Leo Nordine of California has been referred to “the king of foreclosures.” Leo was a real estate agent in California. He has allegedly closed more than 4,000 real estate transactions. It is claimed that he is involved in over 300 real estate transactions a year. All of these transactions involve foreclosures!
Recent Interview of Leo Nordine
In a recent interview, foreclosure king Leo Nordine was asked about when the real estate market will bottom out. In his response, he stated that he felt the market had already hit a soft bottom. He talked about the slowdown by the Federal Government of the real estate foreclosure process. He claimed the government was slowing down the process to avoid putting the country into a depression.
He was asked if it was a good time for individuals to buy homes. He suggested that, instead of buying a home, individuals should save up their cash for a rainy day. He stated that he felt real estate prices will stay flat for approximately ten years. He suggested only buying a house if you plan on living in it and enjoying it. He suggested it would not be a good investment. He felt that for the real estate market to recover, the economy as a whole must first recovery.
Nation of Renters
Leo suggested that in the future a greater portion of the population of the United States will be renters, and not owners, of real estate. He claimed that the government had encouraged the American dream of the ownership of a single family home. He suggested that families should dream of renting in the future.
How To Sell a House Today
When Leo was questioned as to how to sell a home in the current real estate market, he suggested to make it as empty as possible. The house should be clean, bright and, most importantly, priced realistically! He stated that if the house isn’t priced to sell, no one will buy it!
If your home is in foreclosure in the Metropolitan New York area, we can help you. Our law office has been providing foreclosure defense for our clients for more than 45 years. We litigate defective mortgages, predatory lending and defective foreclosure lawsuits. We make court appearances for our clients and attend foreclosure court conferences. We assist our clients with mortgage modifications and mortgage modification programs that fail to meet consumers needs.
We discuss foreclosure related bankruptcy filings. This filing can either be a Chapter 7 bankruptcy or a Chapter 13 bankruptcy. Upon filing either of these bankruptcies, the Federal Bankruptcy Court issues an automatic stay that stops foreclosure proceedings in their tracks.
Call us for a free consultation. We will discuss all of your foreclosure options. Thank you for visiting our foreclosure blog.
