Foreclosure & Short Sale Investing
Foreclosures are hitting record levels and more are forecasted over the next year. Lenders see the writing on the wall as they face astronomical losses on loans gone bad. As a result, lenders have begun to “short sale” loans – a process whereby they cut their loss and accept a payoff that is less than what is owed them by the borrower.
A lender’s willingness to take a loss, consummate a short sale and forego an expensive foreclosure is about to soar. The reason is simple – the huge volume of loans falling into default. And a lender’s worst nightmare is owning all these foreclosed homes.
In the coming months lenders will be more aggressive and willing to move property fast! The prices they’ll “accept” will be considerably lower than what we now see in our already soft real estate market. Buyers and investors that purchase real estate over the coming months will be the ones who gain and gain big.
Adding to this buying opportunity is the fact that the demand for rental property has been rising over the past year, with rents up about 5%. This is just the beginning of the surging demand for rentals. The increase in foreclosures and the tighter lending guidelines are paving the way for the strongest rental market in years.
Those who begin to purchase real estate today when it is radically on sale, place a renter in that property and hold it for 5 years or more could make a fortune!
Where does one find these great deals? How can you take advantage of these incredible buying opportunities as they become available?
Learn more at www.XtremeInvestors.com!
