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Mortgage Workout Trend in the Market Place | International Residential Real Estate Investors Association
Tuesday January 23rd 2018

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Mortgage Workout Trend in the Market Place

Bank of America is one of a number of banks that are moving aggressively and are gaining administration support to renegotiate residential loans.  Many banks are outsourcing work to complete shortsales, negotiate principal down, selling notes (who will do the same), and generate cash flow, capital, and results for these institutions.

This is important news for investors as this should lead to an increase in opportunities, but also signals a likely firming up of value fundamentals throughout the market in my estimation.  We’ve long waited for a clear signal of the bottom and I believe this is it.

At the same time, debt for investor purchases will remain significantly constrained for  the foreseeable future.  Investors need to seek ways to limit their capital requirements that will not depend on bank debt or at least not bank debt from the largest banks.  I qualify with the largest banks, because of the very significant support that smaller community banks are likely to see in the coming months.

My view is that this is the time to complete and begin executing your investment plans.  Much inventory is about to change hands and as investors we need to find ways to participate profitably.

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  1. [New blog]: Mortgage Workout Trend in the Market Place http://bit.ly/9Tnc83

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