You Can Buy a Home Now!

Learn how to buy your own home now, regardless of whether or not you qualify for a mortgage through a traditional lender.



The truth is, you can buy a home right now. However, most people just like you believe the myth that you can't buy a home if you have bad credit or possess a negative financial picture of any kind. Lenders will have you believe that, but it's simply not true!
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If you're paying rent right now and have regular income you can buy a home! What's more, you can buy the home of your dreams. It doesn't matter if you have:
• Accounts in collection
• Excessive medical bills
• Foreclosures
• Repossessions
• Bankruptcies
• Lack of local job history
• Self-employed
• Any type of past or current credit problems
• Been turned down in the past for credit
No matter what your situation is right now...
One Stop Buy Spot™
It's time to quit throwing your money away on rent! You can buy a house right now! We sell homes to people just like you with less than ideal circumstances. Our unique system of selling homes puts people just like you in the homes of your dreams, sometimes within a matter of days. Our creative loan programs allow you to qualify to buy a home quickly and easily, no matter what your situation.
We're a group of real estate investors, not a bank or other lending institution. We own homes in all price ranges and sizes, and we sell them to you. Since we own the homes we sell, we can also set easy financing terms so that you can buy a home right now even if you have bad credit or less than ideal financial circumstances. We can sell a home to you even if your credit is bad, you're new to the area, or self-employed!

Buying a Home is Easy
We believe that if you can pay rent, you can pay a house payment, and we've turned that belief into a business mission. Our owner financing programs make it quick and easy for you to buy a home. Depending on your individual situation, we'll loan you the money to buy or rent the home you want until closing. This means you get to move in right away - sometimes in just a matter of days -- and enjoy the benefits of being a homeowner even if you are still raising money for a down payment or clearing up your credit.
If we decide that renting the home is the best option for you, then we'll still let you move in your new home. We'll just step back and be patient until you qualify for a favorable mortgage or work with you while you save up a down payment to close with easy owner financing. We put you on your way to buying your home - right away - and while you live in it!

We Offer Easy Owner Financing Terms
If you were going to loan someone else's money, you'd make sure you were going to get it back, wouldn't you? Of course. You don't ever want to lose what's not yours. Banks and other lending institutions are the same way. They make you jump through hoops to get financed because the money that they loan to you actually belongs to their investors. It's essentially loaned to them. They can't afford to make a bad judgment call and default on their 'loan', so they're extra picky when deciding whether to loan to you. We're not like that. We are real estate investors who specialize in getting people with bad credit, rough job histories, and other financial troubles into homes. Our financing guidelines are a lot less strict than banks and other institutions, meaning we take into account the circumstances for your past financial and bad credit problems, then find a way to get you financed to buy the home you want. If you're paying rent now and have reliable income, we can most likely get you financed within mere days after you find a home you want to buy! Check out our creative financing programs.
Earn a Down Payment and Build Equity After You Move In
Equity and down payment are two important terms you need to know when you want to qualify for any sort of financing to buy a home. Simply defined, equity is the difference between what you owe on the home and what the home is worth. A down payment is viewed as proof of your commitment to repay the loan, and it also gives you instant equity. Both make you less of a lending risk and more appealing to lenders.

We offer both equity and down payment programs to you to make you more attractive to lenders, even if we become your lender through easy owner financing. If you need to save up for a down payment for a favorable mortgage, we can help you using our rent-to-own program. A portion of you rent each month will be applied to your down payment, enabling you to save while you own.
If you like doing repairs and can fix up a home, you can buy one of our fixer-upper properties we have listed occasionally. These properties were once beautiful homes and can be again with your personal touch. Every repair you make to your new home increases the value. When you increase the value, you've built up the equity. You can trade the repairs you do on your own home for a down payment! It's that easy!
You May Be Able to Buy With No Money Down

If you qualify for traditional financing, we may be able to pay all closing costs and expenses for you. In fact, if you can qualify for 100% financing, you can buy your home right now without spending a penny. We'll cover all your costs!
We Never Require a Large Down Payment to Finance Your Purchase
Our creative financing programs allow you to buy a house even if you have worse than bad credit, foreclosures, bankruptcies, an unstable job history, self employed, new to the area... or whatever situation you are facing that keeps you from qualifying for traditional financing.

When you don't have a large enough down payment to buy a home and close with easy owner financing, and when you can't qualify for a mortgage with a traditional lender to buy a home, we have rent-to-own and lease-option programs available to you that can get you into the home you want while you fix your financial situation.
We want you to quit wasting money on rent! Regardless of bad credit or your negative financial picture, we can help you on your way to buying the home you want right now! We finance 99% of people who contact us. Let us finance you.

We Help You Qualify for a Permanent Mortgage
We realize that owner financing and rent-to-own terms are just temporary fixes that allow you to buy a house right now regardless of bad credit or other negative situations. However, neither of these options are long term solutions for you as a homeowner. You're going to need a traditional mortgage down the road, but we help you qualify for that!

Our first objective is to help you buy the house you want using our creative financing programs. Once we have you financed through us and moved in, we start working with you to clear up your bad credit and repair your financial picture so that you can eventually qualify for a traditional mortgage through a bank or other institution.

If you have bad credit, we work with several reputable agencies that will help you repair your bad credit and improve your credit rating so that you qualify for bank financing. However, it can take three to twelve months after you clean up your bad credit before you can qualify for a traditional mortgage. Our creative financing programs allow you to buy your home right now while you work with an agency to improve your financial picture.
We can also refer you to a professional mortgage broker who will go through your credit, finances, debts, and job history with you, then tell you exactly what you need to do to qualify for a traditional mortgage. It's best to have a game plan to qualify down the road and know what you have to do. It'll save you time, money, and future headaches. Of course, all of this is while you are already living in the home you are buying.

Don't Wait Until Your House is Sold

Buying a home is quick and easy. We make it that way for you. All you have to do right now is:
• Join our buyer's list, and we'll let you know when new homes are listed.
• Find the house you want and contact us so that we can immediately begin to work with you to get you financed and in your new home, usually within a matter of days! The buyer's list is absolutely FREE, and so are our services.
Buying a home is as simple as taking action right now, finding the home you want, and contacting us. This time next week, you could be sitting in a home that you own.
Just remember that our properties sell quickly. Most of the time, they are only available for a few days before we move someone in. Millions of people are just like you and need alternative financing to make the leap to home ownership. You can buy a home, but you need to act right now to find the house that you want to buy before we sell your dream to someone else.
Click here to receive a list of our current inventory by email.

To learn more about stoping foreclosure on your home vist Philadelphia Foreclosure

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Housing:Economics 101 which deal with supply and demand

It seems like the unemployment numbers are coming out every week, but what is clear today is that it is a grim picture: there were 598,000 jobs lost in January, the most since 1974. Unemployment now stands at 7.6%. President Obama's economic team seized on the negative news to once again push for approval of the economic recovery package now before Congress.

"These numbers, and the very real suffering of American workers they represent, reinforce the need for bold fiscal action," said Christina Romer, head of the Council of Economic Advisers. "If we fail to act, we are likely to lose millions more jobs and the unemployment rate could reach double digits."

Hmm...perhaps if they fail to act we won't waste billions of dollars on pork? Let's hope the Senate revisions to this current package strip out the $700 million in free school lunches and the utter wasteful spending that's going on that has nothing to do with stimulating the economy. This bill is just a payback to the special interests ... and does little to nothing to actually assist HOUSING.

Folk, if you are reading this newsletter you know that HOUSING DEMAND IS THE KEY to economic recovery. The underlying problem with banks is that free-fall in housing prices. Until housing prices stabilize banks aren't going to lend. So until the government truly stimulates buyer demand and assists in getting those who can qualify affordable loans, this "stimulus" package will only prolong the recession and cause severe inflation in the future. Let's hope our representatives have some common sense and the wasted billions won't be as wasted.

Now, on to our real estate investing section...

Making Sense of Supply

If it has ever seemed like the mainstream media is just a little behind the time, it isn't your imagination. They are. Major media outlets typically report the news after the fact or once it has become more than evident to everyone. It should come as no surprise that the doom and gloom bunch hasn't picked up on the simply supply side economics situation currently confronting the nation...the trend is now clear, the inventory of both new and existing homes is shrinking. Clearly fewer homes are being built.

Everyone remembers economics 101 which deal with supply and demand; essentially the bigger the demand for something the less supply. The less supply the greater the price. When demand falls, an excess inventory or "supply" is temporarily created which often results in falling prices until the supply-demand balance is equalized.

During the height of the real estate boom, demand for real estate outpaced supply. This makes perfect sense especially when you consider how long it takes to build a house; six-months Is average but during the height of the building explosion it could take a year or longer as labor and raw materials were in such high demand they could not complete construction in the normal timely manner. This same lag time also created an excess inventory even as demand started to drop; those in the midst of construction were forced to finish a project or walk away with dramatic out of pocket expenses.

Currently the inventory of existing homes has started to fall...dramatically...beginning in December of 2008. This isn't a tiny glitch of a fall either; in one single month the supply of homes shrank from just over 11 months of inventory to just over 9 months. New homes show the same dramatic downward trend with just over 10 months inventory. Keep in mind, the historical average inventory of homes is roughly six months (not zero as many unfamiliar with real estate may initially believe) which doesn't leave a lot of room for future decrease.

About the author:
Chris McLaughlin is widely known as America's top
Real Estate Attorney and Investment Consultant.
* As the top Florida foreclosure and pre-
foreclosure expert, he oversees more than
100 short sale & REO closings each month

Critics say bailout offers little help for homeowners

The financial rescue plan approved by Congress and signed into law by President Bush aims to prop up Wall Street but may not do much for Main Street.


The historic $700 billion bailout of the American financial services industry signed into law Friday provides few solid assurances of help to struggling U.S. homeowners, housing observers and advocates agreed.

"We feel that this bill does nothing for homeowners," says Kathleen Day, spokeswoman for the Center for Responsible Lending, a nonprofit research and advocacy group. "This is what homeowners will get out of this bill: higher taxes and a continued erosion of home values because this bill does nothing to address the root cause of this problem, which is falling home prices, and they're being caused by the unprecedented tidal wave of foreclosures.

"It's a bailout for Wall Street."

Bill Apgar, senior scholar at the Joint Center for Housing Studies at Harvard University, mostly agrees. "Other than trying to stave off the worst recession in 50 years, there's no help for homeowners" here.

Vague language
After the initial bill failed, a new version of the rescue package, with several additions, was passed by the Senate Wednesday and was approved by the House Friday morning.

The law directs the Treasury Department to "maximize assistance for homeowners." But Brenda Muñiz, legislative director of the Association of Community Organizations for Reform Now, or Acorn, was disappointed by the vagueness of such language.

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Home Sales Index rose 6.3% to 87.7

Has a bottom in real estate been reached? Well at least some buyers think some. The National Association of Realtors reported today that The Pending Home Sales Index rose 6.3% to 87.7 in December from a revised reading of 82.5 in November. What happened? Homes are simply becoming more affordable. NAR's House Affordability index rose 10.9% in December to 158.8, the highest since NAR began tracking affordability in 1970.

Lawrence Yun, NAR chief economist, said the pending home index shows a modest rebound. "The monthly gain in pending home sales, spurred by buyers responding to lower home prices and mortgage interest rates, more than offset an index decline in the previous month," he said. "The biggest gains were in areas with the biggest improvements in affordability."

Demand For Reverse Mortgages Climbs

As the credit crisis has worsened, more seniors have turned to federally insured reverse mortgages to tap home equity and, in some cases, to prevent foreclosure.

While still a very small share of the borrowing market, demand for these mortgages climbed in 2008 as credit tightened and retirement savings plunged. The market is expected to grow significantly as loan amounts increase and baby boomers with inadequate savings tap their home equity to fund retirement. Consumer groups, however, warn that fees are high and the cash sometimes is misused.

"Americans have the bulk of their assets tied up in their homes, even now," says Greg McBride, senior financial analyst at Bankrate.com. "The demand for reverse mortgages is increasing by the day."

The Federal Housing Administration approved 115,176 loans in 2008, up 6.4% on a calendar-year basis.

Loan providers expect a jump in closings this year because a bill passed in July by Congress created a nationwide $417,000 equity limit for FHA reverse mortgages, also known as Home Equity Conversion Mortgages (HECMs).

Consulting firm Reverse Market Insight reported that Miami is the No. 1 market for reverse mortgages, followed by Los Angeles, Tampa, Fla., Santa Ana, Calif., and Baltimore.

As the name implies, reverse mortgages enable a person 62 or older to convert home equity into cash without selling a house. The older the person, and the more valuable the home, the more money they could borrow.

"It gives people another lever to pull," says McBride. "Reverse mortgages let you tap into the value of your home."

Peter Bell, president of the National Reverse Mortgage Lenders Association, says, "If the goal is to stay in the home, this is an excellent tool."

Unlike a home-equity line of credit, consumers don't need to have income or high credit score to apply for a reverse mortgage. They must own all or almost all of their home. The amount of money from the reverse mortgage depends on the person's age, appraised value of the home and current interest rates. A person must receive mandatory counseling before applying for the loan to ensure that they consider other options such as selling their home.

Payments can be set up as an annuity or a line of credit. The fees are high, with limits of $6,000 plus closing costs. The FHA guarantees the loans and ensures the homeowner that payments will be made as long as the borrower remains in the home. The FHA also guarantees the lender that it will receive its full payment.

"People who thought their retirements were set are finding out they don't have the resource they thought they would," says Bronwyn Belling, reverse mortgage specialist at the AARP Foundation, an affiliated entity of AARP. "It's a really valuable way to help make ends meet and to stay in their own homes."

But she warns that the decision should be delayed as long as possible and should not be made lightly because the fees are high.

Bell says the current economy has contributed to the demand. There are more cases of people who can't or don't want to sell their homes in the current market.

Today, a growing number of the borrowers are using the federally insured loans to free up monthly cash and to avoid foreclosure. McBride says consumers also use the extra cash for a repair or to pay taxes if they convert a traditional IRA into a Roth IRA.

The credit crisis has dried up the availability of private reverse mortgages with much higher limits, says Bell.

In some places home values have fallen so much that many seniors do not qualify for the loans.

Wealthy homeowners had been using the cash for a variety of reasons including to purchase second homes, distribute assets and purchase insurance policies.

Consumers shouldn't use the loans if they're not going to be in the homes for at least a couple of years because the upfront costs are high. Someone could expect to pay $15,000 or more in upfront fees and then additional monthly costs as well as the interest.

One of the biggest mistakes is using the money too early. The average rate of the borrower has declined to 73.1 years from 76 years in 2000.

"We're also starting to hear more reports that people are being encouraged to use the loan proceeds to invest unnecessarily in long term care insurance, shoddy home repairs or annuities that didn't pay until someone is over age 100," says Belling of AARP.

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