Archive for February, 2010

I just read an article (yes another one!) to support predictable real estate and the PRIME OPPORTUNITY in short sales.  There is and will be a growing issue with Commercial Real Estate and defaults.  It is predicted and it is expected.  The cycle of real estate is reliable. Each sector follows each other.  We have seen (and continue to see) the correction with the residential market and as it turns toward recovery (projected 0ut another 3 years) so does the turn for the Commercial Real Estate.  What does that mean to you and I?  Well it depends.  If you prepare and plan for it, it could mean MAJOR OPPORTUNITY for short sales, and the ability to use this previous market (the one we are in now) to support our level of experience in dealing with a market such as this.  Winning over CASH SUPPORTERS to invest with (a.k.a. investor partners) will be a key component to the game.  Build it and they will come.

http://realtytimes.com/rtpages/20100225_losses.htm

Keep it Short,

Mike Knows

Ok, so not really if you have been following the market.  But the report I have attached shares more of the same for the trend in foreclosures…..the are going up and values are still going down!  And, there is no stop in it.  Three main factors serves this as Truth:

1. Bank inventory is being released to the tune of 7 million homes this year to resell

2. Unemployment and 5 Year ARM’s will add to more foreclosures

3. The government programs “attempts” with their programs have proven to help little to none.

In summary, Short Sale the debt to force the accurate value and move the inventory is the goal.  Nothing more than basic supply, demand, and true values.

http://www.dsnews.com/articles/underwater-mortgages-increase-to-113m-first-american-2010-02-23

We buy short sales, we train how to work with us on short sales, and we benefit the entire benefactors of the system.

Keep it short,

Mike Knows

MikeO@LMSGnow.com

Here is a simple way to evaluate if you are ready to make this year YOUR YEAR.

1.  Do you think this is one of the greatest times to be in real estate?

2. Do you think that the government has done a lousy job of trying to handle this mortgage mess?

3. Do you think that real estate professionals have the best opportunity to correct this mortgage mess?

4. Are you willing to invest in the time and energy to make this YOUR YEAR for real estate?

5.  Are you willing to work with someone whom have been doing this for the last 7 years?

Make 2010 your year!  NOW!

Keep it short,

Mike Knows