Homeowners in Danger of Falling into a Foreclosure Echo – Big Money Real Estate

On today’s Big Money Real Estate daily update, Ilyce talks about the “foreclosure echo” with Jenifer McKim, Senior Investigative reporter with the New England Center for Investigative Reporting. People who lost their homes to foreclosure, and used PMI (Private Mortgage Insurance) to make the purchase, are in danger of falling into a foreclosure echo. PMI protects the mortgage lender, but not the buyer, McKim says. To learn how this could affect you or the housing market, watch Ilyce and Jenifer 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.