December 13, 2017

Banks Listing Fewer Foreclosures | Buying Real Estate Without a Mortgage in California Bay Area

Posted by Jason Wheeler | Subscribe

Fewer Foreclosures on the Market | Banks are Holding Real Estate Learn to be a Cash Buyer

I talk to Realtor’s and Real Estate Investors everyday throughout the SF Bay Area. Many believe that there are more foreclosures being held by banks than there actually are right now. You might be surprised that the banks on a nationwide level are not holding as many foreclosed homes as originally thought. In many cases they Foreclosuresarea simply letting people live in these homes for free without paying a mortgage.

I personally know several families and individuals that have been living without foreclosure proceedings and without paying their mortgage for 6 months, one year and even up to two and half years in Pleasant Hill California, and all over the Bay Area. However there will be another major wave coming throughout the next two years. The next foreclosure wave is inevitable. The real question is are you going to capitalize as a cash buyer or are you going to be stuck like millions of other Americans that don’t fit into the banking mortgage box?

The Wallstreet Journal Says

Banks have fewer foreclosed homes to sell than previously believed, but those holdings are likely to grow gradually over the next couple of years, a new study by Barclays Capital says.

The investment bank’s latest calculations support the view that the U.S. housing market is stabilizing but that a major recovery isn’t imminent and there are still risks of falling prices.

Barclays estimates banks and mortgage investors including Fannie Mae and Freddie Mac owned 480,000 homes at the end of February. Barclays has acquired more data on mortgages and refined its methods for analyzing foreclosure trends. Under the bank’s previous methods, the estimate for February would have been more than 600,000.

Barclays expects the inventory generally to rise over the next 20 months, peaking at 536,000 in January 2012, and then decline gradually.

Is There Still Time to Capitalize on Real Estate Investment Opportunities?

Absolutely! If there is any truth to the Wall Street Journal there will be more millionaires made in real estate investing right here in the Contra Costa Bay Area than ever before in the next two years. If you would like to learn how to get started and learn how you can buy property without qualifying for a traditional mortgage let us know. We have aligned ourselves with a source that let’s us buy property without the mortgage hassle! You can come to an educational networking event or attend a webcast. Just let us know if you would like to attend an educational networking event to learn.

What Do I Do to Become a Cash Buyer and Avoid the Mortgage Process?

There are more sources than you might think to purchase property and fix it without using a traditional conventional mortgage or a government mortgage. If you would like to learn about these recourses just subscribe to our news letter on the top right of this page or Contact Us and ask about buying property without a mortgage and without your own money. We don’t look at your credit and we will qualify you as long as you can show you can afford the payments we’ve worked out. You can also pick up a great book to get started by Mike Watson on how to Buy Without the Bank to the right

If you are serious about buying a home and you area tired of trying to fit into the Mortgage Lenders teeny tiny box you need to learn about this program as soon as possible. You can register for an event or just give us a call. We would be happy to chat with you and pre qualify you for this unique program right here in Contra Costa County East Bay Area.

Connect Online | Facebook | Twitter

Until Next time Here is to your success! Jason Wheeler

Leave a Comment Below I Answer Each One!

About Jason Wheeler - Real Estate & Lending

Jason Wheeler has been a top producing consultant in real estate and finance since 2003. Originating, conventional, government, portfolio and hard money loans throughout California for one of the top mortgage companies in the nation. Jason works directly with homeowners and purchases homes throughout the Bay Area with the purpose of adding value to older outdated homes. IF YOU LIKE OUR CONTENT GO VIP HERE


  1. juliebroad says:

    Great blog Jason!! I've been seeing you around the Bigger Pockets scene for awhile so I thought I would stop in and see what's cooking in your home blog!! This is a very informative post!! It is really interesting for me, as a Canadian, to watch what is unfolding in the US. We have felt some pain up here but nothing compared to what you're feeling … and a few of our markets are actually so strong some folks are saying it's a housing bubble. That said … any tips that help me buy real estate without the banks are VERY welcome. Banks are a big challenge for us … as I know they are for you guys in the US! Good stuff. I'm adding you to my RSS feed.

  2. Hi Julie,

    Thanks for reading I really appreciate it! If you ever have any questions about what is happening here in the CA SF Bay Area let me know. I answer every question and comment. How is real estate in Canada? What strategy are you working on right now?

  3. I've been looking for different sites that will give me several inputs on hard money lending. I've been checking different sites where they could give me an easy access on the hard money lenders.

    For those who would want to avail hard money, you may want to check this site

    Anyways,I hope to read more on this topic in succeeding days.

  4. Greetings Friends,

    Due to high workload, I am currently checking and responding to e-mail twice
    daily at 11am and 4pm.

    If you require urgent assistance that cannot wait until then please contact
    me via text or voicemail at 925-285-2172

    Thank you for understanding this move to more efficiency and effectiveness.
    It helps me accomplish more to serve you better.

    Jason Wheeler
    Direct 925-954-7082
    Cell 925-285-2172
    Fax 925-226-4927

    Join My Social Network
    Facebook ==> <>
    Twitter ==> <>

  5. henry scott says:

    I have been searching for this information since long time your suggestions and tips are really helpful for us thanks for the sharing this all with us.
    goochland real estate for sale

Speak Your Mind


Warning: fsockopen(): php_network_getaddresses: getaddrinfo failed: Name or service not known in /home1/jawheels/public_html/wp-content/plugins/sweetcaptcha-revolutionary-free-captcha-service/library/sweetcaptcha.php on line 71

Warning: fsockopen(): unable to connect to (php_network_getaddresses: getaddrinfo failed: Name or service not known) in /home1/jawheels/public_html/wp-content/plugins/sweetcaptcha-revolutionary-free-captcha-service/library/sweetcaptcha.php on line 71
Couldn't connect to server: php_network_getaddresses: getaddrinfo failed: Name or service not known (0)