Shadow Inventory – What Is It and How to Find It

Many Investors have been asking me about shadow inventory how much is out there and how to get their hands on it. Shadow inventory usually refers to the supply of homes that has not yet hit the market, but “hiding” in the background. In Real Estate this refers to foreclosures (REO or bank owned properties) or those close to the process.

Banks and mortgage loan servicing companies typically hold onto properties that haven’t seen a mortgage payment for 90 days and in some cases even 2-3 years.

Why do they hold on so long?

Banks hold on since it allows them to release their inventory over time to keep their books in check and also to provide that easy liquidation to stimulate the real estate economy when necessary. Banks will now be getting more money for those newly released properties, then say 2 years ago, due to the steady increase in home prices and low inventory levels. If they chose to release all at once, it would flood the market with “distressed properties” and bring down property values.

How much “Shadow Inventory” is still out there?

Foreclosures have been steadily declining since 2013 with the highest shadow inventory then at 2.2MM. According to the National Association of Realtors, there is still about 4 years still on the books and it is possible that we could soon see more!

More “Shadow Inventory”? Why? (HAMP) Home Affordable Modification Program

In 2017 and beyond, many homeowners may find it difficult to make their mortgage payments due to “resets” with HAMP thus pushing them into foreclosure. The government’s Home Affordable Modification Program provided temporary relief to borrowers during the housing crisis. These reliefs ended after five years and now payments will be “reset” thus causing loan payment increases for nearly 900,000 homeowners. Some of those are likely to find it difficult to keep up with the payments in our current economy.

Where do Investors find “Shadow Inventory”?

Forget about calling the loss mitigation department or asking the cashier at your Big Bank. They won’t be able to help you. Instead, savvy real estate investors can approach the REO departments of smaller regional banks, credit unions and portfolio lenders to find out what could be “lurking” in the shadows. This presents an opportunity to beat out the competition and purchase at greater discounts.

But my favorite way to locate “Shadow Inventory” is what I call “Driving forDollars”. Simply drive through areas that have high foreclosure activity and look for the white sticker posted on the front window or door of the house. This typically contains the information of the bank or asset manager of the property and their phone number. Give them a call and see where they are in the foreclosure process and if they’re ready to make a deal!

The NEW kind of “Shadow Inventory”!

There is a new kind of shadow inventory on the market these days and I’m not talking about the REO kind. Many successful agents have their own shadow …

Find Government Auction Cars

Many people are searching for cheap used cars in an effort to save money and get a good deal. Gone are the days when one would go to the local car dealer and negotiate a sale on a used car. The profit margins are hitting everyone right in the pocketbook, and it's just not the best place to buy.

One of the first places you should consider is to find government auction cars in your area. There are government car auctions in most every state and the vehicles are in decent condition. Why are these used vehicles in good condition?

First off, the used vehicles were generally part of the government fleet and have been maintained appropriately. They are also loaded with all the options generally considered necessary by consumers. Remember, it's been government officials and employees driving these vehicles around. So, they have to be in decent condition.

There are also government auction cars available that are seized vehicles. These seized vehicles have been taken in lieu of unpaid taxes, repossessions by banks and other lending institutions, and yes, some of these cars have been seized due to crimes. The sale of those vehicles often go to pay restitution to the victims and their families.

When you get ready to find government auction cars, you're best bet is to go searching on the Internet with the appropriate keywords. You will need to do a little bit of legwork to locate the auctions sites nearest to you, and learn the process required to inspect, bid and buy one of these government auction cars.

Many people are turning to these government auction cars in an effort to obtain a decent, newer model vehicle for up to 95 percent off the book value.

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Making Money From Credit Card Debt – Where to Find Credit Card Debts Available For Sale

The current economic crisis has created a situation where making money from credit card debt is actually an excellent business opportunity.

The following statistics illustrate the magnitude of the problem and potential opportunity. Innovest Strategic Value Advisors, a research company, reports credit card charge-offs were $22.6 billion for all of 2007. That figure rose to $76.9 billion in 2008 and $93.1 billion in 2009.

However, to profit from such a business opportunity you first have to know where you can buy credit card debts and there are three (3) main sources where you can purchase credit card debts:

1. The Government

2. Banks

3. Loan Brokers

Let’s take a brief look at each source.

1. The Government

You can purchase loans from the FDIC (Federal Deposit Insurance Company). Loans for sale are advertised directly on their website. The information that is displayed includes the:

~ Type of loan, e.g. commercial, industrial or consumer,

~ Source of the loan, i.e. the financial institution where the loan came from,

~ Aggregate face value of the loan,

~ Average balance of each loan,

~ Status of the loan, i.e. performing or non-performing,

~ Period of time allocated for review,

~ Bid day,

~ Date by which successful bidder has to pay for the loans.

It’s clear to see the importance of this information but this is still just scrapping the surface when it comes to the analysis you should perform on each loan to make a decision as to whether or not you want to submit a bid for the loans and how much you want to place your bid for.

2. Banks

You can also purchase loans direct from your local bank and by this I don’t mean a local branch of a national bank. The manager of the latter would not have sufficient flexibility or clout to be able to negotiate the sale of any failed loans that they might have. However, with a small, local bank, if you approached your bank in the right manner, an offer to purchase failed loans which the bank has had to charge-off, could seem quite lucrative. Bill Bartmann goes through a very detailed, step-by-step procedure as to how to approach a local back with a view to purchase their delinquent loans in his book best-selling book Bailout Riches: How Everyday Investors Can Make a Fortune Buying Bad Loans for Pennies on the Dollar.

3. Loan Brokers

Purchasing loans from a loan broker can be more expensive but loan brokers segment their loans more and so the profiles of the package of loans that they put together are more similar. And if you’re just starting out in the debt collection business then you’re likely to have greater success if you narrow your focus and not consider loans of a broad spectrum. You’ll probably also find that you’re able to make a profit faster when you take this approach.

One example of a loan broker is the NLEX (National Loan Exchange Inc). It is the “leading …

Five Reasons Graduates Of John Marshall Law School Pass The Bar And Find Employment

John Marshall Law School

The John Marshall Law school has a famous name, an aggressive curriculum and stays on the forefront of legal issues. This combination benefits the future lawyers who grace these hallowed halls. With over 85% of the graduates passing the bar and having a job within nine months, this school does it right. Not only does the training facility feature a strong structure of curriculum and practice, it embraces technology, attacks innovative issues and customize the training process.

Five Reasons Graduates Of John Marshall Law School Pass The Bar And Find Employment


John Marshall was an influential 19th century US Supreme Court Chief Justice responsible for making the Supreme Court an equal branch of the government along with the legislature and executive branches. Under his 30+ years of guidance, the federal court system developed policies for disregarding laws contrary to the Constitution. Although the school bearing his name was established in 1899, it was accredited in 1941 by the American Bar Association.

Strong Core

Attorneys need skills in writing, research and oral arguments to succeed. Smart students know these skills lead to high-paying jobs and profitable careers. Because the John Marshall courses are kept small, each student develops necessary communication and investigative abilities. In fact, the US News and World Report ranks this school in the top tier of legal schools in the United States for 2012.


Curriculum is an important part of education; However, honors programs give students a chance to excel. Five different programs are offered: John Marshall Law Review, Review of Intellectual Property, Journal of Computer and Information Law, Moot Court Honors Program and Trial Advocacy and Dispute Resolution Honors Program. With over 50 different student organizations advancing social awareness, community service, legal discussion and social activities, students get important real-life, hands-on experience.


Although the libraries are immense, all students are trained in modern technology including iPods. After all, these marvelous devices allow attorneys to research, write and assemble complex legal documents quickly. This saves time and effort while giving students benefits they can use.

Innovative Issues

This diverse law school is not afraid to tackle modern issues like immigration, International Business and Trade Law, tax and Veteran topics. Since education is an expensive process, students should invest only where they get the best return for their money. The John Marshall Law school offers cutting-edge classes in intellectual property law, information technology, employee benefits and privacy law letting graduates choose exciting and expanding legal fields.

Customized Training

Students are in control as the same classes are offered both day and night. Anyone can attend full or part-time. In addition, these almost attorneys can specialize and receive a certificate in that field or earn joint degrees.

The cost difference between a mediocre education and an education of quality and diversity is small. However, a degree from John Marshall Law school is worth more. Although these graduates have an easier time passing the bar and finding employment, the real benefit is in the …

The Vitamin "M" – Yes, That Is Money! Come, Let’s Find Out What Is Lost Money

We all know that money is the most important factor, for a person to survive, in the present times. There are two kinds of people in this world. The first kind is people who think money is everything, and take life, more practically; the second set of people do not really value the money, as they think life is more important and they respect emotions and feelings, more than anything else. The Free lost money is nothing; it is just the cash which is found suddenly, the same cash, which was left, unnoticed for many years. It may not be just cash; it may also include property or any valuable thing.

Free Lost money is the unclaimed cash, which reaches the government, when it is left unnoticed by the people. There are rights for the people, to claim back this money from the government, if the money or asset really belonged to the individual. In case this cash reaches the government, there are chances for losing the money, as there are officers, who take undue advantage of free moneys, properties and valuable items. The best example for free lost money is, if a person having savings account in any of the unpopular banks without the knowledge of his family and friends. In case this person expires accidentally, the cash can be misused by the agents or third parties, as there will be no person left, to claim this cash. Even the family and friends are unaware of the savings being made.

All this money comes under the category of free lost money, and it is left to the government or any of the private sector, to hand over it to the concerned people; but many a times this thing doesn’t happen, and people misuse it for their own personal needs. The Free Lost Money includes the unclaimed properties and many valuable things. Approximately, it has been estimated that nine out of every ten Americans lose money, and this money sits unclaimed with the government, for the subsequent years.

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Find Your Unclaimed Money – Find Out the Money Owed to You

Billions of dollars of unclaimed money owed to the public sits in the government for years while waiting for the right owner to claim it. Have you heard of this? If not, it is not surprising because it is estimated that 9 out of 10 households are owed cash that sits unclaimed year after year and they don't know about it. You maybe one of these people and you need to find out.

Maybe you are hesitant to find your unclaimed money because you are wondering where all these money came from and why they are forgotten and became unclaimed money. Every year millions of dollars become lost when banks, companies and government agencies lose track of the money they are holding due to mistakes in account numbers, names and addresses. Other sources are old pay checks, tax refunds, dividends, bonds, stocks, proceeds from insurances, forgotten deposit accounts, trust money and even inheritance that's owed to you that you don't know.

Are you now interested to find your unclaimed money? But before your search you should know that unclaimed money is eventually transferred to the government. If the organization holding this money is unable to contact the owner for a certain period of time, the money will be classed as unclaimed and will be turned over to the government, federal reserves or corporations and languish there for years waiting for the right owner to claim it.

Do not assume that you don't have one; some people never expected of having money waiting for them until one day they decided to search for their unclaimed property or money and they were shocked to find out that they have unclaimed treasures.

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Relocating to Georgia? Where to Find a Job in Georgia

Georgia – State With a Vibrant Business Environment

Georgia is known to the world for being home to some of the world’s biggest brands. Coca Cola, CNN and The Home Depot are all companies that started with their base in Georgia and are still headquartered here. The state has a vibrant business culture and environment that is still attracting investments from all across the globe. If Georgia were to be a separate country, it would have been the twenty eighth largest economy in the world. That said, there is understandably a huge amount of people relocating to Georgia. More than 100,000 people move to the state each making Georgia among the top 10 fastest growing states in the U.S.

Living in Georgia

The cost of living in Georgia is lower than the average US metro area. The real estate is very affordable with the average price of a home currently $129,200 in the Atlanta area according the National Association of Realtors in Q1 of 2009. Georgia offers state of the art healthcare with its statewide network of 188 hospitals. The state is also home to the fourth largest education system in the US, which includes 13 state universities. The weather in Georgia is a classic with subtropical climates. The summers are nicely warm and the winters mild and pleasant. In summary, those relocating to Georgia can expect a relatively high quality of life with affordable living costs, good healthcare and education and nice weather.

Where to Find a Job in Georgia

Big Business in Georgia

Atlanta is the biggest metropolis in the state and the city that headquarters fifteen Fortune 500 companies and twenty six Fortune 1000 companies. Some notable brands that are present here apart from the ones mentioned above are UPS, SunTrust Banks, Southern Company and AFLAC. There are more than 1,700 companies in Georgia that are headquartered internationally. This has led to many foreigners relocating to Georgia. Since Georgia has such a variety of innovative companies and world-class brands it offers a unique and diverse array of job opportunities in virtually all industries. Some of the largest and most well known employers in Georgia job sites’ are listed below.

o Coca-Cola Company:

o The Home Depot:

o UPS:


Find a Job in Georgia Using Job Search Sites

Georgia is truly a land of opportunities offering variety of job options. Atlanta is the prime business hub and many of the job opportunities available in Georgia will be found there. There are companies advertising everywhere to attract qualified professionals. A great place to start perusing current Atlanta job openings is on the Internet for the shear sake of convenience.

Just visit some top job search sites and you will see hundreds of Georgia jobs online. Some of the best local job search sites online are listed below. Use this list as a starting point in your Georgia job search. To simplify your search and avoid missing possible job opportunities, make sure you sign …