Inflated Adjustable Rate Mortgages open the Flood Gates to the Pre-foreclosure Market

Jeff Kaller says that Short Sells is the most effective solution to salvage the real estate market

(EMAILWIRE.COM, May 01, 2008 ) Boston, MA – Homeowners all across the U.S. have been hit hard by the increase of interest rates on adjustable rate mortgages (ARMs). Renowned real estate investor and instructor, Jeff Kaller, says that pre-foreclosure investing is the most effective solution to salvage the real estate market (to learn more go to http://www.freeshortsalecourse.com/ .
Most banks will negotiate a price less than what is owed on the mortgage in order to get some return on the property but the transaction usually must happen very quickly to make it worthwhile for the bank to agree to the sale. This creates a text-book pre-foreclosure "short sale" situation. The most attractive opportunity to buying a foreclosure is the pre-foreclosure stage. This phase occurs before the property is at the courthouse auction. At this point the property is not yet in foreclosure and the lender is usually willing to negotiate an affordable purchase price.
Deals of this nature typically realize discounts of 20 to 40 percent below market value. In today's heated sub prime market, those numbers are very realistic. With the foreclosure rate running at a record-setting pace it is understandable why many homeowners are willing to do anything or sign anything to keep from losing their homes. Before purchasing the property though, investors should first do some research on the property to find how much money is owed on it. This has caused a need for mortgage industry professionals to receive training in pre-foreclosure consulting techniques.
Jeff teaches the real estate secrets of purchasing pre-foreclosure properties while executing real estate theory to actual practice. Learn the technique at http://www.freeshortsalecourse.com/
Contact Information:
Paramount Promotions LLC (The Countries Leading Short Sale Trainer)

Mark Maupin
303-B Anastasia Blvd. #148
St. Augustine, FL 32080
904-819-0676
Email Address: mgeronimo@thejeffkaller.com
http://www.jeffsworkshop.com/


This Press Release has been submitted by PREasy.com