Sub Prime lending is back... as Non Prime loans

09/03/18 • 37 min

Real Estate Realities With The RebelBroker

That's right, Non Prime loans might be a new name, but it is the same old problem

Both private and government backed lenders have been at it for a while. We have explored all the various ways bad lending has been creeping back into the financial world. Sadly, it has been this way for several years now. But now, we have reached a more critical mass where the practice appears to be getting a more common usage. This is not good. We are simply priming the lending pump for another downturn and the market is ripe for it. Sub prime loans or non prime loans end with the same thing, a economic meltdown that is likely to dwarf what we saw in 2007.

That's right, Non Prime loans might be a new name, but it is the same old problem

Previous Episode

Foreclosures, are they back?

The places with the biggest increases in foreclosures will blow your mind!

Are we seeing a resurgence of foreclosures? The data shows that in about 44% of metro areas, we are. We have talked a lot about pivot points in markets and where to find them. Well, I would absolutely call an increase in foreclosures a pivot point! In fact, right here on this show we speculated years ago that the bad lending practices we began to embrace about 6 years ago would come back to bite us in exactly this way. It sounds like we might have just been pretty close to right. While it is interesting that we are seeing this increase, it is some of the specific areas we are seeing it that is most revealing. I am willing to be that some of the areas that are at the top of this list will blow you away! So tune in for our discussion of the recent increase in foreclosures. Today Links:

https://www.attomdata.com/news/market-trends/foreclosures/july-2018-u-s-foreclosure-market-report/

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#babyboomer, #realestate, #foreclosure,#foreclosures

Next Episode

The BIGGEST trick real estate agents use to get you to say "YES"!

What is the biggest trick real estate agents use when working with clients? We will discuss that today!

For those of you that have been listening to my show for a while, you know that I take a slightly different approach. In terms of what I consider to be the "Right" way to do things, the current dominant attitude in real estate just does not make the cut. Today, we are going to reveal the greatest weapon that real estate agents will bring out to get you to make an emotional rather than a rational decision. It is a tool that is taught by EVERYONE in real estate. On its own, it is not a bad thing. To one degree or another, we all do it every day. However, when this tool is taken to the degree that you embrace the 'small deception' - which is standard operating procedure in the world of real estate - you are crossing a line that leads to an attitude that too easily can brush the truth aside for more and more critical issues - which is a bad thing. Now you see what I did there? I have teased the point of todays show hard. I am told that this is the way to write show notes! So consider yourself teased! I will not only lay out what this tool is and how it is used against you, but how you should counter it so that you can get what you deserve from your chosen real estate professional. Oh, and for all you real estate agents out there, we will chat about how you can still use this technique, just not be a lying butt head about it.

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#realestate,#lies,#listing,#salestechniques