Tax Deeds - The Best Way to Increase Your Net Worth Quickly
Tax deed sales of government foreclosure properties are going to increase to the point where the informed and skilled investor, who knows how to research and perform due diligence, will experience a windfall in profit-making opportunities.
There is no better way for the average person to increase their net worth more quickly than through tax deed investing. As strange as it may sound, dirt is gold, and those who understand this will invest in it.
Florida real estate under the foreclosure process works its way through the system very slowly. A redemption period of two years is given by Florida state law allowing the owner the chance to redeem their property before it is sold by public auction. However, the banks that hold the mortgage notes on the property are not quite so forgiving or generous in the period of time they allow - just ask the poor foreclosed homeowners who have already experienced the trauma of eviction!
A.R.M.s, or Adjustable Rate Mortgages, and Sub-Prime rate loans, are groups of troubled loans that we have heard about the most through the media over the last few years. It is these types of loans that have defaulted, causing the current housing and consequent banking crisis; like Siamese twins joined at the hip, where one goes so does the other. Foreclosures resulting from these defaulted loans are what we will experience over the next two to four years. And this is just the beginning.
The crisis caused by the recent Sub-Prime and A.R.M.s disaster has generated an effect that few of us are aware of and even fewer could possibly accept, as it will boggle the mind! The Federal Reserve has issued some $9 trillion to the banks to keep them solvent, otherwise the whole world faces financial collapse. That is $9 with 12 zeros after it, or $9,000,000,000,000 (oh my God!). Yes, it is hard to imagine. Talk about a 'comma check' … that's a 'four comma check', and it’s the taxpayers who are the ones writing it, or underwriting it, to be precise.
But - and it’s a big but - that is not the bad news. The bad news is, that $9 trillion saves the banks, but not the property owners!
There is a saying in baseball: 'Three strikes and you’re out'. So far, there has only been one strike - the Sub-Prime strike. The second strike - the A.R.M.s strike - is what is just now starting to unfold, and the Prime Rate strike is the third strike looming on the horizon (against those who were once good payers of their monthly mortgage but have now lost their jobs). The banks know this and they are preparing for it. Why do you think they asked for the $9 trillion? Expect the next fiscal year to reflect this disaster.
As people continue to lose their jobs and their savings dry up (as sad as it is to say), they, too, will ‘strike out’.
The banks - with the obvious support of the Federal Reserve (which they own), and the federal government, that so desperately looks for a solution to the crisis at any cost, usually yours ($9 trillion of your taxpayer dollars, to be exact) - are about to pitch that curve ball which will bring about the third and final strike, and someone else strikes out!
On the bright side (and, as you know, every dark cloud has a silver lining - after all of that, you probably didn't think there was one - well, here it is) … this ‘third strike out’ will extend the period of opportunity for the tax deed investor another two to four years on top of what is already occurring.
Look for the tax deed boom in Florida to go well into 2020. So save up, learn investing skills, and then Get Rich - from Dirt!
There is no better way for the average person to increase their net worth more quickly than through tax deed investing. As strange as it may sound, dirt is gold, and those who understand this will invest in it.
Florida real estate under the foreclosure process works its way through the system very slowly. A redemption period of two years is given by Florida state law allowing the owner the chance to redeem their property before it is sold by public auction. However, the banks that hold the mortgage notes on the property are not quite so forgiving or generous in the period of time they allow - just ask the poor foreclosed homeowners who have already experienced the trauma of eviction!
A.R.M.s, or Adjustable Rate Mortgages, and Sub-Prime rate loans, are groups of troubled loans that we have heard about the most through the media over the last few years. It is these types of loans that have defaulted, causing the current housing and consequent banking crisis; like Siamese twins joined at the hip, where one goes so does the other. Foreclosures resulting from these defaulted loans are what we will experience over the next two to four years. And this is just the beginning.
The crisis caused by the recent Sub-Prime and A.R.M.s disaster has generated an effect that few of us are aware of and even fewer could possibly accept, as it will boggle the mind! The Federal Reserve has issued some $9 trillion to the banks to keep them solvent, otherwise the whole world faces financial collapse. That is $9 with 12 zeros after it, or $9,000,000,000,000 (oh my God!). Yes, it is hard to imagine. Talk about a 'comma check' … that's a 'four comma check', and it’s the taxpayers who are the ones writing it, or underwriting it, to be precise.
But - and it’s a big but - that is not the bad news. The bad news is, that $9 trillion saves the banks, but not the property owners!
There is a saying in baseball: 'Three strikes and you’re out'. So far, there has only been one strike - the Sub-Prime strike. The second strike - the A.R.M.s strike - is what is just now starting to unfold, and the Prime Rate strike is the third strike looming on the horizon (against those who were once good payers of their monthly mortgage but have now lost their jobs). The banks know this and they are preparing for it. Why do you think they asked for the $9 trillion? Expect the next fiscal year to reflect this disaster.
As people continue to lose their jobs and their savings dry up (as sad as it is to say), they, too, will ‘strike out’.
The banks - with the obvious support of the Federal Reserve (which they own), and the federal government, that so desperately looks for a solution to the crisis at any cost, usually yours ($9 trillion of your taxpayer dollars, to be exact) - are about to pitch that curve ball which will bring about the third and final strike, and someone else strikes out!
On the bright side (and, as you know, every dark cloud has a silver lining - after all of that, you probably didn't think there was one - well, here it is) … this ‘third strike out’ will extend the period of opportunity for the tax deed investor another two to four years on top of what is already occurring.
Look for the tax deed boom in Florida to go well into 2020. So save up, learn investing skills, and then Get Rich - from Dirt!