Breaking Housing News: Nearly 10% Of ALL Mortgages NOT Being Paid…2010, Trouble Ahead?
We love CNBC’s Diana Olick…why?
She doesn’t spin…she tells it like it is and isn’t trying to be PC. In our opinion she is the only high profile mainstream reporter that is actually…reporting! (I have a feeling she will place high on this years HREU 100 Most Important People In Real Estate list…which will be released soon)
Here are a few of the high points of today’s video:
* 1 out of 8 homeowners are in trouble.
* 9.97% of loans are delinquent.
* 3%+ of all mortgages are now delinquent.
Agents, here is the question you need to be answer…are YOU ready to become a REO Listing Agent? Literally millions of bank owned homes will need listed and sold over the next few years. Do this…watch the FREE Agent REO Secrets video and then download the FREE How-To List REOs book.
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Great information! I feel it’s only going to get worse.
[...] entire U.S. Financial System is in question. Commercial mortgage delinquencies continue to rise. CNBC just reported that 9.97% of home loans are now delinquent. It’s predicted in 2010 that a housing crash looms as we will reach shadow inventory of 7 [...]
Chad….noticed your URL….you will want to look into the LDPD…Luxury Distressed Property Designation. IF you are currently enrolled in that class…or have already taken it..use the designation.Here is the link:
http://harrisrealestateuniversity.com/classes.html