July 3rd, 2009

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Attention Today Tonight Viewers

At or around 10.45am, January 28th, 2008 (on the public holiday), our business received a phone call from the Channel 7 Program - Today Tonight. The person who contacted us was called Marcus Middleton (02) 8777 7909. We were given very little notice, but we made ourselves available to be interviewed anyway. We even contacted our most recent clients to be interviewed, on how we were able to give them a fast sale at fair market price. This helped them by stopping their banks and mortgage companies foreclosing on their home.

Had they bothered to contact our clients, the story would have clearly showed that we actually help people get the best outcome, not prey on them to rip them off.

We were extremely dissatisfied with what was put to air. We have not, nor will we ever, prey on families who are going through financial pressure. We always get bank valuations on the homes we purchase, and work with our clients to get the best market price for their home, with flexible terms that suit both parties.

The important points that should have been put to air tonight are:

1. How we always show sellers that they have options to fix their mortgage arrears through APRA - the Australian Prudential Regulation Authority, by getting a part early release of superannuation benefits. This is very important information that should have been put to air, as the banks don't always tell their clients that this is an option for them.

2. There are ways to propose a payment plan with the bank, to fix the mortgage arrears. This can range from the bank extending your loan by three extra months, to letting you catch up gradually over time.

3. When you sell through a real estate agent, you need to pay between 1% - 3%+ sales commissions and advertising. You are still stuck with mortgage payments even if the home does not sell.

4. If you have enough equity in your home, you can make the sale have flexible terms, that make it attractive for nearly any buyer, and it helps you get you home sold Fast.

5. We pay market price in terms of what the homes are valued at by the bank. We don't charge any fees or commissions.

Attn: Today Tonight Viewers! Are Direct Home Buyers All Scammers?

If you saw the story on Today Tonight about our Direct Home Buying Services, you need to read every word of this message... The main question is, do all direct home buying services seek to scam people who are facing financial problems or need a quick sale? The truth is, there are many people and companies out their who DO try to scam sellers who are in a tight bind. These purchasers attend weekend wealth creation seminar's to learn how to purchase properties at massive discounts, and make massive profits on these sellers bad luck. Perhaps you are in this situation right now? You need to know that you do have options before you decide to sell to one of these buyers. Below are some of the more common options that not all banks or home buyers will tell you about: Some good ways to Stop The Bank Selling Your Home are... 1. You can get help through APRA (Australian Prudential Regulation Authority), the government body who can help you to get an early release of superannuation benefits (if you have any superannuation to release). You get get their broachure here: http://www.apra.gov.au/Superannuation/upload/Early-release-of-superannuation-benefits-2006.pdf  and the application form can be located here: http://www.apra.gov.au/Superannuation/upload/Early-release-of-superannuation-benefits-application-form-2006.pdf You will always be better to take the pressure off if APRA is an option for you, and give yourself time to sell. All you need to do is tell your bank that you intend on applying to APRA and you need the paper work required to complete this application. 2. If you can find a way to get a part time job for a couple of months, or borrow the money from someone, this could be a good option for you to get your loan out of arrears and stop the bank selling your property. Most banks will let you propose a payment arrangement, and if you have a way of showing them that you can catch up, then this could be a good alternative. 3. If you have plenty of equity, you should be able to sell your home for close to fair market value (remembering that it IS a buyers market at present). You can offer vendor finance terms to buyers. This basically means you get between 50% and 75% of the agreed purchase price today, and you have your solicitor draft a loan agreement for the other 50% - 25% between you and the purchaser (you are basically lending the deposit to the purchaser). You would then instruct your solicitor to file a Caveat on the title of the property to protech this money that you loaned to the buyer. This type of purchase makes it fast and easy for ALL Buyers, and not just businesses like ours. 4. If you have little no equity, it is still possible to sell your home to an investor on a long settlement period (Sometimes as long as 5 years). This means the investor can pay rent to you (which covers your mortgage and other outgoings). 5. If you have conflicting financial obligations, we feel that you need to put your priority on your greatest asset before you keep making full payments to your credit cards or unsecured loans. Most people don't know that there are companies out there who specialise in consolidating debts, or arranging debt agreements between you and your unsecured lenders. They can normally freeze the interest and provide you enough time to make just one monthly payment. This can further help you to get on top of you #1 Asset. Your Home! What are the alternatives? Well, outside of the above 4 points, the other alternative is to let the bank sell the property. The problem with this approach is that most banks will simply sell the property to recover their own money. If you have lots of equity, you can be guaranteed that this will get eaten up by the banks fees and charges. If you have little or no equity, you may find yourself with a debt as large as $100,000 still owning to the bank at the end. This normally forces good, hard working people into bankruptcy. Don't let that happen to you! You do have other options availble. Back to the Today Tonight Story... At the beginning, the story showed a sad image of a lady loosing her home. This is an image of what the banks will do to get their money back. The story also discussed other home purchasing businesses scamming home sellers. The local government member said that he would like to see this industry become more regulated (which we agree with 100% - the sooner the better), and that he wanted to see more of the bad companies shut down. This can't happen soon enough either. If you are a home seller who has been stung or nearly been stung, we would love to hear from you. We plan on speaking to the local government members to see how this industry can be regulated better and would love to help in any way we can. Is It Possible That You Could Keep Your Home, But You Just Don't Know How? Complete your details below to receive regular emails from us with these hints and tips. We would rather see you not go through the stress and pressure that times like this bring. Learn More About How To Keep Your Home Or Sell It Without The Banks  Doing A Fire Sale! Join Here: We Cover All Of The Above Hints & Tips That Can Either Save You From Selling, Or Better Yet, Taking Control Bank From The Bank So You Have Time To Sell On Your Own Stress Free Terms. We hate spam just as much as you and promise never to sell or rent your details to anyone.