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Updated over 4 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Minneapolis, MN
  • Member since Aug 28, 2019
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Lender
  • from Minneapolis, MN
  • Member since Aug 28, 2019
Connect
Account Closed
  • Lender
  • Minneapolis, MN
16
Votes |
34
Posts
Buying & Selling Real Estate

Foreclosure Market Skyrocketing 2021???

Account Closed
  • Lender
  • Minneapolis, MN
Posted

Just read an article that this may be the calm before the storm on the foreclosure market, with record lows this previous month.  do we think this is the time to buy now, with extremely low mortgage rates?  Or will it be better to wait until foreclosures begin to rise and REOs become a hot buy again? Or is it still the same way it's always been: that at any time, and in any situation, you can find a good deal and just keep fishing?

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Jonathan Barr's profile image
Jonathan Barr's profile image
Jonathan Barr
  • Rental Property Investor
  • from Los Angeles
  • Member since Dec 7, 2019
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User Stats

144
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101
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Jonathan Barr's profile image
Jonathan Barr's profile image
Jonathan Barr
  • Rental Property Investor
  • from Los Angeles
  • Member since Dec 7, 2019
Connect
Jonathan Barr
  • Rental Property Investor
  • Los Angeles
101
Votes |
144
Posts
Jonathan Barr
  • Rental Property Investor
  • Los Angeles
Replied

there will definitely be an uptick in foreclosures but like @Andrew McGibbon nothing like we saw 10 years ago.   Don't systematic loan issues we had last time around.

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