$500,000 Mortgage Modifications are Expiring: What does that mean for the housing market? – Big Money Real Estate

Today on Big Money Real Estate, Ilyce talks with Greg McBride, Chief Financial Analyst of Bankrate, about the $500,000 mortgage modifications that are expected to expire in 2015. Mortgage payments will rise in 2015 for nearly half a million homeowners nationwide who have taken part in the HAMP program, McBride said. Many homeowners may not be able to afford this increase, which could create some opportunities for real estate investors. To learn more, watch Ilyce and Greg on Big Money Real Estate.
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Star of Discovery Channel’s “Undercover Billionaire,” Grant Cardone owns and operates seven privately held companies and a private equity real estate firm, Cardone Capital, with a multifamily portfolio of assets under management valued at over $4 billion. He is the Top Crowdfunder in the world, raising over $900 million in equity via social media. Known internationally as the leading expert on sales, marketing, and scaling businesses, Cardone is a New York Times bestselling author of 11 business books, including “The 10X Rule,” which led to Cardone establishing the 10X Global Movement and the 10X Growth Conference, now the largest business and entrepreneur conference in the world. The online business and sales educational platform he created, Cardone University, serves over 411,000 individuals and Forbes 100 corporate clients throughout the world. Voted the top Marketing Influencer to watch by Forbes, Cardone uses his massive 15 million plus following to give back via his Grant Cardone Foundation, a non-profit organization dedicated to mentoring underserved, at-risk adolescents in financial literacy, especially those without father figures.