Louisiana is one of the states that are most badly affected by the COVID-19 pandemic, and the real estate market has really felt the brunt of the crisis. With the current rate of foreclosures – among the highest in the nation – short sale deals are starting to increase, but many investors are backing out because of market uncertainty and high rates of delinquency and forbearances. Scott Carson gets into the details of these significant developments with Cecil Rose, a real estate agent and investor who has specialized in short sales and other creative financing strategies for the last nine years. Focusing on the New Orleans and Baton Rouge markets, Scott and Cecil discuss the current state of the Louisiana market, what investors are looking for and what the future holds. It will be a rough ride for the Bayou State, but there might still be opportunities if you know where to look for them.
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