Foreclosure Academy Review

Making money in real estate almost always requires heavy financial investment. But some programs have claimed to help you make money without you coughing up a lump sum investment. One of these programs is the Foreclosure Academy. 

According to the creator, he found a loophole that allows you to earn money while helping the homeowners who have faced foreclosure. In their words, the academy is the place to learn how to earn money rightfully and feel good about it. If you are wondering if this program is meant to take advantage of people facing foreclosure, don’t worry. The program is intended to help the previous homeowner and you.

But… before you read what I have to say about Foreclosure Academy, imagine if you could rent out DIGITAL properties. I’m talking about renting out properties that exist ONLINE only (not in the physical world). You may not know this, but properties like this can get you much higher rent, and there are, no property taxes, no repair costs, no homeowners insurance, and the profits can be MUCH greater: Digital Real Estate Video Here.

Here’s a video of my daughter’s business using this :

Click Here to Get The Course My Daughter Used.

The course my daughter used above is much better than the Foreclosure Academy course. But since you are here to learn about Foreclosure Academy, lets get back to our review of that:

So, how does the program work? Will you make money and is it even legit? That’s what this article seeks to answer. 

Who is the Creator behind the Program?

The program was created by Calton Weiss, owner of the Private Wealth Academy. Calton used to be a private investigator who specialized in private trusts. His goal for creating Foreclosure Academy is to help people to get the amount they deserve from foreclosured home sales. 

What is Foreclosure Academy?

It’s a detailed program that helps you to find profitable foreclosures, negotiate sales, and get a good cut from the sales. You don’t need to purchase the property when you use Calton’s strategy. 

The creator explained that banks and government institutions sell homes for amounts that are significantly higher than the amount that the mortgagor owes. And the bank or government institution is supposed to take out their fees and pay out the rest of the money to the mortgagor but in some cases, the money goes unclaimed for a long time. Thus, the mortgagor does not get the money. 

Foreclosure Academy teaches you how to claim the money and once the previous homeowner receives the money, you get your cut which is usually 30% to 40%. You will be helping the previous owner to claim a percentage of the money they would have otherwise lost. 

What Does the Foreclosure Academy Entail?

The program has 8 modules that take you from knowing nothing much about foreclosure to knowing how to make lots of money from the subject. You will also have access to a private Facebook group. The modules have been discussed below. 

Module 1

In this module, you will learn about the loophole that can help you secure funds for you and the previous homeowner. You will also know how to take advantage of that loophole. 

Module 2

You need clients to start your business. You may be wondering where to find all the people and this is where the academy’s lead generation lessons come in. They will teach you where to start looking for these clients and how to identify the right clients. According to them, there are lead generation secrets that are not widely used and they will share it with you. 

Module 3

Even after knowing where to find these clients, you may be wondering how to get in touch with them. The program will focus on teaching you how to do that in this module.

Module 4

What will you say to the potential clients when you get in touch? Obviously, whatever you say must be what they want to hear so that they would want to work with you. The Academy has scripts and they will train you on how to use them so that you can get on every call with confidence. 

Module 5

You need legal guidance for these business transactions. The academy will help you with contracts, agreements, and forms so that you don’t spend on them separately. 

Module 6

You don’t have to do everything by yourself, especially the mundane and time-consuming tasks. They will teach you how to properly outsource these tasks so that you can focus on the core of your business. 

Module 7

You don’t need to sit by the phone every day trying to get leads. The program will teach you to use a free auto dialer to help you deal with more leads daily. 

Module 8

You will also get access to resources to be the professional business person you want to be. You will get resources like a professional website for your business.

The Fast Track Program

People who do not have enough time to handle the lead generation, research, and legal paperwork, can sign up for the Fast Track Program. When you choose this program, you get access to all the resources offered in the Foreclosure Academy along with a trained Virtual Assistant. The VA will know how to assist you and can get to work immediately. 

What is the Cost of the Program?

The Foreclosure Academy program costs $497 for a lifetime but you can make three monthly payments of $197. There are no additional costs. The Fast Track Program comes at an additional cost of $350 per month.

Refund Policy

The Foreclosure course has a 30-day refund policy. They will refund the money without asking any questions. 

Should You Invest in Foreclosure Academy?

The idea of benefiting while helping a previous homeowner seems great but you may struggle to get paid even when you get your client. The program is such that, the homeowner is the one to pay your percentage. The staff of the program said the previous homeowners will be legally binding to send you your cut, but things can go wrong. 

Unfortunately, there are barely any positive reviews of the program except the ones they share in the company’s Facebook group. It’s obvious that people do make money from the program but it is not easy. It will be helpful if you are great at marketing and are ready to persevere until you secure your first client. Here are some reviews that may make you think twice about purchasing:

And this one:

The bottom line is, since there is a 30-day refund policy, the program would be worth purchasing if this type of work interests you. Just make sure you have carved out enough time to really work the course during those 30 days. Furthermore, I would recommend investing in the standard Foreclosure Academy and not the Fast Track Program in order to get the best bang for your buck.

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