OfflineThe Kansas City Federal Reserve president announced on 4/28/2009 that they predict a second wave of foreclosures to begin in mid 2009 and continue through early 2011. His comment was the first wave was primarily the result of sub-prime lending but the coming foreclosures would be the result of ARMs interest rate adjustments that would make payments unmanagable for many middle class borrowers.
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WOOO-HOOO!!!
Now lets all go out and Capitalize on these Opportunities and help some strugging individuals out!!!
Chip & Andrea Weule
AC Investment Group, Inc.
I hope all DG members are getting those REO deals. It is great to know that the REOs that end up back in the market and lived in can improve all the communities involved and be a win-win situation. Good luck on all your deals. Believe and Achieve!
An economist for the National Assoc. of Realtors (NAR) is filmed here identifying a few points of interest. Among many things he says within 2-3 years our historic market will be back to normal.
Here’s a link to the video: http://link.brightcove.com/services/player/bcpid36344168001?bctid=363626...