We teach our investor clients to develop win-win scenarios that will benefit both the distressed homeowner and the investor. The troubled homeowner conserves some equity for a new start, and the investor realizes a reasonable profit. That's much better than seeing the owners lose everything, including their credit, in an auction on the courthouse steps.
More Quotes from Alexis McGee:
As these markets cool down, we'll begin to see mortgage defaults increase in 2006.Alexis McGee
We're seeing reduced price appreciation in the Pacific Northwest, and Alaska although population growth and job growth there remain strong.
Alexis McGee
We teach our investor clients the fundamentals of successful foreclosure property investing, and show them how to create ethical win-win scenarios that benefit both the troubled homeowner and the investor. Our method enables the homeowner to conserve some equity for a new start, while assuring the investor of a reasonable profit on resale of the home. That's a much better solution than seeing the owner lose everything at auction.
Alexis McGee
In Delaware, for example, severe job loss is expected as a result of Bank of America's acquisition of MBNA. That will put many households in financial distress.
Alexis McGee
A great many risky loans were issued in California as home prices reached the stratosphere. Interest only and option ARMs were used by many buyers to qualify for homes they could not otherwise afford. That means trouble in the near and intermediate future.
Alexis McGee
While there is less overvaluation in these markets, relatively low employment in states like Virginia, West Virginia and Kentucky are putting more homeowners in financial distress, These states are heavily dependent on the manufacturing sector of the economy, and that sector continues to lag behind others, like health care and professional services.
Alexis McGee
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