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yammy68

Will This Put Ea's Out Of Work

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House Prices to Crash?

Credit Crunch!

Northern Rock Bank - bailed out.

These are recent headlines you will recognize.

There is considerable uncertainty in the property market and at "A Quick Sale"we certainly have seen that house sales have been slower due to the cost of mortgages and the greater difficulties that many are finding in getting a mortgage.

Repossessions have risen by 30% over the past year and are at their highest level for seven years!

A Quick Sale has cash waiting to buy your home, or that of a friend, for those that want to sell quickly and with certainty. Families can remain in their homes with our "Sale and Rent Back" scheme.

Don’t forget there are no agent’s fees, we pay the legal costs of the sale and a Home Information Pack is not required.

Click here to arrange a callback

PS. We still pay £250 for introductions where we buy the property from your referral.

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House Prices to Crash?

Credit Crunch!

Northern Rock Bank - bailed out.

These are recent headlines you will recognize.

There is considerable uncertainty in the property market and at "A Quick Sale"we certainly have seen that house sales have been slower due to the cost of mortgages and the greater difficulties that many are finding in getting a mortgage.

Repossessions have risen by 30% over the past year and are at their highest level for seven years!

A Quick Sale has cash waiting to buy your home, or that of a friend, for those that want to sell quickly and with certainty. Families can remain in their homes with our "Sale and Rent Back" scheme.

Don’t forget there are no agent’s fees, we pay the legal costs of the sale and a Home Information Pack is not required.

Click here to arrange a callback

PS. We still pay £250 for introductions where we buy the property from your referral.

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hi new as a member but been folloeing this site since 04 tried to sell my property last summer and was having trouble finding a buyer.so contacted a few companys who buy at bmv but their offers were so poor declined .to cut long story short sold dec 06 .but how many of these companys are going to set up in a falling maket and make a killing out of the desperate.bearing in mind they only offered me80 to 83% maket value and it was getting to the point that if the offer was 3 to 4% higher i probably would have accocpted.

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House Prices to Crash?

Credit Crunch!

Northern Rock Bank - bailed out.

These are recent headlines you will recognize.

There is considerable uncertainty in the property market and at "A Quick Sale"we certainly have seen that house sales have been slower due to the cost of mortgages and the greater difficulties that many are finding in getting a mortgage.

Repossessions have risen by 30% over the past year and are at their highest level for seven years!

A Quick Sale has cash waiting to buy your home, or that of a friend, for those that want to sell quickly and with certainty. Families can remain in their homes with our "Sale and Rent Back" scheme.

Don’t forget there are no agent’s fees, we pay the legal costs of the sale and a Home Information Pack is not required.

Click here to arrange a callback

PS. We still pay £250 for introductions where we buy the property from your referral.

No these guys wont replace EA's

These people work on the principle of buying at 20% below Market Value from desperate sellers. In a stagnant market this works in principle because the purchaser does indeed buy for cash and then refinances at the Market Value or sells on a year later for a worst case scenario minimum of 10% below market value. In a market that threatens negative YoY these guys will be looking for at least 30% below market value to cover themselves if not more and there are not many people who would sell for that kind of hit. The irony of it all is that in a booming market there are fewer desperate sellers but the game is WIN/WIN if you get anybody who needs to sell quick. In a crashing market desperate sellers are everywhere but to guarantee returns you have to offer so much below the asking price that actual takers are far and few between.

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I just heard an ad for this service on Talksport radio. The ad began with an actor saying "but I'm going to lose my home" and an actres replies " we can't help you sir".

Great eh? heh

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http://www.washingtonpost.com/wp-dyn/conte...7082501362.html

Prince George's Fairy Tale Unravels For Woman at Center of Fraud Probe

By Keith L. Alexander and Ovetta Wiggins

Washington Post Staff Writers

Sunday, August 26, 2007; Page A01

Joy Jenise Jackson glided down the aisle of the Mayflower Hotel ballroom wearing her handmade oriental silk wedding gown and tiara with Swarovski crystal rhinestones. Trailing her was a 42-foot train, it, too, adorned with bling.

The June 2006 reception was equally glitzy, captured, like the wedding, on video. Patti LaBelle serenaded Jackson, 39, a former exotic dancer turned mortgage broker, and her groom, Kurt Fordham, 38. Later, the video shows the couple and their 360 guests sipping Mo�t and Cristal champagne and dining on lobster and shrimp fried rice, followed by four wedding cakes. As gifts, the couple gave one of their attendants a Porsche, another a house, and a third a $10,000 check, wedding guests said.

The price tag for the nuptials, Jackson told friends, was nearly $800,000.

..........

"Joy Jackson concocted a scheme to defraud people," said Phillip Robinson, an attorney who filed the federal suit against Jackson, Fordham and 12 other defendants. "The sole motive seemed to be to enrich her lavish lifestyle. She took from people who were cash poor but were equity rich."

The red-hot real estate market of the past few years created billions in home equity for owners and opened up credit to those who thought they could never afford a home. But it also opened the door for foreclosure rescue operations, such as Metropolitan's, that require homeowners to turn over their deeds and, in effect, their equity to the lender.

..........

Investigators say Jackson and McCall ran a sophisticated foreclosure rescue operation that included family and friends, many of whom Jackson taught the ins and outs of the real estate industry.

Essentially, the company would enlist investors with strong credit as "straw buyers" who would take ownership of the houses. The original homeowners could live rent-free for a year and then buy back their homes at the end of the year.

But when the homes passed to the straw buyer, Metropolitan would borrow as much as possible against the value, effectively siphoning out the equity and increasing the cost of the house, according to the suit. The original owners were often unable to repurchase their property; some said they were unaware they were signing over their deeds.

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