Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
General Real Estate Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 month ago on . Most recent reply

User Stats

657
Posts
138
Votes
James McGovern#1 Land & New Construction Contributor
  • Flipper/Rehabber
  • Bloomfield CT
138
Votes |
657
Posts

Psychology of Foreclosure

James McGovern#1 Land & New Construction Contributor
  • Flipper/Rehabber
  • Bloomfield CT
Posted

Why do so many take zero action when going through foreclosure. Many have received appreciation in the value of their property where it would make sense to sell and move 

Most Popular Reply

User Stats

18,951
Posts
16,484
Votes
Chris Seveney
  • Investor
  • Virginia
16,484
Votes |
18,951
Posts
Chris Seveney
  • Investor
  • Virginia
ModeratorReplied
Quote from @James McGovern:

Why do so many take zero action when going through foreclosure. Many have received appreciation in the value of their property where it would make sense to sell and move 


 We deal with this on a daily basis and its human nature to procrastinate - in 80%+ of teh situations today we are seeing borrowers file BK before letting it go to foreclosure. It is rare that an owner occupied home is going to FC over BK if there is significant equity.

  • Chris Seveney
business profile image
7e investments
5.0 stars
1 Review

Loading replies...