Don't Want to Work Foreclosures or Short Sales? Well . . . you had better start rethinking your game plan.
Disclaimer: I know that many agents are doing quite well in certain areas of the United States and Canada, despite the recession and problems with the current economic climate. However, for those agents who are having trouble putting lots of deals into their pipeline, check out this chart:
This chart shows the sub-prime Option Arm resets in billions of dollars that are coming our way. I've seen lots of statistics about percentages of individuals having trouble making payments on their loan modifications. You have probably even met clients who are considering short sale, only if they cannot work out their loan modification. Besides all of those individuals, there are more on the way. This chart makes a very compelling argument for getting into the foreclosure/pre-foreclosure business.
What do you think? Are you game?
Comments(4)