{"id":16906,"date":"2021-09-29T13:49:04","date_gmt":"2021-09-29T13:49:04","guid":{"rendered":"https:\/\/lakehomes.com\/info\/?p=16906"},"modified":"2021-09-29T14:22:17","modified_gmt":"2021-09-29T14:22:17","slug":"whiteboard-topics-no-dont-wait-on-foreclosures-to-buy-a-lake-home","status":"publish","type":"post","link":"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-no-dont-wait-on-foreclosures-to-buy-a-lake-home","title":{"rendered":"Whiteboard Topics: No, Don&#8217;t Wait on Foreclosures to Buy a Lake Home"},"content":{"rendered":"\n<figure class=\"wp-block-embed-youtube wp-block-embed is-type-video is-provider-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe loading=\"lazy\" title=\"Whiteboard Topics: No, Don&#039;t Wait on Foreclosures to Buy a Lake Home\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/ixgv4NQHeJo?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n<div class=\"p-rich_text_section\">Although buying foreclosed homes is becoming popular, waiting for them to hit the market may not be the best way to buy your dream lake home right now. Lake Homes Realty\u2019s CEO, Glenn Phillips, breaks down three reasons why you shouldn\u2019t wait to buy!<\/div>\n<ol class=\"p-rich_text_list p-rich_text_list__ordered\" data-stringify-type=\"ordered-list\" data-indent=\"0\" data-border=\"false\" data-border-radius-top-cap=\"false\" data-border-radius-bottom-cap=\"false\">\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">Not the 2008 Market:\u00a0<\/b>Unlike the 2008 market, there is a shortage of homes, which means high competition and a low probability of getting a home.<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">Banks are Well-Positioned:\u00a0<\/b>With the economy doing as well as it is, banks no longer have to liquidate these houses because there is rising demand for these homes. Banks are also able to renegotiate with current homeowners.<\/li>\n<li data-stringify-indent=\"0\" data-stringify-border=\"0\"><b data-stringify-type=\"bold\">Majority Do Not Have a Mortgage:\u00a0<\/b>More than half of the lake homes transitions are in cash, which means there is no one to foreclose them.<\/li>\n<\/ol>\n<div class=\"p-rich_text_section\">Buying a foreclosed property can be a smart financial move, but with this current market, it may not be feasible. Waiting for a <a href=\"https:\/\/www.lakehomes.com\/\">lake home<\/a> to foreclose can cause you to miss out on purchasing one entirely!<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>Although buying foreclosed homes is becoming popular, waiting for them to hit the market may not be the best way to buy your dream lake home right now. Lake Homes Realty\u2019s CEO, Glenn Phillips, breaks down three reasons why you shouldn\u2019t wait to buy! Not the 2008 Market:\u00a0Unlike the 2008 market, there is a shortage of homes, which means high competition and a low probability of getting a home. Banks are Well-Positioned:\u00a0With the economy doing as well as it is, banks no longer have to liquidate these houses because there is rising demand for these homes. Banks are also able&hellip;<\/p>\n","protected":false},"author":25,"featured_media":16908,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15429],"tags":[15776,7312,16665,16664,17044,15450],"class_list":["post-16906","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ceo-insights","tag-ceo-insights","tag-home-buyers","tag-home-buying-advice","tag-home-buying-tips","tag-home-foreclosures","tag-whiteboard-topics"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Whiteboard Topics: No, Don&#039;t Wait on Foreclosures to Buy a Lake Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-no-dont-wait-on-foreclosures-to-buy-a-lake-home\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Whiteboard Topics: No, Don&#039;t Wait on Foreclosures to Buy a Lake Home\" \/>\n<meta property=\"og:description\" content=\"Although buying foreclosed homes is becoming popular, waiting for them to hit the market may not be the best way to buy your dream lake home right now. Lake Homes Realty\u2019s CEO, Glenn Phillips, breaks down three reasons why you shouldn\u2019t wait to buy! Not the 2008 Market:\u00a0Unlike the 2008 market, there is a shortage of homes, which means high competition and a low probability of getting a home. Banks are Well-Positioned:\u00a0With the economy doing as well as it is, banks no longer have to liquidate these houses because there is rising demand for these homes. Banks are also able&hellip;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.lakehomes.com\/info\/lifestyles\/whiteboard-topics-no-dont-wait-on-foreclosures-to-buy-a-lake-home\" \/>\n<meta property=\"og:site_name\" content=\"Lake Homes Realty Articles and Info - LakeHomes.com\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/LakeHomesRealtyLLC\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-09-29T13:49:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-09-29T14:22:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.lakehomes.com\/info\/wp-content\/uploads\/2021\/09\/9.29.21-Thumbnail-No-Dont-wait-on-foreclosures-to-buy-a-lake-home-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Linda Thach\" \/>\n<meta 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Lake Homes Realty\u2019s CEO, Glenn Phillips, breaks down three reasons why you shouldn\u2019t wait to buy! Not the 2008 Market:\u00a0Unlike the 2008 market, there is a shortage of homes, which means high competition and a low probability of getting a home. Banks are Well-Positioned:\u00a0With the economy doing as well as it is, banks no longer have to liquidate these houses because there is rising demand for these homes. 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