WHO THINKS THE SHORT-BUSINESS IS UPON US AGAIN, MARCH 28,2020. WHAT OPPORTUNITIES ARE UPON IN THE CURRENT CLIMATE.
Tags:
I think there will be an uptick in foreclosure once the forbearance plans end for borrowers and many of them remain unemployed or cannot afford the repayment plans, or qualify for modifications. I expect an uptick to play out within the next 8-12 months.
yes it is - will take 6 months to kick in though
There's definitely going to be more short sales. 16M laid off in 3 weeks? Many of those businesses won't survive let alone reopen. Which unfortunately will cause deeper financial and family problems, leading to more divorce and foreclosures. We're already seeing buyers wanting steeper discounts due to the uncertainty in the economy and market. It's going to be quite interesting.
Yes, I am seeing activity and much of the same. Lets stay tune and see if we can create some opportunites in a unknown correcting market.
I think there will be a resurgence of them...Kids- it feels good to be back :)
© 2024 Created by Short Sale Superstars LLC. Powered by
Short Sale Superstars, LLC and www.ShortSaleSuperstars.com does not endorse the real estate agents, loan officers, attorneys, real estate brokers and other participants listed on this site. These real estate profiles, blogs, blog entries and forums are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a short sale. Short Sale Superstars, LLC takes no responsibility for the content on these pages that are written by the members of this community.