Many title agents and those looking to become title agents were severely deterred after the housing bubble burst and left America in a state of panic. Both long-time agents and many on the cusp of their licenses began seeking new opportunities. But were things ever as bad as once stated?
The talk throughout the country was panic-stricken, but the talk inside the industry slowly started to level out. The advice given to worried title agents: Wait out the storm. As advertised, the “crisis” was bad, but after the numbers became public that only 9% of subprime homeowners were defaulting on their mortgages, the mass hysteria has turned to a manageable melee.
With President Obama’s new housing plan set to realign the natural order, the prospect of home ownership once again becomes a dream and not a nightmare. Title agents will be needed; and if you’re hoping to pursue this type of career, know that your services as a title agent will be required after the smoke clears.