Credit Scores Down Considerably Across The Nation
http://kevinandfred.com/short-sale-power-hour-introduction-from-the-beach-with-dreadlocks/
Kevin and Fred revisit the site of the first promo video for short sale power hour. Consumer credit scores are getting crushed, just like Coach Collard did in the promo video. Check out the link above to see Coach get crushed.
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About the Authors
Kevin Kauffman & Fred Weaver
Kevin and Fred the founders of Group 46:10. Over the last 10 years Kevin and Fred, and their team have closed tens of millions in real estate all over the country and have created some of the best training for agents in the market. Kevin and Fred are also highly sought after teachers whose work has helped agents all over the country build their own next level real estate business.
Hey Guys! Good Morning! I blogged about this yesterday, as a REALTOR that tries to CRUSH IT daily with short sales I think this type of information is critical to get out to my data base!
Love it Rachael! Keep it up. If you don’t mind, please share a link to your blog below and/or share some more of your thoughts on this topic. Would love to hear them!
Just a reminder….SUBPRIME wasn’t the original issue, the original ISSUE was the Alt-A loans… the in-between NICHE stuff, that got out of control… the wall street initiated mortgage-backed securities…Fred is right… 80/20s, SIVA, VISA, NINA, NINANE, No Doc, and bank statement programs…waiving W-2 requirements for stated, etc… .even NOO with all those characteristics.
Next wave of so-called SUBPRIME….FHA…they are going to get CRUSHED at a whole notha level in the next 3 years, based on all the bad loans they did for 3% and 3.5% down in the last 2-3 years.
Our economy works based on BORROWING, but no one wants to lend $$$$!
The opportunity you smell guys, it’s SELLER FINANCE! The only bank in town that can LEND in the subprime reality of today is the National Bank of SELLER!
Great work! Now, go work on the tans!
Or start a finance corporation called “Subprime Finance, LLC” =)
@Coach – You know I love ya but there are a LOT MORE opportunity that just seller finance if you’re coming from abundance…
I’m new to your website and lovin’ it. Mission Beach is the bomb and you guys are so great to broadcast from la la land! I love that place- it looks like a postcard all year round. Hey, when I heard about this nationwide credit score thing, I had the same ideas. Lending WILL HAVE to accomodate borrowers in the next few years for all these disenfranchised homeowners who have gone through short sales, foreclosures, and don’t forget the high rate of BK’s. All these folks need a place to live and still want to be homeowners and have a fresh start. That’s possible in our country! Credit repair and a better rating system for scores are in order here. Yup- sub- prime is not going away. Government can help make a difference with regs so corporations can’t bet on the failure of the sub prime loans for a profit. GREED…not GOOD.
Thanks for watching Jeri! Glad to have you on board. More importantly, thanks for posting and sharing your thoughts with us – we love it!!