Prepare for the Massive Mortgage Defaults Heading Your Way! Defaults!

As of March 2021, about two-thirds of homeowners who signed up for some type of mortgage forbearance during the Covid-19 pandemic have exited the programs, according to new research from the New York Federal Reserve.
 
Only 35% of borrowers, or about 2.2 million homeowners, who signed up for forbearance remain in these programs, the New York Fed found. But those who remain in forbearance typically have lower credit scores and live in lower-income neighborhoods, making them more susceptible to losing their homes when these programs end later this year.
 
Join Lou Brown as he talks about the latest figures and how they can impact your real estate investments.
 
Timestamps: 
0:01 - Introduction - “Mortgage Defaults Are Running Rampant” 
0:52 - Lou’s wins of the week
3:17 - Ask Lou anything about the real estate business
4:01 - Trends on today’s real estate market
6:15 - Mortgage delinquency rates in the U.S. from 2000 to 4th quarter 2020 
7:31 - Mortgage Delinquency rates and Unemployment rates
8:53 - FHA Mortgage Delinquency Rates
11:25 - 10 Metros Most Threatened by FHA Mortgage Delinquency Rates
13:08 - No reason not to buy a property now
14:29 - Now is the time to get ready for the upcoming market
14:38 - Aug 27th, 28th & 29th in Pittsburgh, Pennsylvania - https://www.MillionaireJumpStart.com - Learn the best entity in the market 
21:01 - Should I be saving money for this fall (in prices) to happen?
23:17 - Cost to Sell Worksheet
24:28 - Flattening the Real Estate curve
25:55 - Millionaire Jumpstart success stories
30:10 - Lou’s words of wisdom: Get out there and take advantage of this great market that we are in right now
Take Lou's Course:
https://www.udemy.com/course/realtors-and-real-estate-investing/?referralCode=305A2A5DB2A2C4543B7F
Lou Brown has been buying, selling, and holding property for 40 years and you are about to discover what a lot of so-called gurus are missing.
* How to buy all the property you want without ever visiting a single bank or needing to qualify for a loan…
* How to have a buyer or renter before you even buy property…
* How to have them already pay you money before you sold them anything…
These are exactly the kinds of deals he does day in and day out. Most ‘investors’ are getting it wrong. It’s not about the property, it’s about the buyer. Buying right and buying cheap is what you’ll do after you have the buyer.
Media Sites:
YouTube: https://www.youtube.com/user/StreetSmartInvestor
Podcast: http://Streetsmart.mypodcastworld.com/
Facebook: https://www.facebook.com/StreetSmartInvestor/
Web Site: https://millionairejumpstart.com/ and https://streetsmartinvestor.com/
Real Estate investors in all fifty states across Canada and fifteen foreign countries including as far away as Australia and New Zealand, have long regarded the training, systems and forms created by Louis Brown as the best in the industry, Quoted as an expert by many publications and authors, “Lou” draws from a wide and varied background as a real estate investor having been buying property since 1976.
He’s invested in single-family homes, apartments, hotels, developed subdivisions and built and renovated homes and apartments. Each of these experiences has given him a proving ground for the most cutting edge concepts in real estate today. He’s widely known as a creative financing genius with his deal structuring concepts.
Being a teacher at heart he enjoys sharing his discoveries with others. He has served the industry in many volunteer positions such as past President and designated lifetime member of the Georgia Real Estate Investors Association, the world’s largest real estate investor group.
He is also founding President of the National Real Estate Investors Association, which serves as the umbrella association of local investor groups.