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Foreclosure Trickle Down Effect

March 26, 2014

Foreclosure Trickle Down

I came across an interesting article this morning regarding the foreclosure crisis – on how Self-storage facilities are experiencing a high number of units not paying their bills.

It is an interesting to see that what is happening as a direct result of the foreclosure crisis.   Not only are buyers finding it more difficult to qualifiy for a mortgage today, and the options for a mortgage signficantly reduced there are others affected by this crisis.

Here is a brief list of businesses that are affected by the mortgage crisis:

  • Real Estate Professionals
  • Mortgage Professionals
  • Attorneys and Title Companies
  • Stock Market
  • Banks & Financial Institutions

The effects do not stop just there.   Now it seems this crisis is affecting the companies that support these Professionals too.   I was talking with a friend of mine and businesses like salons, plastic surgeons, and clothing stores are feeling the pinch too.    Print shops, dry cleaners, restaurants are all affect too.

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