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