Yes you are hearing it right, an estimated 25 million homes in foreclosure by 2009. You want to be on board to help these homeowners out by being there to save their house from going to sale and damaging their credit totally.
Learning the process of locating, controlling, negotiating, and selling these homes will help Americans across the country and not to mention the economy. Watch this video and see what CNBC is saying about the nation and the economic halt. Click to See The Video Now
Have a fantastic day,
Hunter
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It seems like with all this bailout talk and this new Florida Foreclosure Fraud Act that short sales are getting less and less attractive. I see bank REO listings for much cheaper than the short sale deals. Granted we are working both short sales and REOs and getting closings on both. Do you have any thoughts on this?
We are in a changing market for sure. It is a buyer’s market and the deals are out there. The short sale market for us is great, you might see the cookie cutter homes going cheap as REO’s but the larger homes are exciting. I know the banks do not want those big Million dollar homes back at all. So it depends on who is shopping and what you are shopping for. Who is making the offers to the banks and who is negotiating the files.
I personally have been doing it for ten plus years now. I like the thought of cash flow and I mean large chunks of cash flow. Remember someone has to help the high end market homeowners because they have the same challenges in life as the lower end clientele.
We just bought and sold a $1.1million house for $626,000 and sold it for $745,000 net to make a little cash flow for the end of the year slow down. That deal closed on November 7th. I know a realtor would have loved to be in the middle of that transaction for the commission. I can tell you how to get there it is easy and I love realtors because they help us find and sell these houses, as you personally know it is a little work but a lot of reword.
I was out of town the two weeks prior to that at our home in NC and to come home to that closing was awesome. The banks work better on both sides of those transactions because you are dealing with a different mindset. They all won't to get the deal closed and the buyers have more buying power. Check us out you can see some of our trip by Clicking Here
Have a Fantastic Day
Hunter