Tuesday, June 19, 2012

Truth about real estate foreclosures

Today Mortgage Rates - Truth about real estate foreclosures.
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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Today Mortgage Rates . See how the banks are manipulating the foreclosure market. You can use this information to buy foreclosures by timing your purchase. December 8, 2008 Look at my video ' Real Estate market bottom' to see how to tell the bottom. See also video "make more money on sale of house " It is now apparent that there is a detailed plan to take money away from investors by conning them to buy foreclosures, and have the entire market deflate. Go to www.financialsense.com You will notice this is a 2005 article. May 23, 2008. The existing home sales came out today with an average loss of 00 per month for the median US Home price over the last year. Most people have no conception how this is impacting their lives. If you had 0000 in equity last year, you just lost 7% of your equity. In California, it was probably more. If you had sold your house last year and moved into a rental, you would have zero cost for living in the rental. If you had moved into 2 specific real estate purchases, you could have increased your capital and retained your mortgage deduction. You would actually be further ahead. Losses in home equity will accelerate for the next year. If you become underwater in your present equity, you could be stuck in your present property for many years or have to come up with substantial separation money to preserve your credit rating. The foreclosure bailout proposed by the congress is just window dressing in order to forestall a panic. What is going to happen is that this ...
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