Originally Posted by
Offshore-Wealth.com
Interesting,
I would not recommend purchasing mortgage paper in a down turning real estate market, and with the situation with dollar, there will be a ripple effect on confidence level of American's, so anthing with real estate is subjest to loss in value, so default rates will rise, hence, mortgages will go into default at a much higher rate, so you don't want to be stuck with any in my opinion.
If you want to take advantage of real estate, that is great, purchase all the forclosures you can, or tax liens which is the most profitable investment in properties. You can purchase tax liens are safe investment and can provide huge ROI with little risk, but stat away from real estate for another year or so, and this includes mortgages.
Good luck to all, Mike