foreclosure
Real Estate Investing by Marty Boardman | May 12, 2011 
I could hear the desperation in her voice. Diane was nearly hysterical. She had just found out that she lost her home of 18 years to foreclosure. An investment group bought her property at the courthouse steps for $70,000. Then, they promptly posted a notice on her door that read WRITTEN DEMAND AND SURRENDER OF [...]
Read the full article → Real Estate Investing by Marty Boardman | April 21, 2011 
The popular NBC docudrama Unsolved Mysteries ran from 1988 to 1997. It was narrated by a man named Robert Stack, who I will always remember as airline captain Rex Kramer in the comedy film Airplane. Robert Stack was cool. His voice was monotone but dramatic – sort of like that guy with the slicked back [...]
Read the full article → Commentary by Melissa Zavala | April 19, 2011 
On Spring Break with the extended family, I had the opportunity to participate in a rousing game of Monopoly—modern-day Monopoly being that we played on an iPad instead of pulling out the old board game with the metal pieces. One of the kids that participated will obviously be the next real estate tycoon because he [...]
Read the full article → Foreclosures by Joe Manausa, MBA | March 22, 2011I try to keep track of as many possible statistics about the housing market, knowing that a gem of intelligence is always lurking behind some chart or graph if I look hard enough. One graph that historically has been un-revealing is suddenly speaking to me in volumes. The graph below shows the continuing trend of [...]
Commentary 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, [...]
Real Estate Law by Bill & Jackie Patterson | February 14, 2011In 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 [...]
Real Estate Investing by Marty Boardman | February 3, 2011 
Is it really true that bad things happen in threes? You hear it all the time. If a celebrity dies you’re certain to catch someone saying that two more are about to drop dead. But there’s a lot of good stuff that comes in threes, like: The Three Musketeers The Star Wars trilogy (the first [...]
Read the full article → 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 → Real Estate by Bill & Jackie Patterson | January 16, 2011When talking about short sales, everyone focuses on getting an approval letter from the lender. From the day you determine a short sale meets your investment criteria, and you gather the necessary paperwork and submit it to the lender, the primary goal is to obtain a short sale for the client, and get an approval [...]
Commentary by Bill & Jackie Patterson | January 9, 2011Everyone is going to encounter adversity, set backs and disappointments in their life, no matter how successful they are. How you handle those challenges can make a huge impact on the direction your life take. Adversity can stop you in your tracks, and turn your life upside down. It can also make you stronger, and [...]
Real Estate Investing by Bill & Jackie Patterson | January 2, 2011 
So…..You’ve evaluated a potential short sale and decided that it meets your investment criteria. You have the information you need from a listing Realtor to submit the short sale package to the lender. Now you need to gather information from the homeowner. Bill: When we decide to move forward with a short sale, we give [...]
Read the full article → Real Estate Investing by Marty Boardman | December 22, 2010 
Daddy, this is boring – when are they going to talk? The Nutcracker had just started and already my 6 year-old daughter, Audrey, was complaining. Evidently no one had explained to her that there is no dialogue in a ballet. I blame my wife. It is not a Dad’s job to know the storyline of [...]
Read the full article → Real Estate by Bill & Jackie Patterson | December 19, 2010 
Imagine the 12 days of Christmas as it would apply to short sales in a perfect world . . . while no meant to be sung, we’re sure you get the picture. On the first day of Christmas, my true love gave to me………a negotiator that can get approval letters in 12 weeks, with no [...]
Read the full article → Real Estate by Bill & Jackie Patterson | December 12, 2010Over the next few weeks, we’ll be discussing the steps involved in submitting a short sale package to the lender and managing the flow of information that is necessary throughout the process leading up to an approval letter. Jackie: After you’ve done your homework, and have determined that a potential short sale meets your investment [...]
Real Estate Investing by Marty Boardman | December 8, 2010 
When I opened the drive report and saw the photo I couldn’t believe my eyes. A picture is indeed worth a thousand words. He sat there comfortably in a canvas chair talking on his cell phone. The guy was holding a sign that read I GUTTED HOME – CEMENT IN TOILET – AKA TRASHED. It [...]
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Joshua Dorkin
If Purchasing Park Place Was Really That Easy….
by Melissa Zavala | April 19, 2011On Spring Break with the extended family, I had the opportunity to participate in a rousing game of Monopoly—modern-day Monopoly being that we played on an iPad instead of pulling out the old board game with the metal pieces. One of the kids that participated will obviously be the next real estate tycoon because he [...]