Tuesday, April 15, 2008

Housing Update: The Worst is Still to Come

news excerpt:

AP
US Foreclosure Filings Jump in March
Tuesday April 15, 5:12 am ET
By J.W. Elphinstone, AP Business Writer
Foreclosure Filings Against US Homeowners Soar 57 Percent in March; Bank Repossessions Surge

The onslaught of homes facing foreclosures has yet to ebb, a research report showed Tuesday, with bank repossessions skyrocketing last month as more troubled homeowners mailed in their keys and walked away.

And the worst isn't over: the wave of adjustable-rate loans resetting to higher rates will crest in May and June. And that's expected to push more homeowners into default and foreclosure in the third and fourth quarters of this year, according to RealtyTrac Inc. of Irvine, Calif.
Click here for the full article
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More bad stats from March. And experts are still saying that the worst is yet to come. I know that I'm seeming more and more like the bearer of bad news, and believe me it's not on purpose. A lot of the news out there right now is pretty bad so it almost can't be helped. But I wanted to share this particular article because of it's relevance to Network Marketing.

You see, as the statistic goes, an extra couple hundred dollars a month can prevent a large portion of the foreclosures right now. So if more people knew about Network Marketing and how relatively simple it is to start earning an extra $200 to $500 dollars a month or more, how many people do you think we could help avoid forclosure?

I'd wager that the number would be pretty high.

For all the networkers out there reading this, we have in our hands the ability to help turn this recession around and save thousands of people across the country from financial disaster. For those who haven't yet looked into Network Marketing, there is no better financial insurance plan than a residual income that is secondary to what you make at your job. So take the time to educate yourself on Network Marketing and start building a more stable financial future for you and your loved ones.



Want to learn what I'm doing to generate extra income? Click here.

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