Have You Heard These Summertime Rumors?

A few summertime rumors:

The real estate market is finally breaking loose.
Commercial credit may soon be more readily available.
Banks are beginning to lend again on commercial developments.
Total economic recovery is just around the corner.

We’ve heard these all before—probably about this time last year. I sincerely hope that these rumors are true. However, there is a huge wave of Option ARM and Alt-A resets coming to a market near you. According to recent study conducted by Credit Suisse, between 2010 and 2012, over $1 TRILLION worth of ARMS will adjust during this period. Many homes will be refinanced; some will unfortunately fall to foreclosure or short sale.

Many of our clients have begun to make the most of the latter two scenarios and have been looking to A|B for staffing support. Actually, it is not too late to penetrate the Default and REO servicing markets if you are so inclined.

If this catches your eye, my advice is as follows: get aggressive, put the right people in place and diversify your revenue. What are you waiting for?