mortgage meltdown? what, in this freezer? no way…
You’ve heard the term, “short sale.” Well, in most instances, sales like these really aren’t considered short.
Pre-foreclosures, distressed homes, distressed mortgages, pre-auctions–we’ve heard a lot of terms lately, and many of them are related to attaining something that a lender generally does not want (back)–REAL ESTATE. Southwest Idaho, much like the rest of the state, and the nation for that matter, has loads of these icecubes…yep, the freezer is getting full. Let’s start making smoothies or daquiris out of the situation though, and get on the ice cream truck. If we stop looking at the miopic “meltdown” side of the ice cream cone, and start learning what we need to in order to help absorb some of the “run-off” (like when you start licking the side of the cone really fast, so that your entire ice cream investment does not end up all over your hand and the ground!) ie., learn to purchase pre-foreclosures, we’ll achieve some serious balance to our market(s) much more quickly. More soon…
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