SACRAMENTO- Housing markets are H-O-T! Despite soaring numbers of foreclosures and
in many areas dropping home prices, now is the time to buy real estate.
That's right. Interest rates are at near record lows, buyers have lots of choices
because inventory is abundant, and most importantly -- the price is right! "Who
doesn't like to buy quality product at 30, 40, 50 percent and more off retail prices?,"
says Alexis McGee, president and co-founder of ForeclosureS.com, the California-based
real estate publisher that's been analyzing and publishing real estate and foreclosure
data for more than 20 years.
"The real estate sale is on," adds McGee, "I'm not advocating rampant
speculation or stealing a property out from under a homeowner on hard times. What
I am suggesting is that now is a great time to invest in real estate -- either as
your residence or as an investment. Home prices will rebound -- if they haven't
already -- in your area, so it's the buy low, sell high and/or buy low/hold and
prosper theory," adds McGee, author of The ForeclosureS.com Guide to Investing
in Pre-foreclosures Without Selling Your Soul (Wiley 2007) and The ForeclosureS.com
Guide to Advanced Investing Techniques You Won't Learn Anywhere Else (Wiley, Spring
2008).
"Don't be scared off by the gloom and doom talk swirling around housing markets
either. It's a S-A-L-E. Plus, the news isn't all bad, either. Interest rates continue
at record lows. Not all housing markets are depressed. The most recent LoanPerformance
HPI (tm) that tracks home price trends, showed 31 states with gains over the past
12 months.
"There are brighter spots in some economic numbers, too. Unemployment is below
5 percent; foreign orders for durable goods show persistent strength, worker productivity
continues to climb and exceeded forecasts in the fourth quarter as companies held
down labor costs. The latter is a sign that inflation pressures may recede.
"Housing starts are down, too," adds McGee. "But that's a good sign
in part because that means, unlike previous downturns, builders today are compensating
for slower markets with slower construction until supply and demand stabilize.
There's even more news to celebrate. The stimulus package that was just passed by
the Senate is a huge BOON to homebuyers and refinancers who can take advantage of
bill's increased mortgage market provisions. That portion of the bill will give
more of a long-term financial boost to the economy than the tax rebates of $600
directed to individuals, $300 to children and $1,200 to couples.
The stimulus package included a provision that will raise the conforming loan limit
to allow Fannie and Freddie to purchase or guarantee many jumbo mortgages originated
between July 1, 2007, and Dec. 31, 2008. The increase from $417,000, to as much
as $729,750 in high-cost areas (125% of the median price), will also
apply to Federal Housing Administration loan guarantee programs.
This will absolutely take the many buyers off the sidelines, grabbing deals
and propel our real estate market BIG TIME as soon as these new loan limits take
effect!
"What's the bottom line? The bottom of the market is coming. If you do your
homework, pay attention to your local markets, make sure the price is right -- as
in at a big enough discount -- obtain the right kind of financing, you can capitalize
on the big sale and pick up a solid property at a good price. But don't wait too
long. Today's sale is for a limited time only!" adds McGee.
For more information on how you can learn how to buy right as a white-knight foreclosure
investor, check out ForeclosureS.com and its education programs on the web -- www.ForeclosureS.com.
About Alexis McGee: ALEXIS McGEE, Co-Founder and President of ForeclosureS.com
is both the architect and teacher of their exclusive investor learning programs
and author of the book "The ForeclosureS.com Guide to Making Huge Profits Investing
in Pre-Foreclosures - Without Selling Your Soul" (Wiley, September 2007) and
"The ForeclosureS.com Guide to Advanced Investing Techniques You Won't Learn
Anywhere Else." (Wiley, March 2008)
Alexis McGee is also the co-founder, architect, and mentor for one of the most popular
and the longest-running foreclosure web sites in the country, www.ForeclosureS.com.
Pioneered by McGee with her husband Tim, in 1995, the site's goal is to share her
unique "White Knight(TM)" investment approach, training thousands of clients
from all walks of life to achieve true financial independence.
A 20-year veteran of the foreclosure-investing business, McGee knows firsthand what
works and what does not. After her studies in Real Estate Finance from Arizona State
University in 1983, Alexis became a successful commercial real estate agent, investor
and trainer. It was during this time that Alexis developed her founding principals
that make her techniques so effective.
Alexis is the nationally recognized foreclosure industry expert and sets the gold
standard for honesty and ethics in the business. She's the go-to person interviewed
or quoted by media coast to coast, from The Wall Street Journal, New York Times,
Los Angeles Times, and Chicago Tribune to Money Magazine, Manhattan Mortgage, CNNMoney.com,
MSN.money.com, CBSMarketWatch.com, DailyNews.com, InmanNews.com, CBS, NBC, ABC,
FOX, and CNBC as well as National Public Radio.
About ForeclosureS.com: Sacramento-based ForeclosureS.com, publisher of foreclosure
property information for more than two decades, has more than 3.5 million listings
of current foreclosure filings covering nearly 1,500 major U.S. counties. More Here:
"ForeclosureS.com: The OTHER Foreclosure Listing Source Has the Right Numbers!"
To ensure accuracy,
www.ForeclosureS.com/ bases its statistics on the numbers of formal notices
filed against a property in the foreclosure process. In some states that can mean
up to three filings against one property -- notice of default, notice of foreclosure
auction, and notice of REO -- after a property has gone to foreclosure auction and
a bank or lender takes possession of a property. In other states, it's only two
filings -- auction notice and REO notice. Whatever the case, the same property can
be counted multiple times, and inaccurately skew the numbers. To avoid that, ForeclosureS.com
reports only two sets of numbers, Pre-foreclosure (filings before foreclosure) and
REO (after foreclosure) filings.
Media Contact:
Sofia Gutierrez, ForeclosureS.com, 916-860-1190
or sofia@halldinpr.com
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