Foreclosures are the best opportunity in real estate. Here?s why.
Today?s rotten economy means that the economy is going through tough times, and many people are losing their jobs. Without that income, even the most financially responsible people simply can't afford to make payments on their mortgage
Another factor is the availability of low interest rates, and the sudden ease of loan qualification. People today can easily qualify for loans that are actually well out of what they really afford. This leads to missed payments and the lending company foreclosing on their homes.
Currently, there are about 400,000 homes in the United States that are in foreclosure. While this means that the economy is weak, it is an opportunity for savvy investors like you. Even if you never bought or sold a home in your life.
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