Foreclosure Haven't Hit Rock Bottom Yet! You've been warned

If you've watched and read my blog over the past few years, you would've seen that I called this mess a long time ago.

I know and predicted that Fannie Mae and Freddie Mac will be hit hard.
I called the booming market being a false bubble.
And I predicted the huge foreclosure increase.
And they all came true... Unfortunately.

Now what?
The mess is a crisis and is not behind us by any stretch.
It will in fact get worse before getting better.
All depending on what the market perceives the bailout to be - Helpful or Harmful.

I believe the bailout will pass this week.
I also believe that the financial markets will survive this mess, albeit, hurt real bad.

What to do?
Look for deals in high density residential areas.
Be sure to see it on the zillow.com heat map.
Make sure you're buying from a REO department of a bank.
Make sure to offer them at least 20% below lowest home prices in the area.

This is the recipe for success.
When to buy?
I would start looking for some awesome deals now and to continue to the first quarter of next year (2009)

Keep reading my blog for more insight to what's coming to the economy after the elections.







Visit Home Foreclosure Investing Blog to read Experts discuss Investing Strategies and tips guanateed to improve ones forclosure buying skills.

John Beck Free and Clear Program Review

John Beck Free and Clear Real Estate Tax Investment Review

I've been watching lots of late night and early Sunday commercials for John Beck's Free & Clear program and I wanted to review it and see of its truly what they claim it to be.

So I went ahead and ordered it. Spend about 2 days reviewing the material and I gotta' say, its pretty comprehensive.

There are pluses and minuses to this program.
For example. You won't be able to get a house in a highly populated or desired area. Those homes will be sold in the Real Estate market in a heart beat.

Secondly, if there are lenders on the house, they'll easily bring the back taxes current because a bank will not lose their loan over a small $248 tax default. Yes, accidents do happen and banks do mess up. But mess up is not a business model I am looking for.

I look for duplicable business models where I can consistently find tax dafaulted homes and buy them for pennies on the dollar.

Having said all of that, yes it is entirely possible to make money with this system. And you'll find properties in the process where the seller or the bank won't let it go to tax sale, but they'll gladly sell it to you for favorable terms.

The Free & Clear Real Estate System is fairly cheap at $39.95 and he enrolls you in the monthly newsletter where he'll bill your credit card for $39.95 if you chose to continue. I canceled because I didn't need the monthly updates. But I found the information in the first copy very well put together and useful.

A very cheap way of buying and owning homes!!!!
Go for it. You can pick up a copy from this link here
http://tinyurl.com/4r3sbr

Ed



Visit Home Foreclosure Investing Blog to read Experts discuss Investing Strategies and tips guanateed to improve ones forclosure buying skills.