If you have not downloaded my latest report on the 7 Deadly Sins of Short Sales, stop right now and make sure you download immediately and READ it in its entirety! I will save your short sale life.

You know that I will always give you the straight up truth right?  Well here is the latest revelation of the foreclosure crisis.  We  have been told by the main stream media for months going on years that the cause of the mortgage meltdown and real estate market collapse was sub-prime loans.  Well some new studies by the good folks at the Wall Street Journal have proven this notion false.  Data from the Mortgage Bankers Association (MBA) reveals that foreclosures resulting from PRIME loans grew 488% as compared to a growth rate of 200% from SUBPRIME loans.  Did you understand what you just read?  That means all of the commentary from the main stream media has been wrong.

The report further reveals that 51% of all foreclosed homes had PRIME not SUBPRIME loans, but wait it gets worst!

According to the chart below foreclosures as a result of mortgage rate resets (directly related to subprime) represent the lowest cause of foreclosure.  Do you see what the No. 1 cause is?  Yes, negative equity.  In plain terms being “upside down” in the mortgage is causing more foreclosures than anything else.

So what does all this mean?  In my business I am noticing a growing trend of homeowners who are “walking away” from their homes because they “owe too much” and they don’t see any possible way to ever be right side up in the mortgage before they die.  This is a harsh but sad reality.  This ground trend agrees with the data from the MBA.  The homes are so far under water that the attachment to the property is cut by the overwhelming debt load and a steady free fall drop in home values.

The Solution: Short Sales and a Ton more of them.

In my short sale business I am tasked with creating equity out of thin air, saving homeowners from the damaging effects of foreclosure.  It is analogous to righting a ship that would otherwise capsize in the waves of foreclosure and bad mortgage debt.   Watch the video to the left and you will see what I mean!  This is what I do for a living!

There you have a glimpse into my short sale business. So you haven’t called me yet? Let’s start saving a multitude of homeowners today.

Aubrey Kipp, Investor
OrlandoShortSale.TV