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Strategies & Market Trends : The Residential Real Estate Post-Crash Index-Moderated -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (28065)7/6/2011 2:09:10 PM
From: Broken_Clock1 Recommendation  Respond to of 119361
 
I don't know how it's working in Florida JV, but those venturing into REO world in Hawaii are coming in for some rude shocks.

"Hunt for immediate equity"

1. Prices still dropping.
2. MERS nightmare won't go away.
3. National title companies are backing away from MERS shady title transfers(i.e. "no TI for you!")
4. Title companies are now judging homes on a case by case basis and won't allow flips from 6 months to a year if you want TI.
5.Prices are lower in 6-12 months so the flip is dead.

Rents have started trending lower as more and more of J6P realizes they can live in their home for years without paying any of the overhead except utilities.

Title companies and asset cos. are saying the future is short sales. They get the owner to voluntarily sign off w/o exposing the flaws in MERS....



To: John Vosilla who wrote (28065)7/6/2011 2:11:32 PM
From: bentway  Respond to of 119361
 
That's some good advice. Although houses aren't selling in my hood, they rent almost as soon as someone puts up a sign. LOTS of distress sales. People who'd want to buy in my hood can't get a loan.


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