SOTM 72: Is a Wave of Foreclosures About to Hit the Market? – Auction.com’s Daren Blomquist

Real Estate Rockstars Podcast

Aaron Amuchastegui

Investing, Careers, Business

4.6 • 864 Ratings

🗓️ 10 May 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

What happens when mortgage forbearance ends? On today’s State of the Market podcast, Auction.com’s Daren Blomquist joins us to discuss the possibility of a massive wave of foreclosures hitting the market. We talk about current property prices, dive into detailed foreclosure stats, and more. Tune in and get information on everything you need to know as a Realtor, investor, or prospective homebuyer. Visit hibandigital.com/toolbox Claim Real Estate Discounts, Free Trials, and More Visit hibandigital.com/resources Sponsors Rebus University - Get Over $10,000 in Real Estate Training for as Little as $97 Visit futureofrealestatetraining.com PadHawk - Find Your Market's Best Leads for FREE with a 7-Day Trial Visit padhawk.com Roddy's FLS - Discover Unbeatable Real Estate Deals with a FREE Foreclosure List Visit 4closure.info

Transcript

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0:00.0	We definitely have a shadow inventory. I mean in 2019 before the pandemic we saw almost
0:10.6	250,000 properties brought to foreclosure auction nationwide, not just
0:16.3	auction.com at the market.
0:19.2	And then in 2020, it's looking like it's going to be more like, not all the public record data can, but it's going to be more like not all the public record dated him but it's going to be more like
0:24.8	125,000. So the question is this, how do most agents find the secrets to succeed in today's
0:36.4	competitive real estate market, especially when the top agents are keeping
0:40.3	those secrets themselves? That's the question and this podcast will give you the
0:44.5	answer. Hi I'm Erin you today with the Real Estate Rockstars, this is Aaron Amucci Stegi.
1:02.8	I'm coming you today with the real estate state of the market.
1:06.4	I'm excited about today's interview.
1:07.8	I get to talk to Darren Blumquist today.
1:10.2	He is, he's with auction.com, which is one of the largest, if not the largest, kind of trustee for
1:16.3	foreclosures throughout the United States.
1:18.5	In my book on how to buy foreclosures, I tell people like, hey, if you want to know where
1:22.0	the local foreclosures are first go to
1:24.1	auction.com because they're probably going to have at least one of the foreclosures in your
1:27.7	area they're going to show you you know the address and the time of the sale so if nothing else
1:31.6	you go there to go find it I first
1:33.8	saw Darren I've seen Darren speak a lot of different times over the past like six or
1:38.8	seven years a very first time was at a a single family rental conference where you know
1:43.9	Darren was able to you know he kind of said this is how many people own single family
1:47.3	rentals here's what's happening with the market here's what's happening in the
	...

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