Mortgage delinquencies and foreclosures are at 10-year lows. Borrowers need to be better qualified to get a loan and banks are more eager to make loan modifications. Mortgage inspections average about $3 … with “maybe” a $1.50 profit. Inspection volumes are very low and requirements have increased. Some of the Mortgage Order Mills (MOMs) are leasing out their office space. One mortgage inspector said today that his E&O insurance premium has doubled and he is quitting mortgage inspections.
The mortgage segment and the circus are disappearing into the sunset. The last Ringling Bros. circus performances ever will take place this May, Ringling Bros. and Barnum & Bailey Circus’s owner told the Associated Press. There are 30 more shows left around the country, and then the business is closing for good. The cost of running the circus, difficulties transporting the show, low attendance, and complaints about the circus’s treatment of animals all contributed to the decision. Sales went down after the circus removed its elephants last year.
The mortgage segment is the home of low-fee inspections and 99.5% of the fraud, greed and corruption in the industry. The fraudsters all gather in one club and rip off labor. Law enforcement will not come to your rescue. No one can save you. Avoid the mortgage segment. It can ruin you life!