Is there a wave of foreclosures coming to the market? How do you buy foreclosures? Can you really buy foreclosures cheap? What is the downside of buying a foreclosure? In this video, we discuss the new law in California that would make buying foreclosed homes easier for owner occupant buyers when competing against investors as well as the pros and cons of buying a foreclosure.
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Articles referenced in this video:
➜➜SB-1079 Residential property: foreclosure – https://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200SB1079
Other Articles on the foreclosure and eviction moratorium:
➜➜FHFA Extends Foreclosure and REO Eviction Moratoriums – https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Extends-Foreclosure-and-REO-Eviction-Moratoriums.aspx
➜➜FHA EXTENDS FORECLOSURE AND EVICTION MORATORIUM FOR HOMEOWNERS THROUGH YEAR END –https://www.hud.gov/press/press_releases_media_advisories/HUD_No_20_134
➜➜COVID-19 Tenant Relief Act –
I hope this housing market 2021 update provides you with insight on the potential foreclosure and eviction wave that is supposedly coming and what you consider if you are thinking of buying a foreclosure
Please let me know your thoughts below: what are your predictions for the housing market 2021 forecast and the housing market 2021 california? Do you believe there is a foreclosure wave coming after the moratorium ends? After watching this video, do you believe there is a real estate bubble or a housing market crash 2021 coming?
Jeb Smith (Huntington Beach Realtor/orange county real estate)
Coldwell Banker Realty
✔I N S T A G R A M ➳ https://www.instagram.com/jebsmith
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