Negativity Equity not Subprime loans has caused the Foreclosure Crisis! Don't be deceived
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!
So who is this deal killing, file losing, savage beast lurking on the otherside of your your 45 minute wait on hold? Surprisingly not who or what most realtors think!
So before I go any further, i want you to get every Friday the 13th nightmare story that realtors have told you about loss mitigators out of your mind and hear the gospel truth.
If you know the truth about your loss mitigator you will understand how they operate, why they operate they operate the way they do, and most importantly, use this understanding close a higher percentage of your deals. So lets get to work!
1st things 1st: The Real Demographic of a Loss Mitigator
I am about to reveal the true demographic of your average loss mitigator hired by the bank.
Hey this is Aubrey Kipp, and I want to personally thank you for visiting my blog. So, here’s the bottom line. The country is in economic turmoil, the financial markets are in a frenzy, millions of homeowners are facing foreclosure and you and I have 2 choices.
What are they…?
Choice #1. Do Nothing.
We can take the low road and make excuses, point fingers and ultimately do nothing. If this is you mantra this blog may not be for you. Most Realtors have already made this decision.
Choice #2. Become the Solution.
We can take the high road and become apart of the solution that will turn the nation back around, restore order to the credit markets, and most importantly save every possible homeowner out of foreclosure that we possibly can.
Aubrey is an active real estate investor, broker, and short sale mentor whose focus is to save every family possible from foreclosure. Over the last year, he has become one of the nation’s premier authorities in the short sale business and continues to buy and sell short sale and pre-foreclosure properties throughout the greater Orlando and Central Florida...read more »
