The following is from the first chapter of my real estate book, A to Z of Foreclosures: Real Estate Worth Millions Acquired with $101. This book outlines 14 different methods to buy real estate. Find more about the book on http://drsinghbooks.com and http://amazon.com
In this time of economic uncertainty, when the country is facing a credit meltdown, investors in real estate are asking themselves whether any realistic opportunities remain available to them. The answer is a resounding “Yes.” Uncertainty always provides opportunity.
Urban legend tells us of an old Chinese curse: “May you live in interesting times.” Of course, we all know that curses can be inverted blessings. These are interesting times, and they open doors to opportunistic investors.
Where does an opportunistic investor look to find these opening doors? Although there is any number of areas an investor could look into, acquiring properties through the foreclosure process offers multiple opportunities. Examples of investors doing just this abound.
One prime example is the opportunities presented by the collapse of the savings and loan association industry in the late 1980’s. That crisis arose out of extensive speculation in real estate by savings and loan associations. In that crisis, many savings and loan associations became insolvent and were taken over by the Office of Thrift Supervision. Congress passed a law entitled the Financial Institutions Reform Recovery and Enforcement Act, commonly known as FIRREA (pronounced Fie-Ree-Ah). FIRREA created the Resolution Trust Company, commonly referred to as the RTC. Savings and loan associations had acquired many real estate assets in the course of the crisis. The RTC was charged with the task of disposing of those assets. Under then existing market conditions, investors were able to purchase properties at substantially discounted prices. A number of real estate investors made fortunes in the aftermath of the savings and loan association collapse.
I would like to bring this to the notice of the public about how I came in contact with Mr Pedro after I lost my job and was denied a loan by my bank and other financial institutions due to my credit score. I could not pay my children's fees. I was behind on bills, about to be thrown out of the house due to my inability to pay my rent, It was during this period my kids were taken from me by foster care. Then I set out to seek funds online where I lost $3,670 that I borrowed from friends which I was ripped off by two online loan companies. Until i read about Mr Pedro helping people with an loan online in which this email was stated (pedroloanss@gmail.com) somewhere on the internet, Still wasn't convinced because of what i have been through until a relative of mine who is a clergy also told me about the ongoing loan scheme at a very low interest rate of 2% and lovely repayment terms without penalty for default of payment. I had no choice than to also contact them, which I did. Mr Pedro responded back to me. That day was the best and greatest day of my life which can never be forgotten when I received a credit alert for the $400,000.00 Usd loan amount I applied for. I utilized the loan effectively to pay up my debts and to start up a business and today my kids and I are so happy and fulfilled. You can also contact them through email: (pedroloanss@gmail.com / WhatsApp Text : +18632310632) Why am I doing this? I am doing this to save as many that are in need of a loan not to be victims of scams on the internet. Thanks and God bless you all, I'm Oleksander Artem from Horizon Park BC , Ukrain.
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