The powers that be are attempting to stop Dr. James David Manning & ATLAH Ministries. They shall not succeed. Recorded on 11 October 2010.

Posted By Andrew Luck
A Natural Born Person

More government control?

Posted By Andrew Luck
A Natural Born Person

By Louise Radnofsky
Wall Street Journal
October 7, 2010

The Social Security Administration sent about 89,000 stimulus payments of $250 each to dead and incarcerated people — but almost half of them were returned, a new inspector-general’s report has found.

The inspector general found that about 72,000 payments were sent by electronic-transfer and as checks to people who would have qualified to receive them — had they still been alive. The report said that of these payments, about 55,000 were sent because the recipients had died recently, and the Social Security Administration had not been informed of their deaths by states, families or funeral homes at the time the payments were sent. The remaining 17,000 of the mistaken payments were attributed to the SSA failing to properly process death records that it did have.

You may view the full article at http://blogs.wsj.com/washwire/2010/10/07/maybe-you-can-take-it-with-you-stimulus-checks-sent-to-the-dead/

Posted By Andrew Luck
A Natural Born Person

Where are the jobs?????????

Posted By Andrew Luck
A Natural Born Person

Here is what Nancy Pelosi thinks Americans want instead of jobs?

Protecting Your Foreclosure Rights

While people who are being foreclosed on have rights, you as an investor must be conscientious of those rights while still knowing when it is time to stand up for your own rights. Yes, believe it or not, foreclosure investors have rights, too. Let’s take a look at one of these laws that is meant to protect the individual losing the home and how you can use the same law to help protect yourself.

Right of Redemption

The Right of Redemption law gives the previous homeowner, the one whose house was just foreclosed on, a certain amount of time after the sale of the foreclosure to “redeem” their property. This can be a big pain for foreclosure investors who are on a strict time crunch to get the house remodeled and back on the market for a profit.

While the homeowner should have a chance, this can wreak havoc on the nerves of a foreclosure investor. It is important to be extremely careful because your profitable investment could wind back up in the hands of the default borrower again and you could be out a lot of money. Be sure to work this redemption time into your overall plan.

Know the Period of Redemption

It is important to know the Right of Redemption period of the jurisdiction for the property you are trying to purchase. Each state varies and different counties or parishes within those states could have their own laws. Some periods can last up to a full year, giving the previous homeowner plenty of time to work their way out of their foreclosure issue. Some areas in Florida, on the other hand have time frames as little as one day.

Until the period of redemption is up, you should really hold off on doing any repairs. The last thing you want is to have a fully remodeled home when the homeowner decides to reclaim their property. If this happens, seek legal advice because the owner, technically, does not have to pay you anything for your work. The only thing they are responsible for is back taxes and any other mortgage and insurance fees associated with repossessing their house. The best way to avoid this is know the law and be willing to wait to take possession and to do any remodeling.

Buy Your Rights

You do have the option to purchase Redemption Rights from the owner at the time of sale. Many times buying these rights will put you out another couple thousand dollars, but you will be able to proceed with your plan. Many owners, if they are being foreclosed on, are in no position to exercise their redemption rights to begin with, but the last thing you want is the off chance that it happens.

You can also try to buy the rights from an owner and then “reclaim” the house after it is sold for a fraction of the price at auction. This is a risky move and it helps to have a realtor and a real estate lawyer on your side.

You do have rights as a foreclosure investor. While those rights must come second to the rights of the previous homeowner, they are rights nonetheless. If you have any questions about all of your rights as an investor, be sure to seek legal counsel with a foreclosure attorney.

Click this link to go to previous article: http://atlah.org/atlahworldwide/?p=10223

Go to Leonard Volodarsky’s website at www.theloandoctor.com for more information

Finding The Right Bank

In the foreclosure-investing world, it is important to have the right bank backing up your decisions. You want a bank who will work with you as quickly as possible in order to seal the deal and win the bid on that prime foreclosure. Having a bank that does not work well with you and your timetables, even if they have great percentage rates, can hurt your business because you may end up losing those great foreclosure bids. There are four simple things to look for when determining if a bank is right for you and your foreclosure investment business.

People

You have heard it before about a restaurant, “the servers make all the difference in the world.” The same is actually true about finding a good bank. Having the right people who can get on board with your vision and understand what you need in a bank is almost more important than the house you are bidding on.

When people can relate to you and make your banking time enjoyable, it says a lot for how well you will do in the foreclosure investing world. Even if a bank’s interest rates are a quarter of a percent higher than the crummy bank down the road, it may be worth it because your attitude and confidence when bidding will be much better with a bank you can trust as opposed to a bank in which the people just gave you the run around.

Hours

A bankers lax hours may be a source for jokes, but it’s not funny when you’re trying to run an investment business. Pick a bank and banker who is there when you need them to be. Many banks are now open later, but make sure you pick one with online banking and a 24-hour customer service line. Again, the online agents must be good people, too, who are willing and able to help you get answers whether it is midnight or midday.

Location

Picking a bank with many locations is always a good idea. When getting ready to go to war on foreclosure biddings, the last thing you want to do is drive an hour across town to visit your bank. Your bank should have a location that is convenient to wherever you are.

Keeping the locations close allows you to swing by, pick up a check and get back before anyone realizes you were away. It is also helpful to have a bank close to the auction just in case you need to make any last minute changes to your account or request more money.

Speed

Having a friendly, knowledgeable, and convenient bank is great, unless it takes a minimum of two weeks in order to get a response to a request. The bank you choose must be quick with their responses. If you can’t get a fast answer to a question, get another bank.

It is important to balance that speed with being efficient, but a bank that is top in both categories is one that you want to hang onto. If there is a problem with another investors’ funding at an auction and your bank can turn around a counter offer quickly, you might have a shot at scoring that foreclosure after all.

Picking the right bank is important if you plan on investing in foreclosures. Make sure you look for the quality of people, the hours of operation, the locations of branches, and the speed at which everyone operates. Most importantly, find a bank that fits your needs and works the way you like best.

Click this link to go to previous article: http://atlah.org/atlahworldwide/?p=10220

Go to Leonard Volodarsky’s website at www.theloandoctor.com for more information

Top 10 Foreclosure Cities

With the looming housing market, there are foreclosures popping up everywhere. Some markets have a wider range of foreclosed homes than others, but just about everywhere is feeling the blow. Let’s take a look at the top 10 cities for foreclosure investors based on the poll done by CNBC in 2010, listed in order by median price:

Pittsburgh, Pa.
Foreclosure discount 59%, Foreclosure as a % of resales 10%, Non-foreclosure median price $123,000, Foreclosure median price $35,000

Cincinnati, Ohio
Foreclosure discount 39%, Foreclosure as a % of resales 15%, Non-foreclosure median price $141,000, Foreclosure median price $65,000

Columbus, Ohio
Foreclosure discount 38%, Foreclosure as a % of resales 19%, Non-foreclosure median price $158,000, Foreclosure median price $71,000

Kansas City, Mo.
Foreclosure Discount 25%, Foreclosure as a % of resales 29%, Non-foreclosure Median Price $142,048, Foreclosure Median Price $97,152

Phoenix, Ariz.
Foreclosure discount 29%, Foreclosure as a % of resales 58%, Non-foreclosure median price $168,000, Foreclosure median price $100,000

Minneapolis-St Paul, Minn.
Foreclosure discount 34%, Foreclosure as a % of resales 26%, Non-foreclosure median price $210,000, Foreclosure median price $114,300

Denver, Colo.
Foreclosure discount 27%, Foreclosure as a % of resales 25%, Non-foreclosure median price $225,000, Foreclosure median price $135,000

Riverside, Calif.
Foreclosure discount 25%, Foreclosure as a % of resales 66%, Non-foreclosure median price $205,000, Foreclosure median price $140,000

San Francisco, Calif.
Foreclosure discount 24%, Foreclosure as a % of resales 39%, Non-foreclosure median price $530,000, Foreclosure median price $230,000

Los Angeles, Calif.
Foreclosure discount 27%, Foreclosure as a % of resales 39%, Non-foreclosure median price $435,000, Foreclosure median price $232,000

One of the interesting things about this list is the fact that California represents almost a third of the foreclosure market in the United States while Ohio takes a fifth of the market. Now, these results are based on the discount at the time of sale. It is also striking to note that of the top ten cities, the one with the biggest percentage of resale was not the city with the largest percent discount, but instead the markets which were usually known for their outrageous house prices.

In an investing strategy, this makes good sense, but it seems like a person who is buying for the long term, say five to ten years, will get much more out of the investment than a foreclosure investor who is just rehabbing the house in order to make a quick profit. With the lower discount percent, there is less room for play when it comes to upgrades and time on the market. On the flip side, with the bigger discount, there is more room to play around with possible upgrades.

Either way, many of the top metropolitan cities are on the list with areas like Miami, Atlanta and even Washington DC coming in under the top 25 cities hardest hit by the foreclosure wave. While this is difficult news for homeowners, foreclosure investors are taking full advantage of the prime buying time.

Click this link to go to previous article: http://atlah.org/atlahworldwide/?p=10216

Go to Leonard Volodarsky’s website at www.theloandoctor.com for more information