Effects of bailout on preforeclosure investors

i’m surprised nobody has mentioned this yet. i’m curious what you think.

how will this bailout affect those of us investing in preforeclosures. i myself am dealing primarily with shortsales…will these decline dramtically?

…your thoughts

I don’t see a dramatic decrease coming. Some percentage will refi, but only certain folks will qualify. The coming defaults on Alt-A borrowers is supposed to dwarf the sub-primes. Also, the rising unemployment rate will affect borrowers of all types. The Govies do not have the means to do much to slow the coming wave.

Chris Smith

who is elgible? that is what i’m trying to find out. i’m hoping to advise homeowners i speak with because so far many people are in the dark and “hoping”