I came across these 2 articles in the past couple of days while surfing the web. If you’re a real estate investor, I would consider both of them mandatory reading.

The first article is about Brent T. White, a University of Arizona law school professor, who says that it’s in the homeowners’ best financial interest to stiff their lenders and that it’s not immoral to do so.

When I first read it I was a bit shocked. However, here’s a tip for you:

I would print out this article and take it on short sale appointments with me. However, instead of telling the people to walk away, I would tell them that a short sale would be far less damaging to their credit.

The second article is from Bloomberg, and it talks about how we’re going to see not just a huge increase in foreclosures, but also in luxury home foreclosures. This excites me, as their are much larger spreads and profit potential when doing deals with luxury homes.

I would take 10 minutes, and read each article. Hopefully it gives you some good insight, and also the opportunity to get motivated and excited about your real estate investing business in 2010.

Happy Holidays!



Share and Enjoy: