A LOT of people are about to be on the streets very soon [UNCLE INTEL]
lets just say I have an Uncle that is an appraiser who just did the first appraisal for the new string of federal foreclosures since CØVID. The scamdemic not only forced people to stay home but legislation was created to keep landlords from evicting; they were given the option to push back payments at an immensely inflated intrest rate so most of the landlords stuck it out in hopes things would change; thus causing a MASSIVE AMOUNT of government issued forclosures.
This is where things get bad.
the federal institution in charge of ALL GOVERNMENT HOUSING LOANS ("HUD"Housing & Urban Development) changed the federal foreclosure laws (CWCOT on the HUD website) which in turn:
-Changed entire foreclosure the process from 6monthes to 45days.
-allows the mortgagee to sell foreclosed loans directly to institutional investors like BLACKROCK/VANGUARD without going on the market first.
You will own nothing, and be happy...
Californians leaving in droves, selling above market. Then their properties being turned to rental, and, gov putting illegals in, then, paying the rent with our tax money...
We missed all this by the skin of our teeth - we sold our rental in Houston, in April 2020.
