• Freddie and Fannie are clearly bankrupt but continue to get tax payer funding.
• Interest rates will have to move higher and government incentives have gone by the wayside.
• It is very difficult to get a mortgage right now, and most are coming in one form or another from the government agencies, which are in very bad shape.
• What really scares sellmyhouse.com, is the fact that there are so many foreclosures in the pipeline and default notices have increased over the last few months, not decreased.
• The supply side of the equation is about to be throw out of whack again, and that is never good for prices.

Preparing for this, if it does unfold as we suspect, will be about surviving the next year or so. Large inventory + low mortgage base = owner financing explosion. Only time will tell if we are correct but we began positioning for this a few months ago with our new website and service.

A recap and links provide the story:

1. Foreclosure Inventory = 103 Months
2. New Home Sales Still Ailing
3. Home Prices Fall in Major Cities
4. Despite Positive Signs in Housing, More Declines Expected
5. The Mortgage Problem Hasn’t Gone Away
6. Does Freddie Mac Deserve Another $10.6 Billion?
7. Fannie Mae: Where the Bankrupt Only Get More Bankrupt
8. The Disconcerting Truth About Fannie and Freddie Default Rates

SellMyHouse.com Staff Writer

Since 1995, the organization’s built by Jason Roberts and Scott Surgener have developed a reputation as one of the most trusted and respected real estate organizations in the business. Over the years, we have expanded into a national company and are considered to be one of the foremost experts in the real estate investment community investing primarily in distressed foreclosure properties while helping our clients stop foreclosure via short sale or quick sales via our investor network.

In early 2009, Mr Roberts was introduced to Michael Walker based in Atlanta, Georgia who has become an expert in the field of owner financing.  They quickly decided that due to current market conditions, there was a tremendous need for this service. SellMyHouse.com offers a national platform and service network while Mr. Walker brings the expertise of the specific owner financing niche. Last fall they began building the new website with the goal of national expansion via the SellMyHouse.com network this spring.

Jason Roberts, CEO of Merida Marketing Co Inc says, “The launch of the new website will help to expand this service to all corners of the country. This gives us a platform to advertise our investor and traditional seller properties to the thousands of buyers that go to any of our websites.” Mike Walker, developer behind www.builderleasepurchase.com explains, “There has never been a time in history where the surge in inventory has been trumped by the lack of lending options. We are very excited to be able to help buyers with good jobs and reasonable downpayment purchase a home at prices that havent been seen in ten years. We provide a solution to sellers who need to sell their house where a short sale is not an option and renting is not possible.”

OwnerFinanceHQ.com will focus on 2 facets of the business. First, we plan to use the website to inform buyers and sellers of the processes, pitfalls, and options related to the different seller financing options.

Next, we plan to display all of our seller financing properties on the website to make sure our buyers know which properties are considering some type of owner financing.

“Many buyers and sellers simply do not understand that this is a solution to their housing problems. Our job is to teach the public that there are alternative solutions, and if used properly, seller financing can be a real option,” Mr Roberts explains.

Expansion of the service into new markets will happen rapidly as the SellMyHouse.com Realtor and Investor networks are educated on the new service.