CNN has been having segments on the housing market crash of 2008. It has been 10 years since our last housing market collapse.
In this segment, CNN shows a video of President Bush in early 2000. Where the Bush administration is talking about homeownership and he was passing a law to help the first time home buyers achieve the goal of homeownership.
President Bush was doing a great thing. I remember those days. It was so easy for a first time home buyer to buy a home. There were real estate loan programs for first time home buyers; The first time home buyer could buy a home without any documentation of any kind. If your credit was good – high fico score. You were able to buy a home without proof of income, no tax returns, no bank statements. It was unbelievable.
Click the link below to see what they now say is what led to the housing market collapse of 2008.
CNN is now bringing segments of the real estate crash of 2008. Are you ready for the next housing market crash? I made more money than I had ever made cleaning out foreclosed homes.
Watch the video below and I will show the key steps to starting an REO foreclosure clean-out business.