TCS Foreclosures,Investment Property Mortgages -
Foreclosures 'R' Us? If you've been involved in real estate investing for any length of time, chances are you have tried to obtain 100% investment property mortgages. If you have made the effort recently, you know that these 100% loans are becoming increasingly difficult, if not impossible to find. The reason is simple- these 100% investment property mortgages default at a much higher rate than most other types of mortgage, and the end result is often foreclosure.
This puts many investors in the unenviable position of 'motivated seller' and forces them to look for creative ways to unload their property, in many cases even phoning other investor's 'We Buy Houses' hotlines. These circumstances give rise to a vicious circle of investors, feeding off one another, giving the entire industry a black eye in the process.
These scenarios are being played out in cities across America (and also Australia), and investment property mortgages, particularly 100% loans, are taking a bad hit. Lenders are eliminatin
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