Ever since Jay started investing in real estate, he cannot think of a perfect time to use his foreclosure system than now.
The world is affected by the pandemic and so is the real estate market. A great number of foreclosures are going to open up soon. This is the time for real estate investors to prepare themselves and take advantage of this opportunity.
For more valuable information click on this link and watch the complete episode: https://youtu.be/aIVxHMCrMAY - “What's Going On With Foreclosures? Real Estate Investing with Jay Conner”
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Jay Conner has been investing in Real Estate for over 15 years. He typically makes 2 deals a month. He has bought and sold over 400 homes.
He had an 800 credit score and the bank closed his LOC. He needed to find a new source of funding. In the past eight years, Jay has never missed a deal because of funding.
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WEALTH & FREEDOM FORECLOSURE SYSTEM HOW TO FIND, TRACK AND PROFIT FROM FORECLOSURES
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Jay Conner:
I cannot think of a more well in ever since Carol Joy and I have been investing in real estate here in Eastern North Carolina. I cannot think of a time where using our foreclosure system is more timely and of course that's because of, you know, we've been into COVID now for over a year and foreclosures are getting ready to open up. So what better time for real estate investors or those that want to get into the business to prepare themselves in order to take advantage of this opportunity. That's getting ready to open up to help a lot of people out of financial distress and make a lot of money while doing it at the same time.
Scott Patton:
And there's a lot of people who are, they haven't been paying their mortgage or they haven't been paying their rent for a long time. And it just seems like they keep pushing. It's like there is a big problem and nobody wants to deal with it. It keeps saying it's going to be extended until the 31st to the 30th to the next 31st. But there's gonna come a point where they can't do that anymore.
Jay Conner:
My prediction, first of all, before I go to my prediction there's two categories of foreclosures because of COVID. The first category is all those people, which was like good number that were the foreclosure process had already started before COVID came along in March, 2020. And so COVID comes along and now those foreclosures that were in the process were put on pause and, just the whole foreclosure process stopped. And then since COVID all the millions of people that lost their jobs they have stopped paying their mortgage payments as well because of COVID. So COVID has created this whole new, great big category of people that have gone into foreclosure that ordinarily would not. So it's important for everybody to understand those are the two categories now to the prediction. I believe it's going to be in a very few short months before we really start to see what we call foreclosures, opening up the process, opening up to where, as I said, we're going to have an opportunity to serve a whole lot of people. So my prediction here is it's probably going to be opening up within the next 90 for sure. 90 days to six months, for sure.
Scott Patton:
So that would take us just before Christmas.
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