alternative financing
TRANSCRIPT
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The Market Has Shifted
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Credit Scores
Are Going Down
Credit Criteria
Is Going Up
“July 12th of 2010 the Wall Street Journal reported that 43 million Americans had credit scores of 599 or below – 25.5% of adults”
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March ‘08 – 1st time ever
-580 is the new minimumthen…
-620 by January of 2009then…
-640 by November 2010
-660 by……….?
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Conventional HasPunitive Pricing For
Everything Less ThanPerfect Credit
and a LargeDown Payment
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There Are Estimates That 35-40% of Credit Reports Are Below 640
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What About the Self Employed That Have Good
Credit But CannotGet A Loan
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Which Means About50 % Do Not Qualify
For Institutional Financing
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If 10% Cannot Get A Loan
That’s The Buyer’s Problem
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When 50% Cannot Get A Loan
It IsEverybody’s Problem
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So You Have Three Options
1. Get Out of the Business
2. Prospect Sooooo Much You Have Enough People
3. Learn To Do Business In Today’s Market
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Alternative Financing Options
3 unique ways to structure a transaction
• Lease option• All-inclusive Trust Deed
aka Wrap around mortgage
and• What’s that 3rd option???
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Contract for Deed(comes with an instruction manual
from FHA no less)
Ever heard of it?
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Identify The ProblemMap A Solution
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Enroll Buyers in Credit Restoration
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Coming March 3rd 2011
To A Computer Screen
Near You
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Sign Up Below