Foreclosure activity is estimated that this year will include about 2 million subprime loans resetting over the next 12 months in the USA.
Florida is in the top 10 states with this type of high activity. While this surge of foreclosed properties is full of doom for many homeowners, it also provides the best opportunity for new home buyers and investors in acquiring real estate.
Our government has passed the Mortgage Relief Act, in an effort to help troubled homeowners with some debt relief. This plan allow sellers to sell their homes by means of a short sale without receiving a Form 1099 for the Deficiency ( this is the difference between what they owed to the lender for their home and what the lender received from a short sale). 
Who qualifies: Primary homeowners facing difficult times because of job loss, divorce or separation, medical bills, business failure, adjustable rate mortgage reset, or similar reasons and they owe more than their house is worth.
How can you benefit: Educate yourself on the foreclosure and short sale proceedings, educate your sellers of their options. Homeowners knowing that they will not be penalized for the shortage of debt and taxes may in itself be a very attractive and motivating reason why they would do business with you in helping with the foreclosure proceedings and short sale process.
Take advantage of the Mortgage Relief Act now, help someone and make some money. The Act is retroactive from January 1, 2007 and will last until December 31, 2009.  
Just remember that most of the wealth in Real Estate is made in a slow market. So this is the time we have been waiting for. The most important thing you need to do is become knowledgeable of this opportunity, learn what and how to do and act on it and if you need assistance seek someone with experience. This great window of opportunity will not be forever. The time to act is now!
To get more info on how to acquire houses with no money down, NO cash, NO credit and NO experience and Short Sales look us up at the Hispanic Investors IRC Subgroup meeting. The February 27 meeting will be held at the Apartment Association Building in Maitland at 6:30 to 8:30pm. Axel Lopez  and Jonathan Rivera, R-Homes lead the Hispanic Investors Resource Center SubGroup.

Axel Lopez is an author, speaker, marketing consultant and real estate investor. You are welcome to call 321-442-8211 or email  This e-mail address is being protected from spam bots, you need JavaScript enabled to view it for further information.