Vulture Capital

BY: ART SEABORNE
01/15/08


Depending on which side of the table you are on will determine how you see the future opportunities in Florida real estate. "In the midst of Chaos lie the Greatest Opportunities." We are working on creating a new $50 Million Dollar Vulture Capital Fund to take advantage of the Florida real estate foreclosures that will be made available by the many lenders that cannot solve this growing problem. "Foreclosures" and "Vulture Capital" don't have to be dirty words. There wouldn't be any foreclosures if banks would simply work with its customers to see how to modify monthly loan payments that people could afford even if just for the short term. Foreclosures cost lenders thousands of dollars and upsets families during this process. Many divorces are a direct result of money problems and once a person starts missing mortgage payments they immediately start down a slippery slope of ruining their credit scores and making it nearly impossible to refinance their mortgage, then they simply give up. Lenders have gone through this many times before and they are the ones who have created all the exotic types of loans that many people don't understand until it's too late. Everything is fine until it isn't. A good person who loses a job and stops making mortgage paymests starts the process. A foreclosed property is not necessarily a bad piece of real estate. Foreclosure is a people problem not a property problem. The opportunity will be found by some investors that understand this process and knows the real value of the property. This is what we do at Southeast Capital. Visit us at www.southeastcapital.net
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