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Allanzkie

The money has already been made in that marekt Now it is saturated with a lot of people trying to get what little is left It is VERY rare to score a no money down foreclosure property less than 1 in 1000 if youre lucky Actually, these people are selling their programs, that is where the money is now They made their money already and pulled out some time ago and now they are making money by selling these programs' to others.With these sub-prime mortgages falling through, the real estate marekt is going to tighten up in the next 12-18 months The mortgage terms we could get in the past 7-10 years will be no more . this 0 down mortgages will be harder to get banks have already begun changing and making it harder to get mortgages the low/no money down and/or bad-poor credit mortgage loans that is .To do a $0 down, you have to have EXACT circumstances to happen in order to do that, which rarely happens and also a lot of work on your part to accomplish that and to make it happen I have picked up a few of these books and have studied their methods and analyzed these systems It is possible but just that . possible but the odds are against you They are not out to teach you how to get rich they are out to sell you their books, tapes, DVD's and to take their training classes'.They are good at what they do, and that is being sales persons selling snake oil Lot of people are hurting for money in these economic down times and getting rich in real estate' seems like a dream, a possibility to a path back to when times were better but these people seling their systems are getting richer doing just that, selling false dreams to the masses, which their system does work but only in ideal conditions and in only an exact circumstance or situation must occur .You will have better opportunities in getting experience and/or an education in business and starting up your own company than buying into one of these systems, and like the lottery, hope you can hit the big kahuna in a lucky deal that chances are that will not happen . with the tanking real estate marekt ..Better get your own business and buy up the real estate when prices drop, with positive cash flow from your business than to overfinance real estate in a marekt that is very risky at this time . and loose your shirt when a downturn hits the area where therreal estate is located in.

Antonio

During the housing boom of the last few years, lenerds issued mortgages to many buyers who were stretching themselves financially to buy a home. To make it possible for the buyers to make the mortgage payments, the lenerds issued adjustable rate mortgages on which the interest rate and monthly payments are very low during the first few years, then increase in future years requiring higher monthly payments on the mortgage. Many speculators bought houses with such loans in the hope of selling them for a higher price.Now the housing market is in a slump, and a lot of the mortgages are hitting the time when monthly payments are increasing. Home buyers who cannot make the higher payments are having trouble selling their homes and many of the loans are going into default. That means that the banks that issued these mortgages now have to repossess the homes on which payments are not being made. Mortgages are in the news now because the number of defaults and repossessions is much higher than normal, lenerds are in financial difficulty getting study with houses that are not selling, and buyers are losing their homes because they cannot make the monthly payments.

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