Across North America and the world, the market correction has caused the biggest increase in Foreclosures in Real Estate History, but is there any way for us, as Investors, to profit?
Here’s an example of what we’re dealing with- The Associated Press had this to say:
“The rate of Homeowners who are more than 90 days behind on their payments in 2006 has increased 64% from 2005, according to an analysis of data collected by RealeSTAT, a commercial firm that gathers foreclosure and default records.
“Experts say the worst is yet to come.
“We know the whale is coming, we just don’t know how big the whale is,” said Mike Flagg, a spokesman for the Center for Responsible Lending, a Washington nonprofit that tracks lending practices.”
But can we save these homes and their owners from Foreclosure and still be profitable? The short answer… yes, we can.
Check out all the details here: