About Real Estate Foreclosures

Foreclosures are an opportunity where profits can be made from buying and selling properties that have fallen into non-payment status and are sky high. Unemployment rates are the highest in 5 years. Foreclosures are past historic levels and climbing. The American middle class is tapped out and so indebted that they cannot breathe.

Foreclosures are out of control as is the lending industry in general ? can you say 50-year mortgage? You cannot go forward by taking steps backward. They are not the only variable. As prices drop and affordability improves that simply creates churn from bad loads to good loans. Good deals are everywhere, people are jobless or worry that they too may soon become jobless or take homeless money. America has real problems and oh?.I forgot? the gays can?t marry and they are so offended that Obama, whom they voted for, has invited Rick Warren to his inauguration.

Foreclosures are certainly in the news these days. Just about everyone is either looking for foreclosure listings or a way to avoid foreclosure.

Homeowners who are out of work have little chance of having their mortgages modified. That puts many homeowners on a collision course with banks that are preparing to take a more aggressive stance. Homeowners are becoming desperate for the moratoriums to become enacted while banks continue to talk with the state.

Foreclosures are rising, inflation is rising, oil is rising, gold is rising, lay-offs are rising, jobs are decreasing, the dollar value is decreasing, home values are decreasing and the S&P sees a bottom. We haven?t even seen the damage from the defaults the credit card companies are going to have. Foreclosures are much faster with a Deed of Trust than with a Mortgage. Foreclosures are a total loss. Thousands and thousands of homes vacant and unkept with no one to buy at the balance amount remaining as middle class buyers suffer with unemployment and bad credit.

From The Desk Of Paul B. of Discount Properties of Arizona

Source: http://www.a1article.net/real-estate/about-real-estate-foreclosures-6665.html

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