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Dec 16

Foreclosure Academy: An overview

Reading Time: 8 mins

This is a paid post on behalf of Foreclosure Academy

Investing in the foreclosure market can be lucrative but calls for a degree of expertise and due diligence. 

If you are anything like me, you know how time-consuming this can be – Researching, finding available overages, gathering leads, making lists, cold calling, preparing paperwork, making a website, etc. 

This is where Foreclosure Academy steps in. It is a comprehensive training course that provides step-by-step guidance for anyone interested in learning the ins and outs of foreclosure investing. It helps beginners get started with their first deal, and experienced investors take their business to the next level by providing advanced strategies and tactics.

Stick with us as we go over the entire program. We will cover the following: 

How Foreclosure Academy works
How can it help you?
Is it a scam?
Insights on the services they provide 

Let’s dive right in! 

Foreclosure Academy: Overview

Simply put, this portal gives you a step-by-step of everything you need to access the government’s billion-dollar slush fund. 

Foreclosure Academy offers extensive tools and resources for anyone interested in becoming an expert foreclosure investor. 

It provides step-by-step guidance and detailed instructions on researching potential deals, analysing real estate market conditions, negotiating with lenders and closing profitable transactions.

Their portal also offers a variety of educational materials, such as webinars, videos, and e-books, that cover topics ranging from basic fundamentals to advanced strategies. 

You get a lifetime membership to the private Foreclosure Academy Forum, which provides members-only access to valuable advice and support from experienced investors.

Check it out here

How Does Foreclosure Academy Work?

Before we understand how Foreclosure Academy can help you create a reliable income stream, let us understand a few fundamentals of foreclosure investing. 

According to a study,  there were 151,153 foreclosure filings in 2021 alone. Furthermore, more than 2.73 million mortgages were either in forbearance or past due as of Jan 14 2022. 

FORECLOSURE INVESTING EXPLAINED

The lending institution or bank typically initiates foreclosure proceedings when a homeowner fails to make mortgage payments. The lender will then file a notice of default with the court and proceed to repossess the property at auction.

In most cases, someone who couldn’t pay the mortgage in the first place will also not be able to get ahold of their property. 

If no buyers are willing to purchase the property, it will go into bank ownership and be listed as a foreclosure

Here’s an example: 

Imagine you could not pay your $20,000 mortgage or property taxes remaining on a $100,000 home. After a lengthy foreclosure process, your house was ultimately sold at auction for $80,000. 

Now the bank/county will recoup their fees which is $20,000, but what happens to the rest? 

Neither the banks nor the government is the rightful owner of this remaining money (at least not the entire amount). You are! 

And just like you, so many people don’t even know about this. You may be wondering at this point, “What can I do with this information?”

Foreclosure Academy will teach you how to reclaim these funds and transfer them to the rightful owners while making a generous share of up to 30-40 percent for yourself. 

Think of this like a do-good-and-do-well business or a ‘Robin Hood Business’.

What’s In It For You? 

When you purchase this package, not only do you tap into a multi-billion dollar industry, but you also get added benefits like: 

FORECLOSURE SECRETS


Their website claims that this is worth $9,997. Is this true?

Well, yes and no.

Yes, if you want to automate the whole process and develop a deep understanding of the federal system.

No, if you want to do everything by yourself while being confused and uncertain about getting every penny paid back into the pockets of those who deserve it.

This module will teach you:

  • How to turn tax foreclosure nightmares into a profitable business by exploiting a governmental loophole
  • How to create a system that channels all the post-mortgage money into the account of a rightful owner
  • How to ensure complete retribution of funds

UNLIMITED FORECLSURE LEADS

Once you understand how everything works, you will need to figure out a way to reach out to clients. Now I know what you might think, the usual cold approach will work. But for that, you will first need to target a demographic, filter through numerous databases and find potential properties which will be profitable for you.

This bundle gives you the entire treasure bundle for FREE. As per their website, this list is also updated regularly and has all the details of potential clients.

With all this information, you can simply phone the country clerk and find out how much money is owed to everyone in a particular area, saving you tons of time!

BEST STATES RANKED IN ORDER OF PROFITABILITY

There is no one-size-fits-all answer when it comes to finding the best tax overages in the United States.

Each state offers its own unique taxation system and different incentives for taking advantage of them. To determine which states offer the most lucrative payouts, you’ll need to do some research on your own.

One way to start is by researching the state you’re currently living in and its tax laws.

This will let you know what types of overages are available and how much they can be worth.

Each state has its unique set of exemptions, deductions and other incentives that can help reduce your overall taxable income. Additionally, you should look into whether or not there are any notable tax credits or deductions that could help lower your taxes even further.

Another way to determine which states offer the most lucrative payouts is to just look at the in-built database you get for free with your purchase.

QUICK COLD-CALL SCRIPTS

What if I’m not a real estate veteran? What if I have no prior knowledge of closing deals online or establishing trust?

This is what this module helps you with. Foreclosure academy provides you with a proven script that takes you and the previous homeowner through the entire process.

  • Without any technical jargon
  • Step-by-step content guide on how to approach the client
  • Answer all the commonly asked questions

With this script, instead of trying to explain what usually would seem like a complicated process, you can easily explain everything and close more deals than ever.

FINDER’S FEE LEGAL PAPERWORK

A finder’s fee contract, which is frequently tailored to each transaction and may quickly become very costly, can be easily drafted via this module (without the assistance of an attorney).

Just download their blank template and fill in the relevant information. This contract guarantees your rights long before anybody receives money from the federal government, so you’ll never have to wonder whether you’ll be paid. Better still, anybody with the power to do so may legally freeze a bank account and confiscate any debtor’s funds.

PROPERTY LAW SECRETS

As already stated, there are thousands of foreclosed properties across the USA, and chances are, the listing you are targeting will expire by the time you get through with the process.

Most government documents do not show you this information transparently. Every year, there are hundreds of cases where a person has $30,000 checks ready to ship, only to find out that the listings have expired.

Property law secrets will give you the correct time frames to target deals and help you avoid expired listings.

Additional Bonuses

The three main prerequisites of an online hustle: A website, an outreach script, and a clear idea.

By this point, you would already have sold the customer the idea that Foreclosure Academy provides, using the script that Foreclosure Academy provides. But what about a website?

They provide this too! No, this isn’t some Christmas offer. You get this with every purchase!

It’s an easy-to-follow, no B.S. process that will get your website up and running in no less than 30 minutes. You just need to have a domain and hosting for your website, which can be managed easily.

Furthermore, Foreclosure Academy gives you lifetime access to a private members-only Facebook community. Since this is a new process for everyone, seeing how others kick-start their journey will be a big help. On top of this, Foreclosure Secrets experts are also available 24/7 to assist you with anything you need.

GOING THE EXTRA MILE

From custom databases and websites to scripts, this course has everything you might need. But what if you kick-start your business and want to scale?

While this is easy for someone doing this full-time, for those of you like me who have another job and only want to start this part-time, taking client calls or scheduling things throughout the day is just impossible.

Foreclosure Academy gives you a solution for that too!

Number #1, you get their custom-built ‘Auto-Dialler’ that lets you reach out to hundreds of leads every day. Why rely on the manual old way of punching each number in by hand and reaching people?

This superfast hotline allows ‘quick connect’ so the person on the other side doesn’t hear silence and is met with an immediate ‘hello’.

But what if you want to outsource everything via a reliable set of hands?

To help you out, Foreclosure Academy also takes responsibility for training VAs. This can be availed via their Fast Track Program in which the team at Foreclosure will help you and train these VAs to automate this process fully.

ANY DOWNSIDES?

While this program does sound quite promising, let me tell you that it might not be for everyone. The automation this academy offers, the scripts, research and outreach, everything has to be tightly knit together (at least in the beginning).

This is so that you can oversee everything, interact with clients and close more deals to get a return on your investment. One should only get this course if they are willing to put in the work to get them into the big leagues later.

Another downside is that this course is not so mainstream yet, but since not everyone knows about it, it does give you a chance to reap benefits from an opportunity while it’s still relevant.

Frequently Asked Questions

Now that you know all about Foreclosure academy, let us go over a few frequently asked questions you might have in mind:

CAN ANYONE LEARN THIS? WHAT IF I DO NOT LIVE IN THE UNITED STATES?

Yes, thanks to the easy guide, even a real-estate rookie can be familiarized with the process. Their website claims that they have many members from countries as far as Australia!

WHY WOULD THE HOMEOWNERS NEED YOU IN THE PROCESS?

If you tell someone that the government owes them a certain sum of money, why would they pay you a certain % and not do this themselves? This is because not everyone has the resources, funds and time to get through this process. There have been numerous cases where the claims get rejected, and people regret doing it alone.

Foreclosure Academy also ensures that you have a proper contract with the client before you begin the process to get your share.

CAN I GET A REFUND?

Yes, they offer a complete refund. Here’s what their refund policy states:

  • A 30-day ‘No questions asked’ return window for the Foreclosure Secrets course
  • A money-back guarantee for up to 6 MONTHS! If you cannot convert a client with the given scripts.

Summing Up

Foreclosure Academy is a DFY program that might be beneficial for you if you have the hours to put in. From weekly calls with experts, trained VAs, and private group channels, to training videos and templates, it’s one to consider.

Thanks for reading!

Disclaimer: MoneyMagpie is not a licensed financial advisor and therefore information found here including opinions, commentary, suggestions or strategies are for informational, entertainment or educational purposes only. This should not be considered as financial advice. Anyone thinking of investing should conduct their own due diligence.

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