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Zombie Foreclosures on the Upswing

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More U.S. homes fall into vacant zombie foreclosure realm in third quarter of 2020. ATTOM Data Solutions’ third quarter 2020 Vacant Property and Zombie Foreclosure Report revealed that 1,570,265 residential properties in the U.S. are vacant. That’s 1.6% of all homes. The report analyzespublicly recorded real estate data collected by ATTOM Data Solutions, including foreclosure status, equity and owner-occupancy status, matched against monthly updated vacancy data. The third quarter analysis

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Committed to the Vision

“Once you’re in, it’s hard to break out.” “What a long, strange trip it’s been.” Those two phrases have stuck with me throughout my career. Granted, one is more of a cliché and the other is a lyric from the famous Grateful Dead song “Truckin’.” But they are both relevant as I reflect on my default mortgage and distressed real estate journey, which began when I was about 7 years

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Valuation Options for Lending

As an alternative to traditional appraisals, faster and cheaper valuation options are available to keep your pipeline flowing and your confidence high. In this day in age, where time is of the essence and deals can be completed in a matter of days rather than weeks, there is still one part of the process that can hit a snag rather frequently: Full appraisals can take time and are expensive. However,

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Real Estate Investing Outlook

What’s the industry look like for the fourth quarter of 2020 and beyond? Heading into the fourth quarter of 2020 is the perfect time to evaluate what impact, if any, the pandemic has had on the real estate industry as well as predict what investors should be prepared for as this tumultuous year comes to a close. Is the Housing Market Recovering? Let’s get right to the question that so

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Mortgage Forbearance: A Sign of the Times?

Why the COVID-19 pandemic might not lead to a wave of foreclosures The U.S. economy dropped by almost 32% in the second quarter of 2020, leading 55 million Americans to file for unemployment. Under normal circumstances, the disastrous economic consequences of the COVID-19 pandemic would lead to a massive wave of foreclosures. But if anything is true of 2020, it’s this: The phrase “under normal circumstances” simply doesn’t apply. Historically,

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Should You Invest in Single-Family Rentals in 2020?

As Americans consider the need for more space, demand for single-family rentals will likely remain strong. Real estate investing requires capital, patience and discipline. It is a sound way to build wealth, but it is not for the faint of heart. Capital Capital is needed both to make the initial investment in a single-family property and to maintain it.  Are you planning to purchase a property outright or to finance

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