The economy has been traumatized in much of America, particularly Democrat run areas where it is much worse. Keeping people out of business is a democratic strategy as it is somehow good for the people. I’m not sure how it is good for the common people, but I will take their word for it. Or perhaps they work for the elites and the hyper-educated who are more than happy to watch the common man starve.
In any case, there will be a huge boom in foreclosures when the courts open up for this type of case. If you have never done one, or never done a Deed in Lieu, it might be time to learn.
The housing market has gone down a little, but for some reason still has not crashed. If it does crash badly I might purchase something, somewhere, somehow. Not sure how!
The economy will crash. Inevitable. Dems are printing and spending too much money. Inflation’s coming.
Deeds in Lieu? You betcha. I remember every detail as I once had to sign for myself. Ouch. I suggest the foreclosure market in Florida may help the industry. Those under water may be able to market direct for resale. Even if the appraisals come in low, I would not doubt those fleeing poorly governed cities and states will be willing to cough up the extra cash.
There are literally no re-sales on the market under $400,000 in my rural area.
Developers have the bulldozers out and are stripping the land to put in cement and wood boxes. Way too fast for many.
Comment by Mary — March 31, 2021 @ 6:31 pm
DILss are slowly picking-up. Hzve done four this past month.
Comment by Robert Ruston — March 31, 2021 @ 10:37 pm
Great article
Comment by Jackie Brown — November 26, 2021 @ 4:20 pm
I have been a mortgage field inspector for the past 16 yrs. During the foreclosure moratorium, the houses that were already in pre-foreclosure and foreclosure were put on hold. Those properties were not able to do a Deed on Lieu of foreclosure, or a loan mod. Those are the properties that are now back being inspected. I have not received any new properties since the moratorium has been lifted. DS News is a factual webpage with information regarding the housing market and foreclosure market.
Comment by Pamela Jo Montez — November 26, 2021 @ 4:58 pm
Great article. Thank you.
Comment by Shamina — November 28, 2021 @ 6:50 am