The Housing Predictor came out with an article claiming that stronger measures will be needed to prevent millions of homes from going into foreclosure.
The approach recommended is something similar to the New Deal approach FDR took during the Great Depression.
Are we at that point yet? Maybe not, but we're definitely getting there. Recent Obama initiatives may place a hold on foreclosures until banks have proven that they have assisted homeowners via the current programs available.
With 5 million homes foreclosed on already and another 15 million at risk of foreclosure, something has to happen. Banks are taking a wait and see approach since they don't know what Obama will do.
Home sellers and real estate investors can work together on loan mods and other creative ways to sell homes quickly should that be what the home owner wishes to do.
Dennis
Wholesaling
REI A-Z
Bird Dogging
Rehabbing
Tax Lien Investing
Deal Funding
Loan Modification
The approach recommended is something similar to the New Deal approach FDR took during the Great Depression.
Are we at that point yet? Maybe not, but we're definitely getting there. Recent Obama initiatives may place a hold on foreclosures until banks have proven that they have assisted homeowners via the current programs available.
With 5 million homes foreclosed on already and another 15 million at risk of foreclosure, something has to happen. Banks are taking a wait and see approach since they don't know what Obama will do.
Home sellers and real estate investors can work together on loan mods and other creative ways to sell homes quickly should that be what the home owner wishes to do.
Dennis
Wholesaling
REI A-Z
Bird Dogging
Rehabbing
Tax Lien Investing
Deal Funding
Loan Modification
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