Waiting for the Recovery

A recent study shows where most of the new jobs have been coming from, particularly for women. Most of them have been waiting tables.

Here’s the pull-quote:

About 60 percent of the increase in employment for women from 2009 to 2012 was in jobs that pay less than $10.10 an hour.

Clearly, these are not the type of jobs and incomes that allow people to buy homes or pay their mortgage. This is just another sign that makes me believe that foreclosures will continue for the foreseeable future. The savvy investor can provide a service to these borrowers, new renters and/or lenders. Educate yourself about the foreclosure process, how the courthouse sales work and seller financing. It’s the investor who knows what to do and take action that makes it happen!

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