There are a lot of refi's going on right now. All the title clients I read for are at about same volume as last year and last month was a good month for us.
Our clients NEVER use off shore searchers. Too much of a risk factor.
My take - lots of refi's, mortgage mods, new sales (people deciding to move out of certain areas) and foreclosures upcoming.
However, the majority of my clients have always been VERY busy with foreclosure work. It's a BIG shadow market that still exists, but no one wants to talk about it. The reality, the RE market never "really" recovered from the 2008 crash.
I'm NJ licensed. It used to take up to 8 years to get a judicial foreclosure through. Now the average is about 24 months.to post a reply:
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