Foreclosures are on the rise—what does this mean for the market?
How will the rise in foreclosures affect the housing market in 2022? Some people see it as an opportunity, and they’re right. However, there are a few things you need to know about foreclosures in today’s market if you plan on investing in a foreclosed property.
Feel free to watch the full explanation or use these timestamps to browse specific topics at your leisure:
0:00 — Introduction
1:57 — Foreclosures are up 187%, but that statistic doesn’t tell the full story
2:26 — The rise in foreclosures means we’re in a changing market
3:29 — 90% of the foreclosed homes today have equity
4:52 — Wrapping up
If you have questions about this topic or anything real estate related, call or email me. I’d love to connect with you!