Foreclosures 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 [...]
Read the full article → Foreclosures by Jim Watkins | September 10, 2007First 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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Commentary: Foreclosure – The Human Element
by Bill & Jackie Patterson | March 9, 2011We 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, [...]