When Foreclosurepedia announced, late last year, that there would be no foreclosures until 2022, many scoffed at the prospect. Our email inbox filled up with comments which, summarized, stated that I had become delusional. Lo and behold, here we are. And it was during that time that Foreclosurepedia began working with a few, select firms to create a pipeline between mortgage brokers, the financiers, and Labor. Turns out that, once again, Foreclosurepedia was ahead of the curve. And while our crystal ball is occasionally a bit opaque from the Scotch, the reality is that reading the tea leaves, on this side of the House, is rather elementary.
Here is how it works,
John and Jane Doe have equity in their home. They have been discussing buying a new home; however, the valuations are sky high and moving young Jonnie to a new school district isn’t really what they want to do. So, they speak with their local mortgage broker about getting a Home Equity Line of Credit (HELOC) or a FHA 203(k) to remodel the kitchen and get John his new Man Cave. And with interest rates ranging between 1.9% – 3% who could blame them? The reality is that for those within the Mortgage Field Services Industry, this is the ONLY game in town to turn a decent buck without the headaches normally associated with the Industry.
We have successfully developed a robust pipeline which brings in Realtors, Loan Officers, and Labor throughout most of the Sun Belt. To date, most of the rehabs are averaging between $35,000 – $50,000. The beauty on this is that there is no percentage being scraped off the top; this is real world money. More on point, though, most of these contracts are awarding half as down payment. In the fourth quarter of 2020, the average homeowner gained approximately $26,300 in equity during the past year. As the foreclosures have been shut down — and as the CFPB will codify in Regulation X a complete shut down through 2022 — the valuation of assets is anticipated to climb even more. To that point, the equity overall for SFR assets is off the charts — and that is one hell of a slice of the pie to go after!
The time is NOW to break away from the herd and begin staking out your claim for the new landscape. Below are a few options Foreclosurepedia offers. Regardless, stay safe, keep doing it right, and remember that Foreclosurepedia is always a Friend of Labor.
Custom Podcasting
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$Contact Us- One Stop Shop Recruitment
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Retainer
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