By Joanne Musa and Carl Williams
It's no secret that we are in a slumping economy. All you have to do is read the headlines. For the average person without many other options outside of their current job, these times can be difficult. According to an article in Bloomburg.com on March 13, home defaults and foreclosures rose 60% nationwide in February of this year. Leading in foreclosures were Nevada, California and Florida, and February was the 26th consecutive month of foreclosure increases. Recently in my own local paper there was an article about the increased number of animals for adoption due do families being forced from their homes by foreclosure.
Yet there are a select few people who have chosen to take advantage of the fact that lenders are working directly with investors like you and I by accepting huge discounts on active mortgages just so the property does not have to go into foreclosure. You can actually help people that are loosing their homes to foreclosure by negotiating with the bank. In this way you can help homeowners that can’t afford to stay in their home avoid foreclosure and possibly save their credit, thus making it easier for them to get into another home or rental that they can better afford. That means that you can find a property today with no equity, negotiate a lower payoff, and literally turn a profit overnight just by understanding how to do a short sale. What this means for you is that there is no better time for you to start doing short sales than now. When home prices were continuing to rise, banks did not want to deal with investors. They would just list foreclosed properties with a realtor and most likely make all their money back and then some. But now the tables have turned. They are not likely to sell foreclosed properties and break even, much less make a profit. So they are willing to make deals, and they have a large inventory of properties that are in default.
So how do you do it? How do you find these deals and negotiate short sales with the bank? I’ve found an excellent and affordable course that explains the whole process. You can find out all about it at http://www.shortsaledeals.com/cmd.php?af=751335
It not enough to just have a desire to become a real estate investor, you need to find a niche based on the current market conditions. And this is the PRIME OPPORTUNITY to do short sales.
A few years ago the amount of U.S. foreclosures were nowhere near what they are today. A vast majority of homeowners owned a great home with growing equity. Not to mention a mortgage payment that was comfortable. Homeowners and investors alike were able to enjoy the fruits from a thriving real estate market.
Fast-forward to 2008 and the tables have turned. Mortgage payments have ballooned, interest rates have skyrocketed, and that thriving real estate market has literally disappeared overnight, unless you are looking at the market through the eyes of a well-trained short sale investor. Do yourself a favour and take this opportunity to learnstep-by-step how you can locate and close your first short sale in less than 45 days.Even if you decide that short sales are not for you the fact that you have a no questions asked money back guarantee makes it totally risk free. Don't miss out! Go to – http://www.shortsaledeals.com/cmd.php?af=751335
Happy and Prosperous Investing,