Hello! As the Broker of @Sachs_Realty and the Host of the Sachs Realty Podcast, I bring to you my commentary to keep you informed about everything real estate.
Will be a very interesting spring housing market. Thank you @NewsLambert for your insights. Watch the entire interview here: https://t.co/v3eBk9xNdK
#housing#realestate#resiclub
Want the facts? John holds nothing back with his no BS explanation about what's happening with foreclosures right now. Full video: https://t.co/3hKHuo3ry9
Is the 50 year mortgage a good idea? Will it unfreeze the housing market? In this Lance Lambert, Resiclub update, we discuss the current state of the housing market, analyze current Resiclub data, and talk about Residay 2025, where Real Estate Experts spoke to industry professionals at this annual event. @NewsLambert@ResidentialClub #housingmarketupdate #realestatenews Watch the full interview here: https://t.co/kuRknSBPPv
When we launched the ResiClub Terminal on Monday, it included 66 metrics
Based on initial feedback from ResiClub PRO members, weβve already added another 25 data cuts/metrics
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https://t.co/RKc7Rwbycs
Is it so hard to get valuable home buying advice from my industry cohorts?
If you think yes, please tell me why.
I find it upsetting so many first-time homeowners, over the last several years, are very remorseful about buying a house.
How did NOT everyone see this coming?
Not saying I told you soπ§
However, I'm just a blue-collar contractor dude, so what do I know.
If you're looking to buy a house, maybe consider these ten tips:
#1: Get my Todd's Simple Home Buying Course
#2: INTERVIEW REALTORS (actually)
#3: Finance no more than 3x your gross household income
#4: Learn the importance of days on market (DOM)
#5: Ask the home seller questions BEFORE you make an offer
#6: NEVER waive your rights to a home inspection
#7: NEGOTIATE your inspection results
#8: READ any HOA or Condominium Documents BEFORE you buy the house
#9: Know when to WALK-AWAY (RUN)
#10: Add sewer backup and appliances to your home owners insurance policy
If you're interested, this video explains these tips in detail: https://t.co/ldxTQgvIhD
What is the purpose of a home appraisal? Asking for a friend.
What my guest, Real Estate Appraiser, Tim Lane has to say may shock you.
Hope you take the time to watch my interview with him.
It's long, but that's nothing for a fresh bowl of popcorn, a comfy couch, and your favorite choice of beverage :)
Can't make this stuff up!
Link to the video: https://t.co/DHhIAyKMCE
Back in April, HUD published a letter to address
Tightening and Expediting Implementation of the New Permanent Loss Mitigation Options
To All Real Estate Brokers (amongst others)
In January 2025, HUD published a new permanent set of loss mitigation tools intended to maintain streamlined processes that minimize burdens on Mortgagees, provide sustainable loss mitigation solutions to Borrowers to address delinquency, prevent foreclosure, and mitigate risks to the Mutual Mortgage Insurance Fund (MMIF).
Upon further review of the policies, HUD has determined additional changes are necessary to protect the MMIF.
HUD continues to see increased default rates...]
Source: https://t.co/6U8f2QPjJK
How bad could it be?
I wonder how many borrowers pay their mortgage beyond 10 days late at least a few times a year?
Incurring a late fee.
I am seeing many houses hit the market whereas they just bought the house a few years ago.
From my assessment, from the spring of 2021 through the spring of 2022, home buyer exuberance hit the peak.
Exuberance and FOMO accelerated in April of 2022 as the FED started raising rates.
Through this unprecedented time in the housing market, many homebuyers waived their home inspection, made a major home buying decision in hours, bidding against cash buyers and real estate investors.
I knew this wasn't good.
Check out the slides provided by REO Expert, John Hoffman, Broker of WHYRENT Real Estate Co.
John took these photos from a distressed asset conference he attended in Dallas, TX.
You can also watch the podcast where I interviewed John about what he believes will be a massive wave of mortgage foreclosures.
Here's the link to the interview: https://t.co/Y5wRUfRezH