Fannie Mae Could Lose Upwards of 22 Billion Dollars Dues to Foreclosures
Fannie Mae Could Lose Upwards of 22 Billion Dollars Due to Foreclosures
Gilchrist Berg, founder of $2 billion Jacksonville, Fla.-based hedge-fund firm Water Street Capital, said in a recent letter to investors that Fannie Mae could lose $22 billion to $29 billion if, as he expects, the housing bubble bursts and foreclosures increase.
Disaster in the works will translate into HUGE potential for the prepared investor. I am not implying that we should take advantage of people. I am simply stating the obvious. There will be alot of homes going into foreclosure. So get prepared and invest wisely. The "cycle" is here!!!!!
Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.
Gilchrist Berg, founder of $2 billion Jacksonville, Fla.-based hedge-fund firm Water Street Capital, said in a recent letter to investors that Fannie Mae could lose $22 billion to $29 billion if, as he expects, the housing bubble bursts and foreclosures increase.
Disaster in the works will translate into HUGE potential for the prepared investor. I am not implying that we should take advantage of people. I am simply stating the obvious. There will be alot of homes going into foreclosure. So get prepared and invest wisely. The "cycle" is here!!!!!
Visit House Foreclosure and Investing Blog to read Forclosure Experts discuss Foreclosure Investing and Strategies on a daily basis.
posted by Mr. Foreclosure at 2:46 AM
1 Comments:
Thank you. I hope that you know this. There are ways to stop foreclosure that the average person is not aware of and those are the same people that end up
walking away from their home, when there were other options available. The first step would be to talk with your lender to see if they are willing to help
you stop foreclosure, but after that, you need to enlist the help of a professional foreclosure prevention company.
stopping foreclosure florida
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