Loss mitigation is real estate industry code for working out a deal with the bank to stop your foreclosure.

Most people, when faced with foreclosure want to stay in their home so they attempt loss mitigation. If you are advertising help for people in foreclosure, you will attract many more distressed homeowners than if you were advertising, "We Buy Homes!"

People will beat a path to your door. You do not have to be a loss mitigation expert, you just have to know where to refer people. You are trying to help them save their homes.

If they are successful, great, maybe you can even pick up a referral fee. However, maybe 40% will not be successful in a work out for a variety of reasons.

They may not have a good reason for falling behind. Banks like to hear that it was something beyond your control, layoff, illness, death in the family, etc.

Then, they have to see that you have the money to pick up your mortgage payments again, before they work out a deal on your arrears.

Finally, they want you to be able to pay down 40 to 50% of the arrears. Hell, they figure you haven't been making payments for months, you should have at least part of that money available.

So you see that there will be many people who do not qualify for loss mitigation.

What then, they are now even more desperate. How do they avoid foreclosure?

It could be a short sale where the bank allows the homeowner to sell the house for less than the mortgage balance. The homeowner walks away without a foreclosure following him for years and the bank cuts its losses.

You can make a few thousand dollars for referring the homeowner to a short sale specialist or you can learn how to do short sales yourself and make $5-$10-$50,000 or more on each short sale!

Another option, with people who don't want or cannot keep their homes is to learn how to take over a home and sell it to a new buyer, using the Subject 2 concept. You do not need cash or credit if you employ our method of doing this.

You can literally pick up hundreds of thousands of dollars worth of property in this manner, essentially for free; generating thousands of dollars in monthly cash flow from properties all over the country without even visiting them; from the comfort of your own home with no tenant, toilet or trash problems with our training.

Also, another angle to consider is that once you start your home based foreclosure consulting business, you will qualify for hefty tax breaks on our current job.

Some people are able to use these home based business tax breaks to increase their take home pay on their jobs by 15-20%.

Another benefit is to be able to explode your IRA or retirement plan by stuffing it with short sale profits and free real estate.

I don't want to get carried away, first things first. Become a problem solver. The number of desperate homeowners is growing by leaps and bounds. They need your help and they can make you rich!

You can seize this once in a lifetime opportunity and make things happen, or you can think about it and watch things happen, or you can do nothing and wonder, in a few years, what the Hell Happened. It is up to you.

More info on your stop foreclosure information search:

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