You know there is a lot of trouble in the economy right now, much of it centered on homes in foreclosure. Help homeowners out by becoming a short sale investor. You can actually do your part in turning the economy around and develop a strong investment portfolio on your own when you provide foreclosure help.
Foreclosure help starts with understanding the short sale process.
Historically, homeowners got in trouble when their economic circumstances changed dramatically. For instance, when a man got laid off his job, the family could no longer afford the mortgage payment and the house would go into foreclosure. Other times, extraordinary medical bills would take up so much of the family budget that they could no longer afford the home. These circumstances were limited in scope and there was not much need for foreclosure help.
But, during the first years of the 21st century, something dramatic changed in the mortgage lending industry. Home prices were rising so dramatically that mortgage lenders were willing to take risks in writing loans. They developed instruments such as stated income (liar) loans, adjustable (teaser) rate loans, and interest only loans. The...
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