OfflineThis story found at: http://www.realtor.org/RMODaily.nsf/pages/News2010041901?OpenDocument
The number of delinquent mortgages declined 8.6 percent in March, says LPS Applied Analytics, which tracks the performance of loans for investors. Totals also declined in February.
The biggest decline was in loans more than 30 days past due, which are now at about the same level as they were in spring 2008.
"We're not out of the woods, but this appears to be a turning point," says LPS Applied Analytics President Ted Jadlos. "This is the first time we've seen improvement across all stages of mortgage delinquency."
Source: The Wall Street Journal, Ruth Simon (04/19/2010)
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You should have shown more of the video or added a link
to watch more. She was very insiteful and a help to those who are still stuck in the same rut!
Enjoyed the video tremendously. I was very encouraged by Carol and I always seem to learn new ideas from her. Keep up the good work Carol!
I've been reading about a new second real estate bubble that many economists are saying will begin hitting in about 6 months and could last for another 3 years. They say that many housing prices will probably end up back where they started in 1996 before the big run up. A Trulia spokesperson says that the market could have another 10 million homes up for sale that includes a huge list of foreclosures the banks haven't released yet as well as what he called the "shadow market". This is essentially all the people who've been waiting for the market to show some improvement so they could list their houses for sale. This slight improvement may be the first sign of the emergence of the shadow market.
The good news is that as investors, we'll have a lot more deals cropping up at unbelievable discounts. There will be many more motivated sellers and great opportunities to pick up some properties for long term holding strategies.
Well, good luck to all in all our future deals!!
Rick
Rick Merritt
Trident Realty, LLC
Weak is he who permits his thoughts to control his actions; Strong is he who forces his actions to control his thoughts. --Og Mandino
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