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Bobby Wallace

Life Is Good In Charleston!

Today is an especially GREAT day to be above ground!

My kids came by to see me...

My Grandbabies are getting ready for an Easter Egg hunt...

The Braves are playing pretty good baseball..

The final round of the Masters is about to come on.. (Let's see if Tiger can make a charge!)

Have a neice and her new 3 month old baby, (that we haven't see) on their way to visit..

Life is good in Charleston!

I am as happy as a hog in mud.

Hope you enjoyed your Easter weekend as much as I did!

Will 259 Local Charleston Families Get Another "Band-Aid"?

Some of us have trouble remembering what got for a Christmas gift :)

so, I am not be surprised if a lot of folks will recall back in

October 2008, when Presidential candidate Barack Obama called for a

"90 Day Moratorium on Foreclosures" http://www.msnbc.msn.com/id/27163985/

Obama's plan was that banks who participated in the $700 billion Wall Street

bailout plan would "temprarily postpone foreclosures for families making good-faith

efforts to pay their mortgage.

"We need to give people the breathing room they need to get back on their feet,"

he said, adding that families living beyond their means share some of the

responsibility.

Why am I bringing this up?

Because the "90 Day Moratorium" is over!

Huh?

That's right...the "band-aid" is about to come off and I am afraid that what we are about to see

is going to be really ugly!

Hopefully, homeowners across the country used this "breathing room to get back on their feet"

but the reality is, with the penalities, interest, attorney fees etc. that Lenders have added on

in the past 90 days, it was just too big a load and they most likely couldn't catch up.

Locally, in Charleston, South Carolina, we have 259 families and homes that range from

$21,953.44 to $2,330,872.96 and are scheduled to be auctioned starting on April 1st, 2009!

Where will they live?

How long will these 259 additional properties sit on the market

(a market that is only selling 4% of it's inventory each month?)

How will the reduced prices of these foreclosures affect the rest of the market?

Ouch!

Mr. President, "May we have another band-aid?"

Do You Know How Paris Hilton's Family Made So Much Money?

Unless you have been living in a cave, you know who Paris Hilton is...

but what you may not know, is how her family became so filthy rich.

Towards the end of the Great Depression, Conrad Hilton, Paris'

Great Grandfather bought up many hotels that were in or on the edge

of foreclosure...for dimes on the dollar!

When the economy recovered, and business travel boomed...

Conrad Hilton became one of the wealthiest men in America.

All around him, other investors bought all kinds of real estate

and got rich when they re-sold..

(They bought very, very low, and sold very, very high)

The same market factors that allowed Conrad Hilton to

lock in massive wealth are available now in today's real estate

market.

It has been estimated that as many as 66,000 homes are

being foreclosed upon every month...and this current real

estate market is creating massive equities for home buyers who

capitalize on real estate depressed prices...

In other words, this foreclosure "crisis" could be your opportunity

of a life time!

If you'd like to learn more about how you can receive a FREE list of local bank foreclosure,

HUD, estate sales and other distressed properties, we'd like to invite you to attend our

call our real estate information center at 1-800-896-0402 and leave a message with your

mailing address or you can attend our upcoming Foreclosure Seminar.

To reserve your seat, just call Toll FREE 1-800-896-0402.

You might not want to be the next Conrad Hilton...

but if you do nothing else but buy a home for your family to live in

you can save thousands of dollars!

Who Else Wants To Learn How To Get Out Of The "Rat Race"?

With the news that defending two-time Cashflow Champion, David Ravnikar would not be on hand to defend his title, speculation has begun on who would take over the prestigous crown...

Will John Hill be able to win his second title?

Can former champ Tim Dorst overcome Valerie Singley and James Harrison?

Or will we crown a new champion?

Cashflow 101 is an educational tool in board game format designed by Robert Kiyosaki (author of Rich Dad, Poor Dad, which aims to teach the players concepts of investing by having their money work for them ...instead of working for their money.

There are two stages to the game. In the first, "the rat race", the player aims to raise his or her character's passive income level to where it exceeds the character's expenses. The winner is determined in the second stage, "the fast track". To win, a player must get his or her character to buy their "dream" or accumulate an additional $50,000 in monthly cash flow.

Would you like to learn how to get out of the Rat Race?

Come join us on March 31st and see who the best Cashflow player in Charleston is!

Guests are welcome ~ Sign in/dinner starts at 5:30... Game starts at 6 PM.

Hope you can join us!

To R.S.V.P. visit www.charlestonrei.com

Who is Frank Donatelli and How Can He Help You?

Please join me in welcoming Frank Donatelli to the Active Rain family!

Frank is a Property & Casualty agent with Christian-Co Insurance Agency in Charleston.

In the Coastal areas of South Carolina, a good Property & Casualty agent is an important

part of your team...so, if you have a question about Homeowners Insurance

(or Renter's coverage) , or the next time you are asked for a reliable, dependable

local Charleston Insurance Agent who can provide great service at an affordable price,

I humbly ask you to remember the name, "Frank Donatelli"

I appreciate him...you will too!

Bobby Wallace

Charleston Real Estate Investor's Association