individuals who often have difficulty getting their credit lines required when operating their own business. Owning a small business sparks major interest these days with the banks and those with bad credit who are considered risky candidates for credit lines, may still be eligible for a credit card.

In this article, we are going to review some of the credit cards for small business, what they offer and why some cards are not your best options.

Tips on Finding the Best card for your Business Credit needs?

There are many businesses today battling the problems of obtaining the items they need to operate their business. There is sometimes a shortage on cash flow and they will need to get necessities for their company.

When this is a problem, a business type credit card may be the right answer. This is a way a business can get the financial help they need so they do not loose out on the things that are important for turning an profit. A credit card is a great way to finance the things you need when there is no extra cash available.

There are many accessories and supplies a business needs to make things happen. They need paper, software, raw materials, equipment, and many other things crucial to their business success. When something is required, a business rewards credit card can be the answer so that they are not missing out on great opportunities in purchasing but also earn points with their card.

A credit card should be a smart financial decision. You need to make sure you are getting a card with a good interest rate. You will not want to pay a fortune in interest rates when you are trying to get started or keep running with great expectations.

With the right credit card, any company can get to where they need to go and have no worries. When you do use a business card for credit, it is important to make sure you pay down the balance on the card each month.

Do not allow the balance to grow too high and become unmanagable as each month goes by and the unpaid balance grows higher and higher. It can be impossible to pay off as you would like and this can be force a financial crisis in your business.

It is important for you to compare credit card offers for use in your business. You will want to get one that fits your business needs, low-interest and reduce your risk. There is nothing wrong with taking your time and making the best business and financial decision for your needs. You will want a high credit limit with a low rate of interest to keep your business going with a great success rate.

Operating your small business these days definitely requires credit and that usually means a card. We have researched thousands of offers and tops among all recommendations is paying off your outstanding balance completely each month.

American Express Business cards allow you to earn points and can be Free of any fees along with no pre-set spending limit or finance Charges. Another advantage is the discounts with FedEx, Delta, Courtyard by Marriott, and others.

About the Author:

For those seeking assistance with the best offers on business credit cards visit creditsnacks.com today!

How To Fix Your Credit Problem

By Landon McGehee

The term "bad credit" does not mean no credit. It actually means that any credit you may be able to get is at a much higher cost. Because you may have been through some tough times financially in the past results in astronomically high rates of interest. But rest assured that there are ways that you can "repair" your credit.This article will address three of these, the best for you depending upon how extreme your circumstances are.

Your problem: Your credit report contains information that is just wrong. Method #1: Contact the credit bureaus and make enquirers.

You have asked for a copy of your current credit report from each of the three credit bureaus. You discover, to your horror, that there are some entries made by past lenders that are negative. This could be a mistake on their part, for example, it may state that you still have an outstanding amount on a loan when you know that the loan has been paid off - and you have actual proof! A well-constructed letter to the credit bureaus, including your evidence, should take care of this problem.

Problem: You have a number of overdraft fees. Method #2: Choose your bank carefully.

Multiple overdraft fees on a checking account are a source of discomfort on their own. If the credit bureaus discover that you have them (usually the bank will tell them), it will make things worse as it will damage your credit rating. It is an unfortunate fact that it is far too easy to withdraw more money than you may have in your account from an ATM. If your bank offers "bounce protection", they then manage to obtain another overdraft fee from you at around $20 to $35 each time. No wonder that they encourage you to take out this protection!

We all know that the wise thing to do is to check your account before you withdraw any money, but because we are always in a rush, that very rarely happens. To avoid this problem, you should use a bank that doesn't have the "bounce protection" as an automatic addition to accounts, so that, if you don't have the money in your account, the ATM won't give it to you! This will help you avoid those dreaded overdraft fees.

Problem: Low ceiling on your line of credit Method #3: Obtain a sub-prime merchandise card.

Financial problems such as poor credit history in your past are interfering with your chances of obtaining credit for the future. Life becomes more difficult if you cannot even find someone or some institutions that grant consumer loans.

The most effective way to boost your line of credit without crippling yourself financially is to obtain a sub-prime merchandise card. This is a card that allows you to purchase items from one merchandiser, which is usually the one from whom you purchased it, through a line of credit. You are asked to pay a deposit on items you buy with the rest being put on the card.

The sub-prime merchandise card has the advantage in that it tells the credit bureaus that you have a new line of credit, which in turn reflects positively on your credit report.

About the Author:

There is more to learn on poor credit consumer loans. Visit our evergrowing library at http://www.everlife.com/debt-consolidation-loans.php.