Atlanta Real Estate Blog

February 20th, 2008 5:49 PM
 

Buyers

 The Greatest Opportunities For

Bargain Properties Are Here Now

Will You Be Prepared To Buy When

the Subprime Tsunami hits?

                               

As you can see from the "Monthly ARM Reset Schedule" graph, many sellers have already been affected by Adjustable Rate Mortgage loan resets (to higher mortgage payments, foreclosures, and short sales).  These sellers will lose their homes to foreclosure unless we can find buyers to buy these properties.

  • Over 2 million properties are affected by the subprime adjustment. 

  • No political solutions are currently available to help these sellers.  Our politicians are expecting the free market to work this out. 

  • Lenders also have no solutions to help these sellers.  Estimates of the dollar volume of the writeoffs of these subprime loans is $200-$300 Billion.

  • This crisis will continue for at least 18 months based on the chart above.

The best time to catch these properties and save the seller and profit as the buyer is in pre-foreclosure (they are about to or have already missed a mortgage payment).  For almost all of these sellers, refinancing their mortgage is NOT AN OPTION.

We use a technique called the short sale or short payoff to help the seller get out of the property quickly while creating minimal impact on their credit.  This approach also produces the best value for the buyer.  Sellers who choose to:

  • walk away from their properties, or

  • give the deed to the property to the lender (deed in lieu of foreclosure), or

  • let the property go to foreclosure on the Court House steps,

are committing financial suicide that will linger on their credit for 7 years.

This crisis creates OPPORTUNITIES for you, the prepared buyer.  These sellers must sell and they have little time to do it.  You can help them and help yourself at the same time. 

 

Buyers Who Want A Deal

If you would like to know more about how we help buyers find and buy these bargain properties, call our team at 404-384-2274, or click:

                        Help Me Find A Bargain

 

 

Sellers Who Are In Trouble

If you're a seller caught up in the pre-foreclosure process, call our team at 404-384-2274 to see how we can help you escape, or click:

                     Avoid or Stop Foreclosure

 

Tags: Subprime Tsunami, Mortgage Meltdown, Avoid Foreclosure, Preforeclosure, S & P Case-Schiller Home Price Index Report, bargain properties, refinancing mortgages, Monthly ARM Reset Schedule, adjustable rate mortgages, short sale, short payoff


Posted by Lee Marlin on February 20th, 2008 5:49 PMPost a Comment (0)

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