Are we there yet???

It is a question that is on everyone's mind. "Are we at a bottom yet?" The answer that I've heard for years now from most Realtors, Brokers and the Media is..."Not yet, but next year will be better."

So with next year just a few weeks away we asked Kirk Nace for his take..."The AVERAGE loan in foreclosure (not yet foreclosed on) has been delinquent 631 days!!! Set aside all the nonsense NAR, your politicians and others tell you and simply consider how long it will take to get caught up at this pace! As I have shared for several years now, the bottom of the housing market nationally will NOT occur before the 2nd half of 2016 at the absolute earliest!!!"

Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/45507581/

Yep, it's going to be better by the weekend...right?

New filings mean more supply hitting the market approximately 30-36 months from now.

Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/44885244

Only 858 days for banks to foreclose...

By now I'm sure you've heard stories of people living in their homes for free, without making a mortgage payment to their lender, for months if not years.

Click on the title above or the link below to review the entire AARP article.
http://www.aarp.org/money/credit-loans-debt/info-09-2011/foreclosed-and-paying-no-mortgage.1.html

New mortgage foreclosure notices jump to highest level in 4+ years...

3.5 million homes that should be foreclosed on and aren't even in the pipeline yet (that's another entire year of supply). Yep, sounds like a bottom to the housing market is here...NOT!

For sometime now, Kirk Nace has been sharing that the US Housing market will not hit a bottom before 4Q 2015. Looks like he has been wrong, as it won't occur until at least the second half of 2016.


Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/44529477

Half of US homes effectively under water!!!

We contacted national analyst and consultant Kirk Nace for his take on this new report, "This is, has been and will continue to be an ongoing downward spiral for as long as politicians continue to tack on band aid after band aid. As I have shared with clients for many years, the key to a true bottom remains the government completely getting totally out of the housing market. No more backstops, no more artificially low interest rates, no more low and no money down programs. Simply stop, prices will correct another 20-25% overnight and create a true bottom. The alternative that our elected officials seem hell bent on creating is to cause even more pain spread over an even longer period of time. There will be more pain to come, dragging it out over an indefinite period of time only prolongs the length of time before healing can begin." Said Nace in his typical non apologetic manner.


Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/45209336

Foreclosure rain delay ending...

We asked Kirk Nace, real estate consultant and owner of the best crystal ball in the business, his thoughts on this article..."here they come, get ready because there will be more distressed properties over the next 5 years than over the past 5 years! But if you've been paying attention to what we've been sharing you have known this and you have positioned yourself to profit accordingly." Nace said.

Click on the title above or the link below to review the entire CNBC article.
http://www.cnbc.com/id/45240073

No Rise Until 2020???? Are you serious??

Yep, probably. If you read this entire article, “No Rise in Home Prices Until 2020: Bankers” it sounds like a big F*** YOU to all the sellers who’ve been patiently waiting for the “market to get better”. If I had a penny for every time I heard that, I’d have a lot of pennies! I even hear it from other real estate agents – I hear them TELL folks things all the time. Such as “it’s a great time to buy and it’s a great time to sell”, all in the same breath. And of course, this is because their mindset is solely on themselves and how they’re going to feed their family – i.e. the commission they will make from telling you what to do because their livelihood depends upon it.

But take a closer look at that article, and you’ll realize we (RORG) have been sharing this for years. Actually, my partner Kirk Nace has been sharing this for years, which is why we are now partners. His analysis is the most accurate and in depth from anything I’ve seen. And now I get to share it with you – what it means, where the opportunities are, how you can maximize on the potential, and how you can use that analysis to your benefit. If you go back through this site, Smashed Feet, you will find news articles and Nace's analysis, sharing this EXACT concept. The problem is - very few have been willing to accept the reality.

The law of supply and demand is much like the law of gravity – it exists even if you choose to ignore it. So is this article a surprise?? There’s more supply than demand – simple. What does more supply and less demand do to prices?

Do you need to maximize your equity preservation in your property? We can and will purchase it, at whatever number you want. We can and will show you how that might not be the best choice. We can and will show you the options you have. We can and will find the maximum dollars available for your property in 10-20 days. We can and will bring you several offers, typically above the listing price, in that 10-20 days.

You always have a choice. You can contact the agents (about 97% of them) that will tell you what you want to hear; heck, I’ll even refer you TO those agents. (You’re welcome for the referrals, agents!) … OR you can contact us if you want different results.

So why haven’t you called us yet? Maybe the market needs to beat you up a little more … The choice is yours.

Get in touch at www.lesliebriskman.com ...