May242010
Is The Real Estate Recession Finally Over?
Is the recession finally over?
This week, CNN reports that existing home sales soared last month.
Good news, right?
Does this mean the real estate recession is over and prices will finally start to rise again?
I don’t think so.
On Wall Street, we had a saying to describe this phenomenon:
“Dead cat bounce.”
When a stock falls quickly from a high price to a low price… right before it hits rock bottom, it sometimes “bounces” up a few dollars… then it comes crashing down again.
Just like if you were to throw a dead cat off a roof, when it hit the ground it would bounce up…
Hence the phrase, “even a dead cat bounces.”
We’re seeing something similar in the real estate market right now. Prices tumbled so far down for so long and last month they finally perked up a bit.
The main reason home sales spiked last month was because April was the final month to take advantage of the home buying tax credit.
It’s human nature to wait until the last minute. And that’s exactly what most buyers did — waiting until the final month of the tax credit.
But now, the tax credit is off the table. And I think it’s unlikely that home sales will continue to rise.
In fact, with the tax credit gone, mortgage applications have fallen to their lowest levels in 13 years. Which means fewer people are beginning the process of applying for mortgages in the hopes of buying a home.
So What Does This All Mean?
Here’s my take on it: The government tried to jump start the next real estate boom by offering the tax credit. And it worked for a few months, but it doesn’t look like it fixed the problem.
Real estate values are going to continue to stay in the basement for a while longer. Partly because banks have made it darn near impossible for the average Joe to get a mortgage.
This sounds like bad news… but it’s actually GOOD NEWS for note-finders like you and me. Because even more home sellers will turn to seller-financing to get their properties sold.
This creates a note and this creates an opportunity for us note-finders.
There are already $169 BILLION dollars of notes on the market today — and I think this number will continue to rise.
What do you think?
Is the Real Estate Recession over? Or are we stuck in this slump a while longer? And what are you going to do to make money with this information?
Leave your thoughts in the comments below.
– Russ
Founder of Winning in the Cash Flow Business
Russ;I have read your email, 8 advantages of creating notes, and for some reason the website you have will not show up on my computor, the only thing it had was a few listings for homes for sale, it also said the website is temporarily unvailable. It also said the website might have changed or removed the webpage. But I have read what you put in your email, and took notes as always. Keep the emails coming,keep us updated on what ever you find. Thank-you; God Bless; Grateful; Roy&Rose Hawkins
May 24th, 2010 at 6:36 pm
Truly…I haven’t seen a search in home sales. But I have seen homes posted “for sale by owner” everywhere! Now the problem seems to be finding buyers with the cash for a down payment. My solution (which I bounced off David Winter at the recent Triple Crown event) was for the seller to create a second note for the amount of the down payment; this would possibly create a note holder that has a first and second position note; making it easier to deal with complications and foreclosure if needed? This would then allow the home owner the flexibility of a sale and move if they are currently chained/tied to a piece of property that they cannot sell. Certainly the seller would have to have more cash available for such a finance arrangement but in difficult times that is when creative finance measures are born. Just a thought…
Eileen Carr
May 26th, 2010 at 8:25 am
I think your comments are right on target. A realtor friend once told me that real estate sales rise or fall about every ten years. In the Caliornia area where I lived, from mid-1980 to 1991, sales were up. In 1991, they dropped significantly. Just before I moved away in 2002, property owners in that area could get about any price they asked. The ebb and flow varies by area, but the trend seems to be much the same everywhere.
May 26th, 2010 at 10:03 am
Thank you so very much for this insight Russ i do appreciate it, this is a real boost to my spirit, keep the mail coming i really need it. Thanks for the fresh new start.
May 25th, 2010 at 8:38 pm
I agree with you Russ. I am working diligently to get my first deal and many more. I think the traditional market is heading for another BIG crash that will cause FSBO to create more Owner Financing. Consistence is the key to great victory. Please keep the e-mails coming they help me out a lot. Committed to Winning!!!
May 25th, 2010 at 8:41 pm
I love the system,I’ve been working 4-6 Hrs.,everyday since I recieved it.I’ve been working with the couty douments taking down the information and then getting all the ph#’s and calling the prospects.I have listed one note,I have been working on the program since the beginning of May also May is the first month I haven’t been able to pay my bills.My business has been very bad the last 2 yrs.,and the year before that ther was the strike on Broadway(I’m a ticket broker).I’m financially tapped or I would purchase some of you’re insider training,if I had some money I would purchase the postcards sending them to the good addresses from the county record’s and start working the professionals.My accountant gave the lead for my 1st note that I listed.I wish there was I could do but without money you work even harder.Thank You for you’re time Russ…Rich
May 25th, 2010 at 8:45 pm
Richard
Myself I would stay on that note get it done and pay the bills. Then there is more time to work, on the next one.
Lance
May 26th, 2010 at 5:25 pm
I think like russ does the real estate market is going to be down for 3-4 years yet but good news for note finders.
May 25th, 2010 at 8:52 pm
Russ,
I totally agree. I believe it is the calm before the storm. I have spoken with many who cannot get refinanced or a loan mod at this time and they are upside down. And I just recently spoke with an investor who is also upside down with all but 2 of the homes that he invested in.
Thanks,
K.Correa
May 25th, 2010 at 9:05 pm
Thinks, for all the support and updates,
May 25th, 2010 at 9:17 pm
Hey Russ, I think your dead on with the notes being created more and more each day.
I think the blog is an awesome way to reach out to more people.
Thanks for all you do, give and share
Marsha B
May 25th, 2010 at 9:37 pm
Russ, I agree with your assessment 100%. The tax credit, while well-intentioned, was a bandaid over a cut requiring stitches. The time I spent in real estate and through coversations I have with professional friends, I believe buyers and sellers have unrealistic expectations when it comes to buying and/or selling their home.
My question is how can I take this and run with successfully in the note business?
May 25th, 2010 at 9:38 pm
Joseph
With the contacts You Have I would put MY SHOES ON & NEVER LOOK BACK! Have A Great Day!
Lance
May 26th, 2010 at 5:51 pm
Russ, I think that you are right. I do not think that the Recession is over. I believe like you that there will be plenty of opportunity for those in the Note Business.
May 25th, 2010 at 9:57 pm
I DO THINK THAT THIS IS THE SEASON FOR NOTE FINDER LIKE US
May 25th, 2010 at 9:59 pm
I agree with you, and I like getting your emails they are very interesting to read. Thanks
May 25th, 2010 at 9:59 pm
Hi Russ; I Say you just made another good call. We are good sailors and we’ll be riding this out and gathering notes till the cows come home – and then some. Gives us added imputus to keep looking for folks to help. AFTER ALL, that’s what were trained for, right?
Bob and Jan Lints
May 25th, 2010 at 10:08 pm
In my State (Calif.) the R.E. recession/slump is far from over. Value is the result of Supply & Demand. There is supply, there is demand, yet conventional lenders are holding back from funding new loans even when buyers/borrowers are strong in down pymt, credit scores, etc. Yes, SELLER FINANCING (lots of creativity too) can help BUYERS become home/owners, keeping in mind not all listed properties are free & clear.Good equity can permit seller carryback notes even when loans exist. FISBO’S ARE GOLD.
May 25th, 2010 at 10:17 pm
RUSS I THINK YOUR 100% RIGHT.WHAT WOULD BE A GOOD WAY TO LET THESE SELLERS KNOW ABOUT THIS WAY TO MOVE THERE PROPERTY ? THERS A LOT OF SELLERS OUT THERE THAT THINK THE ONLY WAY TO GET MONEY FOR PROPERTY IS FROM A BANK.
May 25th, 2010 at 10:21 pm
hi russ read your email i believe there will
always be a note poeple will always need help
with there mortgage,and know the recession is
not over.
May 25th, 2010 at 10:50 pm
Sometimes I think these talking heads on TV and the politicians must be smoking pot and their minds are fuzzy.
It is going to take a while for things to turn around long after jobs come back so people can qualify for mortgages, if ever.
Seller financing and cashing out the notes are obviously the order of the day.
May 25th, 2010 at 10:56 pm
Home prices may stay down for a time, but there are still many sales to be made in this wide-open business! I would like to start with FIVE of them!
May 25th, 2010 at 11:00 pm
Hi Russ,I read your email and I read the information on the blog page.I have my eye on a note by an fsbo and I’m going for it.I’m getting rid of the fear and doing what I have to do.If I don’t do it now,I might not get this chance again. Thanks again for the encouragement. May God bless you and your staff. Stephanie.
May 25th, 2010 at 11:04 pm
Russ,
I’m with you on the “Dead Cat Bounce”. The tax credit is over and the people buying were using that as their down payment. People still holding notes will be looking at seller financing and really will consider any offer they get.
May 25th, 2010 at 11:38 pm
I think you are absolutely correct in this. The government thinks they can just toss our money in the pot and it will cure all the ills of the market. My granddaughter will never see the day when she isn’t taxed to the hilt. The whole thing was caused by the loan companys selling their split mortgages
and in most cases they knew the client would not be unable to make the payments when they had to. Just a way to grab everybodys money
May 25th, 2010 at 11:42 pm
Thanks for giving us your knowledge of what the
current Economy means to us. I am just getting
started in your business and I have been very
happy with everything you have taught me. And I
will be pleased for you to continue to send me
any kind of information to my email. Everything
you send me continues to make me feel better.
Thank You Sir
May 25th, 2010 at 11:44 pm
Recession or not people will always use notes to
navigate business deals. We have the right one (Business) baby. It’s the real deal.
May 25th, 2010 at 11:51 pm
Hi, Russ. I have read the webpage you send me on craigslist list for notes, I finded a few notes on the first page but not any more. I look every day, tell me what I am doing wrong please, thank you .
May 25th, 2010 at 11:58 pm
Dear Russ,
Thank you for the information. I will keep trying to see how I can find a buyer, because now I know how to find Seller who are willing to finance in order to sell a Home.
I am hoping to get help in how to start closing the Deal.
Sincerely,
Faida.
May 26th, 2010 at 2:46 am
We will continue to have money and economic problems. No cash, currency or credit is issued for the interest portion of any loan that’s made.
May 26th, 2010 at 4:39 am
I watch sqwauk box every morn at 5am I know whats going on morgatge apps are up 11.3% that dont meen nothing forclosures are the properties to capitalise on there are hundreds in 5 miles of me and FSBO
May 26th, 2010 at 5:27 am
By all means keep the emails coming. Always good news….even if it sounds ify to the world…your messages always add tidbits of wisdom. Every tidbet helps us plan for the future!
May 26th, 2010 at 6:24 am
Russ et al:
What should we expect of our efforts with word of the dropping interest rates expected in the next day or so…e
May 26th, 2010 at 6:38 am
It’s not over here in south Florida!
Glenn…
May 26th, 2010 at 6:57 am
Russ: Now aday many people will let their house go under, don’t you think investors will feel the same way and they are very hesitate investing in note? I know some investors love to invest but take the first position instead of second?
May 26th, 2010 at 7:55 am
Russ,
Good incite…Thanks for the post.
May 26th, 2010 at 8:02 am
Russ,
Thanks for your continuous stream of information. This points me in the directions I need to follow. I enjoy you blogs and emails. They remind me I’m not alone out here. They keep me connected. Thanks
May 26th, 2010 at 8:35 am
Roy Hawkins message about the website temporarily unavailable, is the same problem I had…………What’s up??
May 26th, 2010 at 8:54 am
hi russ we need your help on how to get cash flow notes.thank you. sandy and willie
May 26th, 2010 at 8:57 am
after contacting grantors which I was informed that they are the one which receives the payment they tell me that they haven’t begin receiving payments so I would like to know how to create a note to better succeed. Thank you
May 26th, 2010 at 9:25 am
Russ,
I think you are probably correct for two reasons:
1. A substantial number of the jobs lost prior to the financial meltdown and those thereafter will never return;
2. The banks can cut their losses by foreclousers and not refinancing.
May 26th, 2010 at 9:40 am
Russ!
I became a member of Experian Note Collectors, and have 100 free telephone numbers, I can buy additional 3,0000 note location telephone numbers for $100 minimum spending allowed, no problem with that.
Now! my terpidation is: mortgage prices are low; people need the money from their notes if they can have it offered to them.
I guess my question is, how do I win their trust to access their note information by telephone contact?, I am certain you are the expert at this, convincing the note holder. Is there another method of getting the note information and posting them to the system from my website? or can I just give you the contact information, I have my study-guides but convincing note holders is another job of itself.
Mind you, I ain’t giving up yet, just telling you where I am with the notenetwork business, trying to get off the fence and wet my feet.
Ms.
May 26th, 2010 at 9:48 am
Hi Russ…I am with you and believe we are still in for a bit of a recovery in front of us. This is not going to disappear overnight no matter what we do!
Have a great day!
May 26th, 2010 at 9:49 am
Russ,
I really think the government fix for a rebate was okay but, it really did not fix the problem for the long term. I think that it just enabled more people to get into houses that they cannot afford. Your point makes perfect sense that it is going to go back down again. IMHO. Anyway.
Lee
May 26th, 2010 at 9:52 am
Wow the way you explained that makes a lots of sense and that dead cat bounce never heard that before but it right on
May 26th, 2010 at 9:52 am
Russ,
Thank you for your insight, as always it’s timely and right on the money. I have been in the real estate market in Washington State for over 10 years now (as a Realtor & Builder) and have experienced many changes (both positive & negitive) but this rollor coster ride has been a real experience. You are (in my proffesional experience) very correct in your assumption of our market today as a whole so the timing could not better to capitalize on the Note Business now and enjoy the ride. Sellers will want to sell and Buyers will still buy and if you want a part of it in this type of market you will have to find a competitive alturnitive to help them move the market forward and the Note Business is it.
Thank You for all your help
Marc Haas
May 26th, 2010 at 10:23 am
Last month’s sales were due to people trying to meet the tax credit deadline…..
Janice Jackson
May 26th, 2010 at 10:23 am
I purchased the not generator and raising the money to get it printed and mailed out to the for sale by owners. It will take me a while but I will get it done to do my first note deal. I know that it has taken me a long time to get started but I will get there. Thank you for the encouragement that you give me.
God bless you
Alvin White
May 26th, 2010 at 10:41 am
if real estate has generally declined in value across the country and will take awhile to recover if at all. Why would a potential note buyer be interested in purchasing a note secured by real estate that may be underwater or diminished in value? In other words, despite the increase in seller-financed notes, the diminishing of property value would seem to discourage the purchasing of the note which is less secure. Thank you, Russ Christenson
May 26th, 2010 at 10:53 am
Just point me in the right direction. Where do I find for sale by owner. I have a resource list a bunch of US newspapers. Is that where it is?
May 26th, 2010 at 11:04 am
Probable I have not gotten that far, but I would like exact models of the postcards to attorney, etc. that I just have to get on the computer, type and print. (I already have a stock of card paper)
Janice Jackson
May 26th, 2010 at 11:22 am
I agree with you RUSS, I think the real estate market will remain depressed for quite awhile.
May 26th, 2010 at 12:04 pm
Hi Russ, Got your e-mail and I do agree with what you said. I am ready to get started with my note funding business. Will keep in touch. Please keep Your e-mails coming. Best regards Joe.G
May 26th, 2010 at 12:11 pm
Russ: I tend to agree with you about a rebound in the resent real estate market trend, this will take more time before we start seeing a substantual rise in property values. Our whole economy is based on job markets and unemployment stats. Much like the banks determine interest rates on the assets,income, and ability of one to pay. I truly believe 2 to 3 more years on a slow rise. We all must stay focused and hang in there, things will get better. tim duffy Redondo Beach
May 26th, 2010 at 12:45 pm
I agee with u Russ….A band aid will not fix the housing problem…. I think the administration was over confident and now are hoping for a miracle. Patience is the best medicine but extremely hard for us Americans to live by. On the other hand it’s great for us …… Going to get back to work! Thanks for the info.
May 26th, 2010 at 12:49 pm
Russ I do read all the emails you send. No I don’t think this is over It maybe for some people but not the note finder I am just getting started. With this info. It is confermation that I will be getting better results from my mailings,adds, and call list I have going.
thanks again for what you do
May 26th, 2010 at 1:11 pm
Thank you Russ! This is an awesome blog this week for me! I’m so excited and I can’t wait to see the response I’ll get after this! Thanks a million! Mrs.Moua.
May 26th, 2010 at 1:30 pm
Sorry, Im definitely not an authority on where the real estate market is headed at this point, but Im not getting discouraged no matter which way it goes or which way the stock market goes either.
May 26th, 2010 at 2:04 pm
Russ
Totally agree! I Believe that now would BE THE BEST TIME EVER! Put your thinking cap on & GO! Use YOUR HEAD for more then a place to wear your HAT!
Lance
May 26th, 2010 at 4:50 pm
HI YA’all done the same to ME! Keep On going forward & Don’t use your head for a place to put our hat on.
Lance
May 26th, 2010 at 5:08 pm
willis vaughn says: Thanks for the emails Russ. Reading through the blogs gives me better insight and encouragement to find these notes. I know it’s tough trying to get a bank mortgage , due to the recession , but I think creative financing is the way to go. I’m exploring all obtains to find some notes that I can submit. I will not give up, because I know I can make this work. Keep the emails coming.
May 26th, 2010 at 7:32 pm
it’s all about timing-the time is now..
May 26th, 2010 at 8:16 pm
I HAVE TONS OF IDEAS, BUT DON’T KNOW WHERE TO START.I’M LOST, AND NEED PROFESSIONAL HELP.I’M READY TO WORK HARD TO BE FREE. THE INFORMATION HAS ME IN A DIRECTION OF TO MUCH INFORMATION. PLEASE HELP ME SIMPLIFY WHAT I’M DOING.
May 26th, 2010 at 9:14 pm
Just thanks for the emails.
May 26th, 2010 at 9:49 pm
I agree with Russ,also about the 3 day crash course,I’m not quite ready.
May 27th, 2010 at 10:54 am
Thanks Russ for all the info. I think you are exactly right. This is not good for everyone but again it creates a lot of “opportunity” for many. I hope to join you and your team and put “it” to the test.
May 27th, 2010 at 11:08 am
Russ, Two of my daughters work in CA with foreclosures and refinancing of homes. One of them said that over 400 forclosures were sent to her office in 1 month and that appraisers are told to do drive by’s to give home values. The market is incredible in some of our states. I have been contacting other states and people I know to send me information on potential notes. Maybe this is the break I have been waiting for. Keep the blogs going, I get a lot out of them. Thanks
May 27th, 2010 at 8:32 pm
I hope to be able to get really going. I am having trouble in getting my videos to play, they wont I am having trouble with my computer I need to get really on the ball I am totally broke now worried about paying my bills and my sons are just making enough inthe business we have just to pay the bills minamally I will be calling the help line after the holiday hope you can give me bunches of much needed help I have been real sick and having lots of trouble. Looking forward to talking to one of your pros when I call. THANKS Bernie
May 29th, 2010 at 2:03 pm
Hello Russ and Crew, how are you? I really appreciate your e-mails and blogs Russ because they keep me informed. After reading your e-mails, The Chicago Sunday Times and the Wall Street Journal, I believe we have a minimum of 2 years before things start to turn around. My plan is to reach as many foreclosure & real estate investors as possible and explain the note business to them. The reason I’m excited about this business is because you can make money with one foreclosure investor that has 10 homes or 10 investors with 1 home apiece. Thanks Russ & crew and have a safe and wonderful holiday, SPENCER T.
May 30th, 2010 at 9:52 pm
Hi Russ well im getting closer i actually got to see a note today after working from 1100 pm last night when i got home from work until 5:00 am in the morning. Sos please keep the e-mails coming and keep encourging me I am determined to find a not i can get an image of sos i can get an address
to writ to tks agin
Robert
May 31st, 2010 at 4:00 am
I’ts the right to choose,it’s being free of all things that bind us. Bills ,jobs.Seeking financial freedom. This blog put it in prospective for me anyway,as all the other blogs have.Making your own choices, that’s
freedom…
May 31st, 2010 at 10:35 am
I always am grateful for any input that you give. I have not gotten off the ground, yet, due to I think, lack of knowledge of this business. I have got to start over, again, because now this business that I am trying to get started in, sounds like a foreign language. I don’t know where I could have possibly lost it. I like the word Freedom, because that is exactly what I am looking for. Freedom to me, is not being kept in bondage, for any reason. I am limited to what I can participate in, because Freedom has not taken a place in my life, yet. Help is definitely needed.
May 31st, 2010 at 12:53 pm
Hi Russ, Thanks for the insight, I am going to take all the information I learned from your books and blogs and use it to my advantage to build my wealth., Things might be going a little slow for me right now., But never the less, I will use all the information I have at my disposal to close my first note deal an many more in the future., Thanks for your time and cooperation for helping me.,Sincerely Michael.
May 31st, 2010 at 5:01 pm
I think you are so right, we are getting a false sense of seccurity by what is coming out in the polls.I will keep looking for notes.because that is were the money is.
May 31st, 2010 at 7:12 pm
I’ts the right to choose,it’s being free of all things that bind us. Bills ,jobs.Seeking financial freedom. This blog put it in prospective for me anyway,as all the other blogs have.Making your own choices, that’s
freedom…
May 31st, 2010 at 8:06 pm
how is the governments safe Act going to affect the note business?
June 1st, 2010 at 5:22 am
RUSS, I feel the same as you about the real estate market turn around.
I think the realestate market will remain
sragnatefor quite awhile longer because banks are reluctant to make new loans.
June 1st, 2010 at 10:33 am
I think you are completely right about the real estate market on home and property sales. But, not so much on note sales. People still can’t get money to property or notes. I still have not found anyone who wants to sell their notes. Or even harder now anyone (CPAs,Real Estate brokers/agents, or Title companies) who willing to help me with note holder info.
June 2nd, 2010 at 4:44 pm
Russ…in this business if the way to success gets dark and the path faulty and we stumble on in dismay… you put new life on the way to discouragement like a jewel to help see through the darkest hours.
And, Advanced Protege is a Jewel.
Thanks! R. H. Y.
June 2nd, 2010 at 11:50 pm
Thank you Russ, for the opportunity, the insight, the guidance. The entire country is in this challenge very much tied to the unemployment factor and the greed of a few. All of us need to focus on what we can and will do and the crises that as a nation we’ve triumphed in our past. None of it happened overnight, none were easy fixes, some of the victories brought us to where we are today. We all desire to be successful, respected, and able to care for ourselves and our families, and then extend ourselves out from there. I will make this happen, because I must make my investment work for me. In doing so, it will work for my neighborhood, my state, Dalbey Institute, and the country. I’ve not closed a deal, but I believe in the concept, and I am my future. God Bless Us All because when we move forward, we bring others with us, and the economy truly needs all of us.
June 3rd, 2010 at 8:41 am
Russ, I agree with your comments, the real estate business will remain stagnent for sometime. This means opportunities for us Note finders… Thanks! Raz
June 3rd, 2010 at 2:50 pm
I’m new to all this “note” business. I’ve searched several county courts in several states and all but one, which only showed land deeds, required to know the address and or names of persons involved in the transaction. None showed the ability to search by date. Can anyone advise?
Thx,
MBRN
June 5th, 2010 at 8:10 am
I have learn a lot from your emails and other things but I agree with one member.I not sure where to start on to get it going.I have try different ways.I am trying to find out what can work to start in this area.
June 7th, 2010 at 5:41 am
Russ; the recession is a long ways from being over. Home prices have basically been cut by way more then half it’s prices. Forclosures are still on the rise, everwhere. Tyhe tax credit may have worked for a few people, but not everyone, got a chance, or we’re not able4 to do the tax credit thing. Even some of the celebrities are looing their million dollars homes. The time is now people. God works wonders sometimes. All you need is patience and everything will fall into place. God bless, you and yours. Thank-you Gratefully Roy&Rose Hawkins
June 8th, 2010 at 12:55 am
Russ, I believe you are right on this one. Prices will continue to drop now that the short buying frenzy is over. I’ve noticed in the subdivision that I live in a few of the homeowners have signs on their front lawns that say “For Rent” and “FSBO – Owner Financing”. Oh Yeah, sounds like a potential note deal and I’m all over it.
June 12th, 2010 at 7:37 pm
My question is how can I take this and run with successfully in the note business?
Do you have people workingIn MAssachusetts.
Sirlei
July 14th, 2010 at 7:02 am
My brother lives in Fla and drives truck his company he works for has less than ever before shipping and more homes are for sale than ever before there.The home are going less than payed for just to sell them.I know in my area alone there is alot for sell but not a lot of buyers. In someway it is great for buyers to made a deal.
July 17th, 2010 at 7:30 am
Hi Russ, I have 2 potiencials my problem is these sellers are taking thier time sending me the note info. 1 client is a lawyer his english is not very good, a lawyer, and does’nt know any thing about giving me all the note info. WHATS MY APPROACH in this situation, comments please. I work digently on weekends every body is home.
July 24th, 2010 at 10:53 am
Russ, I think you are absolutely correct about the “dead cat bounce”. I’ve been watching home prices in my neck of the woods lately, and I’ve noticed the slump. But I can also see the opportunities in this slump for note buyers. If anything, opportunities for note buyers should go UP.
August 3rd, 2010 at 9:45 pm