1) If these properties have gone into default, how can we capture them without the bank/HUD/FNMA/FreddieMac using their own Agent for the listing? If the current lender has the deed, the leads would do us no good because there is a deal between the lender and their preferred Agents.

The foreclosure process is this:

Stage 1 – Pre-foreclosure
Stage 2 – Foreclosure - Auction
Stage 3 – Post-Foreclosure (No bid at auction bid, or bank is high bidder) - REO

What you are referring to is Stage 3 - after the bank takes back the house. What you don't realize is that with the service we provide you, you'll often know the day the properties go into Pre-foreclosure (officially defaulted). There are often between 4-6 (sometimes 12) months before it actually goes to auction.

The Foreclosure Mastery™ program focuses on Stage 1 and touches on stage 2 and 3. It's likely that we'll release other programs that focus on the other 2 stages because they are involved enough to need a completely different strategy.

2) How often do we get these leads? How many people in the same area do you send the same lead to? Is there any exclusivity on these leads?

1a) You will get leads as often as homes in your county go into default. In our county here, it's once to several times per day.

1b) Each county is different, but so far we've had about 100 Agents who have invested in the complete program. There may be other Agents in your county, but it's not likely that they'll have the Foreclosure Mastery™ program.

RealtyTrac^®, which provides the foreclosure data service, has been around since 1996 and it's possible that an Agent does have it in your county. Although it's more likely that a Real Estate Investor has it. Also, quite a few of the Agents who are RealtyTrac® members market to the investors in their market and don't see the homeowners as a client. To be quite honest, they don't know what to do with them or how to market to them. That's why Dirk's developed this program.

3) What is the monthly charge for RealtyTrac^®?

The first month is free and included in your purchase. You'll get their $75 Agent package for 30 days starting whenever you want.

After the 30 days, it's $75 per month, but they do have a cheaper package marketed to Investors for $39.95 that gives you the same foreclosure data. You won't have the ability to upload your listing to their server with the Investor version, but you will still get the valuable foreclosure data.

4) Is there a monthly charge going forward? Is this foreclosure product, or is it a one time fee of $297?

There are two parts to the program. 1) the foreclosure data service 2) the sales audio training plus a 161 page CD-ROM Workbook that contains tools, letters, scripts, etc. 3) the marketing program postcard campaign, marketing plan, salesletter, free homeowner report, etc. Bonus) Members-only Resource Website

For the $297 you get the first month free of #1 plus #2, #3, and #4. With #1, you'll get RealtyTrac^®'s $75 Agent package for 30 days starting whenever you want.

After the 30 days, it's $75 per month, but they do have a cheaper package marketed to Investors for $39.95 that gives you the same foreclosure data. You won't have the ability to upload your listing to their server with the Investor version, but you will still get the valuable foreclosure data.

5) Are these leads I would be buying? Is it a program to find foreclosures with banks, etc. or homeowners going into foreclosure?

The RealtyTrac^® service delivers leads for your particular county to you on a daily basis. It's a monthly subscription service for $75. Your first month is included in the purchase, and it's not a per lead charge. You'll get them all delivered daily into your inbox.