Carleton Sheets Community

Loose credit standards in the last 5 years are beginning to affect other parts of our economy including residential construction and the stock market. Since 25% of mortgages carry adjustable rates Carleton's encourages you to take advantage of this unusual market condition and to look for vacant and rundown properties, find the owner and find out the details of the property. He notes your goal is to determine if it's in foreclosure but to be aware of negative equity that has become a huge issue with mortgages today. If the owner is upside down, contact the mortgage lender in the REO department to find out what they'll sell the property for. Banks may sell at a discount or a lower interest rate. Carleton emphasizes how this is a window of opportunity that will only last another 6-12 months so encourages investors to start investing.