Tuesday, February 24, 2009

The Effect of Bail Out Money on Short Sales


President Obama said something interesting tonight in his State of the Union message concerning bad loans. He said the government is going to help those who have been "responsible". What he means by the word responsible remains to be seen. One thing I think we can all count on is there will be plenty of Short Sales to go around if the government is NOT going to bail out the irresponsible. Also there is a huge number of investors in trouble and so far no promise that they'll enjoy any bailout money. Once the full effect of housing aid is realized I think things are going to move very fast for those with the knowledge and willing to do Short Sales.

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