There will still be flips. Not all foreclosures are offered via the GSEs, and the GSEs aren’t selling everything via bulk sale. (HomePath has 1318 listings in CA under $150k as of this morning.)
This is also REO inventory, not a bulk trustee sale, so trustee auctions will still occur.
Come to the Northeast — there are more shorts and REOs coming online than you’ll be able to handle right now 🙂
