Foreclosure.com Founder, President and CEO, Brad Geisen, earlier this week made the media rounds, meeting with reporters and other influential opinion shapers in New York City about the current nationwide foreclosure situation and what needs to be done to ensure it gets better sooner rather than later.
Wall Street Journal, Associated Press, Reuters, CNN and TheStreet.com were all on Tuesday’s jam-packed docket. And more opportunities for Brad to share his expert commentary with media members are in the works — he’s in high demand now more than ever.
Here’s a quick review of the stories that hit this week:
“Homes still affordable — really affordable” article from CNNMoney.com.
“The big banks are finally pricing their properties to what people will pay for them. Foreclosure inventory is now selling at about the same rate it’s coming in.”
“U.S. mortgage applications rise as rates plunge: MBA” article from Reuters.
“Probably the biggest driving factor for home purchasing right now is price. During the housing boom, a lot of first-time home buyers were squeezed out of the market, but now property values have come down enough where they can afford it…. People now realize they can buy the home of their dreams at an affordable price”
“Banks’ foreclosure pain worsens with U.S. job losses” article from TheStreet.com. For bonus video with Brad click here.
“[Loan modifications are] a short-term solution to a long-term problem. We’re going to see a big wave of those properties come onto the market … probably at the end of the year into next year…. Short sales are the answer…. Renting does make sense, [too], for banks financially strong enough to hold the inventory, the market will be back in two to three years and they will be able to recoup the losses.”
Again, expect more headlines in the very near future.
To check out our collection of virtual news clips be sure to visit our “In the News” section. Media inquiries and other requests to speak with Brad or anyone else at Foreclosure.com should be directed through our “Contact Us” page.
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