subprime loans: Foreclosures in Virginia! The FEVER is back! But is it real?
- 11/10/07 07:08 AM
The FEVER was lost for two years, but it's BACK!My Virginia Real Estate blog showcases the trends before you ever knew they existed. This is a new trend, and it is on fuego. Problem is, is it real?The message is slightly different, but the bottom line is still there: Buy Foreclosures, Flip and Get Rich!In the past it was Buy New Construction, Wait a Month, Flip and Get Rich. (see my post on Taxi Drivers pooling their money during the top of the housing bubble) This technique is also known as the greater fool theory. If you can buy it low, … (11 comments)
subprime loans: Avoid Subprime Loans! Just Don't Buy!
- 06/07/07 08:21 AM
A subprime loan is a loan given to people with low credit scores. Those loans are either:1) At a much higher interest rate, or2) With closing costs and/or points through the roof. Either way it is highway robbery! I've debated before about the close call of buying vs renting and even steered many people toward renting by dispelling the myths of "making your landlord rich" and the "tax savings" etc. See Don't Buy Ask Why blog.In today's market, even after the declining prices, renting is still cheaper, even after all the tax "breaks."(and those of you who want to use technicalities and … (24 comments)
Related Links:
FRANK LL0SA Esq.- Northern Virginia Broker .:. FranklyRealty.com
The FEVER was lost for two years, but it's BACK!My Virginia Real Estate blog showcases the trends before you ever knew they existed. This is a new trend, and it is on fuego. Problem is, is it real?The message is slightly different, but the bottom line is still there: Buy Foreclosures, Flip and Get Rich!In the past it was Buy New Construction, Wait a Month, Flip and Get Rich. (see my post on Taxi Drivers pooling their money during the top of the housing bubble) This technique is also known as the greater fool theory. If you can buy it low, … (11 comments)
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