Homes for Under $10,000 are Sent Packing due to Economic Stimulus Package
Cheap Real Estate is one of Obama’s main focuses for his 2009 efforts to stem the US economic crisis
United States – Friday 17th March 2009: This month Barack Obama announced that stopping rising numbers of foreclosure homes in the US is included within the Government’s planned economic stimulus package. The package, worth $787 billion, aims to turn the current economic crisis around.
What this means for the cheap real estate market is that now is the time to invest in homes for under $10,000 as they may not be around for long. Companies such as HomeForeclosureDatabase are saying that the era of the average investor working from home and becoming the next millionaire may be coming to a close, so it’s best to get on the case and fast. Their belief is that finding the right place at the right time is the key to foreclosure buying. It means that buyers are not investing fortunes and are paying just pennies on the dollar instead.
“Opportunities in today’s real estate market are gigantic” says John Adler, Vice president of HomeForeclosureDatabase.com, “Properties that were selling at $500,000 are now literally being let go by banks at an incredible discount. Fortunes will be made by those who buy today for 40, 30 and even 10 cents on the dollar and sell sometime in the not too distant future"
Homeforclosuredatabase is an online company providing information on cheap real estate and where to get. As a result families who have been less fortunate in the past can invest in homes for under $10,000 and see a huge return on investment (ROI).
Banks are working together with the unemployed to buy foreclosure homes without investing fortunes so that the properties are off their hands and owned by those who really need them. However, time is running out for investors to take advantage of the current cheap real estate market as US Government plans to stem the rising numbers of foreclosure properties move forth.
- Contact Information
- John Adler
- Vice President
- Contact via E-mail
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