BiggerNews March: Foreclosures Up 97% (with More On The Way)

The word “foreclosure” is forever stained in the minds of almost every American who lived through the great recession. News stories in 2010 would talk about the slew of families that had been foreclosed on, with big banks taking back property from a significant number of former homeowners. Fast forward twelve years and many real estate investing fortunes have been made on the backs of foreclosure sales. Is this chance coming back once again in 2022? Joined with us today for this month’s BiggerNews is the David Greene and Dave Meyer duo plus special guest, Daren Blomquist, VP of Market Economics at Auction.com. Daren knows the foreclosure market inside and out, spending his days studying and analyzing housing market data. With the newest “surge” in foreclosures, Daren is here to quell the mind of investors who are either hoping for (or dreading) another foreclosure crisis. Back in early 2020, the US government imposed a foreclosure moratorium and a nationwide forbearance program, allowing citizens to hang on to their homes a little longer. As the economy shifts back into gear, and the moratorium ending, will we see a surge in foreclosures? Or, has price appreciation gifted so many homeowners with equity that foreclosures aren’t even on the horizon? Whatever the answer is, Daren can help you, the investor, plan for your next money-making move. ~~~~ Join BiggerPockets for FREE: https://www.biggerpockets.com/signup?... ~~~~ Join BiggerPockets Pro for Up-to-Date Analytics and Articles: https://www.biggerpockets.com/blog/me... ~~~~ Find a Great Real Estate Agent in Your Area: https://www.biggerpockets.com/agent/m... ~~~~ Grab the Book “Bidding to Buy” For a Step-by-Step Guide to Invest in Real Estate Foreclosures: https://store.biggerpockets.com/produ... ~~~~ Check Out Auction.com’s Newest Housing Market Findings: https://www.auction.com/inthenews/ ~~~~ Connect with Darren on LinkedIn:   / daren-blomquist-7b775a6   ~~~~ Connect with David and Dave on BiggerPockets: David: https://www.biggerpockets.com/users/d... Dave: https://www.biggerpockets.com/users/d... ~~~~ Connect with David and Dave: DG: @davidgreene24 or   / davidgreene24   DM: @thedatadeli or   / thedatadeli   Episode 580 Show notes at: https://www.biggerpockets.com/real-es... 0:00 Intro 3:24 Quick Tip 4:38 News or Noise? Buyers Moving to New Metros 11:48 News or Noise? Zillow's "SuperApp" 16:42 The New BiggerPockets Host Is... 23:10 Welcome Daren from Auction.com! 25:08 2010's Foreclosure Crisis 28:43 Post-Pandemic Foreclosures 34:42 Is the "Wave of Foreclosures" Really Coming? 38:06 Entering the Foreclosure "Danger Zone" 41:52 Investing in Foreclosures 47:21 The Foreclosure Market in 2022 1:02:31 Will a "Foreclosure Crisis" Reappear This Year?