Wednesday, August 31, 2005

‘Become a Foreclosure Shark’

An Internet publication named Business 2.0, which touts itself as "The Playbook for a New Generation of Leaders," has a story up today headlined "8 Ways to Cash in on Real Estate, No Matter Where the Market Goes." The list is worth a look. Strategy No. 6, Become a Foreclosure Shark is sure to get some strong reactions from people. It quotes John Burley, one of the biggest players in the estimated $75 billion foreclosure business:
"People always believe some miracle is going to happen, that their house isn't going to be taken away," Burley says. "It doesn't happen. The houses are going to be lost either way — either to an auction or to me."
Find the entire article, written by Michael V. Copeland, Damon Darlin, Matt Smith, and G. Pascal Zachary at this link.

— The Boy in the Big Housing Bubble