Get UNLIMITED access to property owner phone numbers and contact information with DealMachine: https://www.dealmachine.com/BPYouTube
Mortgage delinquencies surge by 100%, and your local YouTube crash predictor is telling you that another 2008 housing market is right around the corner. Is this the truth, and if so, where’s all the housing inventory that comes from rising mortgage defaults, delinquencies, and foreclosures? Investing and mortgage experts Christian Bachelder and David Greene are here to separate the hype from the housing market facts as we dive into the effects of mortgage delinquencies doubling.
Back in 2008, when delinquencies reached a record high, homes were selling for dimes on the dollar at auction. Now, with rising mortgage rates and a slowing economy, homeowners are starting to feel more financial pressure—pressure that could lead to them losing their homes. But with rock-bottom housing inventory levels and more demand than supply, what’s stopping dire homeowners from selling their properties on the market for a higher price? On this Mortgage Monday, we’re getting into it all, plus how to stop YOUR properties from falling into delinquency.
Instantly find contact information for property owners, hassle-free, with DealMachine: https://www.dealmachine.com/BPYouTube
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Get Your Finances in Check with David’s New Book, “Pillars of Wealth”:
https://store.biggerpockets.com/products/pillars-of-wealth?utm_source=youtube&utm_medium=description&utm_campaign=none
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Foreclosures Are Rising Quickly, and CRE Delinquencies Are Exploding—What’s Going On?
https://www.biggerpockets.com/blog/foreclosures-rising-and-commercial-delinquencies-increasing-q1-2024?utm_source=youtube&utm_medium=description&utm_campaign=none
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Foreclosure Activity Increased in 2023—But What Do the Numbers Mean for Investors?
https://www.biggerpockets.com/blog/foreclosure-activity-increased-in-2023?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Christian and David on BiggerPockets:
Christian: https://www.biggerpockets.com/users/christianb79?utm_source=youtube&utm_medium=description&utm_campaign=none
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
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Follow Christian and David on Instagram:
Christian: @the_one_broker or https://www.instagram.com/the_one_broker/
David: @davidgreene24 or https://www.instagram.com/davidgreene24/
00:00 Mortgage Delinquencies Up 100%
00:48 Sponsor: DealMachine!
01:34 he Truth About Delinquencies
03:51 Will Housing Inventory Rise?
05:44 Tips to Avoid Delinquency
08:49 Always Be Prepared for This
11:28 What’s Your Take?
