*Short Sale flips are tougher to do than ever.
There simply aren’t enough people who can get
bank loans to "cash you out" once you get your s
hort sale approval from the bank. Plus title
companies are very strict on disclosing back to
back flips to both the "A" and "C" lenders.
Anyone who’s an active short sale flipper
knows this is getting tougher to do.
*Rehab flips are tougher to do than ever. Title
problems and "robo-signing" scandals have tainted
the title to many properties and caused uncertainty
about the quality of title when buying an REO. Plus
end buyers for rehabs need bank loans and 28% of
them are being declined for loans.
*Buyers must have a 700+ credit score on average to
qualify for a FHA loan plus a down payment. This
means there are less buyer’s to "cash you out"
using FHA loans.
*Most leads that you will generate into your real
estate business will be houses with little or no
equity. So if you are an "equity" wholesaler you
will have trouble getting "equity" leads in 2011.
My prediction is that this is just 5% of the deals
I'll do in 2011.
*80 -100 million people – roughly 30% of our entire
population cannot qualify for a traditional bank loan.
Cool thing is there's a "golden opportunity" that's
been created because of tighter bank lending standards.
*Credit is tightening in the 2nd half of 2011, not
loosening, according to Inside Mortgage Finance magazine.
*11 million home owners have no equity according to CoreLogic.
*Another 16 million have very little equity.
They are 90% - 100% leveraged.
*52% of all HAMP loan modifications "fall out" within
6 months. Just ask Obama. He knows.
So where are the investment opportunities in 2nd half
of 2011? What can you do about this and still be a
successful investor in 2011?
Do you want to sell your home successfully in 2011?
The answer: Think out of the Box and go where the money is and diversify into
strategies that do not require banks at all. That is is if want to be successful at buying or selling!
American Eagle Realty, we are a realty company not a legal firm, we can help with all of your real estate needs including foreclosure. American Eagle Realty can help you with solid answers about your rights and options before your house is foreclosed on! We are experts in the Short Sale Process and have the experience needed to work with your bank! Loan Mods, too. Contact us we can help, We have helped others we can help you...
Whether you want buy, rent, or sell a home we can assist you. Commercial Property Too!
We can help you sale your home through your Owner Financing and help you find a buyer!
American Eagle Realty
www.american-eagle-realty.com
502-969-1801
