By Steve Cook
In my very first post for BiggerPockets.com two and a half years ago (Twilight of the Foreclosure Time), I discussed how the volumes of foreclosures that attracted so many investors to residential real estate would end…and when. It’s ending more or less on schedule in most markets, but in a way that may surprise many.
The Foreclosure History
The flood of foreclosure that first hit the sand states in 2007 and 2008, mostly resulting from borrowers defaulting subprime and “alternative” loans that should never been made, clobbered the housing markets like Sandy hit the Jersey Shore. When the national Great Recession …read more