distressed-property

Commentary: Foreclosure – The Human Element

by Bill & Jackie Patterson | March 9, 2011

We recently spent a full day looking at REOs for good candidates to fix and flip. Although we specialize in short sales, since Bill is a contractor, we also buy REOs to remodel and flip. We were examining these homes looking for opportunities to make a profit, but as we went through home after home, [...]

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Real Estate Law

FTC’s Mortgage Assistance Relief Services: MARS Rule & Short Sales

by Bill & Jackie Patterson | February 14, 2011

In the mid 90′s there was a lot of talk about a popular book called “Men are from Mars, Women are from Venus”, and it was the topic of many talk shows and conversations. Today, we’re talking about MARS again bit in a different context. Regardless of what planet you’re from, when it comes to [...]

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Foreclosures

Shadow Inventory Larger Than Reported

by Joe Manausa, MBA | January 18, 2011

One of the new buzz words to have sprung from the collapse of the housing market is “shadow inventory,” and when most industry “experts” report the numbers, they are referring to distressed properties that have yet to hit the market. Primarily, these are REO properties (homes that have changed ownership from individuals to lenders) and [...]

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Foreclosures

Pre-Foreclosures: You have 3 shots

by Jim Watkins | September 10, 2007

First off, let me clear up one thing that continues to confuse the masses… There is a difference between “Pre-Foreclosure” and “Foreclosure.” I am sure all of you have seen the advertising on various sites. “See a list of foreclosures in your area!” Over 90% of the time, they are technically a foreclosure but really [...]

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