Why Change the Name from MAPS to Assignment of Mortgage Payments System?

Why Change MAPS to the Assignment of Mortgage Payments System?

In June, Phill Grove launched the Assignment of Mortgage Payments System (AMPS) as an upgrade to the original product, the Mortgage Assignments Profits System (MAPS).  Why the change?

Assignment of Mortgage Payments System | Background of the program

We started developing the MAPS strategies right after the market corrected itself in 2009.  I taught my first group of students in Texas, which at the time was only 75 people, how to perform this strategy that we then called the Mortgage Payments Assignment Process.  Well, MPAP isn’t much of an acronym, so we renamed the program the Mortgage Assignment Profits System, or MAPS.  It was a much cleaner acronym but there were a few problems with the name.

First, we later realized that Keller Williams had a real estate product that they called ‘MAPS’ as well and they didn’t like us having a product by the same name.  Second, as rocks were turned over and more and more of the illegal actions by the banks came scattering to light like cockroaches, a common term for their missteps was ‘mortgage assignments’.  Well, we didn’t really want to have our program branded with a name that is synonymous with illegal activities.  Thirdly, and most importantly, based on our students’ feedback, we made some major improvements to our product that would knock down some of the major barriers to doing deals.

Assignment of Mortgage Payments System | Why better than MAPS?

As we started teaching more and more people across the country these strategies, the most common feedback from our students about the MAPS program was that they needed help with marketing and they needed help with the paperwork, meaning they wanted contracts that worked in their given states as well as a legal network.    So we took that feedback, used it to improve the program, and gave it the new name: the assignment of mortgage payments system.

• Marketing improvements:  with the assignment of mortgage payments system, we now have individual buyer and seller websites with eBooks and autoresponders.  90% of homes are bought and sold by utilizing the Internet, so having an online presence is a must. Rather than having students go out and try to build their own websites, eBooks, and autoresponders, we created our own with help from some of the top Internet marketers in the country.
• REI Matcher:  speaking of buyers and sellers, the assignment of mortgage payments system students have an option to participate in the REI Matcher system, which is the worlds largest database of AMPS buyers and sellers.  Imagine getting a house under contract in Austin, Texas, and being able to log into REI Matcher and find that there are 10 other AMPS students who have buyers in Austin, Texas, willing to put 10% down on a house that perfectly matches the property that you are seeking to sell!  REI Matcher simplifies and speeds up the process of putting together buyers and sellers.
• Legal network:  with the assignment of mortgage payments system, you now have the state specific paperwork needed to close an AMPS transaction anywhere in the U.S.!  Rather than having to take our contracts to an attorney and wait for them to create the addendum, we’ve already done that legwork for you.  Plus, when you become an assignment of mortgage payments system student, you will have access to our legal network, meaning you can close your deals in all 50 states.

Assignment of Mortgage Payments System | Conclusion

In conclusion, we gave the program a better name because it is now a better program. In today’s economy, being able to sell a home with owner financing using the assignment of mortgage payments system may be the difference between a home going to foreclosure and reselling at a 20% discount or a home avoiding foreclosure and selling at market price.  What will the impact be to housing markets if more houses are selling at market rate rather than foreclosures?  Everyone wins.  There’s never been a better time to get involved in the real estate industry than now, and following the assignment of mortgage payments system will provide you with the blueprint needed to profit in today’s tough economy.

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