The Hugo Award for the economy and the market

This past week we received some numbers from Uncle Sam that truly need to be nominated for the Hugo awards. If you're not familiar with the Hugo's, The Hugo Awards, given annually since 1955, are science fiction’s most prestigious award.

I think it's fitting that we present the bean counters at the government with a Hugo, because this week we learned that second quarter GDP was up 3.3%.

This qualifies as the single greatest work of science fiction ever penned. While banks failed, while cars stopped being sold, while housing cratered, while the entire mortgage industry imploded, while layoffs rose, while bankruptcies rose, while foreclosures rose, while factory output fell, while, while, while..the GDP comes in up 3.3.

I figure that science fiction is the correct category for this rubbish, since they used some pretty alien equations to come up with some pretty imaginary numbers!

What do you think.....????

The FDIC isn't telling us something!

The government's latest assessment of the nation's financial system showed that many more small banks are in trouble. But what the report didn't say may speak volumes.

On Tuesday, the Federal Deposit Insurance Corp. revealed that the number of institutions on its so-called "problem bank" list jumped to 117 during the second quarter, up from 90 just three months earlier.

That list has gained greater attention lately as many banks continue to suffer losses stemming from the deteriorating housing market and slowdown in the broader economy. Nine banks have failed so far this year, including IndyMac, a California-based mortgage lender with assets of $32 billion at the time of its collapse.

But experts contend that the list is a lagging indicator and, as a result, may not provide an accurate picture of the current health of U.S. banking industry.

Typically, the list is published some 8 weeks after all of the nation's banks have reported their latest quarterly results.

Since the failure of IndyMac in mid-July, however, speculation has emerged that regulators may have exercised some discretion about which institutions they put on the confidential list.

The FDIC's first-quarter problem list, released at the end of May, clearly did not have IndyMac on it. That's because the FDIC reported that the 90 banks on the list had a combined $26.3 billion in assets - less than the size of IndyMac. That suggested that the only problem banks at the time were smaller community banks.

Experts say that if IndyMac had been on the list, the total asset size of troubled banks would have been much higher. That might have prompted a witch hunt of sorts, with the market looking for which bank was in trouble and possibly causing a run on that institution.

All of this is helping the Home Seller Assist program created by John Alexander to take off like wild fire and is helping people sell their homes quickly. Agents and loan officers are coming on board in droves to earn a 1% commission when they could not get loans approved before!

The Wealthy "Fish" in a Different "Lake"

These days, it seems everyone is out to make a quick buck. But they are all fishing in the same pond, so to speak. The real money is in a nearby lake... actually, more like an ocean of profits that almost no one knows about.

Take a walk with me and let me show how you can follow a few simple steps and lure more profits to you on a consistent basis than anything I've ever seen.


Tue Night: 8:00 EST Seller Call (sellers attend this call at www.webuyfastnow.com)

Tue Night: 9:30 EST Business Overview (learn how you make a 1% commission on any loan that funds at www.fastsellerloans.com)

Wed Night: 8:00 EST Seller Call (sellers attend this call at www.webuyfastnow.com)

New Webinar Times for Home Seller Assist program with John Alexander

Don't forget, we have a live presentation each Tues
and Wed followed by a Q&A session.

Tue Night: 8:00 CST Seller Call (www.webuyfastnow.com) attend this if you have a property to sell or buy

Tue Night: 9:30 CST Business Overview (www.fastsellerloans.com) attend this if you want to make a 1% on any loan that funds - my profits since June 23rd are just over $17,000

Wed Night: 8:00 CST Seller Call (www.webuyfastnow.com) attend this if you have a property to sell or buy

Wed Night: 9:30 CST HSA Training Call & Q/A Session (www.fastsellerloans.com)
using the info in our training, I have made over $17,000 since June 23rd

How Much of This Billion Dollar Pie Would You Like?

One industry is growing like gangbusters, despite what the economy does. And it's easier than ever to get in and grab your share of the profits. How much you make is up to you.

John Alexander, master in this field will walk you through each and every step of the Home Seller Assist program and what to do and how to do it. He has laid it all out for you - so making money this year couldn't be any easier.

It's a comprehensive, soup-to-nuts program that works. Right now, you can learn more by visiting www.fastsellerloans.com and watching the short video and then coming back each Tues and Wed at noon - Central and watching the live presentation followed by a Q&A session.

Building Wealth

For the average Joe or a major player on Wall Street, there is one proven way to jumpstart your cash flow and pull in some big bucks.

This "back door" to wealth-building is, for some, a close-to-perfect formula for consistently making money... regardless of what shape the economy is in.

Created by John Alexander, the Home Seller Assist program is helping people buy
houses that could not otherwise qualify and since there is no bank qualifying, the process is quick.

Best part: It is easy to follow this method and it flat out WORKS fast. To get the full scoop and all the exciting details just head over to www.fastsellerloans.com
and this visit our blog at

http://homesellerassist.blogspot.com

Biggest House-Buying Tip Ever

Begin with the end in mind. It doesn't matter if you plan to live in the property, rent it out, or renovate and flip it... before you buy, envision yourself selling it.

Brainstorm all the potential concerns your future buyer could have - starting with anything that made you question your own decision to buy. Is the property on a noisy street? Does the basement flood once in a while? What condition is the roof in? Is the layout of the house good for the average family? Is it in an up-and-coming neighborhood? Are other properties in the area comparable in value?

If there is anything about the place that makes you hesitate - anything that can't be fixed easily and cost effectively - you can be sure your future buyers will have the same problems with it. So forget it and move on to the next deal.

You are making an investment only if there is a reasonable probability that you will be able to make money when you sell. Buy every property with that in mind.

And if you or your buyer need financing, you should consider the Home Seller Assist program created by John Alexander and submit an application at www.webuyfastnow.com and if you want to make a 1% commission from the sale, then register at www.fastsellerloans.com They will also pay you a 1% on any other loan that funds.

Replacement Cost: A Great Reality Check for Real Estate

Let's say that 20-unit building is 15,000 square feet, and to build that structure brand-new would cost $100/square foot - or $1.5 million. But, of course, the building isn't new. If you were to bring it up to the standards of new construction (for its class), let's say it would cost you $500,000. So that means, to stay below replacement cost, you'd want to buy it for less than $1 million.

In other words, if you spent $1 million on the property and $500,000 to upgrade it to brand-new status, you'd be spending no more than anyone else who was willing to construct a brand-new competitive building in the area. In fact, your cost would still be under theirs, as you would have gotten the land along with your purchase of the building.

Staying near or below replacement cost isn't always possible - especially in increasingly popular, higher-end neighborhoods. But in today's bear market, it is becoming easier in every kind of neighborhood.

And buying below replacement cost is not a guarantee of success. After all, if you buy into a neighborhood that's in serious decline, you may find no one willing to build there in future years at almost any cost. However, that is an extreme case. And you'd certainly be worse off if the neighborhood went into serious decline after you had paid far more than replacement cost.

So at the very least, buying near or below replacement cost will greatly reduce your risk on every type of real estate purchase. That - and your insistence on buying at prices that cash flow with a good yield - will help you be a shrewd buyer in a bear market.

Your success will not hinge on your ability to guess the bottom. Go ahead and make that judgment call along with others - including the best markets and neighborhoods to invest in. But get the numbers right first and buy cash flow, undervalued on a $/square foot basis and on a replacement cost basis, and your rare mistakes can still make you money in the long run... while your more frequent successes can make you (and your investors) a fortune much more quickly.

Tune into the live presentation by John Alexander of the Home Seller Assist program followed by a Q&A session each Tues and Wed at noon - Central. It all takes place at www.fastsellerloans.com, bring your questions.

Home Seller Assist Program to Flip Short Sales or REOs

Now You Can Use The New Home Seller Assist Program to Flip Short Sales or REOs

Investors, Agents, Builders, Loan Officers and Real Estate Professionals ... Close more deals

Sellers ... Top Dollar, Fast Closings, and all CASH at closing

Buyers ... Easy Terms and No-Hassle Financing - Credit Scores Down to 550

If you need a loan, visit www.webuyfastnow.com and click on the Home Seller Assist Buyer Application on the left, you can also pull your 3 credit scores from a link below that.

If you would like to make a 1% commission on any loan that funds through the Home Seller Assist program or be able to use the financing for REOs and short sale flips, please visit www.fastsellerloans.com and register at the bottom.

Larry Potter, Pres.
KIM-LAR, INC.
wallmann33@msn.com
847-872-4047

US foreclosure filings surge 55 percent

WASHINGTON (AP) -- The number of homeowners stung by the dramatic decline in the U.S. housing market jumped last month as foreclosure filings grew by more than 50 percent compared with the same month a year ago, according to data released Thursday.

Nationwide, more than 272,000 homes received at least one foreclosure-related notice in July, up 55 percent from about 175,000 in the same month last year and up 8 percent from June, RealtyTrac Inc. said. That means one in every 464 U.S. households received a foreclosure filing last month.

Irvine, Calif.-based RealtyTrac monitors default notices, auction sale notices and bank repossessions. More than 77,000 properties were repossessed by lenders nationwide in July, the company said.

Nevada, California, Florida, Arizona, Ohio, Georgia and Michigan had the highest foreclosure rates. Foreclosure filings increased from a year earlier in all but eight states.

The combination of weak housing sales, falling home values, tighter mortgage lending criteria and a slowing U.S. economy has left financially strapped homeowners with few options to avoid foreclosure. Many can't find buyers or owe more than their home is worth and can't refinance into an affordable loan.

As foreclosures soar, banks and mortgage investors are also facing a pileup of foreclosed properties on their books and are cutting prices dramatically.

RealtyTrac noted that it had more than 750,000 foreclosed homes in its database of properties for sale, equal to about 17 percent of the 4.5 million U.S. homes that were up for sale in June.

To speed up the disposition of the 54,000 foreclosed properties it owns, Fannie Mae is opening offices in California and Florida and is considering selling those properties in bulk to investors. "I do not think this is a time to be holding onto (foreclosed properties) hoping for a better day," CEO Daniel Mudd said last week.

It remains to be seen how much the government's intervention will stem the housing crisis. President Bush last month signed sweeping housing legislation that aims to prevent foreclosures by allowing homeowners to swap their mortgages for more affordable loans, but only if their lender agrees to take a loss on the initial loan.

The bill is projected to help about 400,000 households.

The number of foreclosures "could start to stabilize as early as the first quarter of next year if the government program gains any traction," said Rick Sharga, RealtyTrac's vice president for marketing. "That's really the unknowable right now."

Even with government help, nearly 2.8 million U.S. households will either face foreclosure, turn over their homes to their lender or sell the properties for less than their mortgage's value by the end of next year, predicts Moody's Economy.com.

In the RealtyTrac report, the Cape Coral-Fort Myers area in Florida was the metro area with the highest rate of foreclosure, followed by three California cities: Merced, Stockton, and Modesto. Las Vegas ranked fifth.

Time To Take Advantage of The New Funding Program To Flip These Properties

Are Coulda-Woulda-Shouldas Cluttering Your Shelves?

Does this sound familiar?

You have big plans...

Then you fall off track...

Or get sidelined by your day-to-day responsibilities...

And then you decide to push back your dreams another week or month or year.

"I'll just wait until January," you say. "Then I'll make a resolution to start again. And I'll really do it this time."

But guess what? You NEVER take action on those goals.

It's time to break the cycle and make your dreams come true

Tap Here Now and get moving!

Larry Potter

Real Estate Success for Investors

Real estate can be your ticket to massive wealth, an early and fruitful retirement - even financial independence for the rest of your life. But, as with any new venture, getting started can be tricky.

Since August of 1984, I've made plenty of mistakes. By learning from my mistakes, you can sidestep some of the pitfalls and start making money much faster. And you do it by memorizing three simple words:

Goals
Abilities
Resources

If every new real estate investor would take these three words, analyze them, and build a plan for each, there would be few - if any - nightmare investments.

New investors can be fearful and very careful... or confident and decisive. But it really doesn't matter. It comes down to goals, abilities, and resources for all of them. These three words can fill the voids, fix the shortcomings, and enhance the strengths of practically any real estate deal.

Here's how to put them to work for you...

#1: Goals

Before you enter into any real estate deal, ask yourself what your goals are. You don't need to become an expert in the lingo, investment practices, mathematics, evaluation, negotiation, or any other specifics of the process at this point. Simply decide what you want to accomplish. What do you want to see as a result of your investments? Sure, you want to make a lot of money. But do you want to make that money as a very active and hands-on property manager? Would you prefer the kind of deals that will require very little of your time? Do you want to do your real estate investing on the side, while you continue working at your primary career?

Just jumping in without knowing what they're after has taken down many an investor. The eager newbie takes on more than he should, and ends up having to hire out management, repair, and maintenance. He finds that his positive cash flow investment has evaporated, and he has to search for a buyer to get himself out of the predicament.

It's critical to the success of your investment that you sit down and honestly examine why you want to invest in real estate... what you're willing to do to succeed... and what your expectations are for income and future ROI (return on investment). This will help you determine where to look for investment property... what type of property to buy (single-family homes, multi-unit buildings with hired management, etc.)... and how much time and money you can expect to put into the project.

Once you've completed this self-analysis, you will have a plan.

#2: Abilities

Once you've set your goals, ask yourself another critical question: "What are my abilities?" This is not meant to discourage you from implementing your plan. It is merely a transition step between establishing your goals and the actual act of investing. You can't do a good job of determining what kind of help you'll need until you know what you can do for yourself.

Here is a checklist of the skills that are necessary:

Gathering and analyzing market trends and information
Locating properties, even if they aren't currently "on the market"
Evaluating properties for condition and possible repair or renovation
Determining the costs of repair or renovation
Valuation of properties with all the necessary ROI and math tools
Negotiating with sellers or their agents
Overseeing repairs and renovations
Property management, maintenance, rent collection, eviction, etc.

Again, honest self-assessment is critical. Don't puff yourself up, but don't sell yourself short either. Be conservative in evaluating your abilities - keeping in mind that you will be able to hire or partner with other people to take care of anything you can't (or don't want to) do.

If you've never lifted a hammer to build so much as a dog house, you would want to prepare for the necessity and expense of selecting, hiring, and dealing with contractors. If you buckle under at the first hint of opposition, you would want to consider working with a real estate professional or trusted associate for the negotiation phase. If you hate math and finances, you would want to find a partner who is good at it or plan to get help from a professional.

And that brings us to the last key to investing success:

#3: Resources

You have a goal and a realistic assessment of your abilities. You know what you want to accomplish. And you know what you can and cannot do on your own. Now all you need to do is fill in the gaps. It's all about resources - where to find them and how to use them.

When it comes to market knowledge, area demographics, and local and national market trends, it used to mean spending hours in the library. But, as with most research these days, now it's all about the Internet. It's still worth checking out the library, but the latest and most valuable information will be on the Web. Learn to use the search engines, bookmark useful sites, and build a research database of information.

Two websites for researching your market are homefair.com and reia.org.

As a beginning real estate investor, you can learn the ropes and start making money much faster by enlisting the help of experts. Build your support team early on. Ideally, your team should consist of the following:

attorney
accountant
real estate professional
general handyman
major-renovation contractor
title company
banker or lender

You'll find that there are reliable and trustworthy people in all of the above areas who will be willing and ready to help you in your investment business. Start with friends, relatives, and other people you know. You can also check out craigslist.com or angieslist.com.

When you get into the nitty-gritty of real estate investing, you'll become aware of tons of tools and techniques that can help you find great deals and make a healthy profit. In fact, you can learn plenty of strategies for investing right here in ETR. But when you're just starting out - before you've made a single offer on a single property - make sure you set your goals, determine your abilities, and line up your resources. You'll be laying the foundation for a truly successful career in real estate.

And do not forget to tune into our live sessions at noon - Central each Tues and Wed at www.fastsellerloans.com

The lending program just keeps growing, don't miss out!

New Financing In Place For REOs and Short Sales

Our number one request from the field is can we use the Home Seller Assist program on SHORT SALES OR REO'S. Until now, the answer was no. But it wasn't because we couldn't do them, it was logistics. The bank requires the buyer's own funds to pay for the home at closing. You can't "create a note" and sell at closing to create the funds that pay the bank for the home. That's not allowed by the foreclosing banks.

Now our funder will use their own funds to partner the deal with our members by putting up the money to buy the home and then using the note creation to exit the purchase loan. The member must have a buyer lined up that has been approved for our owner financing and have a purchase agreement in place with the bank where the offer was placed under an "and or assigns" with the bank. This will allow a Joint Venture to be quickly formed for the actual purchase using the note buyer's funds. This is completed in a single closing. There is a second closing where the Joint Venture closes on the note with end buyer and the temporary loan to the Joint Venture is paid off. After the 2nd closing, the profits are split.

This program allows investors to flip Short Sales and REOs without using any of their own cash or obtaining a loan. Your Joint Venture partner puts up the money and assumes the risk of the second closing not occurring and being stuck with a home and an outstanding loan amount.

This program will open up huge number of investors and past investors who are locked out of taking advantage of this market. Even CNN has posted a quick overview on their site on how to by foreclosures. Everyone wants to buy them, but can't get the money to flip them. Now we are providing that cure.

Find out more details on Tuesday during the 2:00pm EST at www.fastsellerloans.com

Larry

The Truly Wealthy "Fish" in a Different "Lake"

These days, it seems everyone is out to make a quick buck. But they are all fishing in the same pond, so to speak. The real money is in a nearby lake... actually, more like an ocean of profits that almost no one knows about.

Take a walk with me and let me show how you can follow a few simple steps and lure more profits to you on a consistent basis than anything I've ever seen.

You've heard the old saying, "Give a man a fish, feed him for a day... Teach him how to fish, feed him for a lifetime." Well, friend, this is that lifetime of profits available to you. Up to you how long you want to "fish" there. Personally, I'll be there a long while... If you want to join me, tap here... and learn how fast you can start making money.

3 specific headline strategies for grabbing attention:

Attention-Grabbing Strategy #1: Name them.

Considering Buying a Home?
Mind Maps for Teachers
Actor's Disability Insurance

Attention-Grabbing Strategy #2: Mirror their itch.

Can't Get a Home Loan?
Rotten-Egg Water Odors?
Disorganized?

Attention-Grabbing Strategy #3: Arouse their curiosity.

Are You Credit Challenged?
Are You a Slacker Mom?
Copywriting Secret #19

Pique your prospect's interest, and you have a higher chance of getting him to read what you have to say. And that's the key to turning him into a full-fledged paying customer.

World's Most Perfect Online Business?

The Home Seller Assist program, created by John Alexander, is one of the world's most perfect online businesses. Here's why I think so.

For just a few hours of work, you have a genuine shot at setting up an great income stream where money flows into your bank account every month. You don't need any experience. You don't need much money. You don't need your own product or existing business. The first week, I made $550 and the second week, I made $1450

Learn all about this new program, called Home Seller Assist at www.fastsellerloans.com

You can keep going through the motions, trying to keep up with the Joneses, and wondering if there is more to this life... or you can open the door to a whole new level of success, financial independence, and achievement.

It's the difference between having a job you dread, or the job you dream about... between retiring with just enough to get by, or with a great nest egg... between living the life you live today, or living the life of those you envy...

Here's your opportunity for a once-in-a-lifetime insider's look into the practical ideas, systems, and methods for creating an abundant life for you and your family.

Visit us now and each Tues and Wed at noon - Central for a live presentation followed by a Q&A session. It all takes place at www.fastsellerloans.com

Hope to see you there.

Larry Potter
847-872-4047

About Ready to Give Up on EVER Getting Ahead?

I don't blame YOU. More likely to blame are the METHODS you've been using.

So let me show you something different. Something that is virtually foolproof and WORKS very nearly 100% of the time. if you follow the plan.

And let me be more specific. I'm talking about something which, if applied according to this simple step-by-step instruction, can alter the course of your life.

That's a bold promise, and I'm very serious... because this is a VERY serious proposition from a VERY serious entrepreneur direct to you.

At this moment, YOU have a one-time window of opportunity like none other...

To take advantage of this opportunity visit us at www.fastsellerloans.com