Want to Earn 20 – 50% more from the sale of Your Home?
Government bailouts are making it possible for people to sell their homes and make 20 – 50% more on the price than what the market is offering. For many people this can help them get out from underwater on their mortgages. The federal bailout of banks is making this possible. In some cases people are even able to unload their homes at prices not seen since before the real estate bubble.
That might be welcome news to people witnessing a rate of existing home sales that just dropped in January nationwide. It might also be welcome news because existing home sales prices dropped in January from from $199,800 in January 08 to $170,300 in January 09 (down from $175,700 in December 08 the month before).
So how might those people sell their home at $199,800 or even $210,000 instead of taking in $170,300?
What’s the Catch????
They have to sell their home back to the bank. Its called foreclosure. 
For a person that paid $240,000 for a home in 07, and financed $210,000 through the bank only to watch their home go under water when the market price dropped to $170,300 last month, they may have no other choice.
If they happen to be lucky enough to still have a job but are being relocated, they may not be able to afford to pay out $40,300 to pay off their mortgage, even if they can find a REAL buyer that will pay $170,300 for their home. Not to mention the $13,000 in realtor fees, and $4k in closing costs.
Just giving their house back to the bank (that is getting bailed out by the government with billions of dollars) may be their only option.
Sure Barack Obama’s plan might enable them to refinance at 2% a month and shave $8k off their mortgage principal, but that still leaves them underwater by more than $32k on a house they have to move away from just to keep their job!
The government has engineered a market where the best option for homeowners is foreclosure. That’s not hope you can believe in, that’s a nightmare come true.
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[...] More and more homeowners that are underwater are realizing that their only real option is to sell their home to the highest bidder, their bank holding the mortgage. [...]