Surplus Fund founder Spencer J Vann says it's not about seeking extra information; it's about getting the right information and putting it in the right sequence. “I've spent tens of thousands of hours studying this stuff,” he says. “Probably countless levels of hours. It's no exaggeration. Like I've read a huge selection of books. I've had the opportunity to generally meet a lot of really amazing people. People which are next level. And I've been around people that are the contrary, right?”
“And where this all started was, I spent my youth in a family group making $60-, $70k annually,” Spencer continues. “So I don't be a consequence of a family group of millionaires or billionaires or anything like that. My dad's literally a senior senior school dropout. So I spent my youth in type of a lousy environment. And I've gone from that to the best month of my entire life to date; I made $4.8 million dollars last month. That is the same of 68 years of my dad's annual income. That is just stupid, right? Like that's just stupid to think about.”
The Surplus Recovery Process
Those who didn't watch the webinar and just want short and sweet version, Surplus Funds is exactly what it sounds like.
Whenever a homeowner defaults on the mortgage (stops making payments) and continues never to make payments, eventually it goes into foreclosure once they can't work-out a cope with the bank.
There are numerous reasons why a homeowner may stop making payments… for whatever reason, it doesn't really matter.
Let's say the homeowner has been making payments on the returning 10 years. Loans have been paid down a bit. Along with making payments each month, their property has additionally increased in value within the last few 10 years. There's now $100,000 equity in this home.
The home might be worth a lot more than what's owed to the banks…
The homeowners now fall on hard times, lose their jobs, get yourself a divorce, in any case and they can't refinance as a result of credit issues. They're embarrassed and don't want their friends to learn they're struggling so they cannot make an effort to sell.
The home goes into foreclosure and eventually comes on the auction block. Remember, they have $100K equity in this home.
Conclusion
Here's the fact of surplus funds.
It's exciting and may give someone huge paydays. However, it's extremely competitive and you can find really only a few areas worth going into. Those areas are filled with attornies and people already established doing the same thing. It sounds easy, but it's not. These types of recovery agents have been established in the area for years and it takes a lot of time and work and you've to seriously have the proper team in destination for a even ensure it is work. It's far better synergy having an attorney in case that you can. Glen Arnell, a specialist in surplus funds and a buddy, who has been achieving this for yesteryear decade, when he says it's tough, it's tough!
I'm not trying to discourage, I'm being honest and upfront saying it's not for everyone Click Here.
Comments
Post a Comment