www.Roddy.com & http This week on the Roddy Real Estate Investing show, George and Rebecca talk about: Foreclosure Auction – Feb 7th from 10am to 4pm Foreclosure Auction field trip – go to www.Roddy.com to register Three leads to incorporate into you business – Absentee owners – Over 65 owners – Long Term owners Get these leads at www.flsonline.com Finally, get an online contract writing program at http It cost $9.99 a month, but you can take $5 off if you put in the discount code: RODDY. Have a great week and call us if you have any questions or need real estate advice.

www.Roddy.com. This is Week 4 of 2012. George Roddy, Jr and Rebecca Roddy share their weekly outlook on what’s going on in the Texas real real estate business. Deal of the week Two foreclosure homes in N Dallas. Links: Register for the Title Research Workshop ($79) or the FREE Roddy Roundup by going to www.Roddy.com Go to http to get accurate and timely motivated seller leads. Register for the Attend this weekends DFW Real Estate Investors Expo – www.REIexpo.com Thanks for watching and please comment. We’d love to hear from you.

www.Roddy.com. This is Week 3 of 2012. George Roddy, Jr and Rebecca Roddy share their weekly outlook on what’s going on in the Texas real real estate business. Friday’s Webinar link www2.gotomeeting.com Deal of the week: 342 Arborview – www.youtube.com Education: Attend next weeks DFW Real Estate Investors Expo – www.REIexpo.com Thanks for watching and please comment. We’d love to hear from you.

www.Roddy.com. George walks and talks (yes, he can do both) about one of his latest investment coaching student projects. This property was acquired at the Dallas Co. Sheriff’s Auction. He talks about the numbers and show you what they have done on the renovations.

Go to www.Roddy.com – Week 2 of 52 – 2012 newsletter. Again, click on link to get the link to our FREE Foreclosure webinar and eviction video. Every week, Rebecca and George bring you tips, tricks and tactics for the Texas real estate investing business. Data / Leads: www.flsonline.com Education & Real Estate Wealth Advice www.Roddy.com See you next week. Please comment below. Let us know what topics you want us to talk about. We will bring these to you every week and keep these videos to 3 mins top. We’ll talk fast!! To your success – George Roddy, Jr. Founder, Roddy Real Estate Investing Academy http

George Roddy, Jr want to wish you a Happy New Year. Here are FIVE things to think about. Go to www.REIEXPO.com to register for Jan 28-29th event. Remember to put “happynewyear” to get 25% discount. Email info@roddy.com to get 15 ways to Success ebook from me. Go to www.RoddyRentals.com on Monday (Jan 2nd) to see information on the 2 new construction rental properties. Here’s to a prosperous 2012. Stay Hungry my friends, George Roddy, Jr. Roddy Real Estate Investing Academy 214-593-0074

Here is the skinny on this property we just got under contract. If you don’t want it, I’ll buy it. Retail Value: $145000 to $150000 Retail Rents: $1350-$1400 Repair Cost (to sell retail): $18000 Repair Cost (to rent ): $5000 if no roof, $10000 with new roof. Description: Great condition, but has a older roof that might need to be replaced. If I buy this property, then I going to patch the roof and wait for the next hail storm that comes through and save $5500. Garage has been converted into a living area, but I would convert back if I was going to sell for retail. The play is to buy and hold. Good area, good rent and less than $5000 in repairs to rent it out. Call 214-593-0074 to set up a showing time. See ya, George Roddy Real Estate Investing Academy Wholesale Deal of the Week.

Hey everyone, Well its almost Christmas (week 51). A couple of things: 1. Register for the upcoming REIexpo by Xmas and save 30%. Type in the word “merrychristmas” to get the discount. go to www.reiexpo.com to register. 2. Upcoming workshop on hot topic “Self Storage Auctions”. Learn from a local auction hunter who will show you exactly how to make this a profitable business venture. Go to www.Roddy.com to register for next weeks evening workshop. 3. Deal of the Week – 2404 Winona Dr, Plano. 3/2/2 that is is great shape, value is $145-150k. Rents are $1350 – $1400 mo. If you rent, I would say $5000 to rehab with the exception of the roof (might need to be replaced). We’re asking $98000. Call 214-593-0074 to view property. 4. Happy Holidays – be safe and spend as much time with your friends and family.

Foreclosure prevention scams have been flourishing the country for years now as homeowners search desperately for ways to avoid foreclosure. While there are some legitimate services out there, many just prey on borrowers facing foreclosure and typically charge a fee anywhere from $1,500 to $4,000 for a service that is never performed.

A perfect example of one of these predators is Frederic Alan Gladle from Austin, Texas who ran a foreclosure prevention company out of Los Angeles. Gladle falsely promised more than a thousand homeowners he could prolong a foreclosure sale for up to six months in exchange for a fee. Up until his arrest this October, Gladle along with several associates ran this four year scam that netted over one and a half million dollars from distressed homeowners around the nation.

According to the indictment, Gladle would charge homeowners a fee of about $750 per month to extend foreclosure proceedings. He would later have his clients sign a deed granting 1/100th interest in the home to an unknowing individual undergoing bankruptcy. These borrowers had no idea that Mr. Gladle and his associates used their bankruptcy petition to help his clients avoid foreclosure.

Due to the fact that filing bankruptcy leads to an automatic stay, Gladle’s clients were temporarily protected because the servicer of the mortgage is required to go to court in order to collect on the debt. Once his clients wanted out of the 1/100th deeds, he would simply forge the debtors signature which whom is undergoing bankruptcy to void the deed.

“Mr. Gladle defrauded victims trying to save their homes, further exploited those in debt by stealing their identities, and wreaked havoc on both banks and the Bankruptcy Courts by manipulating the system. This is the latest example of heartless criminal activity by an individual who sought to capitalize on the misfortune of those affected by hard economic times,” said Steven Martinez, Assistant Director in Charge of the FBI’s Los Angeles Field Office.

As part of his plea bargain, Gladle said that he will plead guilty to 1 count of aggravated identity theft and 1 count of bankruptcy fraud. He now faces a maximum sentence of up to 5 years for bankruptcy fraud, and a minimum sentence of two years for aggravated identity theft.

George Roddy’s take:  Like the article states, there are sheep and then there are wolves in sheep clothing.  We deal with the owners and their emotional state every day in this business.  Once the person is posted for an upcoming Texas Foreclosure auctions, there are really only 5 options to choose from.

1. Try to work with their current lender (hard to do, because the lender is pretty upset with the borrower).

2. Work to refinance with another lender (impossible unless your dealing with a private lender)

3. Declare bankruptcy (unfortunately, 60% of people who do this, STILL LOSE THEIR homes)

4. Sell their property  (a lot of times, the owner doesn’t have enough equity).

5. Do nothing.  (Here in Texas, 35% choose this option).

Here at Roddy Real Estate Investing Academy, we teach ethical and professional methods of real estate marketing and investing.  Our sole purpose is to help people and create WIN-WIN transactions.  To learn from us and avoid the courtroom or “state housing”, call us.

Go forth and prosper,

George Roddy, Jr. – founder

P: 214-593-0074

F: 214-224-0118

E: george@roddy.com

A: 4851 Keller Springs Rd Ste. 219

Addison, Texas 75001

Visit:  Roddy Real Estate Investing Academy – Since 1963, we’ve helped people make money in Texas real estate.   (Real Estate training and 1-on-1 Coaching)

Visit:  Roddy Rentals – we offer Turn-Key residential rental properties for people who want an investment that delivers double-digit returns without the day-to-day headaches. (Investments)

Neighborhoods in the D/FW area are battling a plague of squatters who’ve taken over homes while owners are absent, even temporarily.  They’ve occupied properties worth a total of $8 million, says the Star-Telegram.

In Tarrant County, Texas squatters are picking up tips from books and the Internet, says the Star-Telegram:

A few words come to mind by some: Shysters. Burglars. Thiefs.

Now, I know this may come as a surprise but some of these characters seizing homes under “adverse possession”  have criminal records.  Can you believe that???
Suspicions are that other squatters have conducted the same racket in other states, said (Clint C.) Burgess, the Mansfield constable. “When you come in and start enforcement, they just leave,” he said.  Then they move to another state to run their scheme, he said.
Others are copycat squatters, who may learn the ropes through Internet videos or how-to books.  Owners of affected homes and their neighbors are angry with the county for failing to “police the problem,” the paper says:
The schemes are hard to unravel because of a loophole in a state law that allows people to suddenly claim supposedly abandoned sections of property if no owner is on the spot to challenge such a claim. The law’s intent was to help ranchers and others who had tended vacant land for years, so they could eventually gain legal ownership of the property.  That’s done by filing a document called an adverse possession affidavit with the county clerk.

Here is where the but occurs, the law doesn’t distinguish between a claim on a $27 section of sod and one on a $2.7 million mansion with an elevator, three master bedrooms, a five-car garage and a pond with fish in the back yard.  File the proper paperwork, pay a $16 filing fee, keep up with the property taxes and live in the house three years or more, and even the courts may not be able to evict you.  Only in Texas, my friends. 

So what the heck is Adverse Possession, anyway?

Well, according to FindLaw, “Adverse possession laws allow people who move onto property and possess it in an open and obvious public manner to potentially acquire title, after a certain amount of time.”

What are you doing this weekend?  A) Attend a Roddy workshop.

1. How to buy Texas Foreclosure (morning session)

2. Texas Tax Liens – the Unknown Auction (afternoon session).

Bottom line, there will people that want to work the system.  I see if on the courthouse steps, dealing with short-sided wholesalers and even with big financial institutions.  Bottom line, 95% of the time, it doesn’t work out favorably for the get-rich-quick individuals.   I don’t mind the creativity, but come on, this is Texas and you know what our slogan is “Don’t Mess with Texans, especially our houses“ !!!

Until next time, go forth and prosper!

George Roddy, Jr.

Roddy Real Estate Investing Academy (www.Roddy.com)

214-593-0074

** article provided in part by Marilyn Lewis at MSN Money with commentary by George Roddy, Jr., Roddy Real Estate Investing Academy.