The Coming Age of Network Marketing

Not every company struggles during a recession, in particular Network Marketing companies. They actually work best when during hard times by, enjoying high gross margins, low capital investments, and what's even better a lot of easy income.

It doesn't matter if you have never been successful in Network Marketing, or never even tried to be part of one, now is the time to get in and succeed in this new business like never before. People's minds at this moment are opened to opportunities designed to crank out extra streams of income into their bank accounts to support their current lifestyle(s). If they are not worried about losing their job, they're certainly worried about it downgrading.

"MLM will be the only hope for the little guy in America. Protect the American Dream!"

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How Bad will it Get?

In congressional testimony last month Michael Barr, the Treasury Department's assistant secretary for financial institutions, said more than 6 million families could face foreclosure over the next three years.

There are more than 6,600 home foreclosure filings per day.

Nearly two million foreclosures already this year

Every 13 seconds in America, there is another foreclosure filing.

People are no longer defaulting simply because of a change in the payment structure of their loan. They are defaulting because of lost jobs or reduced hours or pay.

Celia Chen of Moody's Economy.com says nationwide home prices won't regain the peak levels they reached in 2006 until 2020.

Top 10 Foreclosure States

1. Navada: Rate: One in every 62 households
   
2. Florida: Rate: One in every 140 households
   
3. California: Rate: One in every 144 households
   
4. Arizona: Rate: One in every 150 households
   
5. Michigan: Rate: One in every 234 households
   
6. Idaho: Rate: One in every 241 households
   
7. Utah: Rate: One in every 282 households
   
8. Colorado: Rate: One in every 329 households
   
9. Illinois: Rate: One in every 401 households
   
10. Georgia Rate: One in every 332 households
    

Current Foreclosure Picture

Report from the GOA:

Approximately 1.6 million of the 14.4 million nonprime loans originated from 2000 through 2007 had completed the foreclosure process as of March 31, 2009. Of the 5.2 million loans that were still active at the end of March--that is, that had not been prepaid or completed the foreclosure process--almost one-quarter were seriously delinquent, meaning they were either 90 or more days behind in payments or already in the foreclosure process. As a result, hundreds of thousands of additional nonprime borrowers are at risk of losing their homes in the near future. Within the subprime market segment, about 28 percent of active loans were seriously delinquent, and within the active Alt-A segment, the serious delinquency rate was about 17 percent. Within both segments, serious delinquency rates were even higher for certain adjustable-rate mortgages (ARM). The rates varied widely by location. At the state level, California, Florida, Illinois, Massachusetts, Nevada, and New Jersey had the highest rates as of March 31, 2009. Among active Alt-A loans, almost all (98 percent) of the loans that were seriously delinquent as of March 31, 2009, were from the 2004 through 2007 cohorts. Likewise, 93 percent of the loans that had completed the foreclosure process as of that date were from those cohorts.