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Non-Tech : Investing in Real Estate - Creative Opportunities
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To: tejek who wrote (2382)8/26/2014 12:40:11 PM
From: John Vosilla   of 2722
 
Another big trend: The people who are buying distressed homes are paying for them in cash. Almost half of bank-owned sales were cash purchases (49 percent). Home-owners who sold their homes during the foreclosure process in Q2 sold them to all-cash buyers most of the time (61 percent). Almost every home sold in an auction foreclosure was paid for in cash (96 percent).



That big trend started when credit really froze up six years ago. We are probably in the late innings as an easing of credit is a certainty. Hearing we are already in a subprime auto loan boom of epic proportions
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