Finding More Deals (Methodology)
Greetings! We've been reading the writing on the wall, and now we're navigating a changing real estate market. As foreclosure investors, we know that rising unemployment numbers and financial uncertainty are signs of a potential increase in the foreclosure market. Recently, we've been addressing the fallout from the virus outbreak and how our government is working to ease the burden for those citizens who are out of work due to COVID-19. Mortgage forbearance has stopped the foreclosure and eviction process throughout the country, so it would appear the primary source of our deals has been eliminated. Now, you could wait it out until the moratoriums have been lifted, or you could tap into other sources of deals in your area. We specialize in finding foreclosure deals, but as real estate professionals, it's important we be able to identify deals wherever they may present themselves. Listen up as Donny runs through resources you can access during this downturn in the foreclosure market to find deals now and into the future!
Here's a link to the article Donny mentioned in today's episode:
Home Lenders Brace For Up To 15 Million Mortgage Defaults