More Opportunity to Buy Defaulted Mortgages, Says NoteBuyingProfits(dot)com
Released on: October 24, 2008, 5:01 am
Press Release Author: Falk Willis, Marketing Director
Industry: Small Business
Press Release Summary: The US TreasuryEUR(tm)s EURbailoutEUR of the financial markets is a landmark event in US financial markets that will effectively open the floodgates of defaulted mortgages into the market, states NoteBuyingProfits.com Many financial institutions have already indicated they will NOT participate in a Treasury-led bailout, but are expected to come under increasing pressure to sell their defaulted mortgages.
Press Release Body: Defaulted Mortgages: US Treasury to Buy $700 Billion of Non-Performing Assets: More Opportunity to Buy Defaulted Mortgages, Says NoteBuyingProfits.com The US TreasuryEUR(tm)s EURbailoutEUR of the financial markets is a landmark event in US financial markets that will effectively open the floodgates of defaulted mortgages into the market, states NoteBuyingProfits.com Many financial institutions have already indicated they will NOT participate in a Treasury-led bailout, but are expected to come under increasing pressure to sell their defaulted mortgages. San Francisco, California October 24, 2008 EUR" The opportunity for individual investors to participate in the secondary mortgage market and invest directly in defaulted mortgages has never been greater than it is now, according to California-based NoteBuyingProfits.com. EURI think weEUR(tm)re going to see a spike in sales volumes over the next year as both Treasury as well as banks and thrifts mark their notes to market,EUR says Dean Engle, founder of a distressed debt investment firm out of San Francisco. Engle predicts that a government bailout wonEUR(tm)t diminish the volume of defaulted mortgages available for purchase to third party investors. EURThe reason why is that weEUR(tm)re going to see an increasing amount of trading EUR" or flipping EUR" as more and more players jump into this lucrative note buying market,EUR says Engle. Real estate investors who have been chasing Short Sales should read the writing on the wall. Treasury will have a mandate to modify loans, so expect Short Sale volumes to remain flat or to taper off. Note sales, also known as buying and selling defaulted mortgages, however, will multiply. Interested investors should take advantage of the market, and of whatever training they can get, to invest in these profitable pieces of paper. Engle is one of several investors offering training to new investors looking to learn the ins and outs of the business. His training company, www.NoteBuyingProfits.com, offers a 16-hour training program that guides someone all the way through the Note Buying Process in an easy-to-follow, 8-week plan. EURWe launched our A-Z Profiting from Defaulted Mortgages Business-in-a-Box Course a few months ago because we were being swamped with requests from short sale investors and foreclosure auction buyers who were looking to find out about these Notes,EUR says Falk Willis, managing partner of NoteBuyingProfits.com. EURTo be honest with you, Short Sales are dead,EUR affirmed Willis. He may have a point. Earlier this year, a study by the State Foreclosure Prevention Working Group revealed that Short Sales accounted for only 1.68% of all loss mitigation workouts among more than 5 million loans analyzed by the Group. Buying non-performing bank notes aka defaulted mortgages is a growing business. In todayEUR(tm)s real estate market, it represents a significant acquisition opportunity. The US TreasuryEUR(tm)s recent announcement that it will acquire $700 Billion in non-performing bank assets is expected to open the floodgates as banks rush to participate in the bailout. For additional information on how to buy Defaulted Mortgages aka Non Performing Bank Notes, and on the A-Z Course mentioned above, please visit www.NoteBuyingProfits.com or contact Falk Willis. About NoteBuyingProfits.com: The company was founded in March of 2008 to provide real-life, up-to-date training to investors seeking to profit from defaulted mortgages. It is headquartered in San Francisco, California. Contact: Falk Willis, Marketing Director NoteBuyingProfits.com email@example.com 718-783-7605 http://www.NoteBuyingProfits.com
Web Site: http://www.NoteBuyingProfits.com
Contact Details: Falk Willis, Marketing Director NoteBuyingProfits.com firstname.lastname@example.org 718-783-7605 http://www.NoteBuyingProfits.com