While at the beach last week, I carefully watched the news regarding the major lenders like CountryWide and Thornburg Mortgage. Since the change in liquidity for mortgages, there's an opportunity for savvy investors.
Everyone is talking about all the bargains to be found because of the rising number of foreclosures and the excess inventory. It's true that sellers are beginning to discount price and bargains are showing up. You can expect even larger discounts within the next 12 to 24 months. But today, I want to talk about another opportunity.
The new opportunity is on the backend when you sell the property. Since all the lenders are turning off the tap, it's time you step up and offer financing to qualified buyers. Wait there more...
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