Real Estate Investors Struggle With Unwanted Inventory
The ranks of real estate investors mushroomed through the last several years until the market faced a dramatic downturn. Oversold by weekly TV shows, books, glowing news articles and infomercials, it didn’t occur to them that the good times wouldn’t last forever. Many of these people should never have become real estate investors.
Now, with more and more unwanted homes on the market, investors have few options to recoup some of their investment. Some rent the home, which at least gives them some income to cover some of the costs and may make the monthly house payment. Then, when the market changes, they can sell at that time.
Others sell the home at any price. They may lose whatever they put into the house and, if the sales price and commission are below the amount of the mortgage, they will have to either dig in out of their own pockets to pay the missing amount or negotiate a “short sale” with their lender.
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