Real Estate Coaching Radio

Update on distressed property... -22 million jobs lost -Peak of Forbearance requests was March of 2020 when 8% of mortgages were in forbearance. -Averaging more coming OUT of Forbearance than going IN. -87% of Forbearances are successful -400,000 new ones expected to default plus 250,000 already in system = 650,000 total.  During housing crash there were 2 million total. Are you ready to join EXP REALTY? Choose Tim and Julie Harris as your sponsor! Text Tim directly 512-758-0206. Will there be an REO surge? -Not likely anytime soon. Why? -The market will easily absorb inventory, Fed Intervention, -equity. What about Short Sales? -Some short sales or a short sale like solution will arise but no time soon. -FHA borrowers are the most behind, most likely to go into default but also most likely to get government intervention. Also: regarding investors. In 2019 there were 250,000 fix and flips 10 to 12% of all transactions are investor purchases, 13 to 15 billion in volume yearly. Unlike the last time, the big opp