Now’s the time to be a single-family investor

Future-Proof: Navigate Threats, Seize Opportunities at ICNY 2018 | Jan 22-26 at the Marriott Marquis, Times Square, New York

Trying to sell a home in a neighborhood where nobody is buying can be an extremely trying time for a seller. Foreclosures are on the rise, fueled by subprime loans that never should have been made and overeager investors betting on dreams of continued double-digit appreciation. Sadly, we are now feeling the results of too much credit chasing poor or borderline borrowers. Yet people who default on their homes still need a place to live, and many of them are well-meaning consumers who hold down decent jobs. While they have shown they are not able to pay the huge monthly payments that come with high-interest-rate loans, they are capable of paying a fair monthly housing expense. Three years ago, Tom DiMercurio, a veteran of 37 years in the foreclosure business, was the first to label and predict a "foreclosure tsunami" for several areas of the country. While he says many markets have yet to hit rock bottom, he also believes this is a great time for long-term investors to begin...