When the bank has a property mortgage in default they are required to reserve enough cash to cover that loan should the foreclosure go through and they aren’t able to recover their loan.
Filed under: Real Estate Industry News | Tagged: foreclosure investor, news, preforeclosures, real estate investment | Leave a Comment »
Foreclosure rates are skyrocketing, and this is merely the first wave of a credit crisis that’s been looming for the past three years.
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Smart investors are like palm trees, willing to be flexible with the changing winds.
Filed under: Real Estate Industry News | Tagged: investor, news, real estate investment, short sale | Leave a Comment »
