What will you do differently in 2023?

[Chris Seveney]

This question is open to all, as I am interested to see what adjustments people will make in 2023, especially as pricing will soften and rates will most likely remain above 4% and unemployment will increase?

As a note investor, we are continuing to hunt for new deals vs waiting for them to come to us. We have already mapped out our conferences for this year which looks very different than past years.

On asset management, we are adjusting our models to anticipate additional bankruptcies.

Vendor quality (attorneys and servicers) - absolutely need to be micromanaged and we are anticipating longer foreclosure timeframes. This will make us non competitive in several judicial states but there will be plenty of people making little $ in some states based on thes lengthier timeframes.