Those of us working in real estate just kind of shake our heads with the latest batch of news regarding foreclosures, bank problems, upset MBS investors, on and on.... Yes, it will eventually sort itself out, but many days it feels like that light at the end of the tunnel is just a bit dimmer and further away.
Much of the information about foreclosure moratoriums is filled with hyperbole from all sides. For a good explanation of the issues surrounding the latest bank problems, check out this video targeted mostly at real estate professionals:
Big risk in buying REOs
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