You have got to read this article that was in the Orlando Sentinel earlier this week. Shaquille O'Neal is putting together a plan to buy mortgages going into foreclosure then selling the homes back to the owner with better financing terms. The idea is to help people that are losing their home because their interest rates are forcing them out. I am sure he is expecting to purchase the mortgages at a discount which will give him is profit margin. There are obviously issues with this, but at least he is willing to take the chance.
I say good for Shaq, and shame on the mortgage companies for not doing more of the same. Of course Shaq may get discouraged when he starts dealing with the mortgage companies.
ResultsforYou | Why Choose Me! | Staff Profiles | Free Home Valuation | Find A Home! | Rentals | Remax Difference | UCF Knights | Short Sale | Baldwin Park Condo | YouTube Videos | Gatlin Place | Conway | Zillow Search | First Time Buyer | Baldwin Park | Avalon Park | Twitter | House Hunters | Orlando Homes | VoicePad | SocialBio | First Time Buyers | For Buyers | Tell a Friend | Selling Your Home | Sold by David | My Featured Properties | Home | Applying for a Loan | Neighborhood Prices | 9 Steps to Owning | Site Map | 15 vs 30 Year Mtg Calc | Required Income Calc | Maximum Mortgage Calc | Rent vs Buy Calc | Mortgage Calculators | Request Industry Info | Your Dream Home | 9 Steps to Ownership | How to Sell Your Home | Staging Your Home | Reasons Homes Don't Sell | Be Accessible! | Buying Foreclosures/REO's | Home Price Index | Daily Rate Lock Advisory | Real Estate Optimist | Boca Raton Buyers | Cape Coral Buyers | Clearwater Buyers | Fort Myers Buyers | Jacksonville Buyers | Kissimmee Buyers | Miami Buyers | Naples Buyers | Orlando Buyers | Sarasota Buyers | Tampa Buyers | Boca Raton Sellers | Cape Coral Sellers | Clearwater Sellers | Fort Myers Sellers | Jacksonville Sellers | Kissimmee Sellers | Miami Sellers | Naples Sellers | Orlando Sellers | Sarasota Sellers | Tampa Sellers | Relocation | New Construction