According to a CNNMoney report on January 14, 2010 “almost 3 million homeowners received at least one foreclosure filing during 2009, setting a new record for the number of people falling behind on their mortgage payments.” RealtyTrac, an online source for foreclosures in the marketplace, reported that about one in 45 households–2,824,674 properties nationwide — were in default last year. That’s 21% more than in 2008, and more than double 2007’s total. For those of you who read our blog post a few weeks ago, saw the report from the Associated Press that 1.7 million home owners were on the verge of foreclosure. Which, if you remember, meant two things for REIC investors:
1. More foreclosures will continue to enter the market, drive prices down, and create an ideal climate for purchasing investment properties.
2. Millions of foreclosed individuals will need a place to live.
REIC Global takes investors by the hand and helps them replicate a pattern of real estate success. In the last 12 months, the company has helped club members transact tens of millions of dollars in real estate.
Read here to find out how REIC has helped hundreds of individuals find places to live!
