Federal Reserve Chairman Ben Bernanke and other policymakers were warned that rising mortgage foreclosures are likely to get worse, as the central bank on Thursday reported the slowest pace of loan growth in four years. The Denver Post reports with an article that can be read by clicking here.
What does this mean for you, as a Real Estate Investor? Well in this investor's opinion, it means that there's no better time to begin focusing on PreForeclosures.
The foreclosure epidemic that is sweeping across the country, according to Bernanke, is only going to get worse. As an investor, you need to be able to offer your prospects a number of options to stop foreclosure.
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