NEW WAVE OF FORECLOSURES?? I don't think so.

I personally think that REOs will not be coming back in a huge volume, inventory will continue to trickle while the Banks concentrate in the big new trend with HAMP and HAFA, which basically means "short refi"; what they should have done from day one. They didn't because they are huge entities and cannot react fast enough to the problem.We will see an increased volume of short sales, because most people will try to short refinance their home that now is worth 50 cents on the dollar. If they don't qualify, they will be issued a payoff approval to short sell their home. All this will bring tremendous liquidity to the market.On the other hand, we need the job market to improve, and I think it will, (at a huge cost to taxpayers) sooner or later.We cannot, as a country, tolerate a huge foreclosure wave as you and I selfishly would like, I know we would make a ton of money, but our economy cannot tolerate it, it is about National Security, and Government priorities.You can rest assured that the wave you are waiting for will not happen. Not in this cycle.I recommend you continue to take advantage of the trickled REOs that will continue to be available for a couple of years, but get yourself focused on the areas that make sense, THEY HAVE MOVED OUR CHEESE AGAIN.The only thing you will find in the REO market, is people wanting to squeeze money out of you, vultures that will promise to deliver "THE SECRET" in exchange of "A FEW DOLLARS"Conventions are only trade shows, Certifications are just tags that are worthless, if you want to learn something, buy a book, talk to other agents, don't pay for people to BLOW SMOKE UP YOUR.....