Baltimore Real Estate Investing Blog

Ned Carey's Comments on Real Estate Investing, Business and Finance

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Should Banks Foreclose or Modify?

January 4th, 2012 · 2 Comments

The guys in the video below are fun to watch and high energy.  They are of the mind that modifications only prolong the housing troubles. They say more foreclosures short run, will get us back to a stable market faster.

So the question for you is “Should banks increase foreclosures and increase the short term housing market problems? Or should they “Extend and Pretend” at the risk of keeping housing in trouble for years to come? Leave a comment with your ideas.

 Are More Foreclosures Coming?

Whatever your point of view, the indication is that buying bank owned properties will will be  a key opportunity for some time to come.  Learn the best strategies to buy Bank Owned Property Here.
More about Bank owned properties and REO investing here

Happy investing – Ned

Tags: real estate

2 responses so far ↓

  • 1 Bethany (1 comments.) // Jan 9, 2012 at 1:19 pm

    Happy to see you posting again in 2012, Ned! This is a great topic to kick off the new year, something we all need to be thinking about.

  • 2 Jason Homes (4 comments.) // Feb 6, 2012 at 6:32 am

    Banks should increase foreclosures so it will get us back to a stable market faster instead of prolonging housing problems.

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