Did you know that homes and valuable property are available for sale in every region of the United States for prices that are up to 90% off their regular value?
Foreclosed and repossessed homes are flooding the inventory lists of banks, mortgage lenders and government offices as the housing market tumbles nationwide.
This poses a problem for the financial industry and for the government as well. The reason is that these institutions are in the business of lending or guaranteeing the loans on homes.
They are NOT in the real estate business. And they DO NOT want to own these homes. It is a nightmare for them to maintain the homes, keep up repairs, secure them from vandalism and theft, just to keep them on the books as a burden to their portfolios.more...
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