As of March 2021, about two-thirds of homeowners who signed up for some type of mortgage forbearance during the Covid-19 pandemic have exited the programs, according to new research from the New York Federal Reserve.
Only 35% of borrowers, or about 2.2 million homeowners, who signed up for forbearance remain in these programs, the New York Fed found. But those who remain in forbearance typically have lower credit scores and live in lower-income neighborhoods, making them more susceptible to losing their homes when these programs end later this year.
Join Lou Brown as he talks about the latest figures and how they can impact your real estate investments.
Timestamps:
0:01 - Introduction - “Mortgage Defaults Are Running Rampant”
0:52 - Lou’s wins of the week
3:17 - Ask Lou anything about the real estate business
4:01 - Trends on today’s real estate market
6:15 - Mortgage delinquency rates in the U.S. from 2000 to 4th quarter 2020
7:31 - Mortgage Delinquency rates and Unemployment rates
8:53 - FHA Mortgage Delinquency Rates
11:25 - 10 Metros Most Threatened by FHA Mortgage Delinquency Rates
13:08 - No reason not to buy a property now
14:29 - Now is the time to get ready for the upcoming market
14:38 - Aug 27th, 28th & 29th in Pittsburgh, Pennsylvania - https://www.MillionaireJumpStart.com - Learn the best entity in the market
21:01 - Should I be saving money for this fall (in prices) to happen?
23:17 - Cost to Sell Worksheet
24:28 - Flattening the Real Estate curve
25:55 - Millionaire Jumpstart success stories
30:10 - Lou’s words of wisdom: Get out there and take advantage of this great market that we are in right now
If you are JUST getting started in real estate investing, you NEED to attend my ONE-DAY virtual training. I teach it LIVE over ZOOM, and it's only $1 (yes, one dollar) for SIX HOURS of solid how-to training! https://www.wealthbuilderworkshop.online
If you're ready for a more in-depth experience, then you owe it to yourself to investigate my THREE- DAY Millionaire Jumpstart Event. I host it four times a year in various locations, and you can attend LIVE and in person. I'll be your coach all three days.
Find out more at https://millionairejumpstart.com/
You'll discover how to start investing in real estate (or do it easier and more profitably) at either Wealth Builder Workshop or Millionaire Jumpstart.
Need help deciding which power-packed "one-of-a-kind" training on making money in real estate investing is best for you!
Call 1-800-578-8580 or visit us online at https://www.streetsmartinvestor.com
Visit our YouTube Channel: https://www.youtube.com/user/StreetSmartInvestor
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