Foreclosures Top the 1 Million mark!
Some of you have asked in the past about "opportunities" with this foreclosure mess! I don't know anyone doing it but
http://money.cnn.com/ had a video presentation today of a builder and someone that I think was a landscaper, getting hired on by Banks to clean up the properties both inside and out for sale! They didn't talk about what they charge the banks, but one lady said she expected their revenue to go from $50,000 to $500,000 this year!
A jump that any CEO would be proud of!
PS. Home Equity loans are tightening up as well, next topic to cover. Let me know if you all have questions or topics you'd like to see covered: on Mortgages, Credit, Real Estate or the impact of Foreclosure and Bankruptcy on these areas as well.
Comments
There are seminars up here based on the 'opportunities' from foreclosures in the States as 'investment opportunities'. I went to a couple of them to hear what they were about, but I am not personally comfortable (from an ethical standpoint) taking advantage of someone who is unable to make their house payments. However, apparently, there are lots of people who have no qualms doing this whatsoever and they are making lots of money at it.
Sue Crutcher, Life Empowerment Mentor
Always love to hear your financial opinion on daily news.
making your skin more beautiful
John,
You always have great information. I'm learning a lot! Do you think that things will turn around after the next president is elected?
Sabrina Peterson
Personal Training and Weight Loss Plans
Builders and landscapers are profiting? Good on them. They're simply providing value to whoever needs their expertise in the current situation.
Yann
Yann Vernier - Personal Coach UK
NV, CO, and MN are looking better and better!
All the best,
April Braswell
Romance Coach, Online Dating Coach
I'm curious to know, as well, what you think will happen after the new president is in office. How do you think the market will go?
Jennifer Skinner
Wardrobe Planning Expert
doesn't really matter who is president, jenn. hey john, i think we double this number in another 18 months...you?
Motivational and Inspirational Speaker
Like Kevin, I think foreclosures are only going to rise, especially here in Southern California. Mortgage applications are down to their lowest levels since 2002, indicating that people are staying out of the market.
Steve Chambers
Sales Training Expert
Neither one of the idiots that is running for presidents are going to change anything. Especially the market. The future doesn't look so bright right now. But, yes, I have hope that it will get brighter! It always does!
Good info though! Thanks!
Aaron
Scott A Bell
Focus your Energy
Matthew Shields
Too many people buying houses that they can't afford and paying too much money can lead to problems... I am not so sure why anyone would believe that the Government would be a place to turn to for help. "I'm from the government and I'm here to help"? They are the least efficient people to get anything done.
Rob Northrup
Is Your Corporation Protecting You?
Just like to get the news.
Sheridan