Subscribe to RSSProfiting From Foreclosure Stocks
Only asses think the housing market’s bottomed… Fact is, three long years and millions of foreclosed homes later, there’s still a wave of foreclosures headed our way — just as we’ve been warning readers about since the early days of 2007. We’re nowhere near the end of a crisis that could cost us $1.5 trillion. Yet, there are two very simple ways to profit from the very companies that help process the foreclosures. We’re talking about two companies that process foreclosures — the very companies that profit when homes are foreclosed. And we believe they’ll be quite busy, and profitable, over the next few months. Here’s why… Advertisement Canadian Coal and Oil Under Seige! Canada’s “Green ATF” is on a mission. And by the time they’re through, British Columbia’s power industry will be left unrecognizable. But as the region is transformed, one hydroelectric company stands to make a mint. Find out the name before your chance at 171% gains evaporates. Despite reports suggesting the housing crisis is bottoming out — strengthening home prices and few foreclosure auctions — there is no recovery in sight. Government repayment programs and loan modification programs may show improvement, but they’re just delaying the inevitability of troubled homeowners trying desperately to hold on to property that has dropped by tens of thousands of dollars. Another obstacle for the housing recovery is the number of mortgages that are underwater where borrowers owe more than what the house is worth. This negative equity doesn’t qualify those people for refinancing and even prevents them from selling the home, often resulting in “strategic defaults.” But the most devastating of all could be the coming Option ARM (adjustable rate mortgage) resets of 2010 and beyond. It could easily lead to higher unemployment, housing glut, decreased home values, and the death of the cash-strapped consumer. What do you think will happen to housing when the resets happen? What do you think will happen when monthly payments on a $400,000 mortgage jumps from $1,287 to $2,593? We’ll see even more foreclosures, as Option ARM resets cause a larger …
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Profiting From Foreclosure Stocks
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