Banks Foreclosing on BAD LOANS. (Millions in DEFAULT. Huge Discounts Coming.)
Foreclosure Surge is about to hit the US Housing Market. Millions in Default. The 2022 Housing Crash is about to get worse.
Foreclosure Starts are up by over 150% YoY as Banks are working through the Foreclosure Backlog built during the pandemic. These foreclosures are going to hit Housing Markets like Riverside, Phoenix, and Atlanta hardest.
One reason I believe these Foreclosure are going to be worse than anticipated is because of all the BAD LOANS across the US Housing Market. Homebuyer Downpayments have been consistently declining over the last 50 Years while Debt to Income Ratios have been rising. In fact - Homebuyers are putting less money down today than they were at the peak of the 2006 Subprime Bubble.
During the pandemic the US Government stopped these Defaults from turning into Foreclosures by enacting the Foreclosure Moratorium, which restricted Banks from foreclosing on defaulted borrowers. But now the Moratorium is gone, and there will be a wave of Homes that hit the market via Short Sale, Auction, and Pre-Foreclosure.
You can check Zillow to see the Foreclosure Listings in your area. Homes in Pre-Foreclosure have a Borrower that likely missed several mortgage payments. Some entrepreneurial real estate investors reach out to these owners directly to see buy the home off market at a discount. This can help the real estate investors secure a better deal than if the property goes to Foreclosure Auction.
The loans most likely to end up in Default are FHA, Investor, and 2nd Mortgages. The markets that have the highest concentration of these mortgages - and thereby the most Foreclosure Risk - include Riverside, Atlanta, Orlando, Las Vegas, and Phoenix.
---
JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Videvo. http://www.videvo.net/
#HousingCrash #Forelcosures
Видео Banks Foreclosing on BAD LOANS. (Millions in DEFAULT. Huge Discounts Coming.) канала Reventure Consulting
Foreclosure Starts are up by over 150% YoY as Banks are working through the Foreclosure Backlog built during the pandemic. These foreclosures are going to hit Housing Markets like Riverside, Phoenix, and Atlanta hardest.
One reason I believe these Foreclosure are going to be worse than anticipated is because of all the BAD LOANS across the US Housing Market. Homebuyer Downpayments have been consistently declining over the last 50 Years while Debt to Income Ratios have been rising. In fact - Homebuyers are putting less money down today than they were at the peak of the 2006 Subprime Bubble.
During the pandemic the US Government stopped these Defaults from turning into Foreclosures by enacting the Foreclosure Moratorium, which restricted Banks from foreclosing on defaulted borrowers. But now the Moratorium is gone, and there will be a wave of Homes that hit the market via Short Sale, Auction, and Pre-Foreclosure.
You can check Zillow to see the Foreclosure Listings in your area. Homes in Pre-Foreclosure have a Borrower that likely missed several mortgage payments. Some entrepreneurial real estate investors reach out to these owners directly to see buy the home off market at a discount. This can help the real estate investors secure a better deal than if the property goes to Foreclosure Auction.
The loans most likely to end up in Default are FHA, Investor, and 2nd Mortgages. The markets that have the highest concentration of these mortgages - and thereby the most Foreclosure Risk - include Riverside, Atlanta, Orlando, Las Vegas, and Phoenix.
---
JOIN as a Reventure CHANNEL MEMBER:
https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
INSTAGRAM: https://www.instagram.com/reventure_consulting/
TWITTER: https://twitter.com/nickgerli1
CONACT US: https://reventureconsulting.com/contacts/
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Videvo. http://www.videvo.net/
#HousingCrash #Forelcosures
Видео Banks Foreclosing on BAD LOANS. (Millions in DEFAULT. Huge Discounts Coming.) канала Reventure Consulting
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
Billionaire real estate investor warns US faces 'serious problems' unless this happensTop 10 Cities Where Home Prices will Crash (Record SURGE in Homes For Sale)Homebuilder WARNING: "Projects are Cancelled. No More Buyers"Zillow: "Home Prices DROPPING FAST" (in California and 5 Other Housing Markets)Merrick Garland made a 'big mistake': McCarthyA 'monetary reset' is coming; gold to play bigger role as U.S. dollar is dethroned - Maxime BernierStock Market SMART Money Is Losing Confidence Ahead Of BIG NEWS! [SPY, QQQ, TSLA, AAPL, DOW, IWM]Realtors Report MEGA DROP in Home Sales (Time to Panic. Especially in California.)Corporate Layoffs are EXPLODING (Walmart Issues 2022 Recession WARNING)The Fed's Recession WARNING: "Prepare for Economic Collapse"EMPTY HOMES are Piling Up (Housing Crash is BAD in these Cities)Wall Street CEO WARNING: Massive Layoffs are ComingThe ONCE IN A LIFETIME Opportunity To Build Wealth IS COMING...Home Prices DROPPING in 10 CITIESTHE FED JUST FLIPPED THE MARKET | Major Changes ExplainedWhy I'm Not Buying a House in 2022Mortgage Lenders are going BANKRUPT (2022 Housing Crash Just Got Worse)WORSE THAN 2008? This Housing Crash will have MEGA PRICE DROPSHomebuyers CANCEL Contracts (Price Cuts SURGE. Check Zillow.)