Great news for SDVG investors! Derrick D. Neal, President and CEO of Superior Development commented, "the Lease Purchase program will become a very popular way to sell or buy a house because of the meltdown in the subprime mortgage lending market, which is causing the housing market to struggle as well." The Lease Purchase program allows consumers to lease and occupy the home while having a contract to purchase the property for a set amount at a predetermined time in the future.
This is certainly another company for investors to watch closely! Mr. Neal also said that, "the benefits of the Lease Purchase program for consumers are tremendous" and some of these benefits include:
-- Minimum cash may be required up front. Sometimes buyers with credit
problems will benefit from this purchase method, this method affords
consumers time to repair less-than-stellar credit before purchasing the
home.
-- Home buying power is increased, by giving consumers the ability to
purchase using this alternative method.
-- Consumers have faster equity growth than renting and than with
conventional financing. Some of the rental or option money is working
towards the purchase. A lower down payment at closing since consumers will
have option money or rental credits to apply. By the time a consumer
purchase, prices may have appreciated beyond the locked-in price, giving
consumers additional equity when they eventually buy or sell.
-- With a lease purchase, consumers may skip paying closing costs,
traditional down payment and other fees normally found in a purchase using
conventional mortgages.
-- With a lease purchase, our consumers will have no taxes or property
insurance to pay, which allows them to buy a larger home.
Mr. Neal also commented that, "the Lease Purchase program is right in line with our affordable housing plans and the Company should see significant results once the program is fully implemented."
Before the news was released, the stock closed Tuesday at
For Stock Market Alert's in-depth profile of Superior Development, visit http://www.wallstreettradingalerts.com/SDVG032007.html
Superior Development Group, Inc. is a publicly traded multi-faceted real
estate development Company that primarily develops affordable single and
multifamily housing communities. The Company operates through subsidiaries
that purchase raw land or undervalued properties, improves them and profits
from the investment through development fees, sales income or rental
income. In addition to prospective real estate housing opportunities
Superior Development has also entered into the business of Resort Hotel and
Casino business with the planned acquisition of Triad Resorts, LLC, a
Other Stocks of interest yesterday were:
Citigroup Inc. (NYSE: C) up 1.1% on 16.4 million shares traded. Citigroup is one of the leading global financial services companies.
Lowe's Companies, Inc. (NYSE: LOW) up 0.5% on 8 million shares traded. Lowe's Companies, Inc. are one of the largest home improvement retailers in the world.
D.R. Horton, Inc. (NYSE: DHI) down 0.09% on 4.2 million shares traded.
D.R. Horton, Inc. is one of the largest homebuilders in the
Wall Street Enews is a Sponsor of Quality Stocks. Quality Stocks tracks the stock picks of 150 Investment Newsletters every day and reports on their performance. For Their Free Service, Visit www.qualitystocks.net.
The advertisement is provided by Wall Street Enews, a division of Stock
Market Alerts LLC, an electronic broadcaster and publisher of this release,
and hereafter referred to as "the company." The company received
compensation for services performed for Superior Development Group, Inc.,
(PINKSHEETS: SDVG). The compensation was
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