Clay Sparkman
As I have indicated recently, it seems that REO purchase opportunities have been tough for the little guys out there due to dominance of several ginormous buyers who are gobbling up everything they can get from the banks, I think there may be hope that this trend is beginning to shift.
The following article (“Investor appetite fuels Florida housing recovery”), which specifically targets Florida, lends credibility to this theory. And it seems to me that Florida has been a good early indicator of what to expect in the rest of the country.
http://www.housingwire.com/articles/26446-investor-appetite-fuels-florida-housing-recovery?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+housingwire%2FuOVI+%28HousingWire%29
So if you are frustrated by the lack of REO, rehab, short sale, and fix and flip borrowers (and assuming you work that market), there may well be a pickup soon in these types of loans coming across your desk.
As a matter of fact, I will go so far as to predict that indeed there will be such a shift.
Anyone out there have anything to contribute to this line of thought.
– Clay (clay@privatemoneysource.com, 503-476-2909)
Clay is Vice President of Fairfield Financial, a primary source for private money since 1964. Fairfield is currently targeting loans in OR, WA, AK, CA, CO, ID, FL, GA, ID, MT, NV, NY, OK and TX. To submit a loan to Fairfield for consideration, go here.
Tags: hard money borrowing, hard money brokering, hard money loans, private money borrowing, private money brokering, private money loans, Quick flip loans, rehab loans, REO funding, Short sales
