Monday, October 6, 2008

Homebuilders Flooded with Inventory

Charleston, S.C.: “New home permits are down… More and more homes are remaining

empty and homebuilders are holding on to more inventory than ever. “Its really hard

right now, it’s probably the toughest time in the history of this industry,” said

Frank Finlaw, Charleston Division President for Beazer Homes… But Phillip Ford, VP,

Trident Homebuilders Association, says panic and rumors are making the situation

worse: “I just refinanced my house, my in laws just bought a new house. There are

mortgage options out there you just have to look for them. There are opportunities

out there, it’s not dried up.”

We have now introduced our newest program that provides you with Private Funds
to use for Flipping Short Sale Transactions. Line up a prequalified buyer
and our Investor can provide the Proof of Funds and the Cash to buy the
short sale from the Bank.

Cost of Funds is 1% plus $300 flat fee all paid from your profits at closing.

Buy a home worth $200,000 in a short sale for $100,000 and resale for $150,000.
You keep $50,000 minus 1% (1,000+$300 flat fee).

... http://www.fastbuyerloans.com

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