Foreclosures auctions are up, and the housing market is uncertain based on the current and future mortgage interest rates. Today let's go over what I'm seeing in our current foreclosure listings. Just a few months ago, there were only a few foreclosures that were actually being published. But in this video, I'm going to show you the effects of the end of the moratorium and the CFPB borrower protection rules sunset. We're seeing a 10x in foreclosures coming to the market and I think that will soften up prices along with the fed raising interest rates. Let's take a look at the numbers and the state of the market together and how you can benefit.
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00:00- Intro
1:35 - The median sales price for houses has increase
3:00 - What are mortgage interest rates today
3:49 - Year over year increase in foreclosure starts is up 541% and forbearances are coming to an end
5:12 - What is the CFPB and what rules have they put on lenders
8:22 - What is a pre-foreclosure and how do we negotiate with sellers in pre-foreclosure
9:08 - How do you bid at a foreclosure auction
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#foreclosuresgoingup, #housingmarket, #howtobuyaforeclosure
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