Skip to content

Real Estate Business Success

Real Estate

Menu
  • Homeownership Craters
  • Lowball Appraisals?
  • Related Real Estate Sites
  • Tidal Wave Of Foreclosures on the Horizon
Menu
b3

Tidal Wave Of Foreclosures on the Horizon

Posted on October 30, 2022 by daniel

Bank of America faces many more problems with its mortgages. These problems stem mainly from the acquisition of Countrywide.

Seventeen loans were subject to independent review and seven had “material underwriting defects”. This is a failure by the bankers or underwriters to conduct proper due diligence.

Many states have seen foreclosure proceedings halted or slowed down. This has been widely reported. Just recently, I saw the story of a man who lived in his home for five years and never made any payments.

We are now a nation of many squatters.

The guillotine will not be kept up indefinitely. The days are running out for execution.

Some foreclosure proceedings are already resuming. Many more are likely to follow in the near future.

It’s a great time for real estate agents. A buyer’s agent is a great choice.

These deals are also great for real-estate agents.

The coming tsunami of foreclosures will open up huge opportunities for those who don’t have a license and are looking to move around or make investments.

Get started now. Do your research now to be ready for when those deals come up.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Miami's Housing Saviors

    Miami's Housing Saviors

    October 30, 2022
  • Jobs Bill Hijinks

    Jobs Bill Hijinks

    October 30, 2022
  • Related Real Estate Sites

    Related Real Estate Sites

    October 30, 2022
  • Lowball Appraisals?

    Lowball Appraisals?

    October 30, 2022
  • Robert Kyosaki, Author of "Rich Dad and Poor Dad", Vigorously Buys Apartment Complexes

    Robert Kyosaki, Author of "Rich Dad and Poor Dad", Vigorously Buys Apartment Complexes

    October 30, 2022
October 2022
M T W T F S S
 12
3456789
10111213141516
17181920212223
24252627282930
31  
     

Recent Comments

No comments to show.

Archives

  • October 2022

Categories

  • Real Estate
© 2023 Real Estate Business Success | Powered by Superbs Personal Blog theme