Have you seen some of the headlines lately? "Foreclosures Fall to Lowest Level in Nearly 3 years."
Do you know why foreclosure filings are at a new low?
Do you think it's because foreclosures have gone away OR perhaps because lenders are now required to follow the rules and are no longer cutting corners (at least not as much as before)?
Would that mean that lenders are slowing down, making sure the i's are dotted and the t's are crossed before foreclosing?
Once the i's are dotted and the t's are crossed on the backlog of foreclosures, do you think the lenders will want to wait and hold on to the properties OR quickly dump them on the market to cut their losses?
So now that you've given it some thought...does waiting to compete with more and more supply and selling for less money really sound like a good financial decision?
Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/45682960
