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XNET Real Estate Directory
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No question, foreclosures are at a record number right now. After a period of aggressive lending, more and more people are finding it impossible to meet their mortgage repayments. The banks and other lenders, in turn, are foreclosing on more and more properties.
Given the crash in property prices across the nation... this means huge opportunities for the savvy real estate investor. So in this article I'll outline the main ways you can make money from foreclosures.
Okay, so what is a ...
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The Infotainment Highway has presented the Foreclosure Prevention Act as a program designed to rescue the ailing homeowner in foreclosure. This is what really happened:
The Foreclosure Prevention Act is full of tax breaks, that is for the bankers/lenders, builders, automakers, (and the airlines).
In the beginning, the mortgage companies/lenders promoted adjustable rate mortgages to the most vulnerable home buying candidates. The strategy was the bank/lender was taking little or no risk, ...
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A part of my plans for 2008 was to start a foreclosure consulting business to serve homeowners going into foreclosure. I've worked in the industry for a number of years and thought that since so many people are facing losing their home, now would be a good time to launch the business.
I set up my office, purchased a list of all of the pending foreclosures in my area and began calling them. Most of the people I talked to were on the defensive; but some were nice enough to talk to me about ...
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