TABLE of CONTENTS:

Prologue: It really is simple

The benefits of home ownership are much more than just the; tax write offs’, the appreciation, and all of the other financial benefits.  The real “American Dream” is the feeling of community, the knowing your neighbors that who have lived next door to for thirty years, the comfort that comes from knowing that you have a roof over your head for your family, the marks on the wall in the kitchen where you measured each of your kids once a year to show them just how much they have grown, the school down the street where everyone of your family and friends started their learning adventures, the street out front where all the kids and some adults would come out at night and on the weekends to play football or baseball.  The memories of the “old lady” down the street who would yell at you to get off of her yard.  This “Dream” is not exclusive to just America but, an ideal of many of the peoples around the world.

Chapter 1:  The “American Dream”

The housing industry is broken!  Foreclosure, Short Sale, Bail Out’s, Government Grants have all become common words in our vocabularies.  If we personally are not “underwater”, where we owe more than our house is worth, gone through a foreclosure, or short sale, we have many friends and family members who have.  A Solution, that would not require any government monies, that would be inclusive for the poor, middle class, and wealthy would be an amazing accomplishment at this time in our economy.  Read on…………….

Chapter 2:  I feel your pain

I understand completely what you might be going through.  Following the “so called” guru’s and investing heavily in real estate, buying, building, re modeling, fix and flips, lease purchases, rent to owns, buying foreclosures.  I thought I was there.  Financially independent,  being a partner in a home construction company and owning multiple houses that I was lease purchasing, my balance sheet was about a year away from the holy grail.  Retiring with enough money to not only last me forever, but my children too.  Then the real estate market burst and the stock market went with it.  I had to come up with a sustainable, viable solution!

Chapter 3:  So you are impatient?

Then, if you want to join in now, before you read all the pages, feel free by going to http://www.REChamp.com/SL

Chapter 4: Specifically:  How YOU Can Buy a house

STEPS FOR YOU,TO BUYING A HOUSE

1)              Read this book that you bought

2)              Choose a house & sign up for its’ auction on http://www.REChamp.com

3)              Be the highest bidder

Chapter 5:  We had to figure out some way for people to be able to buy a house

First, if what you are doing now-does not work; and you keep on doing it that’ is the definition on insanity. Second, the best way to innovate something new is to takes pieces of what are already proven strategies or techniques and make them work. Third)  we combined some well established, time proven strategies to innovate The New Way, The Better Way;  The RE Champ way so you could buy a home!

Chapter 6:  Proven Strategy #1 (Seller Carry backs)

When you buy a house, at least in the past, your choices to fund the purchase are:  1)  Pay cash  2) Borrow from a traditional lender (bank, savings & loan, credit union, FHA, VA, etc.).  3) Get the seller to “Carry” all or part of the loan.

Chapter 7: Proven Strategy #2(No Money Down)

If a house is worth 100% and you put 10% down, then you are need of a 90% mortgage.  Your LTV (loan to value) would be 90% in the above scenario. We have all been taught that it is better for us, the borrower; to save lots of money to make a large down payment, so that our LTV is lower.  But in reality; especially in a declining market, we do not protect ourselves with a large down payment.  We are protecting the lender (bank).  High leverage is a scary proposition and it helped put a lot of us in jeopardy.  But you see you the government took care of first?---the Banks.  Learn more about zero down payments……..

Chapter 8:  Proven Strategy #3 (Real Estate Auctions)

Over $18 Billion in sales for real estate involved auctions last year alone.   According to the National Association of Realtors; 1 in 3 houses will be sold via auction by 2012.  Selling real estate via auctions has been around along time and has never been a more important tactic than it is in today’s market.  Most auctions have a minimum or reserve.  Which means even if you are the high bidder you do not get the home unless the reserve has been met.  Learn about a no minimum/no reserve auctions…..

Chapter 9:  Proven Strategy #4 Zero Percent Interest 0%

Most of us know; that when a car company offers 0% interest that; they have raised the price so their profits do not decline.  The beautiful thing when you combine 0% interest fixed with our program, the profit comes the existence of a loan not from interest and the price is always 80% of the Real Estate Broker value, and the payment size is determined by you, the bidder.  Some interesting numbers:  Less than one –half of the cost

Chapter 10: Proven Strategy #5 (No Qualifying Loans)

Do you know your FICO score?  Have you checked your credit report lately?  What kind of score do you need to get a mortgage today?  What is stated income? And does it exist anymore?  What is a conforming loan?  Do I conform?  How much do I need in reserves?  What are reserves?  Debt/Income ratio; what is that?  LTV  (Loan to value); what is acceptable?  How do I know if my loan officer is giving me a good deal?  APR?  You wonder how so many loans are going bad when all of these questions had to be answered?

Chapter 11: Only one winner in an auction

We all know what an auction is.  Ebay has been very successful with their auction format and they have a very sustainable formula.  The thing about any auction for any specific item is that; there is only one winner-period!  If you find the home of your dreams, for you to be the new owner using the RE Champ program you must be the single highest bidder.  You can bid as many times as you wish, as long as each bid is higher than any placed before it.  The bidding is determined by highest monthly payment.  So you could win with a bid of $10 for a $1,000,000 home, but not likely; because it would seem if you bid $10, someone else might bid $20 and so on……..         

Chapter 12: Pick your payment size

If you request a payment size from your bank, they will most likely give the option of a 15 year or 30 year loan period.  With the RE Champ program the bidding is done by the monthly payment size.  Highest bid wins.  For example; we put that home available for auction at $80,000 based on the real estate agents’ suggested number.  If you win the bid with a $250 monthly payment you will pay:

Loan Amount               Interest             monthly pay                  # of years

$80,000                       0.0%                $250                            26.67 yrs.

Chapter 13: Real Estate Investment

If you are a real estate investor; you are probably going wild thinking about the tremendous opportunities with the RE Champ program.  To be able to buy a house with; no credit or money issues, no limit on the number of properties you can buy and to have a transferable no qualifying loan that you can sell again utilizing the REChamp program.  Where is the downside?

Chapter 14: “Share the Dream”

Usually when you find something you like and tell your family and friends the only reward is knowing you did a nice thing.  Every time, with the “Share the Dream” program,  three of your friends, family, or anyone you recommend joins a bidders pool, it counts as a partial bidders fee for you  (3 and it’s free) or you can make actual cash at the rate of $20 per person that joins a bidder’s pool.

Chapter 15: What you should know

Since this is a story that touches so many people, there is an abundant amount of information out there.  A lot of it incorrect-believe it or not.  It really depends on your personal situation on what the best approach for you might be.  You should do things differently say; if you have a great paying job, you are up to date on all of your payments and you just want to get out from under a bad, now negative real estate investment; versus, if you lost your job, getting way behind on your payments, and the future looks grim.  There are strategies for every situation, and we discuss a lot of them here.

Chapter 16:             SUMMARY-Enjoy your new home

The 3 EASY STEPS FOR YOUTO BUY A HOUSE

1)      Read this book that you bought

2)      Choose a house & sign up for its’ auction on http://www.REChamp.com

3)      Be the highest bidder

Now only $10.00

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