Get ready to get a car trunk full of cash and buying Michigan foreclosures at 20 cents, 10 cents on the dollar without breaking a sweat.

The day is coming and it would probably the best and biggest buying opportunity of this decade in Michigan.

There is a crash coming in the sub-prime mortgage lenders – these are the folks who have the honor of making loans to homeowners with bad credit at ridiculous high interest rates often hiding the sting in a nice friendly startup rate.

You know what the credit card companies do all the time – give you a goofy low rate, you get happy and start charging, then once you have gotten used to it, jack up the rate to 20% and then smile nicely at you when you are shocked looking at your next statement.

Well sub-prime lenders do the same every single day in Michigan. Give adjustable rate mortgages out at cheap teaser rates then whack the homeowner on the head with a huge payment when the honeymoon period is over.

So far the game has been played out nicely in favor of sub-prime lenders as homeowners in Michigan and elsewhere kept on refinancing and jumping from one bad loan to another with the help of your friendly loan officers who were more than happy to keep refinancing the same marks over and over again, charging them $5000 to $10,000 per refinance.

Well the cooling market is not letting most homeowners in Michigan refinance their loans – all the while their payments are going up, Up, UP!

Most of them are going to end up in foreclosure.

That is a fact of life.

So what it means for Michigan real estate investors in 2007 and beyond?

Faced with the tsunami of foreclosures coming toward them, which will create what I call the Art Van Furniture Sale Problem (you have seen the ad right – “Art Van has a warehouse full of inventory and more is coming in – We Must Have A Sale!) and even a bigger hidden problem as lender getting up in the middle of the night screaming – “ I have so many foreclosures coming at me and I need some cash to pay my investors and lenders back before Wall Street puts me out of business”.

Ladies and Gentleman – the day is coming and if you think that I am kidding than obviously you are not paying attention to very disturbing news that came out this morning.

This morning, New Century Mortgage, the second-largest sub prime mortgage lender in America, told investors on Monday morning that all of its lenders had stopped short-term funding or will do so soon. The Irvine, California-based company said it would require more than $8 billion if it was put in position where it was required to repurchase all its outstanding mortgage loans, but New Century said it doesn't have the liquidity to meet that financial obligation

The company's shares were suspended from trading on Monday
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This is bad news, BIG TIME, but music to mine and my student ears.

Let me tell you something, New Century is the first domino to fall but they will not be the last.

New Century Mortgage by the way funds tons of houses in Michigan every day.

As my Inner Circle member Ken Gould emailed me, “Can you smell it? - Ah the smell of fresh short sales in the morning, very refreshing!”

Get ready or better still get a car trunk full of cash and the knowledge to buy Michigan foreclosures at 10 cents, 20 cents on the dollar on a day which is not that far in Michigan for us.

If you don’t know how to get other peoples money, how to put together a short sale package, how to fix houses by literally using “Mind Control” techniques with contractors and you are sitting and wondering what the heck I am talking about they you have my condolences.

You are about to miss out, as the biggest boom in Michigan foreclosures is about to become even bigger.

My former boss took me out for a drink when I told him that I was quitting my job trying to convince me to stay. After half a bottle of a really expensive red wine he told me in disgust “ You have lost your mind.”

Funny thing is that what I make now in a typical month used to be my annual salary once upon a time in America.

I got my start in Michigan real estate buying and selling Junkers in Detroit.

In 2007, in Michigan, t you don’t need to do what I had to do six years ago because banks will give you discounts, big ones, if you know who to ask and how to ask – Junkers buying optional is now for you in 2007.

The easiest, fastest, shortest path to knowing how to find, fix and flip bank foreclosures in Michigan is Quick Start 2007 Bootcamp – I am so confident (it is a brass balls thing) that you will be blown away that you can come and sit for an entire first day in Troy with me and if you don’t think this was time and money well spent – well you just tell me so and I will hand you 100% of your investment in the Bootcamp plus a $250 Gas Gift Card.

The thing is that New Century did not call you before collapsing. Neither will the other banks. You have to be there to pick up their inventory of Michigan houses CHEAP.

Sometime money, a lot of money is made not by being smart but by showing up at the right places at the right time. This is one of those opportunities.

Details about Quick Start 2007 Bootcamp and the $500 discount are here: are here.

Somethings in life are worth waiting for – being able to have a “choice” on when to get out of the rat race in Michigan and stop relying on your employer for your paycheck should not be one of them for you.