The Wave of Distressed Real Estate is Only Months Away
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Jay Olshonsky: And keep in mind, this can be a bank, this can be a CMBS servicer, this can be a private debt holder. This can be a mortgage REIT. This can be all kinds of different people holding that paper who will ultimately have to make a decision. Now so, I also think a lot of them are thinking, should we sell the actual notes of the properties and not go through the foreclosure? That, again, would delay the process. So that's how I kind of come up with my, let's say, 12, 6 to 18 months is sort of the range when some of these properties will start happening. Now, add one more thing. In the United States, most of the courts have been closed, so, if you're going to go the eviction route, or the foreclosure route, you're going to have to get in line. Will the seemingly inevitable wave of distressed real estate assets hit the market soon? Watch this to find out. Visit the GowerCrowd website for masses of free real estate syndication and investing resources and training: https://bit.ly/31pWtSx