GET BACK IN THE GAME...THIS IS HOW WE DID REAL ESTATE BEFORE

People who look at the real estate market as being a "BUST' is a little off base. I always say that
when you put too much air in a balloon it's going to burst, but that doesn't take way the fact that it is a balloon when manange properly.The real estate market was stretch too far beyond its limits and now we are see the results of the "BUST".Even though it was "stretched' and eventually bust, business is still being conducted as usaual before the collapse started. In pre-collapse the requirements for purchasing a home was:
       1. Have a job, income that can substantiate the home.
       2. Have good to great credit.
       3. Have money to put down or better yet have enough to put down and pay your closing cost.
This is what the house buying process was before. Now what led up to the bust was:
       1. You didn't need a good to great credit.
       2. You didn't need a down payment or closing cost money..this led to 100% financing, 2
           payment loans etc.
       3. Get as many co-signers as you can get to help you sign off on the purchase or just to pre-qualify.
       4. Banks turned their heads and signed off on these loans buyers couldn't afford.

So if your a buyer... a "SERIOUS BUYER" who has the wherewithall to buy a home or an investment property get back in the game and capitalize on the LOW INTEREST RATES and LOW HOUSE PRICES... The market will turn itself around dont miss out.