Profit from the continuing meltdown in the mortgage market!

By
Real Estate Agent with RE/MAX Real Estate Concepts
If you haven't been listening to the financial news here's the story: Sub prime and conventional lenders are taking huge hits in the financial markets. They have lost billions of dollars in market capital in the last few weeks. New Century Financial for example, was a market high flyer with a share price in the $50's a few months back, yesterday it was delisted from the NYSE and is facing bankruptcy.(http://www.ncen.com/) Novastar Financial, Washington Mutual, Impac Mortgage, GMAC, GE Captial, Countrywide, Option One, Citi Financial, Ameriquest and many other are facing crisis as loans are defaulting at record rates, more funds cannot be borrowed, stock prices are collapsing and home sales are slowing. How can you profit? Foreclosed homes or REOs. In the past the big companies could sit on foreclosures and get the highest value possible. They didn't need the funds back so fast because they were making new loans and servicing their portfolios. Now they need the money from those sales more than ever before. Buyers should expect bank owned homes to be sold at very competitive prices, or find that they are often able to negotiate better pricing easier than they could in the past.
Posted by

   

Contact Matt Grohe Realtor® RE/MAX Real Estate Concepts - 3125 Douglas Ave #205 Douglas Ave. Des Moines, IA , or call 515-988-3726 to list your property for sale or to purchase a property in Des Moines, West Des Moines, Windsor Heights, Clive, Johnston, Urbandale, Ankeny, Waukee, Norwalk, Carlisle or surrounding areas.

Online at: http://www.MyIowaHome.com

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At

Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the sunglasses to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
238,540

Matt Grohe

RE/MAX Des Moines
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the clock to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information