I saw an interesting interview on a major news network the other night that really illustrates the extent of the current credit mess that we find ourselves in the middle of.  The Federal government – with the blessing of the U.S. Congress – is poised to prop up Fannie Mae and Freddie Mac – with a huge infusion of government cash subsidized by the American taxpayer.

The government knows these two lenders service or guarantee half of all home mortgages, and if they go down, the impact on the economy could be huge, disastrous, and long-lasting.  It would make the Savings & Loan scandal of the 1980s look like child’s play.

The government’s master plan has just one major flaw:  According to this renowned legal eagle, it’s illegal for the government to bail out specific private entities while leaving others to sink or swim on their own.  While politicians and lawyers wrestle with vague concepts they can’t even begin to wrap their heads around, millions of homeowners are hurting and begging for solutions today, not months or years from now.

As usual, while the government moves at a snail’s pace to fix a problem they themselves contributed to by looking the other way while sub-prime lenders played “gotcha games” with loan applicants with checkered credit histories, real estate investors like you and me are rolling up our sleeves and quietly going to work.

If a homeowner can’t afford to keep their home, they’re looking for a way out.  They don’t care who helps them or how that help comes.  They’re dying for relief from a housing crunch that is slowly choking the life out of their economic futures.  This is great news for you as an investor!  Do your part to help homeowners by relieving them of properties they can no longer afford to keep.  They’re crying out for help.  While you help them, you’ll be helping communities, and making a real difference for your future.  Now that’s what I call a win-win-win transaction!

So what are you waiting for?  Get to work!  Your country needs you!

Share This