Archive for June, 2009
Surging Unemployment + Skyrocketing Foreclosures = Opportunity
I’ve been sounding the drumbeat of real estate opportunity for some time now, and Thursday’s report by the Labor Department that the unemployment rate has surged to 9.4% further reinforces my point. The reason? The home foreclosure rate is closely tied to the unemployment rate. If people aren’t working, their incomes drop dramatically, and they are unable to meet all of their expenses. If you chart unemployment and foreclosure data, they come very close to mirroring each other.
This means that – in many cases – mortgage payments go unpaid.
Homeowners not already on the ropes financially and facing impending foreclosure are looking for viable solutions to prevent themselves from getting to that point. Others, already facing foreclosure due to other financial considerations, the credit crisis, or personal problems, need fast solutions before they’re hit with lasting credit damage or the loss of their home.
Motivated sellers are everywhere you look. Their pain is real, the opportunity is increasing, and the time for you to act is NOW. If you’ve been sitting on the sidelines waiting for a buying signal, this is it.
Regardless of whether you have cash in the bank for investing, have traditional or hard money lending sources lined up, or have secured private money, there are more opportunities to profit today than ever before.
Don’t know where to start? Check out my free resources – more than 140 of them – at http://www.reiconferences.com/resources_rei.htm.
Seize this moment and change your life for the better – and make a real difference in somebody else’s life by helping them out of a real jam.
There aren’t too many ways of helping somebody else while securing your own future. This is one of them, but only if you act now!
Blessings!
Charrissa Cawley
