We are predicting an overall increase in foreclosures this summer. We are already seeing increases in new foreclosures (properties never before in foreclosure).
We are seeing more Reverse-Mortgage foreclosures every day, which present great opportunities to buy from families who need cash to settle their financial needs.
We know how to spot these, and we can teach you what to look for on our website.
With interest rates low and values up, this is the perfect time to flip houses.
The lenders will be pushing delinquent properties to auction this summer with discounts to attract cash buyers.
Also, the "modifications" have a failure rate of around 80%, and these are now showing up as default notices every day,
That means that the borrowers who got them are coming back into foreclosure and the lenders are unwilling to give them more time or another modification.
These properties have a long history, and our website has that history, as far back as 2008.
We can teach you how to research that history on our website.
Note that the underlying problem, that many people just can't afford the loans they have, has not changed at all in the last 6 years.
Over 70% of the population has been just getting by, paycheck to paycheck, and if we have another negative GDP quarter like we did in Q1 we will be in a recession.
All it takes is one family financial crisis event to tip a property on the edge into default. This can be an automobile accident, a lost job, or a medical crisis.
Families run into crisis events all the time, but today they just don't have the credit, spendable equity, or cash available to get through it like they could 10 years ago.
Many will simply have to give up their properties and go back to renting. This will add a whole new group to the foreclosure lists.
Someone will need to buy that property and someone will be a landlord to that rental tenant.
This should create a perfect storm for investors this summer, with opportunities to make offers, buy notes, and bid at auction.
Our clients are getting deals a variety of ways, many are just making offers, and it will only get better for investors as the weeks go by.
You should know that timing is important, and we are looking at a very important time to invest where everything is coming together this summer.
No one knows the foreclosure market segment like Kurt does.
If you want to be ready to strike while the iron is hot, he can answer that need.
You should be excited about what is to come, and we can help you stay excited!