The opportunities that exist in the
Lenders are extremely flexible on negotiating high dollar mortgages and jumbo loans because they definitely don't want these houses back. Would you rather make 10% of a 150 thousand dollar home or 10% of a 1.5 million dollar home? The Mortgage Marketplace has created such a large number of defaulted mortgages that it has created unlimited opportunities to do these types of transactions.
This is because of the very aggressive sub prime products they put out in the market place and their loosened guidelines for allowing weak borrowers to buy properties they normally wouldn't have been able to buy. They did this because of competition needed to get their money out in the market place. The Foreclosure Niche is the Best Niche in the
This situation won't last forever. Just 3 years ago it was very difficult to find these types of deals. Its so easy now, its pathetic! Take advantage of it while its here.
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