Danny Speagle

Stefan

Before I commit resources to assist you, I would like to have a conversation with you? I am sure that you understand that I do not release my proprietary reports to anyone who is not my client. So, if you do not have any problem signing with me, then we need to address getting you under contract.

The next step involves obtaining information about your investment assumptions (eg, sqft, #bd, #ba, yr built, 1st loan rate, 2nd loan rate, cash down, hold strategy, sell strategy, etc).

The last step is taking you out to properties that match your criteria so that you can choose which to buy.

Please contact me at your earliest convenience.

Danny Speagle
The Speagle Group
303.993.5193 home office
720.936.5877 cell - Tue Sep 2 2008, 11:59

Stefan

Guess what? All I do is foreclosures. In fact, I have a database that I built with one specific job in mind--it analyzes, locates, ranks, and reports every property on the market instantly. It uses proprietary mathematical algorithms with multi-variable throughputs based on an individual buyer's unique criteria.

Imagine every home that is listed on the market being analyzed for its investment quality in under a minute. Also imagine the top investment opportunities are reported to you with all of the math completely done and displayed. Now imagine you having first crack at the best deals out there. This is what I do. This is all that I do. If you are a buyer, or a Realtor with buyers, and you are interested in obtaining timely foreclosure reports like no other, then contact me.

Danny Speagle
The Speagle Group
303.993.5193 home office
720.936.5877 cell - Mon Sep 1 2008, 14:21

Jose

Are you having trouble finding a list for Staten Island, NY?
I have an idea...CALL A REALTOR, ANY REALTOR.
I beg all of you, and of the rest of you, pick the phone up and call an expert.

Stop asking and start doing.

Danny Speagle
The Speagle Group
Denver, Colorado
303-993-5193 home office
720-936-5877 cell - Tue Aug 26 2008, 16:23

I just realized that I forgot to add one major point about strongly recommending having a Real Estate Agent perform all of your work including getting you any list you want.

Your Agent will get you these lists at the low-low cost of ABSOLUTELY FREE. So, don't go to these ridiculous websites that ALWAYS have their hand out reaching into your pocket only to give you less than what you bargained for.

Danny Speagle
The Speagle Group
Denver, Colorado
303-993-5193 home office
720-936-5877 cell - Sat Aug 23 2008, 10:49

I will be giving tips on a frequent basis. This should help answer most of these common questions.

Everyone wants to buy foreclosures for one great reason--banks sell them at huge discounts. Buying one from a bank will save you anywhere from 20% up to 50%. Here in Colorado the average savings is 34.7%. So, how do you go about finding these foreclosured homes that are now bank owned? It is simple, call a Real Estate Agent. Agents not only know which houses are bank owned, but your own Agent will most likely get paid at the closing by the selling Bank's Agent, and not paid by you.

Now, stop worrying about doing all of this Sherlock Holmes work yourself and pick up the phone. These Agents are dying to do all of this work for you.

Another Hint: You know you have found the right Real Estate Agent because as you interview several of them, one of them will stand out. That Agent will have all of the answers because they understand everything about foreclosures. Pick that person and stick with them.

Danny Speagle
The Speagle Group
Denver, Colorado
303-993-5193 home office
720-936-5877 cell - Fri Aug 22 2008, 18:55

NO, NO, NO! With the utmost respect to Perry, Cindy, and Judy, all three of you have it absolutely wrong. Foreclosures (especially in Colorado) offer great deals. What a buyer needs is a real estate broker that specializes in, and understands, such transactions intimately.

Consider this...in Colorado 90% of homes that are foreclosed have an 80% loan and a 20% loan. In the final stage of foreclosure (called "redemption") the 2nd lienholder (aka; the 20% lender) would have to pay the 1st lienholder all their money due. Since the 2nd lienholder is already out 20% on the home, does it make sense for the 2nd lienholder to pay out an additional 80% to the 1st lienholder just to have some security? Anwer: NO!

Besides, the 2nd lienholder hasn't even seen the property. They don't want to buy a "pig in a poke."

Here is what ALMOST ALWAYS happens (99.5% of the time). The 2nd lienholder always takes the hit. Remember, the 2nd lienholder is still owed the money from the borrower, but the 2nd lienholder has simply lost his secured interest in the foreclosed home. Now, the 1st lienholder invariably ends up owning the home.

Now pay close attention here...
The 1st lienholder is still owed "X" and would like to recoup as much of "X" as possible.
Let us assume that this bank is owed not the original 80%, but due to some paydown on principal and some appreciation of the home itself, we shall assume the bank is owed 75% of Market Value (ie, "X" = 75%)

Remember, "X" is usually somewhat slightly less than the original 80% loaned out based on the property's original market value, but the bank invariably puts the property on the market for 60% to 75% of "X". Why, you ask? Because this same bank has a backlog of REO's (bank-owned properties) here in Colorado.

To continue, I'll do the math for you.
Here in Colorado you can get a Foreclosed home for approximately 56.25% of true market value. This is equal to 75% of 75%,

Now, don't loose your head yet. You will have fix-up costs, closing costs, etc, to pay. But you will get a great deal.

How do I know all of this?...
I built a database that analyzes every property on the market instantly. I did this to find my investor clients these great bargains. I have seen hundreds of homes that are selling at only modest discounts (25% off retail) that are move-in ready, and situated in HIGHLY DESIRED areas (banks aren't totally stupid).

My investor clients pass up these modestly discounted homes because there is not enough profit for them. But the point is there are 50 new homes each week that hit the market that are perfect for homeowners.

I have analyzed foreclosures deeper than any other broker simply by using my database skills. I will admit that other states may not have a foreclosure problem like Colorado, but the concepts are the same.

Danny Speagle
SpeagleGroup.com
720.936.5877 cell
303.993.5193 office - Sun Nov 11 2007, 20:40

I now see my website in a totally new light, thanks to each of you. I will make changes soon.
I left out many details that would have answered your questions on purpose, so as not to have anyone focus on any one thing.

As you may have picked up, I am in the middle of branding myself as a specialist that can help investors get the very best deals. I believe that I need to move my website to a hosted website that does NOT limit me to a template style. For Example: The green was the only green available where you could still see the text.

I want to genuinely thank each of you for taking the time to help out a fellow real estate broker with your excellent suggestions.

Sincerely

Danny Speagle - Fri Dec 14 2007, 17:17

Erika

I budget 10% of my expected earnings from the sale. If the Seller wants more, then they pay.

Danny Speagle - Fri Dec 14 2007, 11:13

For Real Estate Investors, amazing deals can be found in every area of Denver. I know, because I built a database that instantly analyzes every property currently on the market to find the absolute best deals. I will knock your socks off with my results. Take a peek at my website or just give me a call and I will help you.

Danny Speagle
720-936-5877 cell - Fri Dec 14 2007, 09:55