Hey All, Jeff Lenney here, and THANK YOU for stopping by to read my foreclosure academy review! For those who don't know who I am, my name is Jeff Lenney - and I'm a full-time business owner, affiliate marketer & investor.
I also NEVER review a product unless I get it first, and go through it to see if it delivers on what it promises. With that being said, let's get to the reason you're here:
What IS Foreclosure Foreclosure Academy All About?
I got it, so I can show you!
My 30 Second Overview
In the US, 3,000 homes go into foreclosure each day. That's 90,000 people losing their homes every month due to financial difficulties caused by crises like pandemics, war, or job loss.
However, you can help these people reclaim their money and make a profit of $10,000 to $40,000 for each person you help.
(Yes, really...here's an Attorney's website talking about the same thing).
USUALLY, the government keeps the leftover money from foreclosed homes, which amounts to $17 billion each month.
However, almost 100% of that money is waiting for someone to claim it.
This enables people to get rich by helping others reclaim their money.
The entire process is surprisingly simple, and works like this:
Find someone who lost their home
Call the government office to find out how much money is in the previous owner's name
Sign a contract
Transfer the money for a 40% finder's fee.
People gladly pay up to 40% when they receive all the money they lost in their foreclosure.
Obviously, you need to learn how it works (which foreclosure academy is perfect for), but with the right process in place, you can make a lot of money helping people reclaim their lost money.
For example: On a $250,000 home, a 40% finder's fee is $100,000 in pure profit.
Foreclosure Academy is a literal treasure map to help people reclaim their money and make a profit while doing so!
Does it REALLY Work?
Sure, here's just a FEW of the members success stories from the private members only Facebook Group!
Let's Look Inside The Members Area!
The members area consists of 2 parts:
Part 1 is the main foreclosure academy course, and consists of 10 sections
Part 2 goes into your new online business website set up, and includes 5 modules.
Both include super detailed videos, STEP-BY-STEP docs that match the video content showing EVERYTHING you need to do, and even a link to the private Facebook group where members can interact with each other and ask questions.
It is a valuable resource for anyone (not just real estate investors) looking to profit from tax sales and mortgage overages, even if you have no prior experience.
Part 1, Foreclosure Secrets (By Foreclosure Academy)
Foreclosure Secrets Section 1
This is an overview of the entire course and talks about the two types of overages you will be profiting from:
- Tax Sale Overages happen when a county sells a property because the owner hasn't paid their property taxes. For example, if a homeowner owes $15,000 in back taxes and the county sells their property for $75,000, then there's a $60,000 overage. Tax Sale Overages are the most profitable foreclosures, but also the most competitive.
- Mortgage Overages happen when a lending institution or bank sells a property because the owner hasn't paid their mortgage. For example, if the amount still owed to the lending institution is $100,000 but it's sold for $120,000, then there's a $20,000 overage. Mortgage Overages are a little more work to find, but there is less competition from others doing the same as you.
If the extra money from the sale is not claimed for a certain amount of time, it will go to the state. Not all states have Tax Sale Overages, but most states have Mortgage Overages.
Lead Gen Secrets Section 2
This section is about how to generate leads, which is the backbone of every successful business. With Foreclosure Academy, you'll gain access to some of the most innovative and effective methods for creating a private list of high-quality leads that will give you a major advantage in the marketplace.
So, how can you get your hands on those kinds of leads?
Well, it all starts with a private list. This is a carefully curated list of the very best leads that only a select few people have access to.
Now, there are a few ways (three, that this course covers) to go about creating this list, but some of the most successful methods involve a bit of ingenuity and strategic thinking.
For the first two, you might need to get out there and attend specific events to gather information or tap into the power of the internet to track down the most lucrative opportunities.
But perhaps the most innovative method of all is one that's kept under wraps, known only to a select group of savvy entrepreneurs. If you can master this technique, you'll be well on your way to building a solid list of leads that will give you a major edge in the marketplace.
Obviously, I can't give everything away, but I promise you'll have multiple "ah-ha" moments when reviewing this portion of the training!
Skip-Tracing Secrets Section 3
This section teaches multiple methods to find contact information for leads, including free and paid options.
Social media platforms like Facebook and LinkedIn can also be used to connect with potential clients.
It also discusses the pros and cons of doing your market research either before or after contacting leads, emphasizing the importance of taking action and implementing the knowledge as soon as possible.
Lead Outreach Secrets Section 4
This module provides guidance on how to build trust with potential leads and successfully contact them to recover unclaimed funds.
It emphasizes the importance of establishing a rapport with leads, and provides tips on how to do so without being pushy or insistent.
The module also includes a list of potential objections that leads may have and how to address them.
It outlines the steps for the online business model making initial contact with leads via phone, voicemail, text message, and letter, and provides strategies for following up with leads to close the deal.
Overage Paperwork & Attorney Section 5
In this section, you'll learn how to hire an overage attorney and the necessary paperwork to complete the process. Note that in some (but not all) states, an attorney is required to retrieve unclaimed funds.
It may seem challenging to find an attorney who is knowledgeable about overages, but there are ways to simplify the entire process that the course covers, both 'in person' and online options!
The course also shows you how to avoid up-front fees, so you pay them on a contingency basis and they're paid only for their services!
Don't let this intimidate you, it's just part of the process and quite easy once you get started!
Outsourcing Secrets Section 6
This section is all about how to make the most of your time as an entrepreneur by focusing on the most important tasks and leveraging the efforts of others.
Many new entrepreneurs fall into the trap of spending too much time on busy work, such as running errands and doing tasks that others could easily handle. This not only takes valuable time away from the critical tasks of running the business, but it also limits your ability to expand beyond your local area and find the best leads.
Instead of trying to do everything yourself, this section teaches you how to hire and train virtual assistants (VAs) to handle the busy work for you. By doing so, you can free up your time and focus on the most important aspects of the business, while still getting all the necessary tasks done.
Before hiring any VAs, however, it's recommended that you do all the work yourself for the first 6-8 weeks in order to gain experience and learn the business. This will enable you to better evaluate the work of your VAs and ensure that they are meeting your standards and gathering leads effectively.
Auto Dialer Secrets Section 7
Have you ever felt like you spend too much time manually dialing numbers and not enough time actually talking to prospects? It can be frustrating and even discouraging.
That's where an automatic dialer can come in handy.
In this section, you'll learn how to use an automatic dialer to save time and increase productivity. While some automatic dialers can be expensive, they've found a free option that's perfect for startups and small businesses.
With the free auto dialer, you can easily upload a list of numbers and start calling without the hassle of manually dialing each one. And if you find that you need more advanced features, you can upgrade for just $30 a month to get unlimited use.
Sure, some people may dislike the idea of an automatic dialer, but when used properly, it can actually make your sales calls more efficient and effective.
Plus, with the ability to personalize messages and prioritize leads, you can make a stronger connection with your prospects and increase your chances of closing client deals.
So, don't knock it until you try it! Give the free auto dialer a chance and see how it can help streamline your sales process.
Business Setup Walkthrough Section 8
This section is about the importance of having a strong online presence for a business and how it can make closing deals easier.
The section emphasizes the need for a logo, website, letterhead, 8** phone number, and business email address to appear legitimate to clients.
It offers a business logo template that can be edited easily, a WordPress website template, and a professional letterhead template with the company logo.
The templates are easy to customize and can save small businesses time and money.
Part 2 Business Setup Walkthrough [Website]
While I won't delve into each section in detail as I did before, I want to assure you that the heart of the foreclosure secrets course lies in its first part, which I went into detail on above.
However, the second section is equally crucial as it covers the technical aspect of creating a successful website.
In the second section, you'll be provided with detailed videos and step-by-step instructions on how to install and set up tools for your website including WordPress, plugins, your WordPress theme & a few more things.
- The First Portion Covers Installing Xampp, which is essential for running your business.
- The Second Part shows you how to install and set up WordPress.
- The Third Part goes into detail on installing essential WordPress plugins, and setting up your WordPress theme.
- The Fourth & Final Part of the training goes into customizing your theme and giving it that 'wow' factor!
It's worth noting that this section is vital to creating a professional-looking website that will appeal to potential clients.
So, be sure to pay close attention to the details and follow the instructions meticulously.
My Review & Final Verdict of Foreclosure Academy
Honestly, Foreclosure Academy really impressed me! There is a LOT of money to be made out there in real estate business, and while it does take some actual work *gasp* to get your leads, it's also extremely easy to pass off to a VA (virtual assistant) to do the work for you once you've got the process down yourself.
The process is simple; all you have to do is call the local government office to find out how much money is in the previous owner's name, sign a contract, and transfer the rightful owner the money for a 40% finder's fee.
The best part is that people will gladly pay up to 40% when they receive all the money back they lost in their foreclosure. For example, on a $250,000 home, a 40% finder's fee can be as much as $100,000 in pure profit!
Pros & Cons
So...the reason you're here is my foreclosure academy review so I'll get to it.
Foreclosure Academy is an excellent program that can help you make money while assisting others. With its detailed videos and step-by-step documentation, the course guides you through every aspect of profiting from tax sale overages and mortgage overages, making it easy to understand and implement.
Moreover, you'll have access to a private Facebook group where you can interact with other members and get answers to your questions. The full course content covers all the crucial aspects of the field, from understanding how overages work and the different types that exist to generating more leads yourself, skip-tracing secrets, and closing such deals with clients.
Initially, I was a bit intimidated by the idea of profiting from foreclosure investing, but the clear and comprehensive approach of Foreclosure Academy made the entire foreclosure process seem much more manageable.
Overall, foreclosure academy is an invaluable resource for anyone who wants to succeed in this industry, regardless of their previous knowledge or experience.
Ready to make money online while helping others?
Disclosure: Some of the links in this post are affiliate links, meaning, at no additional cost to you, we may earn a commission if you click through and make a purchase.