VAR Initiative - Foreclosure Crisis Solution
One of the biggest down falls to the foreclosure crisis is its impact on property values and
existing homeowners don't know what they can do about it. Many now find themselves
upside down on their mortgage, owing more than the property is worth. HBR provides a clear
solution to this problem, but first lets understand the problem.
Where do property values come from?
Property values come from the purchase price. So if a cash investor for example buys a
foreclosed property for $50,000, that purchase price becomes the new value for any
comparable properties in the area. Even if homes were purchased up to a year ago for
$150,000, they are now worth $50,000 give or take a few dollars.
The Solution
The FHA203K loan program is unique. It is the only loan program that does not use the
purchase price for the value but instead uses the Value After Repair. So it restores property
values. In the previous scenario, if that same property were purchased with the FHA203K
program, its value would be restored to the $150,000.
Existing Homeowners have 2 choices
1. Do Nothing - Investors will most likely continue to buy foreclosures in your
area and with each purchase goes your property value. But now you have to STOP
complaining about Unemployment, Economic and the Foreclosure Crisis.
2. Connect with a Realtor - who will identify the foreclosures in your area.
Then work together to connect your Family, Friends and Associates to purchase
one of those foreclosures. This is what they will get:
a) A good neighbor YOU
b) An awesome deal - A property at an unbelievable low price.
c) A property fixed up to their liking and where all the work is done for them.
d) Tons of equity
e) The joy of knowing they have protected your property value
f) The joy of knowing they have done their part to help solve this foreclosure
crisis
Both are easy choices. Do the right thing!
Click Here To Get Started with VAR Today
One of the biggest down falls to the foreclosure crisis is its impact on property values and
existing homeowners don't know what they can do about it. Many now find themselves
upside down on their mortgage, owing more than the property is worth. HBR provides a clear
solution to this problem, but first lets understand the problem.
Where do property values come from?
Property values come from the purchase price. So if a cash investor for example buys a
foreclosed property for $50,000, that purchase price becomes the new value for any
comparable properties in the area. Even if homes were purchased up to a year ago for
$150,000, they are now worth $50,000 give or take a few dollars.
The Solution
The FHA203K loan program is unique. It is the only loan program that does not use the
purchase price for the value but instead uses the Value After Repair. So it restores property
values. In the previous scenario, if that same property were purchased with the FHA203K
program, its value would be restored to the $150,000.
Existing Homeowners have 2 choices
1. Do Nothing - Investors will most likely continue to buy foreclosures in your
area and with each purchase goes your property value. But now you have to STOP
complaining about Unemployment, Economic and the Foreclosure Crisis.
2. Connect with a Realtor - who will identify the foreclosures in your area.
Then work together to connect your Family, Friends and Associates to purchase
one of those foreclosures. This is what they will get:
a) A good neighbor YOU
b) An awesome deal - A property at an unbelievable low price.
c) A property fixed up to their liking and where all the work is done for them.
d) Tons of equity
e) The joy of knowing they have protected your property value
f) The joy of knowing they have done their part to help solve this foreclosure
crisis
Both are easy choices. Do the right thing!
Click Here To Get Started with VAR Today
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