February 16, 2009 An Abundance of Properties are Perfect Investment Opportunities
February 16, 2009
Banking News The Mortgage Bankers Association recently reported previously that during the fourth quarter of 2008, almost 12% of American home mortgages were delinquent. Nearly 5.5 million U.S. homeowners! Bank of America (21.13% market share), Wells Fargo (18.3%), JPMorgan Chase (15.44%), and CitiMortgage (8.32%) own about 63% of the mortgage service market.
Real Estate News U.S. Banks are sitting on tens of thousands of foreclosed properties and anxious to sell, offering properties in many instances for only 10 to 50 percent of the original loan value. Some properties are even selling for prices not seen in the real estate market for over a quarter of a century. Investors are even buying real estate with their IRAs and retirement accounts. For more information,visit: www.WealthyIRA.com.
| < Prev | Next > |
|---|

