Foreclosure crisis only about halfway over

Great article Trustpoint, thank you for sharing. Foreclosures are not going away anytime soon. There will be great opportunities for investors in 2012! Time to take advantage and take action this year!

Karen

you are partially right:

There will be great opportunities for SMART investors in 2012!

Most investors will get their A** handed to them this year because they are under the false assumption that a rising tide will lift all ships.

I am always looking forward to seeing a post of yours... always keeping us on our toes!
So, are we really in the middle of it? if so, that means, that since it's been about 4 years since the foreclosure avalanche started, it won't be until 2016 until we see any recovery...

we are holding steadfast to our belief that the housing crisis will turn the corner in 2014 but the recovery will be slow. This slow recovery will happen for a lot of reasons but mainly because there is no political leadership (either party, the rest of world is screwed up too, people in this country are wary of jumping on the homeowner bandwagon, the banks are untrustworthy and their image is greatly tarnished and lastly, history has shown that the masses of people don't buy items that have recently come from a bubble. Housing took 20 years to get to the same level after the great depression; the government is projecting 2028 - 2038 for a lot of areas to get to the same level as it was in 2006. That's a lot of overhang on the market. But money can certainly be made during this period as people have to live somewhere. But it is my belief that most people will not make the right choice in real estate due to its treacherous nature during a transition phase. There will be a lot of people that are 1 transaction wonders.