It is fairly obvious President-elect Barack Obama is reaping what he has been sowing since his run for the senate in the State of Illinois. However, President Barack Obama will face a storm of economic woes that mirrors the harsh times of the great depression era. Financial institutions across the country are going bankrupt at record numbers, causing a vacuum that impedes the flow of monies into main street America. With a collapsed financial system, such that we are experiencing today, the average family or small business owner become dead in the water. Due to increased company layoffs, roller coaster oil prices and tightening credit crunch, the amount of money usually available evaporates quickly. As a consequence mortgage notes and credit card payments are showing an increase in defaults. Foreclosures are on the rise at historic numbers as our cities struggle to cope with this slumping economy. From the war zone areas in larger cities, to the leafy upper-middle class areas of the more desirable homes, foreclosure signs are seen everywhere. In my own home state, Connecticut has been hit with record number of foreclosed properties. Foreclosure rates are up 25 percent year-over-year nationally.
There is hope however for main street America and great opportunity for real estate investors too. There is a saying that "When there is blood in the streets, buy everything." This could not be more true than what we are experiencing right now. The time is NOW to BUY, any and every piece of property that enters the market place. A great source for finding these investments would be he motivated sellers with up-side down mortgages and from the banks that have large pools of defaulted loans. Do you want to thrive in 2009 instead of getting crushed like so many others? Real estate investors need to know that the new changes in the laws, government policies, and economy are creating the biggest opportunity for huge profits to be made. The 2008 election and the present economy are making history for real estate investing. Today we are witnessing the greatest transfer of wealth the country has ever seen. Money is flowing from the helpless masses toward the courageous few who understand how to profit from these once in a life time events.
We have a constant volume of distressed properties for sell in CT. and nationwide. Go to the website below and fill in the buyers/investor form with a description or comment on the preferred property. If you are desperately trying to sell a home or investment property, regardless of your situation, we can find a solution to your problem and make a solid offer on your property. Just go to the website below to fill out the seller form.
Benton Associates
bntngrg@yahoo.com
http://www.webrealestatebuyers.com/
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Tuesday, November 25, 2008
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