How to Wholesale Foreclosed Homes in 2022 (Deal Example)

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3 years ago
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According to MoneyWatch: The number of active foreclosures (this is when the foreclosure process has begun on a seriously delinquent loan, but it has yet to be completed and liquidated) edged up by more than 7,000 in March — the first year-over-year increase in almost 10 years, according to mortgage technology, data and analytics provider Black Knight. Secondly, more than 78,000 U.S. properties had a foreclosure filing during the first quarter of 2022, which is up 39% from the previous quarter and up 132% from a year ago, according to real-estate analytics company ATTOM. And third, serious mortgage delinquencies — those 90 or more days past due — are 70% higher than they were pre-pandemic, according to Black Knight. PINK TV is the ONLY channel dedicated to bringing you the latest trends and real-life testimonials from non-traditional real estate investing strategies.

What does this mean for investors?? It means the market is ripe to target pre-foreclosures and foreclosures and flip them for a big profit. Scott explains how in this video.

#Foreclosure #RealEstateInvesting #HousingMarket

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