So if you see a foreclosure, it's not a typical thing, and the people involved are not typical. 

There's a post right above mine from a lender... there's always a lender offering $$$ even when people can't afford it. 

I'd love to share insight of the Birmingham market and see where most people are investing in Birmingham and the surrounding areas. 

Fewer people can afford to buy when prices are high, increasing demand for rentals and driving up rents.

I find single ADUs are mostly being added by people with minimal RE investment experience often without a clue as to the value that will be added by the adu addition.  

I don’t have a problem paying a couple grand to remove some of the just figure it out stage of learning and utilizing expertise of people that already do it. 

Similar to what Patrick stated - most have ITINs and have seen a lot of loans like that and those are sold many times on secondary market. if not I know people who still originate I would say they are tougher to sell on secondary market but there are still buyersRe: jay comment - price of notes has doubled over past five years on many loans - especially defaulted or loans with some hair too them. 

Did you know before it happened, that new regulations were coming regarding condominiums that now makes a large number of people both regret buying and now not being able to afford the  payments on the "great deal" they bought a while back?

Many many many people.

Think about it, why do people do Airbnb........make more money, however they have higher vacancy rates, and more management required.