I now have access to foreclosure purchase money for Trustee's Sale properites (at the Courthouse steps). The terms are as follows:

* 75% of the purchase price ($100,000 to $1,000,000 plus per property).

* No Income, No Asset Verification.
* Decent FICO scores.
* Rates will vary depending upon a variety of factors (12% to 14%+ annualized).
* Borrowers may be an individual, corporation, or an LLC.
* We may be able to get you the check for the Trustee's Sale within a matter of a few days.

For more information or an on-line loan application, please email me through this website. We also have the data systems to find many of the best REO deals in Southern California.

I have over 20 years experience now in purchasing or lending on deeply discounted mortgage notes and foreclosed properties in various states. Some of the deals have been individual homes, and others may have been large commercial mortgages secured by multi million dollar properties.

As I keep writing in my Daily Blogs here, many of the largest lenders in America may be technically insolvent right now. As a result, they need cash anyway possible so they are more willing to deeply discount their existing oustanding mortgage debt (secured by both commercial and residential properties) in order to improve their horrific balance sheets.

In some cases, we may be able to bring in the non-conventional lending options to acquire these deeply discounted mortgages (performing or non-performing) in order to acquire both the subject property as well as the discounted debt simultaneously.

Here is an example:

** Retail Shopping Center: Current Value - $50 Million. Existing mortgage debt with ABC Bank: $35 Million (which may be delinquent, close to delinquent, or the loan is ballooning in the near term).

In this example above, the fictional ABC Bank may be willing to discount the debt to $21 Million (under 45% LTV) now in order to receive much needed cash right now. Our clients may then either refinance or purchase this deal and eliminate $14 Million in debt (while creating $14 Million in equity at the same time).

Isn't this an excellent example of a commercial loan modification program (and/or acquisition deal) which may create instant wealth for whomever is savvy and liquid enough (or who has the great access to 3rd party money like we currently offer our clients) to fund these deals?

The Credit Crisis continues to hurt most people around the world. For those individuals who have the money sources, there may NEVER be a better time to find invesment opportunities for both residential and commercial properties nationwide.

The recent "Stress Tests" issued by the U.S. government in order to see how solvent or insolvent many of the biggest American banks are these days may have come back with some troubling figures recently. According to various media reports and banking analysts, Citibank, Bank of America, JP Morgan Chase, and Wells Fargo may need a lot more capital to remain in business.

Some banking analysts estimate that Bank of America may need anywhere from $60 to $100 billion to meet the minimum "required capital" requirements set by our government. In addition, some analysts think that Citibank may need at least $50 billion.

Also, some analysts (including Friedman Billing Ramsey & Egan-Jones) believe that Wells Fargo may need at least $66 billion, and JP Morgan Chase may need at least $33 billion. 

Sadly, these 4 banks are the 4 largest banks in America right now. Hopefully, these financial institutions can meet the minimum "required capital" guidelines or they may each need more bailouts in order to keep their doors open. 

Regardless, these banks (and many others) will need to sell off their prime real estate assets at any price possible in order to generate much needed cash. As a result, there may continue to be some excellent REO foreclosure invesment opportunities all over our great nation.

As of last week, we now have much better REO pool financing options for our clients. The terms are as follows:

* Blanket Loans: $ 1 - $ 50 Million.

* Rates near 7%.

* 5 Year Fixed Rates

* Partial Release Clauses built within the loan. You may sell off each property individually at a later date.

* Loan is available Nationwide.

* Residential and Commercial Properties.

* Up to 75% LTV.

Many banks are still selling their existing foreclosure home inventories for literally cents on the dollar so now is the time to profit from the on-going Credit Crisis.

Please review the upside pyramid chart to better understand the potential severity of the collapsing derivatives market as it relates to the value of all other forms of assets and credit worldwide. This colorful chart clearly and colorfully illustrates how dire indeed the state of the world's financial markets really are now in 2009. CLICK ON CHART TO ENLARGE.

Banks will need to unload their prime assets for literally cents on the dollar in order to raise much needed capital. We have the great contacts available to find their REO investments in 2009 and beyond.

The Popping Derivatives Bubble Chart which I created.

Please take a look at the corresponding Derivatives "Bubble" chart which I created. It clearly shows that the existing Derivatives debts worldwide (i.e. Mortgage Backed Securities, Collaterized Debt Obligations, Credit Default Swaps, etc.) far exceed ALL prime assets worldwide several times over (stocks, bonds, real estate, etc.). CLICK ON CHART TO SEE IT BETTER.

As the meetings of the G-20 leaders concluded this week in London, there were serious discussions on-going about the possiblity of replacing the "almighty" U.S. Dollar with another "reserve" currency worldwide.

In fact, the topics included the possibility of replacing the U.S. Dollar with the Chinese Huan (which normally "floats" in line with the U.S. Dollar anyway). China, obviously, gets much of its capital from exports to the USA. In addition, China and Japan are the two largest purchasers of our U.S. Treasury Debt. 

Other possible topics (fully endorsed by Russia and other nations) included a new "world currency" to be managed and maintained by the IMF (International Monetary Fund) as well as the World Bank. This new global currency may, in fact, be a form of "Special Drawing Rights" (SDRs - a form of a "basket" of various currencies worldwide). 

The G-20 meetings did not formalize the actual replacement of the weakening U.S. Dollar with SDRs as of this week. However, this real possibility still may happen in the near term. Sadly, this may impact the U.S. bond, real estate, and stock markets tremendously should this occur as many foreign investors will then dump their holdings in U.S. Dollars. 

This, in turn, will cause the U.S. Dollar to comedown even more in value. This may then lead to hyperinflation, and asset deflation (an economic occurence which has never happened simultaneously in the U.S.A.'s entire history.

The word "crisis" has two meanings in Chinese. One meaning is "danger", and the other meaning is "opportunity". Obviously, the Credit Crisis continues to worsen every day around the world in spite of the world's economic leaders attempts to improve the situation.

As we anxiously await the outcome of the on-going G-20 Meetings in London, we will soon see what new regulations and solutions may be forthcoming to hopefully help the citizens of the world. We should all know more later today or tomorrow in regard to some of the new solutions being proposed and/or soon to be enacted.

We continue to offer our clients individual and large pools of REO (bank foreclosures) properties around the nation. In some cases, the discounted prices are in the 20 - 55 cents on the dollar price range (based upon the most conservative market values today).

In addition, we offer REO pool financing up to 65% to 70% LTV (Loan to Value) within the $1 to $10 million price range. For more details in regard to how to prosper in these on-going tough times, please contact me direct at the office.

The quadrillion dollar derivatives meltdown continues at an escalating pace around the world. Again, a quadrillion (plus or minus another 125 to 500 Trillion up to as high as 1,500 trillion) is 1,000 trillion dollars. 

If you start with a million dollars, please multiply it times 1,000. Then, please take that number and multiply by another 1,000. Then, please take that new number and multiply by another 1,000 (1,000,000 x 1,000 x 1,000 x 1,000). This new number will then be a quadrillion.

Or counting one dollar per second, it will take you 32 million years to count to a quadrillion. The size of this number is stagerring when compared with the current size of assets around the world. For example, here are the most current 2009 asset sizes:

* Annual U.S. GNP (Gross National Product): $14.2 Trillion.
* Entire U.S. Money Supply: $15 Trillion.
* U.S. Stock Markets Combined: $15 Trillion.
* All Residential Real Estate Combined (USA): $23 Trillion.
* Combined Value of All Stock Markets In The World: $50 Trillion.
* The Combined Value Of All Real Estate On The Planet: $75 Trillion.
* All Of The World's Stock & Bond Markets Combined: $100 Trillion.

The unwinding of these 1,000 to 1,500 Trillion derivatives around the world which may also, sadly, be leveraged up to 95% on margin (or borrowed) money is what The Credit Crisis is all about now. Derivatives are really just glorified complex debt instruments (a hybrid of financial and insurance). 

Remember, derivatives are what forced Orange County, CA to file for bankruptcy in 1994 (Merrill Lynch's interest rate options derivatives), wiped out Bear Stearns and Lehman Brothers, collapsed Long Term Capital Management (in 1998 - the largest hedge fund collapse at the time which almost took down the world's financial system - See Video #2 on this same website), and also caused the implosion of both Enron and Worldcom.

When the current debt levels far exceed the current asset levels here in the U.S. and around the world, then we may have some turbulent financial markets as we all are beginning to see more and more each day.

In Febraury '09, national foreclosure numbers (completed at the final sale - Trustee's Sale or Judicial Sale depending upon the state) were 67% higher than in January (just one month prior). There were over 121,000 homes which were taken back by their respective lenders during February '09 (sadly, the shortest month of the year). 

In addition, the number of "pre-foreclosure" filings (or Notice of Defaults in Trust Deed states like California) were also at new highs (over 207,000). In most cases now, properties which receive a Notice of Default (or "pre-foreclosure" filings) now typically go all the way to final sale. In most cases now (97%), there is no third party (private or institutional investor) at the final auction sale so almost 97% of these properties end up back with the lender (via their REO department).

If February's record foreclosure pace continues, then lenders may take back over 1.2 million homes nationwide in 2009 alone. Completed foreclosures (in which they went all the way to auction sale) were up 138% in the Northeast, 90% in the Midwest, and 63% in the Southwest between just January and February of 2009. 

In California alone, foreclosures were up 67% in just one month. I am glad that February only had 28 days this year. Otherwise, the numbers would have been even SCARIER!!!! For the best REO investment deals and third party financing options, please continue to visit my website here.