(June 6, 2011 – Austin, Texas) The Assignment of Mortgage Payments System (AMPS) has been created by real estate mogul Phill Grove to match a real estate buying and selling strategy with the unique characteristics of this current real estate market. Given the high amount of foreclosures occurring in this economy, housing prices are dropping rapidly, and the traditional means of buying and selling a house no longer apply.
The goal of Phill Grove and the Assignment of Mortgage Payments System (AMPS) is to sell ‘unsellable’ houses to ‘unloanable’ people without discounting the median prices of houses. The Assignment of Mortgage Payments System (AMPS) will be available on Monday, June 6, 2011, at www.REIMaverick.com.
An ‘unsellable’ house is a house where the seller’s mortgage is higher than the market value. Therefore, if distressed homeowners want to sell their houses, they will have to come out of pocket to do so. Since many of these distressed homeowners are suffering financially and looking to move as a way to reduce their expenses, they’re not able to come out of pocket to pay the difference between sales price and what is owed. Eventually, these homeowners just stop paying their mortgages and their homes go into foreclosure. This continuous foreclosure process causes median home prices to fall, creating more underwater mortgages, and leading to more foreclosures. These distressed home owners are looking for someone to provide an answer other than foreclosure, and Phill Grove, with his Assignment of Mortgage Payments System (AMPS) has that answer.
An ‘unloanable’ buyer is a buyer who does not qualify for a loan in today’s market, which numbers around 85 million people. The number one factor holding back the housing market is the stringent lending policies of the banks. In a recent survey of Century 21 Realtors, 9 out of 10 stated that credit score and related financial qualification requirements were the biggest obstacles holding back the housing market.
If we could eliminate the banks involvement in real estate transactions, then real estate investors could sell more of these ‘unsellable’ houses to more of these ‘unloanable’ buyers at market price. This is the ultimate goal of the Assignment of Mortgage Payments System.
With Phill Grove’s Assignment of Mortgage Payments System (AMPS), the REI Maverick is prepared to provide real estate investors the following:
- Information on how to find motivated sellers and buyers
- Scripts detailing what to say to them / how to negotiate
- Step by step training modules with over 30 hours of online video training
- Access to Phill Grove’s nationwide legal network
- Access to Phill Grove’s nationwide database of AMPS buyers and sellers
- Seller Magnet with Auto-responders that automatically captures & builds rapport with sellers
- The Property Syndicator – ALL of your deals syndicated to 40 websites automatically
- And much, much more
The Assignment of Mortgage Payments System (AMPS) was originally known as the Mortgage Assignment Profits System (MAPS) released last year. While the Assignment of Mortgage Payments System has been ‘AMP’d’ up, it still provides the same great training that MAPS did with the added benefit of providing state specific contracts for all 50 states. Also, the worlds’ largest database of owner financing homes, REI Matcher, has been improved. Not only will each Assignment of Mortgage Payments System student receive their own buyers and seller’s marketing website with auto-responders, but each time a student submits a property to REI Matcher, it will now automatically be syndicated to 40 different websites.
More millionaires will be created out of this real estate market in this economy by those courageous investors who act while others wait and see. For those looking to take action in real estate investing with Phill Grove’s Assignment of Mortgage Payments System (AMPS), visit www.REIMaverick.com.
About the REI Maverick, Phill Grove: Phill Grove’s claim to fame is that he has conducted over 1,000 short sales over the last 8 years, as well as 200 other residential & commercial transactions. More recently, Mr. Grove has become a highly sought after speaker and trainer in real estate investing circles nationwide, teaching his ’12 Ways to Buy and Sell Real Estate’ and most recently his ‘Assignment of Mortgage Payments System.’ His Phillosophy (pun intended) is that “the biggest opportunities for wealth exist for those that solve the biggest problems during the biggest times of need, and there has never seen a bigger opportunity than now to grow rich while helping others.”