It irks me that foreclosure investors are often overlooked.  Every newspaper in the U.S and every TV station is bombarding us with the news that mortgage foreclosures have reached an all time high and that the end is near.  The Mortgage Bankers Association said that the percentage of homes that entered foreclosure in the third quarter of 2007 also hit a record at 0.78%.  That means the almost 8 out of every 100 households in this country are in foreclosure.  That is staggering.  Even more unbelievable is the fact that sub prime loans account for 43% of all new foreclosures, even though they comprise just 6.8% of all loans outstanding. How did this come about? Good old American greed combined with good old American stupidity.

What this all means is that there is a huge opportunity for foreclosure investors right now and if my suspicions pan out the opportunity will become even greater in 2008.  The government is beginning to realize that this problem is far bigger than they anticipated and they are beginning to take some actions.  The big questions are is it too little too late and will it even work.

If the programs that are developed are like most government mandated programs they will become bogged down in paperwork and bureaucracy.  The average person in foreclosure will get confused and discouraged and have a terrible time benefiting from these new programs.  Perhaps they may be streamlined and efficient but I tend to doubt it.

Who is going to clean up the mess that the sub-prime lenders have left behind?  Is it going to be the government?  No, it is going to be the active foreclosure real estate investors. Every active foreclosure investor must begin to plan ahead for this flood of new business. You will need to plan ahead to line up financing sources and especially exit strategies to dispose of your property.  Expert advice and guidance will become more necessary than ever before. 

If you want to learn more about how you can benefit from this future bonanza subscribe to my Newsletter now.  

Yours in success,

Dick Weiss