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With their Head Office in Brisbane,Queensland and working with one of America’s largest real estate brokers focusing on bank owned quality properties in upwardly mobile residential areas, USA Foreclosures Pty Ltd is creating a win win by facilitating cash rich Australian investors to buy cheap American real estate and reduce the Banks’ balance sheet of foreclosed properties in return for very substantial yields. One such member of the USA Foreclosures team is a man who has seen it all, Dennis Dickstein, a 40 year (3rd generation) Michigan real estate agent, who is more aware than anybody of the incredible once in a lifetime opportunity 2012/13 brings in the form of bank owned foreclosed real estate. The state of Michigan was absolutely crucified by the GFC (Comerica Banks Michigan Economic Activity Index rose to a level of 98 in 2012 63 percent above the index low of 60 in 2009), it has a huge dependency on the Motor Car industry which in 2007/8 had been decimated only to be bailed out by the US government. Such properties are now being given away by banks desperate to lighten their balance sheets for $50,000 with annual rental incomes of $10,000.
IDEAL FOR SELF MANAGED SUPER Phillip Gerathy who has spent a lifetime in the Financial industry said, This is a once in a generation opportunity for Australians to invest.
His company Austplan USA Pty Ltd was the first model of what would ultimately become USA Foreclosures Pty Ltd.
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Source: (usa foreclosures) http://www.prweb.com/releases/2012/4/prweb9420677.htm