[Anonymous]

Anonymous

There were 2 houses in one of my farm areas that have foreclosure stickers on the window.

I was thinking it’s my fault because I was too busy with crewealth & internet marketing stuff that I was not being as aggressive with my marketing as I should have been.
( not that I can get them all of course)

But I did a little research about them both and discovered that about 3 months before the foreclosures, the owners did a refinance ( probably to pull out a ton of cash)
then I bet they never made a payment.

Perhaps it was their game plan all along to get their equity then run instead of risking waiting 6 – 7 – 8 months to try to find a buyer and giving part of their equity to a realtor.

That hole is plugged now. But I wonder how often that scenario happened before the market changed so much.