Those damned late night infomercials..... They lead perfectly intelligent people to believe that with no money down or for a few thousand dollars, they can buy homes of people who defaulted on their mortgage payments.
I had a prospect who saw a late night infomercial from a "national figure", called up the number and got talked into signing up for a "coaching program" for some $8,000 which would reveal the secrets of buying real estate with no money down. Turned out they were talking about some variation of buying foreclosed properties at a trustee's sale (auction). This "coach" suggested financing the purchase by using credit card debt!
Steve Mun, Silicon Valley Realtor
www.stevemun.com
www.stevemun.com
No comments:
Post a Comment