Read Online Foreclosure Fortunes (Cash Flow Depot Books) Kindle
How to make a fortune with the upcoming wave of foreclosures. Discusses the economics and fundamentals of how various foreclosure auctions work and the mechanics of how to protect your cash investment. For the past year or so, especially in the wake of the 9/11 bombing, America has witnessed an combination of events that have brought about one of the greatest foreclosure markets in the past twenty five years. For almost the entire decade of the 80s and 90s, Americans at virtually all income levels have participated in an economic boom of unprecedented proportions. More people have had good jobs than ever before; many of them at the highest income levels in history.We have all been living in larger and more expensive homes, buying more luxurious cars, wearing more fashionable designer clothing, been able to indulge ourselves with more expensive hobbies and recreational activities. As we faced brighter economic futures fueled by lower costs of energy, taxes and interest, we had fewer qualms about taking on more debt. The result is that both consumer and commercial debt loads rose at unprecedented levels and kept on rising with each new purchase.Table of Contents:WHY FORECLOSURE SALE OPPORTUNITIES ARE ON THE RISEEASY FINANCING FOR MARGINAL CREDIT RISKSLOW RATES MAKE HIGHER PRICED HOUSES ACCESSIBLEWEAK BORROWERS GOT DOWN PAYMENT ASSISTANCERISING UNEMPLOYMENT HIT ALL INCOME LEVELSLENDERS ARE VOLUNTARILY WRITING DOWN LOANSJUNIOR LIEN LEAVE EQUITY ON THE TABLE AT SALESSOURCES OF FUNDING FOR BUY/SELL OPERATIONSTOO MUCH CASH + TOO FEW BORROWERS = LOW RETURNSTHOSE FLEEING THE STOCK MARKET WANT HIGHER YIELDSPENSION FUNDS AND IRAS NEED TO RECOVER LOSSESINVESTORS ARE TURNING TO REAL ESTATEFANTASTIC OPPORTUNITIES FOR REAL ESTATE OPERATORSPENSION PLANS AND IRA TRUSTS CAN PROVIDE LOANSLONG TERM INVESTORS AREN'T BEING LEFT BEHINDUPGRADES CAN ADD 20% TO NET WORTH PER YEARPREPARING FOR FORECLOSURE SALESPRE-SALE ACTIVITIESWORKING WITH TITLE COMPANIES TO CHECK OUT LIENSCHECKING OUT HOUSES AND ESTIMATING PROFITSPLAN YOUR WORK, THEN WORK YOUR PLANQUICK SALE STRATEGIES FOR "TURNING" HOUSESCREDIT APPROVAL IS THE KEY TO QUICK SALE PROFITS
