Ryan Thompson

Mortgage delinquencies of 60 or more days rose for the 12th straight quarter, hitting a record high 6.89% in Q409, according to market research by credit bureau TransUnion.

Click on the link for the entire story and heat map of delinquencies in the United States shown by state.

Link: http://budurl.com/vevd

Many home buyers are losing out on deals to cash buyers. What’s the reason for this and how long is this going to continue?

NOTE: This news release includes practical tips on how to stand out from the cash buyers without having to increase your price!

Link: http://www.philly.com/philly/business/personal_finance/021010_investors_vs_homebuyers.html

IndymacBank was seized by the FDIC in July of 2008. OneWest Bank acquired their assets (at a discount, obviously) in March of 2009.

Now the FDIC is covering 80% to 95% of losses due to short sale or foreclosure. OneWest Bank just can’t lose on this deal.

Now tell me if this doesn’t make your blood boil! And it gets worse!

Click below to watch the entire video.

Just like we’ve seen in the past with prime and option-arm loans going into default, we’ll see a new tidal wave of subprime and ALT-A loans.

This also means that FHA is changing the rules for purchases, making it harder to buy homes, and possibly making the problem even worse in the short-term.

Over the next few years, home prices could drop even more, making homes even cheaper to purchase. This upside-down home economy is causing more people to walk away from mortgages for those going into default.

When does this tumbling snowball hit the bottom of the mountain? Soon I hope!

As with all scary news, take this with a grain of salt. The sky is not falling. Life must go on – fear and trembling is to warn us of oncoming danger, not possess us. We’ll all be okay – really!

For all of us investors out there, let’s do what we do best – take action on these economic changes and fix the problems while making a handsome profit!

Here’s a link to the article:
http://beforeitsnews.com/story/16576/U.S._Economy_To_Be_Hit_By_Second_Wave_of_Mortgage_Defaults.html

Over $1.4 trillion in commercial real estate debt is expected to come due over the next three years. Many of these notes will be difficult if not impossible to refinance.

Lenders are already taking HUGE hits on these commercial foreclosures just to get them off their books and create liquidity to continue lending.

This is an AWESOME opportunity for real estate investors today. Commercial short sales is the next big thing in real estate. Paydays are big, and much easier to get than residential short sales.

Here’s a link to the article:
http://money.cnn.com/2010/02/04/news/companies/banks_commercial_real_estate/index.htm

Great news for Buyers, Sellers, Brokers, Lenders, and Real Estate Investors!

Today HUD has announced that it will temporarily remove its 90-day anti-Flipping rule and will allow FHA buyers to finance properties that have been recently purchased. This should any sales including REOs, short-sales, foreclosures, rehabs, etc.

This new rule will take effect on February 1, 2010 and will continue for one year or until further notice.

This will open up a whole new window of opportunity for everyone involved in real estate! I can’t wait to see what it brings to us for 2010.

Here’s a link to the article:
http://portal.hud.gov/portal/page/portal/HUD/press/press_releases_media_advisories/2010/HUDNo.10-011

2009 comes to an end. I hope your 2009 was successful and prosperous. May 2010 bring in many new opportunities and success stories!

How did 2009 treat you?

I just thought I’d wish everyone a Merry Christmas! Thanks to all of you who have read and commented on my blog this year.

Hey everyone. I have recently moved to the Charlotte area.

My first goal here is to network with other real estate investors and professionals.

If anyone here wants to join my wholesale property notification list, please visit my site at:
http://wholesalepropertyinvestments.com

Seeya next time!