Will the Market get better in 2009? Don't hold your breath. Click on the link to read the article and find out.
Banks are smarter than we think, they found a way to get even more money out of overleveraged borrowers by attempting to do work-out programs and loan modifications. They realized that if all of the upside down borrowers bailed at one time they would be in even more trouble so they found a way to distract borrowers from the reality and talked them into paying more INTEREST on their overleveraged depreciating assets.
THE END RESULT PROLONGING THE INEVITABLY, FORECLOSURE. Take a look at the graphs below courtesy of the US Dept. of Treasury. It clearly shows that loan modifications are not working and just dragging out this downward market.
So be sure to thank your local banker for making our SHORT SALE INVESTMENT OPPORTUNITY EVEN BIGGER!
See you in Vegas Feb. 19th & 20th at our Short Sale Certification Workshop
