Ed Macias, Miami FL-REO Property Management Multifamily  (Real Estate Teammates)

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John McCormack, CRS
Albuquerque Homes Realty - Albuquerque, NM
Honesty, Integrity, Results, Experienced. HIRE Me!

Not in our area.

Jun 12, 2015 09:47 PM
Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Ed, I read few articles indicating foreclosures slowly increasing.

Jun 12, 2015 01:29 PM
Rainmaker
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Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

I have been predicting this for months and many have refused to believe me.

This next round of distressed activity could be worse than '08.

Jun 13, 2015 12:00 AM
Rainer
148,989
James Brockway
Brockway Realty, LLC - League City, TX

A lot of the measures taken during the recession to help borrowers avoid foreclosure were "temporary".  That timeframe could be starting to wear off, with interests rates on those loans returning to higher levels.  If borrowers can't make the new higher payments, I could see foreclosures coming.  I also remember hearing during the recession that banks didn't want to foreclose on all their bad loans at once, so they could manage their income statement.  So if that first wave of foreclosures is over with, banks might be working on foreclosing on the next wave of delinquent borrowers.

Jun 12, 2015 11:51 PM
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Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 yes, this is the link check your place;

http://activerain.com/blogsview/4684677/more-than-half-of-underwater-homeowners-are-nowhere-near-re-surfacing

Jun 13, 2015 02:03 AM
Rainmaker
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Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Ah yes, the shadow inventory....

I hear lots of things but believing everything(or anything) I hear or read is something very different.

 

Jun 13, 2015 01:17 AM
Rainmaker
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Roy Kelley
Retired - Gaithersburg, MD

I do not think that will be true in our market. 

Jun 12, 2015 11:09 PM
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Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

Good morning Ed. There will be an uptick in some areas of the country, but nothing as major as what went on a few years ago.

Make it a great weekend!

Jun 12, 2015 07:22 PM
Rainmaker
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

Good morning Ed. I had to stop by to see the answers. It will be interesting to see.

Jun 12, 2015 06:44 PM
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Evelyn Johnston
Friends & Neighbors Real Estate - Elkhart, IN
The People You Know, Like and Trust!

No, I haven't heard that.  The REO Agents in our market are begging for work.

Jun 12, 2015 02:49 PM
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Troy Erickson AZ Realtor (602) 295-6807
HomeSmart - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Ed - I wonder if these initiatives have any opportunity to be extended. I know the government has done this with other programs that have helped during the housing crisis.

Jun 12, 2015 02:39 PM
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Jack Lewitz
Exit Strategy Realty - Evanston, IL

In my area the numbers are way down and not looking like it's going to change but I could be wrong 

Jun 12, 2015 12:44 PM
Rainmaker
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Kevin J. May
Florida Supreme Realty - Hobe Sound, FL
Serving the Treasure & Paradise Coasts of Florida

I must not be reading the same statistics Ed. It looked as if another 30% drop occurred in their numbers year over year and the total is well under the 2% mark.

Jun 12, 2015 12:22 PM
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Chris and Dick Dovorany
Homes for Sale in Naples, Bonita Springs and Estero, Florida - Naples, FL
Broker/Associate at Premiere Plus Realty

Thankfully, no.

Jun 13, 2015 11:49 AM
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Jeff Pearl
RE/MAX Distinctive / LIC in VA - Lovettsville, VA
Full Service Full Time Realtor

I've heard that will be true in some areas. Many people have been living in their homes for several months without making payments, yet lenders have held off foreclosing on them. In some cases, they won't have any choice now, because the homes have been abandonded.

Jun 13, 2015 10:44 AM
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Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Not here

Apr 27, 2018 05:49 AM
Rainmaker
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William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Not in my area...Values are on the rise so the few left to re-fi are able to now.

Jun 13, 2015 01:11 PM
Rainmaker
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Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

No, but I Hope you are right!

Jun 13, 2015 10:04 AM
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Ed Macias - well, like anything else, Real Estate is cyclic - so if that happens, I am not surprised. Though not heard of it - on the contrary, I hear that it will be going down for at least couple of years.

Jun 13, 2015 04:28 AM
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Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

I've read this as a result of the 10 year HELOC resets coming up.  Though, I'm not sure if it will actually increase the foreclosure numbers by any significant percentage.

Jun 13, 2015 03:32 AM
Rainmaker
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Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I have not heard of it.

Jun 13, 2015 03:25 AM
Rainmaker
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Spirit Messingham
Tierra Antigua Realty - Tucson, AZ
Third Generation Full-Time Realtor® 520 471-6900

I have been hearing that for years, when instead they have been consistently been going down here in Tucson, AZ.   People for some reason tend to think all the banks are working together, and holding onto the foreclosures.  In reality, most single banks dont even know what their other hands are doing, to think all the banks working together on anything that large scale, is laughable to me.   If we do have more REO, great.  If not, that is ok too.  They are not for everyone and not in every price range either.  Since I have no control over it, ok with it either way.

Jun 13, 2015 03:00 AM
Rainmaker
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Stefan Winter
Real Estate in IL & NV | Owner of Real Estate Web Tech | Daily Vlogger - Las Vegas, NV
Owner - Winter Group & Real Estate Web Tech

I think we have another 2 years or so before that happens again. Some people do say sooner, and I have heard it.

Jun 13, 2015 02:43 AM