Distressed Real Estate Mortgage Market

The implosion in the residential mortgage market has created unprecedented buying opportunities for the patient investor with cash for purchase. Our market economist believes that the economic cycle for the residential building sector is in free fall. The fundamentals of this sector has excess supply of housing units relative to the demand for the housing units. And with financing for the demand dried up, we see a continued displacement in this sector.

Today Home Banc Corp filed for bankruptcy. Another mortgage lender gone belly up further reducing the supply of financing.