Seven To Ten

The real estate market is in one of its biggest crisis and statistics shows an astronomical increase in foreclosures in America. This problem is expected to last for another two years or at least till the end of 2008. Is it still possible to make money in such a down market? if you visit Reorenegades.com, the answer is a resounding yes.

The site recently released their REO Home Study Course which provides you with the basic knowledge of How to Do REO Bank Owned Properties. Some of the topics covered include top strategies by successful brokers, and pitfalls which you should avoid.

You also learn to develop good relationships with banks who have foreclosed properties. They may let you resell these homes since such assets are not desirable on a bank’s books. For new brokers, you are encouraged to join their REO Agent Training (lowered price from $997 to $497) where more strategies would be revealed. With all these information available, I think visiting the site is a must.

My friend has told me she wants to work to reduce my burden and she is interested in real estate. She has no selling experience and the market is so bad and there are so many real estate agents fighting for the same pie. But I admire her spirit and told her to check out this site. If you are tired of your routine job, learn power selling of REO bank owned properties today and earn great commissions.

To rescue the economy and encourage consumer spending, the US government is printing more money and increasing federal debt. But the shadow of recession continues to loom large.

Monthly mortgage payments are rising as home values plunge. This double whammy has caused some homeowners to simply abandon their homes and their loans, rather than throw good money after bad.

New tax laws introduced last year have allowed home buyers to walk away from mortgage obligations without a tax consequence. Last time, if bank forgive the shortfall when the house is foreclosed, it is considered as income and hence taxable.

Is it alright for troubled homeowners to walk away when they can no longer afford their homes? I think if you choose to walk away, you have to accept that you’ll pay more for car loans, credit cards and mortgages in the future. At least for a while. I am worried that the hard lessons of greed are not learned if the exit strategy is so easy.

What do you guys think?

A new form of marketing has been tailored for the mass of unsold home inventories and foreclosures. A Foreclosure Bus Tour….

It is a six-hour trip to showcase homes to buyers in Orlando and educate them on the vagaries of snatching foreclosures in a state where residential real estate has stagnated over the past two years.

The foreclosure bus tours are good value for visitors. A cost of $45 per person or $65 per couple covered the tour, house information, teaching sessions, a continental breakfast and lunch at Applebee’s. A mortgage broker, attorney, home inspector and agent are on hand to advise; for newbies, you get a feel of the team you need to set up for your first foray into real estate.

Real estate agents have also organized foreclosure bus tours in California, where the idea seems to have originated, and cities such as Phoenix, Detroit, Kansas City and Jacksonville.