Episode #118

The next foreclosure wave is already brewing. Over the past few years, monetary moves and rash home buying decisions were made that could cause even more foreclosures to hit the market. The question is, which markets will face the most foreclosures, and how low will prices go? But that’s not all; foreclosure competition has started to spike as a new type of buyer enters the market for these deeply discounted properties.

And if you want to know about foreclosures, discounted properties, and data on the markets with the biggest price cuts, Daren Blomquist from Auction.com is your man. As VP of Market Economics, Daren knows where the foreclosure market is moving before the masses do. In this episode, he gives his take on the next “wave” of foreclosures that could be headed our way, when it will hit, and the investing areas already feeling the effects.

Daren also talks about the unexpected buyers entering the foreclosure market and how they could put investors at the back of the line for discounted deals. And if you’re in this specific state, prepare for your properties to be placed at open auction, as investors are forced to wait to acquire the foreclosure properties they rightfully won. Make no mistake; there are MANY deals out there for investors, but competition could start to heat up fast!

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Twitter: @darenjblomquist or https://twitter.com/darenjblomquist
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Show notes at: https://www.biggerpockets.com/blog/on-the-market-118?utm_source=youtube&utm_medium=description&utm_campaign=none


00:00 Intro

03:34 Buyers Bounce Back

10:09 Foreclosures Are On the Rise

17:42 Could Another Foreclosure Crisis Come?

21:01 Markets With the Deepest Discounts

27:48 New Laws to Stop Investors

34:44 Housing Market Predictions

39:01 Connect with Daren!