Mortgage Updates

So, if you have a family that you want to move into a home, and there is more than one of you, there are also new options. Check this out.

The foreclosure rate has moved so high and individuals have become so frustrated, that now people are just turning in their keys so that they don’t jeopardize their credit or move into a sticky situation. So, of course, Realtors are having to think outside of the box in order to get things back in order.

How do you think this one is going to work?

“Buy one house, get the 2nd house free.”

That’s right. If you make one $150,000 investment, you can get $150,000 for free! This particular deal started in San Diego in order to get rid of some of the lower developed homes when you buy one that is a little more pricey. If you buy a home in San Pasqual Valley for $1.6 million, you can get a second home in Escondido for free, typically, a $400,000 investment. That’s it! With nothing in the costs to increase over the years.

So, how this particular system actually working? So far, no results are being shown, but you can see it slowly creeping up in the news throughout the nation. And, if rates continue to go up like they are, you can best bet that the real estate crisis is going to start giving away homes everywhere.

Finally! Those who wanted to make millions are going to have to help out the homeless. Maybe this whole crisis is about getting the ones that have the greed and the money to do the right thing when they don’t have as much power. (smile).

So, if you want to move to San Diego, make sure you get on the deal of buy one get one free and take advantage of the Wal-Mart for Real Estate.