Do you remember the 2007/2008 housing market crash? I do, because I was selling real estate during that time. I did countless short sales, had tons of appointments with sellers while delivering news that they were completely upside down on their home. They had zero equity and would have to ask the bank to forgive the debt, and ruin their credit.
I counseled many frustrated buyers as an approval on their dream home sometimes took six months before they could call it their own. Banks were overrun with requests to allow a sale to happen, without the note being paid off.
HOW IS THIS DIFFERENT?
Take a look at this infographic below and then watch the video. If you have any questions, schedule a 15 minute phone call with me to chat more.