Review of Morgan Brennan‘s: “Why The New Wave Of Foreclosures Is Good News For Homeowners” (Brennan 2012). Why The New Wave Of Foreclosures Is Good News For Homeowners. Retrieved from: http://www.forbes.com/sites/morganbrennan/2012/06/14/heres-why-the-new-wave-of-foreclosures-is-good-news-for-homeowners/

In the article above, you will read that, “Today RealtyTrac released its May foreclosure report and the numbers aren’t great. Foreclosure filings — defined as default notices, scheduled auctions and bank repossessions –  ticked up 9% from April. It’s the first nationwide increase in foreclosures in 28 months, after more than two years of consecutive declines” (Brennan 2012). This is mostly due to the halt of many foreclosures because of the whole robo-signing incident. Well this year many homes that were not being processed will begin getting processed, as you can see in the percentage change above.

We are going to see home values drop once again due to this large inventory of homes that were not processed as distressed homes. Good news is, the end result will be a recovery. How soon the recovery will take is a question that I do not know the answer to. The quicker these distressed homes are put on the market and sold, the quicker home values will stabilize. When the property values reach rock bottom and most of the foreclosures are gone, there is only one way prices can go.

I know foreclosures are probably not the most exciting properties to sell (since the pay off is much lower), but if you provide a great service to your clients purchasing a foreclosure many great things can come about. You never know if your client finds more than one property appealing and buys both. Now that’s what I call a good commission. The client you just sold both properties to will also give you referrals for being so professional. Double Wammy for you!

In any business, you have to learn to adapt to the changing environment if you don’t want to go broke. Right now buyers are looking for deals. You are going to have a flood of foreclosures soon. Why not revamp your marketing strategy to be able to cater to buyers specifically looking for foreclosures?

In sum, processing the foreclosure filings that have been on hold for almost two years will help stabilize the economy.  Due to those foreclosure filings being pursued, we will  have a large inventory of foreclosed properties for sale soon. Once that happens, your clients will be able to take advantage of the finance rates which are now at record lows. 

Lets grab the bull by the horns. Its time to go out there and start cashing in on those foreclosures. If you are an agent that markets foreclosed properties, now would be the best time to get your website optimized so that your website may be seen on the top of Google page rankings. The easiest way to do that is by adding Agent BizzUp’s Search Engine Optimization Services. Agent BizzUp’s SEO guarantees you a spot in google’s first page.

To read the entire featured article please visit: http://www.forbes.com/sites/morganbrennan/2012/06/14/heres-why-the-new-wave-of-foreclosures-is-good-news-for-homeowners/